India third quarter GDP growth stronger than expected

[Chanakya's_Chant]

India's second quarter GDP growth stronger than expected

​

India's economy grew by 4.8 percent in the third quarter year-on-year, narrowly beating
analysts' forecasts.

Economists polled by Reuters had estimated the BRIC (Brazil, Russia, India, China) country grew by 4.6 percent between July and September.

(CNBC Explains: BRICs)

Mark Williams, the chief Asia economist at Capital Economics, attributed the better-than-expected growth to an improvement in exports and investment. He had seen growth coming in at 4.7 percent.

India's growth has disappointed in recent quarters, with growth decelerating from above 9 percent in 2010 to as low as 4.4 percent in the second quarter 2013 — lagging far behind economic rival China, which has maintained growth rates above 7 percent this year.

However, Goldman Sachs forecast on Thursday that growth would accelerate in the next fiscal year (April 1, 2014 to March 31, 2015), due to an improvement in exports and an increase in investment demand.

(Read more: India's turnaround is very close: Goldman Sachs)

Williams agreed that growth would pick up next year, but only to about 5 percent.

"It would take significant structural reforms to elevate Indian growth back to the 8 or 9 percent level and that there is no sign that is going to happen any time soon. One of of the big problems is the inability to get large investment projects off the ground. Across the country, projects have stalled or haven't got approval to even start. So something has to be done to clear that backlog," he said.

Capital Economics said that India's upturn would be "slow and bumpy", in a research note out after the numbers were published.

"The monthly data suggest that the momentum of the recovery is not particularly strong. ... Overall, we think that the recovery will be relatively subdued," it said.

Source:- India third quarter GDP growth stronger than expected
Indian economy grows by 4.8 per cent in Q2 - The Hindu
​

 

[IndoCarib]

5% growth is expected in the 2014 first quater. We can throw OECD's forecast of 3.4% growth in 2014 out of the window.

 

[Chanakya's_Chant]

5% growth is expected in the 2014 first quater. We can throw OECD's forecast of 3.4% growth in 2014 out of the window.

And IMF's too I guess they predicted around 3.75% but now It would definitely go around 5% as predicted by the GOI with RBI.....But yes for some concrete economic reforms we will have to wait for the upcoming general elections only....till then we will have to work our with the ongoing small scale but essential reforms being undertaken....

 

[Echo_419]

5% growth is expected in the 2014 first quater. We can throw OECD's forecast of 3.4% growth in 2014 out of the window.

The only thing that is still keeping economy in normal if not in good shape
Is the PMs special team who is approving stalled projects
Bas us pe he barosa hai

 

[IndoCarib]

The only thing that is still keeping economy in normal if not in good shape
Is the PMs special team who is approving stalled projects
Bas us pe he barosa hai

PM let the economy to collapse. After all he was taking orders from Sonia !! Now he has realised his mistake. If the next govt (BJP) inherits 5% growth, they will take it to 8% in 2 -3 years.

 

[[Bregs]]

This silght rise in growth has been because of turn around in agriculture growth, so the remainder of this year the rural economics is going to drive our economy upwards around 5 for this year

 

[Echo_419]

PM let the economy to collapse. After all he was taking orders from Sonia !! Now he has realised his mistake. If the next govt (BJP) inherits 5% growth, they will take it to 8% in 2 -3 years.

I liked you at least said 2-3 years
There are 5 things I am worried about if india has to get serious in manufacturing
1.Labour laws
They are a total mess
2.FSB it is gonna wreck havoc on fiscal situation
3.NREGA this thing has Fcuked up the wages
Bakio ki baat chodo hamare factory Mein labour labour nah hogayi nawab hogayi hai
Bade paise mange hai
This Is eroding India's cheap labour advantage
4.New land bill
MNCs babaji ka tulu dekha ke Vietnam,BD & other cheap destinations chalajayenge
Bas inks solution modi Ji nikal le toh Bach jaye ge

Also can we reduce The allocation & covered area for NREGA & FSB

 

[Ayush]

good to know

 

[Firemaster]

good news

 

[Chanakya's_Chant]

The only thing that is still keeping economy in normal if not in good shape
Is the PMs special team who is approving stalled projects
Bas us pe he barosa hai

Manmohan Singh is a great economist - but unfortunately not the same for him as a leader - he would have immensely contributed to the economy as our Finance Minister - a thing which he had already done before and was quite famous for the same - P Chidambaram, AK Antony, Pranad Mukherjee, Jaipal Reddy and Jai Ram Naresh - all were better competitors for the PM's post but as you know we have that Italian Bitch above all - but still I will select Manmohan over Rahul baba for the PM's post....Actually we should all be grateful to him and PV Narsimha Rao for because of their pioneering contributions only today India is in the list of the "Potential Superpowers" and will undoubtedly will emerge as the third largest economy by 2030 after China and US......

PM let the economy to collapse. After all he was taking orders from Sonia !! Now he has realised his mistake. If the next govt (BJP) inherits 5% growth, they will take it to 8% in 2 -3 years.

Well that was somewhat a type of conspiracy theory - IMHO that Italian Bitch hardly cares about India and yes the current economic slowdown is a man-made one; economists all across the globe hold UPA's government "Policy Paralysis" since they again came to power in 2009 as the dominant reason responsible for the same.....Yes certainly there were some external factors too like the Iran and Syrian crisis and the depreciation of currencies all across the globe like that of Indonesia but still the internal factors heavily dominated over the external ones....

Anyways here is correction from my side...it is the second quarter this fiscal not the third one...

Indian economy grows by 4.8 per cent in Q2 - The Hindu

 

[IndoUS]

I wouldn't bet on any solid growth number for the future. The entire thing depends on the next year election. There is too much volatility in the market as of now, until we see a stable government in power it is hard to say what will happen in regards to growth.