India's fourth quarter GDP grows at 5.3%, 6.5% for FY 12

[laman12345]

India debt ratio is more worse than Spain, Will India Collapse?

1 China Huge trade surplus
1. India Huge trade deficit

2. China low inflation
2. India high inflation

3. China Low Debt
3. India High Debt

4. China low unemployment (too many jobs, not enough labour hehe)
4. India high unemployment

5. China $ rises to historically HIGH
5. India $ drops to historically LOW

India debt ratio is more worse than Spain! Fix it quickly or your country will collapse faster than Spain

 

[Hello_10]

we have an executive summary of it as below:

India’s economic growth rate slipped to 5.3 per cent in the fourth quarter of 2011-12, lowest in nearly 9 years due to poor performance of the manufacturing and farm sectors.

The Gross domestic product (GDP) growth in the January-March quarter of 2010-11 was 9.2 per cent, according to the government data released today.

GDP in 2011-12 also moderated to 6.5 per cent from 8.4 per cent in the 2010-11.

During the quarter ending March 31, growth in the manufacturing sector contracted to 0.3 per cent, from 7.3 per cent in the corresponding period of 2010-11.

Farm output also exhibited a similar trend and expanded by just 1.7 per cent during the quarter, compared to 7.5 per cent in the Q4, 2010-11.

However, mining and quarrying production growth stood at 4.3 cent during the quarter under review, as against a growth of meagre 0.6 per cent in Q4 of in 2010-11.

Growth in the construction sector slowed to 4.8 per cent during the January-March quarter of 2011-12, from 8.9 per cent in the year-ago period.

The trade, hotels, transport and communications segment grew by 7 per cent during in the quarter under review, as against 11.6 per cent expansion in the year-ago period.

However, electricity, gas and water supply grew by 4.9 per cent in the January-March period, compared to 5.1 per cent growth in the corresponding period last fiscal.

The growth of the services sector, including insurance and real estate remained unchanged at 10 per cent in the fourth quarter ended March.

Manufacturing growth in 2011-12 slowed to 2.5 per cent, compared to 7.6 per cent in the previous fiscal.

Besides, output of mining and quarrying sector declined by 0.9 per cent last fiscal, as against the positive growth of 5 per cent in 2010-11.

Further, the agriculture, forestry and fishing sector grew by just 2.8 per cent last fiscal, as against 7 per cent expansion in 2010-11.

Growth of the construction sector stood at 5.3 per cent last fiscal, compared to 8 per cent in 2010-11.

The only silver lining is the growth in electricity, gas and water supply segment where output rose by 7.9 per cent in the last fiscal compared to 3 per cent in 2010-11.

Persistent sluggishness in the economy due to slowdown in the manufacturing sector, coupled with decline in mining and quarrying, is likely to put pressure on the Reserve Bank to cut interest rates in its policy review in June.

The Hindu : Business / Economy : GDP dips to 5.3 per cent in Q4; lowest in 9 years

here we have GDP - composition by sector of India as below:

agriculture: 18.1%
industry: 26.3%
services: 55.6% (2011 est.)
https://www.cia.gov/library/publications/the-world-factbook/geos/in.html

here we find growth of India for the fourth quarter came mainly from its service side otherwise agriculture grew by just 1.7% and even if Industrial sector showed growth, mainly in electricity sector, manufacturing sector contracted by -0.3%. but here we may also notice that high base effect were the reason behind it as agriculture grew by 7.5% and manufacturing by 7.3% during the same quarter of last year. and as India is a net exporter of food so even 1.7% growth is above population growth

and here we have much to gain on manufacturing side in coming year due to falling rupees which is making import of chinese manufactured products expansive enough in India, as per the news as below. while Service Sector did show a handsome growth of around 10%

Chinese products had over 70% share of the domestic toy market, which is falling to about 50%. Fabric sourcing from China by the local garment makers declined 10% in the last 12 months. It's share of the lighting sector - where the market for CFL bulbs was mostly developed by Chinese imports a decade ago -has dropped to 15% from over 50% in 2007. Indian manufacturers are sighting gains even as China's factory prowess weakens on the back of an appreciating yuan, rising inflation and soaring wages in the wake of labour reforms in recent past.

Indian companies are bringing production back home, or taking it to other competitive markets - part of a broader global phenomenon playing out for almost two years now. "We are developing vendors here now for all our products which we were earlier importing."

China imports losing ground in India

 

[Hello_10]

double post

 

[arp2041]

Who cares ..
Always the ruling party is held culprit

Actually the only thing that Congress did it right in UPA-2 was the Retail FDI bill .. But sigh it wasn't passed

And our 3rd grade Hindi media was only showing negative crap about the bill instead of showing the benefits of the bill

why to held media responsible when congress doesn't even has control over it's allies.

