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

[Indos]

As per IMF, India real growth was 8.9%, higher than 8.7% I posted.

??????????????????????????

IMF hasnt posted GDP for Q 1 2022 for any nation

What they do is just making projection for 2022 and 2023 which is for India case the deviation is quite large despite made in April 2022.

Just wait for their official number which will not be in any different with 4.1 % for Q 1 data (Current price GDP- inflated with inflation ) that is posted in media.

 

[Jugger]

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

You are right, indians are everywhere, so almost the entire world is biased towards India.
Cry me a river....!

 

[pikkuboss]

??????????????????????????

IMF hasnt posted GDP for Q 1 2022 for any nation

What they do is just making projection for 2022 and 2023 which is for India case the deviation is quite large despite made in April 2022.

Just wait for their official number which will not be in any different with 4.1 % for Q 1 data (Current price- inflated with inflation ) that is posted in media.

4.1% for Q4 I accept that. We had overall 8.7% growth overall in last FY. Let's move on to next quarter and next FY projection. I IMF projected 8.2% growth for India in calendar year 2022. Let's see what happens.

??????????????????????????

IMF hasnt posted GDP for Q 1 2022 for any nation

What they do is just making projection for 2022 and 2023 which is for India case the deviation is quite large despite made in April 2022.

Just wait for their official number which will not be in any different with 4.1 % for Q 1 data (Current price GDP- inflated with inflation ) that is posted in media.

Current price is avarage of the whole financial year. It's not like current price means today's price.

India had Currency avarage of 74.5 rupees per dollar. India's nominal GDP in rupee terms is 236.7 trillion rupees at the end of 31st March, 2022. Convert it with currency avarage of the same period, we get 236.7/74.5= $3.18 Trillion nominal GDP at the end of March 22.

IMF also estimates Indian GDP to be $3.535 Trillion at end of Calendar year 2022.

 

[lightoftruth]

UPDATE Q1 Data 2022

1. Saudi Arabia GDP growth : 9.6 %
2. Philipine GDP growth : 8.3 %
3. Vietnam GDP growth : 5.03 %
4. Indonesia GDP growth : 5.01 %
5. Malaysia GDP growth : 5 %
6. China GDP growth : 4.8 %
7. India GDP growth : 4.1 %
8. Singapore GDP growth : 3.4 %
9. Thailand GDP growth : 2.2 %

The number is still inflated with inflation as well

How can there be a Q1 data for FY22 when Q1 is still not over ?

For India it was Q4 with overall GDP growth rate of 8.7% ,why so salty ?

 

[Indos]

You are right, indians are everywhere, so almost the entire world is biased towards India.
Cry me a river....!

Why do I need to cry ???

It is just an analyst where Q1 2022 is very important as a base for at least 1-2 years ahead. As the external economic situation is rather changing from previous Covid years. Note to remember many countries vulnerability due to high debt during Covid years (2020-2021), and now we see US Federal Reserve tightening policy, high energy and commodity prices, inflation etc etc

This period will show nation strength in facing this challlenge, nations that previously dont have prudent fiscal policy by having large budget deficit will face harder blow and also nations with large agriculture sector will be better in handling food inflation that effect many low income people in every nations.

How can there be a Q1 data for FY22 when Q1 is still not over ?

For India it was Q4 with overall GDP growth rate of 8.7% ,why so salty ?

We don use Indian fiscal period, Q 1 in there is January-March 2022 data ( for Indian case is Q4)

What salty ??? Just amaze with Indian members stubborness, now once again bring 8.7 % data which is based on 1 full year fiscal period that is propelled by low base 2020 contraction of 6.6%

Q1, Q2, Q3 number for Indian economy is not news anymore, we alll know that, Q 4 that is news

 

[lightoftruth]

We don use Indian fiscal period, Q 1 in there is January-March 2022 data ( for Indian case is Q4)

What salty ??? Just amaze with Indian members stubborness, now once again bring 8.7 % data which is based on 1 full year fiscal period that is propelled by low base 2020 contraction of 6.6%

Q1, Q2, Q3 number for Indian economy is not news anymore, we alll know that, Q 4 that is news

Right you don't use it, we do and its our GDP not yours.

