India is the fastest growing major economy in the world with a GDP growth of 7.2% exceeding all projections in FY23

[migflug]

Why this Rishi dude doesnt include Indonesia at 5.3 % for 2022 growth .......

Turkey economic growth in 2022 is 5.7 % and he doesnt include it as well....

Turkey economy is in a bad shape currently. Currency has depreciated a lot in last 2 yrs, Indonesia is definitely doing good!

 

[Indos]

You said earlier that this quarter result will decide where India is heading.

I dont complain, if India economic growth is at around 4 % again, foreign investor will spur Indonesian market and Rupiah will be appreciated a lot.

Personally I prefer Rupiah gets bit pressure like this as it will be good for our export penetration.

Turkey economy is in a bad shape currently. Currency has depreciated a lot in last 2 yrs, Indonesia is definitely doing good!

Yup Indonesia for the year 2023 is a bit ahead of Turkey, we can still post 5 percent growth while Turkey is at 4 % (Q1 2023).

 

[Indos]

Where the fk these numbers coming from. Everyone in my circle, business is down. They r getting less orders and payments r late. Maybe the rich r getting richer.
But small industry or middle class definitely has less money to spend.
If any1 can say otherwise has black money.

Yup, what you said is true, based on recent data, Indian car sales are going up while Indian motorcycle sales is still below pre-Covid level period (2019).

It must be about Indian service sector that employ educated and higher paid professionals grows better than other sectors.

 

[legacytiger18]

Where the fk these numbers coming from. Everyone in my circle, business is down. They r getting less orders and payments r late. Maybe the rich r getting richer.
But small industry or middle class definitely has less money to spend.
If any1 can say otherwise has black money.

everyone in my circles are saying things are going great

Yup, what you said is true, based on recent data, Indian car sales are going up while Indian motorcycle sales is still below pre-Covid level period (2019).

It must be about Indian service sector that employ educated and higher paid professionals grows better than other sectors.

good observation , actually numbers went to 10 year low now. This is mainly because of the raise in fuel price. There are no systematic issues in rural incomes