Indian economy barely grew 5 percent in last fiscal, 5.5 for this year.

[kawaraj]

The Reserve Bank of India (RBI) on Friday warned that the Indian economy would grow by 5.7% in 2013-14 — up from 5% in the previous year — and a more robust and sustained recovery in the broader economy would critically depend on improvement in governance and removal of structural


bottlenecks.
“Recent monetary policy action, by itself, cannot revive growth. It needs to be supplemented by efforts towards easing the supply bottlenecks, improving governance and stepping up public investment, alongside continuing commitment to fiscal consolidation,” RBI said.

Headline wholesale prices-based inflation, which hit a 40-month low of 5.96% in March, could stay close to 5.5% during 2013-14, the central bank said in its monetary policy review.

“During 2013-14, economic activity is expected to show only a modest improvement over last year, with a pick-up likely only in the second half of the year,” the RBI said.

India’s factory output crawled at 0.6% in February as firms, hit by shrinking demand, produced less.
India’s current account deficit (CAD) has soared to a record of 6.7% of GDP, the report said. A widening CAD effectively means that India is buying more from the rest of the world.

“The outlook for industrial activity remains subdued, with the pipeline of new investment drying up and existing projects stalled by bottlenecks and implementation gaps. With global growth unlikely to improve significantly from 2012, growth in services and exports may remain sluggish. Accordingly, the baseline GDP growth for 2013-14 is projected at 5.7 %,” it said.

Growth hinges on better governance - Hindustan Times

I don't see this growth is any better than us. So time to stop hype on your economic miracle.

 

[livingdead]

Growth hinges on better governance - Hindustan Times

I don't see this growth is any better than us. So time to stop hype on your economic miracle.

what is your growth rate in those two years?

 

[scorpionx]

what is your growth rate in those two years?

Report card: Pakistan may miss growth target for fifth year in a row – The Express Tribune

Pakistan will miss growth target set for the current financial year, the fifth consecutive year, and the sluggish pace of economy will continue for at least two more years, according to a World Bank report, indicating a rise in unemployment.
The Global Economic Prospects Report 2013, released on Wednesday, says Pakistan’s economy is expected to grow at a rate of 3.8%, half percentage point below the target of 4.3% set for fiscal year 2012-13 ending June 30.
The report comes at a time when Pakistan is readjusting its macroeconomic framework during ongoing talks with the International Monetary Fund to pave the way for a fresh bailout programme. Both sides have already wrapped up technical-level talks and are gearing up for policy dialogue.
The World Bank says growth in Pakistan, the second largest economy in South Asia, remained broadly stable if compared with last year’s growth of 3.7%. However, the country is clubbed with Nepal that is projected to grow 3.8%. Even Sri Lanka at 6.1% and Bangladesh at 5.8% are projected to hit growth rates far higher than that in Pakistan.

 

[farhan_9909]

pakistan growth could be around 4% this year

few years before pak growth was 2% while india 8%

today the difference is less than 2%.

imagine under Imran khan..we can easily surpass india in economic growth

 

[rashtriya.rifles]

pakistan growth could be around 4% this year

few years before pak growth was 2% while india 8%

today the difference is less than 2%.

imagine under Imran khan..we can easily surpass india in economic growth

first get him elected then u can dream on son !

 

[ares]

Growth hinges on better governance - Hindustan Times

I don't see this growth is any better than us. So time to stop hype on your economic miracle.

India's average growth rate in last 5 FY is 7.5%.
Pakistani average growth rate during the same period remains less than 3%.

Indian economy is expect to grow around 6% this year.

IMF says India to grow at 5.9 pc in 2013

http://articles.economictimes.india...ent-gdp-growth-cent-expansion-economic-growth


While pakistani economy is expected to grow around 3.5 to 4%.

On top of it Indian economy more than eight times Pakistani economy...So it is not really a hype.

 

[farhan_9909]

first get him elected then u can dream on son !

he's already selected.

elections and his participations are more of an formality only

India's average growth rate in last 5 FY is 7.5%.
Pakistani average growth rate during the same period remains less than 3%.

Indian economy is expect to grow around 6% this year.

IMF says India to grow at 5.9 pc in 2013

http://articles.economictimes.india...ent-gdp-growth-cent-expansion-economic-growth


While pakistani economy is expected to grow around 3.5 to 4%.

