India to be fastest-growing economy globally in both 2022 and 2023: IMF

[INDIAPOSITIVE]

https://twitter.com/x/status/1516403490544750594

https://twitter.com/x/status/1516404858013683719

 

[Indos]

We need to see Q1 2022 real growth first that for India will come up in late May. I dont know why they put India GDP growth so high despite Q 4 2021 shows around 5 % growth.

We will see real figure soon, I will save this thread, my prediction India economic growth will not far from Q4 2021 figure which is around 5 %

I see bias in IMF as too many Indians are there

Here, there are 2 Indians out of 4 IMF analysts in this recent IMF livestreaming

 

[Black Tornado]

We need to see Q1 2022 real growth first that for India will come up in late May. I dont know why they put India GDP growth so high despite Q 4 2021 shows around 5 % growth.

We will see real figure soon, I will save this thread, my prediction India economic growth will not far from Q4 2021 figure which is around 5 %

I see bias in IMF as too many Indians are there

Here, there are 2 Indians out of 4 IMF analysts in this recent IMF livestreaming

Its not that what they say will always be correct, but we’ll remain fastest growing major economy in the world anyways.

 

[Surya 1]

https://twitter.com/x/status/1516403490544750594

https://twitter.com/x/status/1516404858013683719

Like they have revised the GDP forcast for FY 2021-22 from 8.5 pc to 9.2 pc, they will revise this figure as well in upward direction. India is all set to rise at 15 pc in GDP market price for coming 2 to 3 decades. India sill bd the only major country to surplus skilled manpower. Rest of the world will face the deficit of skilled manpower.

Its not that what they say will always be correct, but we’ll remain fastest growing major economy in the world anyways.

india will grow at 9 to 10 pc from 2024 for aearstleast 25 years.

 

[Windjammer]

Every Indian on this forum has just one thing in their mind.

 

[SuvarnaTeja]

https://twitter.com/x/status/1516403490544750594

https://twitter.com/x/status/1516404858013683719

Its not that what they say will always be correct, but we’ll remain fastest growing major economy in the world anyways.

Like they have revised the GDP forcast for FY 2021-22 from 8.5 pc to 9.2 pc, they will revise this figure as well in upward direction. India is all set to rise at 15 pc in GDP market price for coming 2 to 3 decades. India sill bd the only major country to surplus skilled manpower. Rest of the world will face the deficit of skilled manpower.



india will grow at 9 to 10 pc from 2024 for aearstleast 25 years.

Big mouth Indians being Indians.

Nothing new here.

Talk big and under deliver.

That is the story of India.

 

[Wood]

I remember reading in PDF that Bangladesh will grow faster than India for foreseeable future?

 

[Indos]

Its not that what they say will always be correct, but we’ll remain fastest growing major economy in the world anyways.

It will be interesting to see Q1 data in late May, I am also nervous to see my country data as our economists put on 4.7-5.5 % rate ( Finance Ministry ) and Central Bank projection is even lower at 4.5-5.2 %.

Well projecting real growth some time needs intuition, as we see Indonesia real growth at 5.02 percent in Q4 2021, but I project we can grow in the range of 5.3-5.7 percent in this 2022 inshaAllah. I will save this thread and may open again next year when real figure for whole year has been revealed.

The reason of my projection for Indonesia : ( beside the bless of Allah with enough rain and others )

1. Better trade balance as I project around 42 billion USD trade surplus for whole 2022 due to commodity price increase and it will be likely continue even until the end of 2022 according to my prediction

2. More investment coming from foreign investors as Indonesia is seen as having stable currency compared to other peers in emerging economies and due to the fact that our economy is backed by coal price which is tapped at lower rate than international price thus giving more assurance on foreign investors in term of energy supply that is more secure and affordable compared to other emerging countries ( India, Turkey, Mexico, Brazil, etc )

3. Structural change through Omnibus Law will likely provide more investment as well both domestic and foreign direct investment

4. Easiness in reporting tax for both individuals and companies as now we have e-tax filling which actually has been going on for several years

5. More direct investment from local businesses as domestic investment so far has been as strong as foreign direct investment figure ( 50:50 ), this is due to better stock market performance (basically the best in Asia as we are speaking now) that will make more companies go to IPO like we have seen with Bukalapak with 1.5 billion USD and Goto with 1.1 billion USD initial public offering in the end of 2021 and April 2022. Coal companies also have more fresh money to do diversification programs and some SOE will do IPO as well where the money will likely be used for further investment

6. Enough support from government spending despite they are going to decrease budget deficit gradually into less than 3 % in 2023. I also predict better performance of the spending effectiveness as I see good effort could come up for the last 8 months of 2022

7. I see we can possibly tame inflation no more than 3 percent along the year that in the end can strengthen the public spending where we see other emerging countries inflation is now around 6-9 percents

8. InshaAllah there will be no containment measure in relation to Covid as recent survey shows 99.2 percent of Indonesians have already got Covid 19 anti body, which then push more opening and people mobility which is now gradually reaching to pre Covid level

9. Better performance in hospitality and transportation sector due to more opening measure which is now better compared to Q4 2021 situation with 5 % overall economic growth

Thats why I see will be the factors to push Indonesia's economy into 5.4-5.7 % according to my prediction

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If you see there are factors in Indian economy that can push the economy beyond Q4 figure (October-Desember 2021) at 5.4 % that make Indian economy can reach 8 % growth in 2022, you can try to write those factors so I can see reasons of why India economy can grow at 8 %

 

[Cheepek]

We need to see Q1 2022 real growth first that for India will come up in late May. I dont know why they put India GDP growth so high despite Q 4 2021 shows around 5 % growth.

We will see real figure soon, I will save this thread, my prediction India economic growth will not far from Q4 2021 figure which is around 5 %

I see bias in IMF as too many Indians are there

Here, there are 2 Indians out of 4 IMF analysts in this recent IMF livestreaming

India's estimate for FY22 is 8.9% and it needs 4.8% growth rate in Q4 to achieve that. So, relax... Okay?

 

[Kyusuibu Honbu]

I remember reading in PDF that Bangladesh will grow faster than India for foreseeable future?

from resident lunginomists?

 

[Indos]

India's estimate for FY22 is 8.9% and it needs 4.8% growth rate in Q4 to achieve that. So, relax... Okay?

I am talking 2022, 2021 data is history and you guys have strange fiscal year period. I see IMF uses general fiscal year in their report ( Jan-December)

Indian 2021 growth rate is high due to 6.6 % contraction in 2020 ( tight lock down )

The same like Singapore with 4.4 percent contraction in 2020, this is why they can achieve 7.6 % growth in 2021, but recent data for Q1 2022 shows 3.4 percent growth, which gradually come back to their pre covid growth rate at less than 2 percent

This is just analysis, so dont get emotional, India growth is also good for Indonesian export as India is our second biggest export destination and in March alone we have exported almost 3 billion USD of goods to India

 

[pak1234]

What's the average from the start of covid till 2023?

Considering India had a negative GDP growth rate

 

[Wood]

I expect the state of Maharashtra to become a $1 Trillion economy by (or perhaps before) 2030

 

[SuvarnaTeja]

I expect the state of Maharashtra to become a $1 Trillion economy by (or perhaps before) 2030

 

[jamahir]

One of those threads. Now I will sleep with a laugh.