So point being ? it is still 8.7% growth and expected to hit 8.2 % next fiscal ,these are facts.

How is this being stubborn ?, it's you being idiotically stuck on being salty against Indian economy (Indian bias shit).

News is we grew at 8.7% last fiscal and expected to grow at 8.2% in the next, i won't be surprised if we hit Double digits.

Govt expenses increases with elections, expect faster GDP Growth.

 

[Cheepek]

What Lie ???? If we compare nations, it should be based on the same parameter. I think it is you that try to make another spin. We know India uses unusual period for their fiscal period, but when IMF make comparison between nation, they will surely use the general period ( Jan-December ) which is easy to make for India as the months in each quarter is basically the same like regular Q1 is Jan-March and India Q 4 is also Jan-March.

See APRIL 2022 PROJECTION

View attachment 849901


All nations use current price GDP when they release the GDP growth to the media

Only Indian that can be easily fooled by their media when the media talked about real GDP (which is in Indian media term is actually " not projection" GDP )

Go see Indian media that try to compare other nation GDP

This is the comparison between nations

UPDATE Q1 Data 2022

1. Saudi Arabia GDP growth : 9.6 %
2. Philipine GDP growth : 8.3 %
3. Vietnam GDP growth : 5.03 %
4. Indonesia GDP growth : 5.01 %
5. Malaysia GDP growth : 5 %
6. China GDP growth : 4.8 %
7. India GDP growth : 4.1 %
8. Singapore GDP growth : 3.4 %
9. Thailand GDP growth : 2.2 %

The number is still inflated with inflation as well


View attachment 849906

Appears to me you have trouble comprehending English, so I've taken help from Google Translator. Hope your willful ignorance is fixed.
However not holding my breath on it.

Tidak ada parameter "berbeda" untuk India.

Ini disebut tahun keuangan. Negara dapat memiliki tahun keuangan yang berbeda.

India bukan satu-satunya negara yang memiliki tahun keuangan April-Maret.

Ada negara lain juga, dan IMF memperhitungkan semua negara tersebut.

IMF telah memperkirakan pertumbuhan untuk India (dan negara-negara lain dengan tahun keuangan yang berbeda) dari tahun sekarang.

Coba baca laporan IMF sekali-sekali.

Hanya karena kamu lahir dari rahim ibumu tahun lalu, jangan kaget.

Mungkin mencoba tumbuh dewasa daripada berdebat sia-sia seperti pecundang yang sakit.

There is no "different" parameter for India.

It's called a financial year. Countries can have different financial years.

India is not the only country that has a April-March financial year.

There are other countries too, and IMF takes account of all such countries.

IMF has been forecasting growth for India (and other countries with different financial year) from years now.

Try reading IMF's reports once a while.

Just because you took birth from your mother's womb just last year, don't be surprised.

Probably try growing up instead of arguing pointlessly like a sore loser.

 

[pikkuboss]

Appears to me you have trouble comprehending English, so I've taken help from Google Translator. Hope your willful ignorance is fixed.
However not holding my breath on it.

Tidak ada parameter "berbeda" untuk India.

Ini disebut tahun keuangan. Negara dapat memiliki tahun keuangan yang berbeda.

India bukan satu-satunya negara yang memiliki tahun keuangan April-Maret.

Ada negara lain juga, dan IMF memperhitungkan semua negara tersebut.

IMF telah memperkirakan pertumbuhan untuk India (dan negara-negara lain dengan tahun keuangan yang berbeda) dari tahun sekarang.

Coba baca laporan IMF sekali-sekali.

Hanya karena kamu lahir dari rahim ibumu tahun lalu, jangan kaget.

Mungkin mencoba tumbuh dewasa daripada berdebat sia-sia seperti pecundang yang sakit.

Heck even the US which is considered as the base for global economic activities has a fiscal year starting 1st October to 30th September.

