Goldman Sachs downgrades India, says rupee can hit 65 to dollar

[Snowden]

If collapsing currencies cause manufacturing booms, then Argentina and Zimbabwe should be manufacturing powerhouses. The fact that Indians believe tis sort of nonsense just goes to show why their economy is falling apart. India is economically finished.

 

[Hellraiser007]

Without land and labor law reforms even with a weakening currency very few people are going to invest in production in India. The value of a currency reflects the capital flows and the strength of a economy. And the INR right now says that capital is going out and the economy is weak. As for the human resources of India. Yes, there are a lot of very bright Indians. But as it is most of the growing population of Indians have very little formal education or skills to speak of.

We are trying to make manufacturing a main pillar of our growth, GOI is taking steps for that.

 

[Snowden]

We are trying to make manufacturing a main pillar of our growth, GOI is taking steps for that.

So is every other country. Not just developing countries but now developed countries too.

 

[Truth Finder]

FDI in retail is just cleared with 30% sourcing from local SMEs. Indian retail market is about $1 trillion by 2020. China did that in 1992. Thus manufacturing came there. Now, it's eroding. Hence, India's chance. Manufacturing can be done in India very chiefly like in China in 1990s. Hope, you get it.

 

[Snowden]

FDI in retail is just cleared with 30% sourcing from local SMEs. Indian retail market is about $1 trillion by 2020. China did that in 1992. Thus manufacturing came there. Now, it's eroding. Hence, India's chance. Manufacturing can be done in India very chiefly like in China in 1990s. Hope, you get it.

What ignorant nonsense. India don't have the cheapest wages, as other countries (Bangladesh, Vietnam, etc) have cheaper wages, better infrastructure and much better business environment. No one cares about what India will be by 2020. Other countries could be greater than $1 trillion.
India don't have the necessary infrastructure, low regulations, favourable tax policies and access to low cost of capital. It's very difficult for India to even come close to us in manufacturing and industrial might.

To manufacture you need access to raw materials and since the Rupee has collapsed, those raw materials will be very expensive to import. Therefore the cost of doing manufacturing in India is too high.

 

[Truth Finder]

What ignorant nonsense. India don't have the cheapest wages, as other countries (Bangladesh, Vietnam, etc) have cheaper wages, better infrastructure and much better business environment. No one cares about what India will be by 2020. Other countries could be greater than $1 trillion.
India don't have the necessary infrastructure, low regulations, favourable tax policies and access to low cost of capital. It's very difficult for India to even come close to us in manufacturing and industrial might.

To manufacture you need access to raw materials and since the Rupee has collapsed, those raw materials will be very expensive to import. Therefore the cost of doing manufacturing in India is too high.

Keep on with your fairy tales.
$500 billion was invested alone in India in infrastructure in the last 3 years.(both Govt & pvt.) And $1t rillion is going to be invested in the next 4 years.So, sweet dreams.

 

[Speeder 2]

This is some what funny and pitiful comment coming from a chinese, You people have changed the whole meaning of "GDP".
You people fake every thing and how dare you scrutinize India GDP .

China's GDP is "man-made," unreliable: top leader

China's GDP is man-made, unreliable: top leader | Reuters

Read from your own leader

http://www.defence.pk/forums/world-...flated-china-s-gdp-900-billion-last-year.html

close to one trillion is inflated in one year, this is close to 20 percent of your GDP?

And here you are with your attempts .

The real GDP, economic and social welfare stats of Chinese are not known to the world and the all the stats.... I repeat all the stats coming out of China are manipulated to save CCP from common chinese citizen.

India have uplifted millions from the poverty and since we are a democracy transparency is there, where as chinese are known as slaves of CCP and they will come on forums boasting the cooked up stats online and earn their cents.

Regarding Chinese bubble and the present condition the below links are self explanatory.

Job cuts happening in China:

One-Third of China Shipyards Face Closure as Orders Slump

One-Third of China Shipyards Face Closure as Orders Slump - Bloomberg

China Rongsheng Halts Share Trading After Report of 8,000 Job Cuts

China Rongsheng Halts Share Trading After Report of 8,000 Job Cuts | gCaptain

Report: IBM may cut 500 jobs in China

Report: IBM may cut 500 jobs in China - UPI.com

Motorola job cuts spark ire in China
Motorola job cuts spark ire in China - News - BCBCD-The window of China

Sany job cuts signal Chinese slowdown
Sany job cuts signal Chinese slowdown - FT.com


Chinese build ports, airports, ghost malls , ghost cities and Ghost factories and add those figures to GDP rate and boast them selves

Ghost Cities

A video which explains about chinese concrete jungles near to Shangai and other remote areas, fact is 700 million people in China are less than 2 million perday and they cannot spend on these appartments and malls.
They built these concrete facilities and showed them as GDP growth rate and now waiting for some one to fill those places. which is not going to happen for years to come, going by the present chinese economy status.