On top of it Indian economy more than eight times Pakistani economy...So it is not really a hype.



India's average growth rate in last 5 FY is 7.5%.
Pakistani average growth rate during the same period remains less than 3%.

Indian economy is expect to grow around 6% this year.

http://tehelka.com/imf-says-india-to-grow-at-5-9-pc-in-2013/

http://articles.economictimes.indiatimes.com/2013-04-18/news/38647126_1_cent-gdp-growth-cent-expansion-economic-growth


While pakistani economy is expected to grow around 3.5 to 4%.

On top of it Indian economy more than eight times Pakistani economy...So it is not really a hype.

show me a chart of average indian growth rate of last 7 years to be 7.5% while pakistan 3%
or any proof for this.

because somewhere i had read that average growth rate of pakistan from 2001-2011 was 4.6%

 

[Infinity]

Bhutan & Srilanka have more growth rate than India..................But look at the size of Indian economy................Can you reach there....................For that you should have 100% growth rate......................

 

[kawaraj]

Report card: Pakistan may miss growth target for fifth year in a row – The Express Tribune

Pakistan will miss growth target set for the current financial year, the fifth consecutive year, and the sluggish pace of economy will continue for at least two more years, according to a World Bank report, indicating a rise in unemployment.
The Global Economic Prospects Report 2013, released on Wednesday, says Pakistan’s economy is expected to grow at a rate of 3.8%, half percentage point below the target of 4.3% set for fiscal year 2012-13 ending June 30.
The report comes at a time when Pakistan is readjusting its macroeconomic framework during ongoing talks with the International Monetary Fund to pave the way for a fresh bailout programme. Both sides have already wrapped up technical-level talks and are gearing up for policy dialogue.
The World Bank says growth in Pakistan, the second largest economy in South Asia, remained broadly stable if compared with last year’s growth of 3.7%. However, the country is clubbed with Nepal that is projected to grow 3.8%. Even Sri Lanka at 6.1% and Bangladesh at 5.8% are projected to hit growth rates far higher than that in Pakistan.

Thanks for the input.

"us" mean Pakistan, Bangladesh, Sri Lanka and similar peers. India's growth is not any better than us, even worth than BD and SL.

 

[notsuperstitious]

Lets not make stupid comparisons.

For India growth rate of 8% will ensure reduction in poverty and improvement in HDI. We need to get there, but the biggest challenge is governance.

I hope pakistan also know their targets and wish them luck achieving it. But if you wish to make fun of india when your own rates are worse then ours, then wish you look too.

 

[kawaraj]

Lets not make stupid comparisons.

For India growth rate of 8% will ensure reduction in poverty and improvement in HDI. We need to get there, but the biggest challenge is governance.

I hope pakistan also know their targets and wish them luck achieving it.

Appreciate your olive branch. Our major problem is this stup1d war, we also share some common issue as corruptions etc.

 

[Sickular Gandhi]

As always Di ck measuring contest is on.

I don't know why people are dragging Pakistan and host of other countries in thread concerning India.

 

[ares]

he's already selected.

elections and his participations are more of an formality only



show me a chart of average indian growth rate of last 7 years to be 7.5% while pakistan 3%
or any proof for this.

because somewhere i had read that average growth rate of pakistan from 2001-2011 was 4.6%

India's GDP Numbers in Past Five Financial Years | TheFinanceConcept


"The last five years have seen economic growth slowing to an average of three percent per annum."

Fragile economy remained tottering during last 5 years

 

[EagleEyes]

Imran is already selected? That is a news bro.
@farhan_9909

 

[ares]

pakistan growth could be around 4% this year

few years before pak growth was 2% while india 8%

today the difference is less than 2%.

imagine under Imran khan..we can easily surpass india in economic growth

Imran Khan is not a miracle worker...that 'if' and ' when' he gets elected ..he will immediately bump Pakistan's growth by 2-3 %.

Growth rate(after an economy reaches a certain size)..is like a heavy train..it takes time to build up momentum ..similarly once it gains momentum ..it takes time to slow down.

Besides what are Imran Khan's economic qualifications, that you expect him to work miracles on your economy?...And do things your other (much more qualified) finance ministers could not do?