UK - 1st April to 31st March

 

[LakeHawk180]

It is just an analyst where Q1 2022 is very important as a base for at least 1-2 years ahead. As the external economic situation is rather changing from previous Covid years. Note to remember many countries vulnerability due to high debt during Covid years (2020-2021), and now we see US Federal Reserve tightening policy, high energy and commodity prices, inflation etc etc

This period will show nation strength in facing this challlenge, nations that previously dont have prudent fiscal policy by having large budget deficit will face harder blow and also nations with large agriculture sector will be better in handling food inflation that effect many low income people in every nations.



We don use Indian fiscal period, Q 1 in there is January-March 2022 data ( for Indian case is Q4)

What salty ??? Just amaze with Indian members stubborness, now once again bring 8.7 % data which is based on 1 full year fiscal period that is propelled by low base 2020 contraction of 6.6%

Q1, Q2, Q3 number for Indian economy is not news anymore, we alll know that, Q 4 that is news

Does it hurt? It shouldn’t. India is a big country with an even bigger talent pool compared to Indonesia.

Anyway, some more reporting.

Govt pegs India's FY22 GDP growth at 8.7%; Here are the key highlights

The Indian economys growth moderated to 4.1% on an annual basis in the last quarter of the previous fiscal while the growth rate for FY22 has been pegged at 8.7%, government data showed on Tuesday. Here are some key highlights.

m.economictimes.com

Indian economy grew at 8.7 per cent in FY22

GDP grew 8.7 per cent in FY2021-22 against a contraction of 6.6 per cent in the previous fiscal, according to the government data.

www.indiatoday.in

 

[hydrabadi_arab]

Looks like this FY GDP growth for India will be 5% if Q1 numbers are anything to go by.

 

[pikkuboss]

Looks like this FY GDP growth for India will be 5% if Q1 numbers are anything to go by.

This is Q4 data not Q1

 

[damiendehorn2]

For clarification and recap india's financial period is 1st April to 31 March. So the following occurred:

1. India's GDP for the financial year 2020-2021, which is calculated from the 1st April 2020 to 31st March 2021 CONTRACTED by 6.6% (according to the RBI revised update and mainly due to covid).

2. India GDP grew by 8.7% for the financial year 2021-2022 (according to latest RBI figures), which is calculated from the 1st April 2021 to 31st March 2022 (mainly due to the low base effect). The IMF initially predicted the 2021-2022 growth for india to be 12.5% then revised it down to 9.5% and then again revised down to 9%.

3. The IMF projects india's GDP to grow at 8.2% for the financial year 2022-2023.

So what can be deduced is that the IMF has been rather generous (at least for this financial period) when calculating predicted figures for india's GDP and that india has barely recovered to its 2019 figures. Also what confidence can we have in the IMF projections for 2022-2023?

 

[damiendehorn2]

Right you don't use it, we do and its our GDP not yours.

So point being ? it is still 8.7% growth and expected to hit 8.2 % next fiscal ,these are facts.

How is this being stubborn ?, it's you being idiotically stuck on being salty against Indian economy (Indian bias shit).

News is we grew at 8.7% last fiscal and expected to grow at 8.2% in the next, i won't be surprised if we hit Double digits.

Govt expenses increases with elections, expect faster GDP Growth.

You forget your economy contracted in the last fiscal year (2020-2021) by 6.6% and a growth of 8.7% hardly even make up for that. The 8.2% predicted growth was prior to the effects of increased oil prices and expected downturn in the world economy. Double digit, what are you on?

 

[KediKesenFare3]

The Indian GDP grew 4.1% year-on-year in the first three months of 2022.

A rather weak figure for an underdeveloped large country like India.

 

[Bilal9]

Just look on IMF projection which is published in April 2022....That is general fiscal year ( Jan-December 2022, and Jan-December 2023)

LOL energy and commodity prices have been on the rise since second semester of 2021, and Russia invasion is started in February, lol even March we have seen spike in oil, gas, coal, palm oil, prices

So they dont factor those things, seems has personal bias and not professional, only admit it after the real growth appears......

If we understand the political context, that early 2022 is the election in India.... @Bilal9

All fudged propaganda numbers any way possible to "fool" Modi's electorate, and judging by his re-elections again and again, looks like propaganda and fudging of economic indicators is working.

I had no idea some Indian people are this dumb and gullible...