Indian economy grows 7.5 pct year-on-year in March quarter; by 7.3 pct in 2014/15- New data out

[Quibbler]

NEW DELHI (Reuters) - India's economic growth accelerated to 7.5 percent in the three months through March from a revised 6.6 percent in the previous quarter, government data showed on Friday.

Analysts polled by Reuters had forecast annual growth of 7.3 percent in the quarter.

For the 2014/15 fiscal year ending in March, growth came in at 7.3 percent compared with an earlier official estimate of 7.4 percent. Growth was 6.9 percent in 2013/14.

 

[Chinese-Dragon]

So by the quarterly data, India is the fastest growing major economy in the world.

Thanks for taking the global media attention off our shoulders, and good luck with that.

 

[Bobby]

So by the quarterly data, India is the fastest growing major economy in the world.

Thanks for taking the global media attention off our shoulders, and good luck with that.

China is way ahead from India....no need to compare with India....

 

[ito]

For last three quarters India grew above 7.3%. Good sign that Indian economy is rebounding

 

[The Great One]

China is way ahead from India....no need to compare with India....

It started its reform process 13 years before India. Also the peak of its growth was reached during the era global liquidity just before the 2007 recession. So we are not doing very bad in comparison and yes we can be compared.

 

[Chinese-Dragon]

China is way ahead from India....no need to compare with India....

China is a developing country too.

Hopefully we will be able to keep a low profile in the global media for 10 more years, at least.

It will take at least 10 more years for our current stage of economic/military transition to be somewhat complete. Until then we are still vulnerable.

India at its current stage of development should be pushing for higher growth numbers. Just be aware of the increased media attention, which as per the global media trends is usually in a negative tone (bad news sells better than good news).

 

[IND151]

NEW DELHI (Reuters) - India's economic growth accelerated to 7.5 percent in the three months through March from a revised 6.6 percent in the previous quarter, government data showed on Friday.

Analysts polled by Reuters had forecast annual growth of 7.3 percent in the quarter.

For the 2014/15 fiscal year ending in March, growth came in at 7.3 percent compared with an earlier official estimate of 7.4 percent. Growth was 6.9 percent in 2013/14.

Very Good News

 

[Pulsar]

So by the quarterly data, India is the fastest growing major economy in the world.

Thanks for taking the global media attention off our shoulders, and good luck with that.

All this growth rate stuff is bullshit! Nothing has changed on ground. One fukin' kg of mutton still cost Rs 500 and the price of tomatoes and eggs are going through the roof! So what happens to the poor? What do they eat? Grass? Even that's getting in short supply.

The bottom line is the rich are getting richer, the poor poorer. Growth rates are for the corporates and the rich, not for the ordinary souls. And until this is reversed, even a 12% growth rate will mean zilch to the ordinary Indian.

 

[PatriotLover]

All this growth rate stuff is bullshit! Nothing has changed on ground. One fukin' kg of mutton still cost Rs 500 and the price of tomatoes and eggs are going through the roof! So what happens to the poor? What do they eat? Grass? Even that's getting in short supply.

The bottom line is the rich are getting richer, the poor poorer. Growth rates are for the corporates and the rich, not for the ordinary souls. And until this is reversed, even a 12% growth rate will mean zilch to the ordinary Indian.

Hindu vedic growth? Hindu veggies can eat grass.

 

[SrNair]

So by the quarterly data, India is the fastest growing major economy in the world.

Thanks for taking the global media attention off our shoulders, and good luck with that.

I dont think so CD.You cant escape from World Media attention.For West you are the long term rival.
China is way ahead than us in economy and other fields.
So Good luck with that.

 

[PatriotLover]

China is a developing country too.

Hopefully we will be able to keep a low profile in the global media for 10 more years, at least.

It will take at least 10 more years for our current stage of economic/military transition to be somewhat complete. Until then we are still vulnerable.

India at its current stage of development should be pushing for higher growth numbers. Just be aware of the increased media attention, which as per the global media trends is usually in a negative tone (bad news sells better than good news).

So all said and done, will China be teaming up with India? Like maybe open banks. Oh yes, you guys already do that. Well maybe join military training? Oh yes you guys already do that. Joint economic projects? Oh yes, you guys already do that. Will China take up vedic yoga? Oh yea, you guys already do that. Hmm.

 

[The Great One]

Hindu vedic growth?

Still faster than the, 'fastest muslim economy'. Don't forget to return the interest you recieved for your bank deposit. May not get the 72 virgins after all.

 

[PatriotLover]

Still faster than the, 'fastest muslim economy'. Don't forget to return the interest you recieved for your bank deposit. May not get the 72 virgins after all.

Again you compare with Pakistan.

 

[The Great One]

Again you compare with Pakistan.

Compare it with anyone.
The new global economy - CNNMoney

 

[PatriotLover]

Compare it with anyone.
The new global economy - CNNMoney

So poor India is finally growing! Wow you must be so happy!