Indian Economy-News & Updates

[IndoCarib]

outdated! 2011

"The latest report for the year 2011-12, released by Labour Bureau (under Union Ministry of Labour and Employment) here said Daman and Diu and Gujarat had unemployment rates of 0.6 per cent and 1 per cent respectively."

It is for 2011 -2012 fiscal. Now use all your IQ and try to understand the term 'fiscal' !

 

[CZAR]

That's all inflation.
By your definition, Zimbabwe should have the wealthiest individuals in the world since their wealth in domestic currency increased multiple times.

Measure Indian 'wealth' by US dollars and you will realise India got poorer as your currency collapsed.

Indian 'wealth' is rising in rupees for the same reason your stock market is rising, all INFLATION due to currency collapse.

Currency collapse make you poorer, inflation gives you the illusion of 'wealth' as you have higher/bigger numbers. To noob Indians, you will not understand this. Because of your ignorance is the main reason your economy is going down the drain.

Indian economy is a basket case with high inflation, high deficits, high debt, low growth, current account deficits, currency collapse, etc.
Most African economies have better fundamentals than the Indian economy.

This is the problem with economics these days. Throw in a twisted logic with some jargon and almost anyone can get away with "analysis".

For starters, its only a problem IF you don't have a solution.

You mentioned a range of problems. Indian inflation rates have lowered recently, with the RBI also holding rates to avoid the infusion of liquidity to maintain a downward pressure on the inflation rates.

As for high deficits - fiscal consolidation has been high on the agenda of the new Finance Minister. Revenue from initiatives in the telecom space such as auctioning of the recently canceled licenses is likely to help. Also, with the markets doing well - the govt's disinvestment program is also likely to yield results. Meanwhile, there is also added pressure by the govt to act against unnecessary subsidies on petroleum products to lower the subsidy burden on the govt's books.

As for high debt - a large chunk of it is rupee dominated. Large Public Sector Banks have bought a large share of govt bonds. Net effect is - govt owes itself the money. This debt is not exposed to forex volatility.

Low growth - even if one were to go by the lowest GDP growth rate estimate of 4.9% for this fiscal - India would still be among the top performers in the trillion plus club.

Currency Collapse - when rupee fell from 45 levels to 55 levels - in your infinite wisdom you guys predicted a fall to 90. Instead the rupee has stabilized around 54 to a dollar, with inflows lending strength to the currency.

India, has a suffered a setback, at the hands of its incompetent leadership and global headwinds. But you just make a mockery of yourself in googling some cheap stats in flimsy attempts to write off india. One would assume that big ticket investors in India would have access to more sophisticated models of prediction than google.

 

[KRAIT]

^ They will say same thing about your "analysis".

You gave them counter argument in first line itself.

 

[CZAR]

^ They will say same thing about your "analysis".

You gave them counter argument in first line itself.

I am not arriving at any conclusion, hence not offering any analysis. I am merely stating some very obvious facts, for some perspective.

 

[shuttler]

"The latest report for the year 2011-12, released by Labour Bureau (under Union Ministry of Labour and Employment) here said Daman and Diu and Gujarat had unemployment rates of 0.6 per cent and 1 per cent respectively."

It is for 2011 -2012 fiscal. Now use all your IQ and try to understand the term 'fiscal' !

I am fine. yours is worrying

dont you have your quarterly release!?!

2011-2012 is already outdated. Now is November 2012. How many quaters have past in the fiscal year since the last?

 

[IndoCarib]

I am fine. yours is worrying

dont you have your quarterly release!?!

2011-2012 is already outdated. Now is November 2012. How many quaters have past in the fiscal year since the last?

It is a annual report. From 9.8% in 2011, the rate has come down to 3.8% in 2012.

 

[kkacer]

India's unemployment rate stood at 3.8% last fiscal

India's unemployment rate stood at 3.8% last fiscal - Economic Times

3.8% big mouth fake india data

 

[IndoUS]

Chandigarh is where the news agency got the news from, just like when you go to Reuters and any news from China says Beijing.

 

[kkacer]

India unemployment is over 10% in 2009 by CIA, USA

Are you holding cash or investing in stocks currently? - The 5 Minute WrapUp by Equitymaster

India government is cheating you, only big mouth indians believe it

 

[IndoUS]

KKacer your mind couldn't process simple news that you yourself posted a while about the unemployment rate, are you sure you are able to process the economic data?

 

[kkacer]

KKacer your mind couldn't process simple news that you yourself posted a while about the unemployment rate, are you sure you are able to process the economic data?

Only Big Mouth IndoUS believe the idiot data


Experts disagree with data showing that India’s jobless rate is lower than those in western countries

Manish Sabharwal, chief executive of TeamLease Services Pvt. Ltd, a human resource firm, said that the latest survey was a gross understatement of the unemployment rate. “Like poverty, unemployment definition needs a national debate. The 3.8% unemployment rate is unbelievable—it’s science fiction. The rate must be a multiple of this rate—in the range of 15% to 19%,” he said.

Sabharwal added that the precision of the study is misleading. “It’s more dangerous than just understatement as such surveys will mislead policy framework (meant) to address such problems.”

Experts disagreed with the Labour Bureau’s proposition that India’s unemployment rate is lower than those in western countries, including the US (8%), Spain (25%), Greece (21%) and Ireland (14%).
Pronab Sen, principal adviser in the Planning Commission, said India can’t be compared with developed countries because of the small size of its organized sector. “Most of the unemployment in India is among the youth. Adult unemployment is very small,” he said.

http://www.livemint.com/Politics/Z1...arpen-debate-on-Indias-unemployment-data.html

 

[shuttler]

Only Big Mouth IndoUS believe the idiot data


Experts disagree with data showing that India’s jobless rate is lower than those in western countries

Two govt surveys sharpen debate on India’s unemployment data - Livemint

in addition, shining indians dont have an "updated" concept!

all these are for pure entertainment! priceless!

 

[Tridibans]

India unemployment is over 10% in 2009 by CIA, USA

Are you holding cash or investing in stocks currently? - The 5 Minute WrapUp by Equitymaster

India government is cheating you, only big mouth indians believe it

Are you blind? Can't you see it is from 2009?
From recent times :
India's unemployment rate stood at 3.8% last fiscal - Economic Times

 

[TopCat]

in addition, shining indians dont have an "updated" concept!

all these are for pure entertainment! priceless!

I always counter check and use my own intuition before rely on Indian data. Most of the India data are fraud.

 

[tunguska]

I always counter check and use my own intuition before rely on Indian data. Most of the India data are fraud.

Please also mentioned how you counter check those indian data.