Indian Economy - News & Updates - Archive

[Owais]

Economical zone to be established at LoC: Kalam

SRINAGAR: Indian President Abdul Kalam has announced a four-points Peace Plan for Occupied Jammu & Kashmir, which includes establishment of an economical zone near Line of Control (LoC).

Addressing a state assembly meeting, Kalam said prevalence of peace was a vital element for the progress of Kashmir, while asking security forces to get citizens involved in order to stop militant activities in the valley.

Kalam's plan includes: establishment of an economical zone near LoC, social reconstruction for progress in sensitive areas, elimination of militancy, and security of citizens.

 

[desimorty]

More people die from road accidents then aids. And i just made the figures up so it might be true. Those people that got aids probabily aren't contributing to India. If India chooses to fight AIDS it has to start with handing out free condoms which it already does but unfortunatly there being used for other domestic purposes and the other thing they need to do is blow up ALL the RED LIGHT DISTRICTS! India needs to take a Commie apporach to this and just jail all the hookers, and madams for life in some mining facility(Mining facility is my idea!). And for gods sake LEGALIZE **** NOW! It reduces the need for hookers and even reduces murders and rapes...according to the Japanese. I trust the Japanese. Besides the only known form of population control in India is a free condom and a bollywood flick which actually works.

 

[sigatoka]

1. More people die from road accidents then aids. And i just made the figures up so it might be true.

2. Those people that got aids probabily aren't contributing to India. If India chooses to fight AIDS it has to start with handing out free condoms which it already does but unfortunatly there being used for other domestic purposes and the other thing they need to do is blow up ALL the RED LIGHT DISTRICTS!

3. India needs to take a Commie apporach to this and just jail all the hookers, and madams for life in some mining facility(Mining facility is my idea!).

4. And for gods sake LEGALIZE **** NOW! It reduces the need for hookers and even reduces murders and rapes...according to the Japanese. I trust the Japanese.

5. Besides the only known form of population control in India is a free condom and a bollywood flick which actually works.

1. Whats your point?

2. Why dont we say the same thing about people with malaria, T.B. or even the old people? Why dont we blow them all up as well?

3. That could drive prostitution further underground (forgiv the pun) and might be difficult to monitor hygene and standards. (to prevent spread of disease)

4. Association does not prove causation. The wife asked husband how to make her breasts bigger. He said rub it with toilet paper. After few days, she said it wasnt working and y husband recommended it? Husband says it worked for her arse over the years. Husband mistook association for causation.


5. It hasnt worked for a simple reason. Condoms will lower births if people WANT less children. A better way to lower population growth is to raise incomes (of women). This increases the opportunity cost of having children and thus over time lowers population growth. (p.s. this is not simple association, its been proven to causative by economists unlike your stupid **** example)

 

[Jay_]

Those people that got aids probabily aren't contributing to India.

Unfortunately, a lot of people get aids due to the nature of their work, case and point truck drivers.

If India chooses to fight AIDS it has to start with handing out free condoms which it already does but unfortunatly there being used for other domestic purposes and the other thing they need to do is blow up ALL the RED LIGHT DISTRICTS!

You cannot abolish adultery, it has been here from Adam and Eve.

Besides the only known form of population control in India is a free condom and a bollywood flick which actually works.

Yes it does, also there is a stron need to educate the people. Only then any positive social change is possible.

 

[desimorty]

If road accidents don't hit growth then why should aids? If you get AIDS its you bloody damn fault! So we should close all the prostitution rings even if they move further underground because that way they have less room for prostitutes and less business! Prostitution goes hand in hand with slavery. So don't tell me it can get worse when its already at its worse.
Condoms do work. So does porngraphy. The Japanese have noticed reduced rape thanks to it and the internet for being an outlet for serial rapist.

 

[Jay_]

If road accidents don't hit growth then why should aids? If you get AIDS its you bloody damn fault!

These are people who are contributing for the economy. Also the govt will be spending money on them for their treatment, lose in productivity etc etc. This is the same reason why govt wants to eradicate TB, Malaria etc.

So we should close all the prostitution rings even if they move further underground because that way they have less room for prostitutes and less business!

Its not possible. Are you going to do door to door searches 24/7/365 days? Who is going to enforce it? Police already have their hands full with L&O.

Prostitution goes hand in hand with slavery. So don't tell me it can get worse when its already at its worse.

It will get much worse.

Condoms do work. So does porngraphy. The Japanese have noticed reduced rape thanks to it and the internet for being an outlet for serial rapist.

A hooker is as cheap as a DVD in India **** cannot replace sex.

 

[desimorty]

Its not possible. Are you going to do door to door searches 24/7/365 days? Who is going to enforce it? Police already have their hands full with L&O.

Whats the point of having law enforcement agencies if they don't enforce the LAW! What else is the police doing besides protecting Salman Khan and taking bribes?

Porngraphy may not stop all prostitution but it will slow bring it WILL reduce it. Plus perhaps tourists won't have to put up with so many old horny men.

 

[Neo]

India 'needs huge services boost'

Firms want India to boost its spending on roads, ports and railways

India needs to invest $331bn (£173bn) on infrastructure over the next five years if it wants to maintain its rapid economic growth, a study suggests.

Research for the Confederation of Indian Industry (CII) found India needed to spend 8% of its gross domestic product on new infrastructure.

The CII said India was spending much less on services like roads and ports than China and other Asian countries.

India's economy is currently growing an annual rate of just over 8% a year.

But experts have warned that this growth will slow if the country cannot build enough new roads, ports, airports and power stations.

