Indian Economy-News & Updates

[laman12345]

Sorry to tell you a VERY BAD NEWS:

India Sept industrial production is -0.4%
India Sept industrial production is -0.4%
India Sept industrial production is -0.4%

Indian industrial production unexpectedly fell in September, deepening worries that the economy is still in a slowdown. Government data Monday showed that industrial output in September shrank 0.4% from a year earlier.

India Industrial Output Unexpectedly Declines as Economy Falters - Bloomberg

India rupee falls to 2 month low

* Rupee trading at 55.07/09 vs 54.75/76 close on Fri

* USD/INR breaks major 100-day moving average resistance

* Trade deficit widens to $21 bln in Oct

India rupee falls to 2-mth low | Reuters

 

[laman12345]

India inflation out of control, 9.75% in October


* India inflation hit 11-month high in October
* China inflation = 1.7% (at lowest in 10 years)

The spurt in prices of sugar, pulses, vegetables and clothing has pushed retail inflation closer to the double-digit mark of 9.75 per cent in October, compared with 9.73 per cent in September 2012. The indices are on base 2010=100.

Business Line : Industry & Economy / Economy : Food, clothing push inflation up 9.75% in October

MUMBAI, Nov 12 (Reuters) - The Indian rupee fell to its lowest in nearly two months after data showing the a record trade deficit and a contraction in factory output stoked fears about economic growth at a time of continued high inflation.

Data on Monday showed the trade deficit widened to $20.9 billion, marking a historically record.

 

[laman12345]

Data on Monday showed the trade deficit widened to $20.9 billion, marking a historically record.

Export is 23 billion ( Receipt) Import is 44 billion (payments). The shortage ( payments - receipt ) is 21 billion, 88% of receipts. Normally the situation will lead to bankrupcy.

Will India be there till 2020?

 

[AADHAAR]

^^^ See, and still the chinese are scared of India..

Perhaps more worried if china will manage to keep running till 2020 or faint and die out before.

Famous saying - Ants fly before their death. laman12345, RIP in advance.

 

[Backbencher]

^^^ See, and still the chinese are scared of India..

Perhaps more worried if china will manage to keep running till 2020 or faint and die out before.

Famous saying - Ants fly before their death. laman12345, RIP in advance.

Leave this guy he will GTFO himself when he'll notice nobody pays a **** to him

^^^ See, and still the chinese are scared of India..

Perhaps more worried if china will manage to keep running till 2020 or faint and die out before.

Famous saying - Ants fly before their death. laman12345, RIP in advance.

Leave this guy he will GTFO himself when he'll notice nobody pays a **** to him

 

[WAR-rior]

Export is 23 billion ( Receipt) Import is 44 billion (payments). The shortage ( payments - receipt ) is 21 billion, 88% of receipts. Normally the situation will lead to bankrupcy.

Will India be there till 2020?

Good Question.

U r so intelligent to ask such intelligent questions.

 

[CZAR]

Export is 23 billion ( Receipt) Import is 44 billion (payments). The shortage ( payments - receipt ) is 21 billion, 88% of receipts. Normally the situation will lead to bankrupcy.

Will India be there till 2020?

Enough with the stupidity, my friend.

Are you aware of something called - financing of the CAD?? It is possible for countries to continue for years with a Current Account Deficit, by developing mechanisms to finance this deficit. And india has more than enough financial muscle to tackle these deficits in the foreseeable future.

India has recently undertaken various initiatives for relaxing the FDI norms to attract foreign investment - such as FDI in retail, aviation, media, insurance, etc. Also, there are further initiatives in the pipeline which are likely to attract further investment.

Also read up a bit on what General Anti Avoidance Rules. It is a sensitive issue with respect to FIIs. India has also relaxed its stance on GAAR, paving the way for greater investment interest from foreign investors - as is visible from healthy trading and trajectory of indian stock exchanges (BSE and NSE).

Add to this the lose monetary policy of western economies (eg - QE3), and what you have are billions of dollars which will be following emerging economies such as India.

And even if the FDI / FII inflows are depressed for a couple of fiscals - india still has dollar reserves of over USD 250 billion. Whichever way you choose to spin it, India is more than capable of the financing these deficits through inflows and reserves.

Moreover, to reduce the current account deficit, India has undertaken steps such as slowly freeing the prices of petroleum products from subsidies. There is also a drive against investment in gold in favour of more productive investment, as in terms of value, it is the second biggest item on the import list, after oil.

Your arguments rest on sensational headlines and are on a weak footing.

 

[IndoCarib]

Mahindra looking to buy a controlling stake at Aston Martin

Aston Martin’s controlling shareholder, Investment Dar Co., has approached potential buyers for the maker of luxury sports cars featured in James Bond movies, said five people with knowledge of the matter.