Chinese ghost cities further hit by slowing economy - Australia Network News (Australian Broadcasting Corporation)

Ghost malls:

World's biggest mall a China 'ghost town'

World's biggest mall a China 'ghost town' - CNN.com

(contd.....)

Your arguments are retarded, acutely reflecting your Indian ultra low IQ, because you can't think.

You take "news" from the western mainstream political media for granted: they know the likes such as you can't think.

The western media have done this for decades to bash China for political purpose.

Compared to the width and depth faking of India's GDP, China's can be considered as a textbook rigurous example.


Will the western mainstream media care about India's faking of GDP? Not a chance, for i) India GDP is too irrelevantly small to be on anyone's radar, ii)they won't bash sub-sahara-like India,for the fear of being taken as "racist", iii) India is a cheap and dirty cannon fodder of the West in their efforts to go against their biggest competitor China, so why bother slam their own biiitch?

The "China fake GDP" news is in direct contradiction with srong annual growth of FDI in China, and real life financial data from Fortune 500 companies operating in China.

In a nutshell, China, as well as the US or Germany or UK, could fake some data, say inflating by 1& or so, yet not much. Why? because unlike you indians, the executives of Fortune 55 multinationals just like we high IQ people know how to verify the authecity of the ANY data, inflated or not, by looking at indirect but closely-related "un-fakeables" :

1. how much can you fake electricity, meat, vege, steel, etc raw materials consumption growth per cap? China could, but it has to fake as well the data of all the companies that it deals with located in US, Brasil, Australia, Japan... all the way to Europe.


2. how much can you fake white goods growth consumption per cap?

3. how much can you fake luxuary good consumption growth per cap?


4. how much can you fake chinese annual int'l tourist consumption growth per cap?

5. how much can you fake all the hard infras annual growth in the country?

... high speed rails, bridges, roads, airports, schools, hosoitals, stadiums, countless skyscraperse, etc... the anual growth of all these is tangible, and people can see and touch, unless you retard think they are all made by paper.

one step back, can you even fake the "ghost towns"? they are real things, not made by paper either.


6. how the heck can you fake China's annual imports growth?


7.how much can you fake the data of china's 3 trillion FOREX reserve annual growth data for Q1, Q2, Q3, and Q4? unless you retard fancy that all the money involved are fake, and China's major trading partners such as EU, US, Japan etc are all faking their data together to make a case?


8, how much can you fake the data of consumption growth per cap in China of vitually ANY big ticket goods /serives you can name of, being auto sales, int'l ship building volumn, computer sales, smart phone sales, telecom equips sales, green tech sales, motocycle sales, etc. etc. that can be verified to the last nail from real data in the Fortune 500 boardrooms?? unless China can convince the world to fake all data together?!

...

"un-fakebles" commecial data are endless. World's No2 economu can fake data in theory, but the scope is very very limited. Long before the politically-charged semi-economically-illiterate journos from places such as CNN could wake up to write a bash piece on China, World Bank, the UN, IMF, etc. countless independet int'l finanical institutions operating in China and/or depend the major part of their biz on China would have already raised the issue. where are they?


Of course low IQ trolls such as you can't figure out the "puzzles" of western mainstream media propaganda hit pieces, until intelligent people, by which I mean people like myself of course, spoon-feed you kind of retards one by one for entertainment


All these major consumption volumn in China btw are usually at about 10 friggin times that of India, if not more. And you low IQ liar even have gal bullsh!tting that "India has more consumption than China". Go find a psychologist specialised on day time illusions due to low IQ or hunger or both, you piece of work need help!

 

[Snowden]

Keep on with your fairy tales.
$500 billion was invested alone in India in infrastructure in the last 3 years.(both Govt & pvt.) And $1t rillion is going to be invested in the next 4 years.So, sweet dreams.

We have been building up our infrastructure like crazy spending trillions over the last two decades. Despite all that, our infrastructure is still decades behind developed countries.

India will be lucky if you spend AND build infrastructure at the same size and speed as we did. Even if you match our size and speed, you will still be short of where we are today.

Considering Indian corruption and bureaucracy, nothing will get done. You must be outta your mind if you think you can hang with us.

That's not fairy tales, that's a brutally honest fact.

 

[Truth Finder]

We have been building up our infrastructure like crazy spending trillions over the last two decades. Despite all that, our infrastructure is still decades behind developed countries.

India will be lucky if you spend AND build infrastructure at the same size and speed as we did. Even if you match our size and speed, you will still be short of where we are today.

Considering Indian corruption and bureaucracy, nothing will get done. You must be outta your mind if you think you can hang with us.

That's not fairy tales, that's a brutally honest fact.

Chinese astrology.
Trillion dollars every year for decades??? You are a funny guy.

 

[Snowden]

Chinese astrology.
Trillion dollars every year for decades??? You are a funny guy.

Dude, investment makes a big part of our GDP. Of that investment, infrastructure makes up a sizeable portion. Yes we have been spending trillions on infrastructure over the past 2 decades. Not every year.

