Really? The whole world openly says via media that China is obfuscating the data so either they all are lying or someone is - (although no one denies economic development is there) - that growth at the rates as per Chinese officials is not there although growth is still higher than most. So either a. you dont follow world media reporting or b. you just want to have a go for the sake of it. As for your currency 'appreciation' one cant deny the fact that you do not have fully convertible market linked pricing of your currency - instead your central bank is fixing the rate of exchange. in addition there has been a tremendous slowdown affecting Europe and North America - the main destinations for your 'export' oriented industrial set up. this has resulted in significant hits being taken by your exports. in addition your claims of increased consumer demand (of 15%?) is again obfuscated as your yardstick is despatch of manufactured goods from manufacturer to retailer while ignoring the actual sale of product. Since this is also affected due to significantly lower earnings (thanks majorly to a hit by export oriented economy which is the main source of earnings for your workforce).
As for Indian economy it will further go down as there is no obfuscation but greater increase in existing current account deficit as also fiscal deficit further burdened by bad economic decisions and so called 'welfare' measures that are wholly corruption ridden. So please take your nonsense somewhere else. If you want to talk economics, finance and fiscal management then briong it on
for the sake of what? making fun of India? lol, do i have to, i mean seriously? you guys are doing it by yourselves.
nonsense is for someone who doesnt know the difference between a totally controlled exchange rate and a means of giving certain rooms for its fluctuation (a useful tool to deal with hot money and speculative short investments, which are the two major forces brought down primitive India economy)
nonsense is for someone to believe that China is still a export driven economy whereas it barely makes up like 8% of its GDP much less than Germany and Japan.
nonsense is for someone to take international news seriously when it comes to China, which to educated ones, they are no more than the after taste of Cold War propaganda shows, but at meantime igore hard data and annual reports from professional organizations like World Bank, WIPO, PCT, World Economic Forum and etc about China
and to your usual excuses of India's economic defeat, it can be explained more than just by bad decisions. for all the countries i have been to, and people i have worked with for past decades, i know it very well, in reality, India is nowhere near where they deluded themselves to be, and it has no significant place at world's high tech, modern economy, culture, business and manufacturing fields.
shed me more of your ignorance kid
