Indian economy to grow 3 percent in 2012-2013: BBC report

[northeast]

indian ponzi sheme gonna explode soon，that's it.

 

[Zeeshan360]

Inflation was in double digits in 2010 , well above 9% in 2011
Still we recorded 8-9% GDP growth

Now the inflation is pretty low compared to that time

 

[heartrocker22]

indian ponzi sheme gonna explode soon，that's it.

I i Sir.....whatever floats your boat....

 

[Edevelop]

Rofl Pakistan's economy will grow by more than 4% in 2012 -2013

 

[bindaas]

Rofl Pakistan's economy will grow by more than 4% in 2012 -2013

Yes, with no railways, no power sector, no gas, no money for projects.

 

[ARCHON]

Rofl Pakistan's economy will grow by more than 4% in 2012 -2013

Growth ... maybe downwards..

 

[Zeeshan360]

Rofl Pakistan's economy will grow by more than 4% in 2012 -2013

Pakistan's economy grew by 2.7% this quarter
Plus your government has defaulted for the first time ..

Just hope the GDP growth is positive

 

[Edevelop]

Pakistan's economy grew by 2.7% this quarter
Plus your government has defaulted for the first time ..

Just hope the GDP growth is positive

Pakistan economy to grow by 4pc in 2012: UN ESCAP report


The United Nation Economic and Social Survey of Asia and Pacific (ESCAP) projected the economy of Pakistan to grow by 4 percent during the year 2012.

According to a report launched by ESCAP on Thursday, the Gross Domestic Product (GDP) in Pakistan is projected to grow by 4 percent in 2012, which is an improvement from 2.4 percent growth in 2011.

Dr Ashfaq Hassan, an economist said the economic growth of the country has increased mainly due to the enhanced output of agriculture sector.

He said the agriculture sector was improving due to the post-flood recovery in cotton, rice, wheat, sugarcane and other minor crops.

Ashfaq said cut in monitory policy by 200 basis points by the State Bank of Pakistan also supported the economic growth of the country.

The moves were aimed to stimulate private investment and economic growth, Ashfaq said.

The GDP growth in the country slowed considerably to 2.4 percent in fiscal year 2011 from 3.8 percent in the previous year, mainly due to prevailing security concerns, the exogenous shock from elevated oil prices and unprecedented floods in a large part of the country and shortage of electricity and natural gas have also hampered the economic growth, he added.

The Economic Survey of Asia reported to reduce the budget deficit in Pakistan, the government was making efforts to improve tax compliance and broaden the tax base.

The report said current account of balance of payment in the country has registered surplus in 2011.

In Pakistan, the external sector registered a surplus on the current account, making it a bright spot of the economy in 2011, the report added.

According to the report the exports increased by 29.3 percent and workers' remittances reached an historic level of more than $11.2 billion in 2011.

Rising prices of value-added textiles helped propel the rapid growth of exports. Foreign exchange reserves also increased considerably.

The report further said in order to address energy shortages the government should take various measures including setting up viable new power projects, minimising transmission and distribution losses including theft of electricity, increasing exploration of natural gas, crude oil and coal, tapping of regional markets and setting up infrastructure for energy imports.

Clovis Freire, representative of Asia and the Pacific said another year of slowing growth as demand for its exports falls in developed nations and capital costs rise, but the region will remain the anchor of global economic stability. He said the growth rate of the region's developing economies is projected to slow down to 6.6 percent in 2012 from 7.0 percent last year compared to a strong 8.9 percent in 2010.

Pakistan economy to grow by 4pc in 2012: UN ESCAP report — BlackSeaGrain - All information on agriculture and food industry

 

[bindaas]

Pakistan economy to grow by 4pc in 2012: UN ESCAP reportPakistan economy to grow by 4pc in 2012: UN ESCAP report — BlackSeaGrain - All information on agriculture and food industry

Last year also, we heard the same thing for 2011-2012 (your economy will grow with more than 4 percent) but all prediction went "tai tai phiss".

 

[Zeeshan360]

Just predictions , show me the real results ..

 

[Edevelop]

So that means India's 3% is also a prediction. Am i right?

 

[Zeeshan360]

So that means India's 3% is also a prediction. Am i right?

IMF has predicted it to be 6.9%
This is some economist who is predicting it

 

[bindaas]

IMF has predicted it to be 6.9%
This is some economist who is predicting it

There is going to be massive infrastructure modernization of $1.2 Trillion under PPP(Public-Private Partnership) in current 5yrs plan, it is impossible the GDP growth will reach this much low as predicted by trolls.

 

[ChennaiSKing]

Why there is a big argument...just wait for another 7 more months and we are going to see the true growth data, after all who gave a thought twenty years back - that India will be the back office for the world and a global giant in IT, Pharma, Auto, Medical Tourism and many more...Once the west called us snake charmers and now the same west leaders are knocking our doors one by one to do business with us!!!, according to me we will clock above 5% growth and which is very impressive considering the large size of our economy and the current state of global economy...

 

[ChennaiSKing]

infrastructure modernization should be done on war footing, and projects such as Delhi - Mumbai industrial corridor should be implemented fast to fuel the economic growth....

USD 100 billion is the Delhi Mumbai Industrial Corridor Project value, and is a missive project will induce economic growth in other parts of India...

http://delhimumbaiindustrialcorridor.com/