 

[Truth Finder]

Dude, investment makes a big part of our GDP. Of that investment, infrastructure makes up a sizeable portion. Yes we have been spending trillions on infrastructure over the past 2 decades. Not every year.

And that is the reason of your Ghost Cities.

 

[Snowden]

And that is the reason of your Ghost Cities.

China builds ahead of demand so when demand for office space/infrastructure pop up, the supply is already in place. That's why China don't have too many bottlenecks in infrastructure. Pudong used to be labelled as a 'ghost city' in the 1990's. Go there now and space has run out as every building is fully occupied and infrastructure being used. As I said before, CPC knows what they are doing.

 

[Truth Finder]

China builds ahead of demand so when demand for office space/infrastructure pop up, the supply is already in place. That's why China don't have too many bottlenecks in infrastructure. Pudong used to be labelled as a 'ghost city' in the 1990's. Go there now and space has run out as every building is fully occupied and infrastructure being used. As I said before, CPC knows what they are doing.

Like credit bubble???

 

[Snowden]

Like credit bubble???

Stimulus package was necessary after the 2008 GFC. Sure it had its side effects, but its manageable.

 

[Hellraiser007]

What a load of $hit,

First read the post what I have written, You leader and PM of China spokeh that GDP is not the measure and Chinese GDP figures are cooked up. Check that ....

Second regarding the GDP figures western economies who are in the mess also support the cooked up stats since they also have to show their people about trade.

Regarding Ghost towns as shown in the video there are Ghost towns and there are chinese 700 million who earn under 2 $ per day, it will take atleast a decade to fill those apartments and shopping complexes and by that time lot of changes will occur and the investments CCP is showing as gdp growth is a pure fake.

I have given the links which proves my claims and stop your nonsense.

Your arguments are retarded, acutely reflecting your Indian ultra low IQ, because you can't think.

You take "news" from the western mainstream political media for granted: they know the likes such as you can't think.

The western media have done this for decades to bash China for political purpose.

Compared to the width and depth faking of India's GDP, China's can be considered as a textbook rigurous example.


Will the western mainstream media care about India's faking of GDP? Not a chance, for i) India GDP is too irrelevantly small to be on anyone's radar, ii)they won't bash sub-sahara-like India,for the fear of being taken as "racist", iii) India is a cheap and dirty cannon fodder of the West in their efforts to go against their biggest competitor China, so why bother slam their own biiitch?

The "China fake GDP" news is in direct contradiction with srong annual growth of FDI in China, and real life financial data from Fortune 500 companies operating in China.

In a nutshell, China, as well as the US or Germany or UK, could fake some data, say inflating by 1& or so, yet not much. Why? because unlike you indians, the executives of Fortune 55 multinationals just like we high IQ people know how to verify the authecity of the ANY data, inflated or not, by looking at indirect but closely-related "un-fakeables" :

1. how much can you fake electricity, meat, vege, steel, etc raw materials consumption growth per cap? China could, but it has to fake as well the data of all the companies that it deals with located in US, Brasil, Australia, Japan... all the way to Europe.


2. how much can you fake white goods growth consumption per cap?

3. how much can you fake luxuary good consumption growth per cap?


4. how much can you fake chinese annual int'l tourist consumption growth per cap?

5. how much can you fake all the hard infras annual growth in the country?

... high speed rails, bridges, roads, airports, schools, hosoitals, stadiums, countless skyscraperse, etc... the anual growth of all these is tangible, and people can see and touch, unless you retard think they are all made by paper.

one step back, can you even fake the "ghost towns"? they are real things, not made by paper either.


6. how the heck can you fake China's annual imports growth?


7.how much can you fake the data of china's 3 trillion FOREX reserve annual growth data for 1Q, 2Q, 3Q, and 4Q? unless you retard fancy that all the money involved are fake, and China's major trading partners such as EU, US, Japan etc are all faking their data together to make a case?


8, how much can you fake the data of consumption growth per cap in China of vitually ANY big ticket goods /serives you can name of, being auto sales, int'l ship building volumn, computer sales, smart phone sales, telecom equips sales, green tech sales, motocycle sales, etc. etc. that can be verified to the last nail from real data in the Fortune 500 boardrooms?? unless China can convince the world to fake all data together?!

...

"un-fakebles" commecial data are endless. World's No2 economu can fake data in theory, but the scope is very very limited. Long before the politically-charged semi-economically-illiterate journos from places such as CNN could wake up to write a bash piece on China, World Bank, the UN, IMF, etc. countless independet int'l finanical institutions operating in China and/or depend the major part of their biz on China would have already raised the issue. where are they?


Of course low IQ trolls such as you can't figure out the "puzzles" of western mainstream media propaganda hit pieces, until intelligent people, by which I mean people like myself of course, spoon-feed you kind of retards one by one for entertainment


All these major consumption volumn in China btw are usually at about 10 friggin times that of India, if not more. And you low IQ liar even have gal bullsh!tting that "India has more consumption than China". Go find a psychologist specialised on day time illusions due to low IQ or hunger or both, you piece of work need help!