The Kuwaiti company, which owns 64 percent of Gaydon, U.K.- based Aston Martin, has hired Rothschild to advise on the sale, said one of the people, who asked not to be identified because the talks are private. Mahindra & Mahindra Ltd. (MM), the Indian automaker, is among potential suitors Investment Dar has approached in recent few months, two of the people said.

Aston Martin Owner Said to Approach Suitors for Carmaker - Bloomberg

 

[jiki]

why our mandarin brothers are so much worried about india despite knowing that the economic slow down is now a global turmoil ,every one is a part of globalisation now a days , so china is not a wonderland it has also wittnessed the same debacle as their Eco is countineously degradding since last 2 yrs , they are jumping up bcoz it is still 7.smnthg as ahead of india 5. and their gdp is now 4times of india's , my little bros the speedy u grow the sooner u will get saturated , look ur yng mass will start vanishing from 2020 onwords and after 2030 it cant attarct any investment and attend any growth , but in india despite struggling to attend a good growth rate , to impliment economic and social reforms we can surpass china in yr of 2050-2060 bcoz of the strong yng and working mass we would have till that time which cause a sound investment in the country and push our GDP to a very good number
i want to share with all who argues for chinese growth model

look a country cant never be built or developed mere in terms of GDP growth rate , it sud be distributed among the people in equal manner as well. for a large country always people of its maters than anything.......GDP grth ,mltry pwr anything . we know that we are continuously leveled as a corruption savvy country by the world but we know that we have numerous no of mecanism to fight corruption , here a simple social activist can dragg the supreme leader between the people,here even the party which get max no of vote cant able to form gov alone, here media (which is the only medium for common ppl to see the rest of the world ) is regarded as a 4th pilar of our constitution ---this is called a true freedom, a true democracy and only an Indian can understand it than the rest of the world . Now my chinese frnds where u stand regarding this points, do you have ever know what is freedom, what is democracy, can u file a case against ur premier or ur politburo chief if ur politburo once announce a elephant as a dog u start petting it the next day, in ur news channnel's anchor are dressed in military uniform----whts the hell is this? u may describe urself as a strong state but a very weak society but we as a very strong society always try to build a strong state. so try to make ur country strong first as a society not as a production machine , the recent unrest inside the country and inside the rulling party are not the blessing for the future , u all have already seen the consequence of the strong communist soviet union .

We indian never want the richest or the stongest india in the world rather we always want live as a united india where each and every kind of people could fill the peace,the freedom, the prosperity and the security.

 

[laman12345]

We don't need big talk from some members of Indians, We just tell the real Data

India inflation hits 11 months High

Inflation based on the consumer price index rose marginally to 9.75% in October as compared to 9.73% in the previous month, on account of a sharp increase in prices of sugar, pulses and vegetables, government data showed Monday. Sugar became costlier by 19.61% year-on-year. Prices of pulses jumped by 14.89% and vegetables became costlier by 10.74%.

India's consumer price inflation rises to 9.75% - Hindustan Times

 

[laman12345]

India's worst on record trade deficit of $20 billion


India: double very bad data shock

Data released on Monday shows that India’s industrial production contracted 0.4 per cent in September year-on-year, an unpleasant surprise given widespread expectations of an increase of 2 per cent or more. And to make things worse, the trade deficit hit a record $21bn in October – up from $18bn in September.

On the foreign exchanges, the rupee fell 0.74 per cent against the US dollar, taking its decline for this year to more than 9%.

Barclays said in a note that this was a “shock” and added: “Market expectations for IP growth once again covered a wide range (from 1.2% to 5.0%) and again the actual outcome fell well below the range.”

India: double data shock

 

[IndoCarib]

Hope RBI is watching. Time to cut the rates

 

[laman12345]

Hope RBI is watching. Time to cut the rates

what a terrible idea

Cut rate when India inflation hits 11 months High = Commit Suicide

 

[IndoCarib]

what a terrible idea

Cut rate when India inflation hits 11 months High = Commit Suicide

Rate hike has not done any magic in controlling inflation so far. RBI might as well cut rates to boost production.

 

[CZAR]

We don't need big talk from some members of Indians, We just tell the real Data

India inflation hits 11 months High

Inflation based on the consumer price index rose marginally to 9.75% in October as compared to 9.73% in the previous month, on account of a sharp increase in prices of sugar, pulses and vegetables, government data showed Monday. Sugar became costlier by 19.61% year-on-year. Prices of pulses jumped by 14.89% and vegetables became costlier by 10.74%.

India's consumer price inflation rises to 9.75% - Hindustan Times

You have cited figures for the CPI. Do you understand the difference between what CPI and WPI are?? Quit making a mockery of yourself.