India is the Last BRIC standing

[he-man]

I hate people who write such nonsense from their safe living room...

Stupid ignorant fools,,,what the hell will u eat for rs 60?

 

[Nexus]

He's right though.

India has the smallest economy in the four BRIC countries.

And India's nominal GDP has actually been falling these past few years. (Granted, much of that was due to the collapse of the Rupee.)

Bric"s"

 

[sancho]

Of all the fast-growing BRIC countries, only India’s stands strong right now. Its economy seems perfectly structured to handle our delicate, and dangerous, global market.
A year and a half ago, emerging markets fell into chaos when the Federal Reserve signaled that the American economy had improved enough to end its asset-buying program, and investors began pulling out of foreign markets.
India was in a vulnerable place then — its current account deficit had been at 6.9% in late 2012, and outflows hit the economy hard. Plus, inflation was on the rise and growth was stagnating.
But today, while much of the world is in dark place economically — Brazil is embroiled in a corruption, scandal and sanctions continue to constrain Russia’s economy, China is slowing down, and unemployment persists in the EU — India stands out as a star performer: the one emerging market perfectly positioned for growth.

And still people think that UPA 2 was bad for our economy and has caused the problems, while the reality always was, that the problems were created abroad and but even in these bad times India was one of the few countries that stood strong. That's why our GDP is growing since last year again, that's why India will benefit even more when the global situation improves and investors get back to actually investing and that's when India can show it's potential.

 

[SrNair]

And still people think that UPA 2 was bad for our economy and has caused the problems, while the reality always was, that the problems were created abroad and but even in these bad times India was one of the few countries that stood strong. That's why our GDP is growing since last year again, that's why India will benefit even more when the global situation improves and investors get back to actually investing and that's when India can show it's potential.

You cant count foreign investors forever .We should electrify our manufacturing field for enabling us for huge exports

 

[sancho]

You cant count foreign investors forever .We should electrify our manufacturing field for enabling us for huge exports

Of course not, that's why India needs reforms too and why the push to get more manufacturing to India (and even better the developments from India) is a good approach. But a PR show alone doesn't cut the deal, that's why many foreigners are not that impressed by the PM's foreign visits as NRI's or the stock markets are, since a sentiment alone doesn't make foreign investors invest in building production companies in India, that requires proper reforms to ease making business in India too and that where both, the former and the current government lack behind the expectations.
We will see 6 to 7% growth in the next 2 years for sure, based on the reforms the former governments passed between 2012 and 2013, but we need more reforms if we want to get back to 9% or more, so we need more proper actions.

 

[Swachh_Bharat]

And still people think that UPA 2 was bad for our economy and has caused the problems, while the reality always was, that the problems were created abroad and but even in these bad times India was one of the few countries that stood strong. That's why our GDP is growing since last year again, that's why India will benefit even more when the global situation improves and investors get back to actually investing and that's when India can show it's potential.

UPA2 wasn't totally bad ... but there were good pockets, bad pockets and a few horrible pockets:

Chidambaram ++
Nilekani ++

Manmohan Singh +
Sonia Gandhi +

Pranab Mukherjee - -

Mamta Banerjee - - -
Rahul Gandhi - - -

And many less important across categories.

Modi alone is > > > ( all above ).
Rest of the country is run by bureaucracy and hidden faces (Doval etc).

I think the current BJP govt is too much Modi dependent.
Modi is very good .. but we need more positive faces.

 

[SrNair]

Of course not, that's why India needs reforms too and why the push to get more manufacturing to India (and even better the developments from India) is a good approach. But a PR show alone doesn't cut the deal, that's why many foreigners are not that impressed by the PM's foreign visits as NRI's or the stock markets are, since a sentiment alone doesn't make foreign investors invest in building production companies in India, that requires proper reforms to ease making business in India too and that where both, the former and the current government lack behind the expectations.
We will see 6 to 7% growth in the next 2 years for sure, based on the reforms the former governments passed between 2012 and 2013, but we need more reforms if we want to get back to 9% or more, so we need more proper actions.

PM main effort was for clearing messed up diplomacy and it already suck up his major share of 6 months rule .He already visited Nepal twice and we know that it was not for foreign investment .Hope he will start reform in coming months .

 

[SouthDesi]

The Chinese Economy Is Facing A $6.8 Trillion Nightmare That Could Get Worse

The Chinese economy has wasted $6.8 trillion (£4.3 trillion) in investment during the last four years.

Six-point-eight trillion dollars.

That's according to a report from China's National Development and Reform Commission and the Academy of Macroeconomic Research, written up here in the Financial Times. The report says that amount has been "ineffective investment."

For sure, $6.8 trillion is a difficult figure to imagine. That's two years of output for the entire German economy. It's more than four times as much as is invested in S&P 500 index funds.