The CII said that India was expected to spend about $47bn on infrastructure in the fiscal year to March 2007, a figure which needs to be doubled to $84bn a year by 2012.
The industry body added that an investment strategy needed to be drawn up between the government, regional states and the private sector.

http://news.bbc.co.uk/2/hi/business/5250752.stm

 

[Neo]

By Sanjoy Majumder
BBC News, Delhi

India needs to boost its spending on roads, ports and railways

India is one of the World Bank's largest borrowers receiving some six per cent of loans, grants and credits in 2006, the donor agency has said.

South Asia continues to be one of the major recipients of World Bank money accounting for $3.8bn this past year.
Both India and Pakistan figure in the top ten largest borrowers.
The latest figures come as a study warns that India must spend a lot more on building its infrastructure if it is to compete with other Asian economies.

India is one of the world's fastest growing economies and in the past few years has made impressive strides in manufacturing as well as in the area of business services, including outsourcing.
Despite this, the country is still a major recipient of international aid.

Over the past year, it received $1.4bn from the World Bank's two close affiliates - the International Bank for Reconstruction and Development and the International Development Association making it one of its top ten borrowers.
Pakistan's share was a little higher at nearly $1.5bn.

Infrastructure

Much of the money is being spent on building infrastructure as well as improving the quality of education and health, especially in rural areas.

A report that has just been released by a top Indian industry body - the Confederation of Indian Industry (CII) - says that India needs to spend $331bn over the next five years on infrastructure such as roads, ports and power plants if it is to compete with other economic giants such as its Asian rival, China.
"While China spent 10.6% of GDP, India's capital spend on infrastructure was below 4% in 2003," the report says.
"The disparity was even more stark in absolute figure terms, with China spending $150bn on infrastructure against India's $21bn." The study recognises that India can no longer depend on the government for money and that the funds will have to be generated from other sources, including private industry and international donors.

 

[ab041937]

India to be the third largest economy in 2050

GDP(nominal) - $27,235 Bln
GDP per capita (nominal) - $17011

http://www2.goldmansachs.com/hkchina/insight/research/pdf/BRICs_3_12-1-05.pdf

 

[Neo]

Thanks for the link Ab! :smile:

 

[ab041937]

Indian economy grows by 10.1% in the first Quarter of 2006.
Industrial output at 9.6%

AUG. 11 6:54 A.M. ET India's industrial production expanded 9.6 percent in June from a year ago, taking the fiscal year's first quarter growth to 10.1 percent, the government said Friday, suggesting the momentum seen in the past year was continuing.

The growth came on the back of sustained domestic demand and a surge in exports, although many had feared rising oil prices and interest rates could slow the economy.

Among industries, manufacturing output grew 11.2 percent in June compared with 13.2 percent in the same month a year ago. Mining production expanded 4.3 percent in June from last year, while electricity generation was up 7.7 percent.

For the April-June period, the fiscal year's first quarter, manufacturing growth was estimated at 11.2 percent.

Analysts said the industrial sector will likely sustain this growth given the huge investments businesses have made in expanding production capacities in recent months.

As the new capacities are put to use, industrial growth could even accelerate in the coming months, said Mahesh Vyas at the Center for Monitoring Indian Economy, a leading private forecasting agency.

The data boosted sentiments in the stock market.

The benchmark index of the Bombay Stock Exchange, the Sensex, rose 43 percent, or 0.4 percent, to 11,192 points, after slipping in early trade because of a warning by the U.S. Embassy that terror groups were planning fresh attacks in New Delhi and Bombay.

The industrial production followed robust quarterly earning reports from Indian companies, which have helped the stock market recover from the plunge it suffered in May and June amid global concerns over interest rates and oil price.

The impressive growth in industrial output, coupled with prospects of a good agricultural harvest because timely rains, will likely help the broader economy maintain the momentum seen in recent years.

The Indian economy has averaged 8.1 percent annual growth over the past three years, making it one of the fastest growing in the world.

 

[Neo]

India unlikely to meet MDG targets: ADB


The Asian Development Bank on Wednesday said India, despite making significant improvement in access to primary education, will not meet the Millennium Development Goal (MDG) targets as in the case of other countries in the Asia Pacific region.

ADB in its annual statistical publication, Key Indicators 2006 said the MDG targets for universal primary enrollment and a two-thirds reduction in child mortality were unlikely to be met unless governments rapidly intensified efforts to improve basic education and access to primary health care for the poor.

The multilateral funding agency said India along with Bangladesh had made significant progress in improving access to primary schooling but concerns remained regarding the quality to basic education and inequalities in enrolment rates.

It also said India was in danger of falling short of the target to reduce the under-five child mortality rate to two-thirds of 1990 levels by 2015. ADB put Cambodia, Pakistan and several Central Asian republics in the same category as India, which were unlikely to meet the target.

Commenting on the findings, ADB economist and author of the report Ajay Tandon said policies aimed at reducing inequalities in health and education needed to be based in careful, evidence-based analysis of the constraints at the country level.

He said in many countries inequalities were exacerbated by public spending that supports better-off segments of society, such as tertiary education but does little to help the poor.

http://www.hindustantimes.com/news/181_1769701,0002.htm

 

[Tiki Tam Tam]

Neo,

All this statistics is a whole lot of bull.

If only it helped the common man around the world.

 

[Neo]

Neo,

All this statistics is a whole lot of bull.

If only it helped the common man around the world.

Sir,

I posted it since its coming from a respectable source, the ADB.