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India economy slows to 7% growth, Modi failed!

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People were predicting 8% hahahahahhahahah!!!

So what do you say Indians?

What do I say, its a lot better that the pathetic state your country is in... start taking care off your bullshit, and we will take care of ours..

post haste!

Modi should resign. He failed as a PM.

you Should resign as a human being, your a disgrace to humanity... On the contrary most of the other countries did not post any positive growth above 1 to 1.3% of GDP...
 
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New Delhi: Economic growth slowed by more than expected in the quarter to June, according to data released on Monday that will worry Prime Minister Narendra Modi and prompt more urgent calls from his aides for interest rate cuts.

Gross domestic product expanded an annual 7 per cent rate in the April-June quarter, government figures showed. That was slower than provisional growth of 7.5 per cent in the previous quarter.

Analysts polled by Reuters expected growth for the quarter to come in at 7.4 per cent, but a weak showing from the services sector acted as a drag on Asia's third-largest economy.

"Growth conditions are still weak and are picking up in a very, very gradual manner," said A. Prasanna, economist at ICICI Securities Primary Dealership.

While India matched growth in China, the loss of momentum comes just as PM Modi's image as the country's economic saviour starts to fade 15 months after his historic electoral triumph.

He swept to power on a promise of speedier growth creating millions of manufacturing jobs. But businesses are getting restless with slow progress in removing barriers to growth.

The data will also strengthen the chorus from Modi's administration for a rate cut. Some bureaucrats are already arguing for an immediate reduction of as much as 50 basis points in the Reserve Bank of India's main 7.25 per cent policy rate.

"In our view, (it) clearly paves the way for two more repo rate cuts before the close of the financial year," said Jyotinder Kaur, principal economist at HDFC Bank.

The RBI has cut the policy repo rate 75 basis points since January. But it left the rate on hold at its last policy review early this month.

While it has not ruled out further monetary easing, it has tied up future rate cuts to the inflation outlook.

Many in the government are worried that growth could slip below the official target of 8 to 8.5 per cent for the year to March, and sees the RBI's caution as worsening the situation.

And there is a boom in Pakistan Economy with less than 4% growth rate inhigh inflation economy
 
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you Should resign as a human being, your a disgrace to humanity... On the contrary most of the other countries did not post any positive growth above 1 to 1.3% of GDP...

Reported for personal attack.
 
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Thanks.thats means u did tasted it like ur arab brothers.
wpid-photo-4885.jpg

Your parents marriage picture...
 
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The first 2 qtrs will be disappointing and the growth rate start improving from 3rd Qtr of FY2015-16.

It is widely reported and assumed by the analysts. Now whats the fuzz about it?
 
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The first 2 qtrs will be disappointing and the growth rate start improving from 3rd Qtr of FY2015-16.

It is widely reported and assumed by the analysts. Now whats the fuzz about it?


Because modi failed
 
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