Even in the enormous Chinese economy, that's practically half of the investment between 2009 and 2013, the period covered by the investigation. This is likely to have pretty grim effects on Chinese economic growth in the years ahead.

Investment of whatever variety initially shows us up in GDP figures. For example, the spending on building a bridge. Initially, the bridge construction will boost GDP simply because of the spending needed to finish it.

But after that, the economic effect of the bridge depends on a lot: Where is it from? Where does it lead to? If it's a useful investment, it could keep boosting spending by making consumers' journey to a city less arduous, and allowing them to go to the shops more often. If it's a bridge to nowhere, it's not likely to have that effect, and will simply be a waste of resources without any positive growth effect in the future.

China seems to have built the equivalent of $6.8 trillion in bridges to nowhere.

According to the FT, the authors are blaming the investment on low interest rates and other forms of government stimulus, suggesting that there's been a sort of malinvestment. The country's deserted ghost cities are probably the ultimate symbol of this wasted investment.

And if that's the case, it's not likely to be the last of it: The People's Bank of China just slashed interest rates, and it looks like there's probably more coming. The economy has slowed significantly in recent years: The government now targets a growth rate of 7.5%, well down from the double-digit rates seen before the crisis, and many analysts believe they will struggle to even reach that.

That's not all: The problem is exacerbated by graft and corruption among the country's autocratic elite, which skims off the investment whether it's wasteful or not. If the report's authors are correct about the causes, don't expect to see an improvement in the quality of China's investment any time soon



Read more: China Economy Waste Malinvestment Slowdown - Business Insider

 

[Swachh_Bharat]

The Chinese Economy Is Facing A $6.8 Trillion Nightmare That Could Get Worse

The Chinese economy has wasted $6.8 trillion (£4.3 trillion) in investment during the last four years.

Six-point-eight trillion dollars.

When things are hidden under the carpet .. it's always dirt which shows up when the carpet is lifted, never roses.

Chinese people are feeling the smell underneath .. but haven't gathered the courage to lift the carpet yet.

Perhaps, the smell needs to evolve into stench. Till then the carpet stays.

 

[sancho]

UPA2 wasn't totally bad ... but there were good pockets, bad pockets and a few horrible pockets

Exactly!!! And that's what the India has to understand or to distinguish, that any ruling government makes good and bad things and not that everything they did was or is bad. UPA 2 had a pretty good economic policy for these crisis years, that's why India stood and still stands out, but they also had the scams which made them not acceptable anymore and "that's" why they had to be voted out. However that doesn't mean one can forget or ignore the positive things they did for India, which results still are visible now. Just as we have to base the judgement on the current government on the actions they took and the results of it, not to mention the promises they made to be elected. And here again, we will see positives and negatives and we have to credit and criticize equally.

 

[sancho]

PM main effort was for clearing messed up diplomacy and it already suck up his major share of 6 months rule

Neither did we had any issues with foreign policy, nor did he even tried to change things on a political level during most of his visits. He was promting his pro business stand, rather than a political push to change India stand. Take the Japan or US trips, much PR and advertisement for doing business in or with India, but little to no substance on the political levels. Indo - Japan relations are as good as before, Indo - US relations haven't changed either and in both visits the agreements basically are the same as under the former government, which once again shows that no matter who is in power in India, the foreign policy remains the same and that's good!

 

[Icewolf]

Indian economy running on a bubble. When this bubble pops India will go back into 1960-1970's type of growth

 

[SrNair]

Neither did we had any issues with foreign policy, nor did he even tried to change things on a political level during most of his visits. He was promting his pro business stand, rather than a political push to change India stand. Take the Japan or US trips, much PR and advertisement for doing business in or with India, but little to no substance on the political levels. Indo - Japan relations are as good as before, Indo - US relations haven't changed either and in both visits the agreements basically are the same as under the former government, which once again shows that no matter who is in power in India, the foreign policy remains the same and that's good!

I agree .Our FM Sushama Swaraj already cleared that to the US Foreign Secretary John Kerry during his 2 day visit in July for seeking support for sanctions against Russians .His PR business revealed his effort to change his own evil image , a side effect of 2002 in foreign nations..We cant say his presence was same as that of Dr Singh.If that was the case we cant see this much of investment in our stock exchange.

 

[SrNair]

Indian economy running on a bubble. When this bubble pops India will go back into 1960-1970's type of growth

First you should take a nap then you can see nice dream than this.

 

[SouthDesi]

Indo - Japan relations are as good as before, Indo - US relations haven't changed either and in both visits the agreements basically are the same as under the former government, which once again shows that no matter who is in power in India, the foreign policy remains the same and that's good!

Going forward our relations with USA will be completely different and Russia itself already acknowledged it for last couple of years. As influence of Indians grow further in USA it's bound to happen, also we can achieve kind of development we want to see in India is possible only with USA partnership.