 

[Great Sachin]

India debt ratio is more worse than Spain, Will India Collapse?

1 China Huge trade surplus
1. India Huge trade deficit

2. China low inflation
2. India high inflation

3. China Low Debt
3. India High Debt

4. China low unemployment (too many jobs, not enough labour hehe)
4. India high unemployment

5. China $ rises to historically HIGH
5. India $ drops to historically LOW

India debt ratio is more worse than Spain! Fix it quickly or your country will collapse faster than Spain

Today you proved that Chinese are good in Copy Paste.....You just copy paste your same post from other thread and paste it here...even the same guy thanked here also

 

[manofwar]

India debt ratio is more worse than Spain, Will India Collapse?

1 China Huge trade surplus
1. India Huge trade deficit

2. China low inflation
2. India high inflation

3. China Low Debt
3. India High Debt

4. China low unemployment (too many jobs, not enough labour hehe)
4. India high unemployment

5. China $ rises to historically HIGH
5. India $ drops to historically LOW

India debt ratio is more worse than Spain! Fix it quickly or your country will collapse faster than Spain

It is easier said than done mate..........
The govt , however inept, tries once in a while to make a decent bill and that to it isn't passes due to some foolish allies.......we need a govt firmly in a majority with the right economic sense.............
Congress has some really good bills in the pipeline, but has lost public faith..........
BJP opposes the Congress real well, but it too can't provide a solution.........
We need a new party with real leaders, not just power hungry morons like the ones there are now.............

why to held media responsible when congress doesn't even has control over it's allies.

You are right, media shouldn't be held responsible, it is that stupid *beeeeeeeeeeeeep* Mamata Banerjee who is responsible........
Fine ally she is, opposing the govt.'s every move..........

Today you proved that Chinese are good in Copy Paste.....You just copy paste your same post from other thread and paste it here...even the same guy thanked here also

It may be copy paste, but it is right.............we need to work out a solution and fast............

 

[Hello_10]

Today you proved that Chinese are good in Copy Paste.....You just copy paste your same post from other thread and paste it here...even the same guy thanked here also

look, as per the summary we have in my post 18, Service Sector is on track and India is losing on the industrial side, mainly in manufacturing side which was also hardly around -0.3%. and as agriculture grew by just 1.7% this quarter as compare to 7.5% growth of the same quarter of last year, so we find high base effect is playing a major role in aggriculture side. and about manufacturing side, then we find PMI of manufacturing of whole world was not good for last over 6 months? while depreciating rupees does give us a hope to gain on manufacturing side in coming time due to increased price of imported chinese products? check my #18

China’s manufacturing may shrink for a seventh month in May, a private survey showed, reinforcing the need for stimulus as Premier Wen Jiabao accelerates a shift in policy to support growth.

China Manufacturing Contraction May Speed Stimulus - Bloomberg

China’s manufacturing may shrink for a sixth month in April, maintaining pressure on officials to adopt more policies to stimulate economic growth, a survey of companies showed.

China Manufacturing Contraction May Spur More Easing - Bloomberg

Chinese manufacturing data
24 May 2012

HSBC said on Thursday that its preliminary China Manufacturing Purchasing Managers Index, a gauge of manufacturing activity in the world's second-largest economy, fell to 48.7 in May compared with a final reading of 49.3 in April.

The fall in the PMI marks the seventh straight month the index has been in contractionary territory, and could stoke market concerns over a sharp slowdown in China.

Preliminary PMI shows contraction in Chinese manufacturing

 

[arp2041]

This govt. has again & again given only excuses for it's non- performance/under-performance:

2G issue - We din't knew anything Raja was responsible for it, we have to follow the coalition dharma.
Weak economy - it is because of EU crisis.
Weak rupee - global sentiments & EU crisis are hurting it.
Weak armed forces - we want to modernize our armed forces but not at the cost of transparency.
Oil price hike - global prices of oil are high what can we do?
FDI retail - "coalition dharma".

& in the end any issue of corruption is raised against this govt. - This govt. is run by MMS, his integrity cannot be challenged at all, he is an honest man, those who are accusing him of misconduct are traitors.

all these excuses are hurting the common man like us.

 

[alok mishra]

current UPA is worst ever govt. of india after independence. current public survey tells almost every indian think current upa govt. are most corrupted govt. after independence. Approx. 35 bills are pending which are related to economic. F*ck sonia, rahul, manmohan and upa.

we compare india with china i don't know on what basis this comparesion has done. compare done between two or more equal things but we here compare india with 4-5 times bigger and better economy.

 

[alok mishra]

 

[Hello_10]

current UPA is worst ever govt. of india after independence. current public survey tells almost every indian think current upa govt. are most corrupted govt. after independence. Approx. 35 bills are pending which are related to economic. F*ck sonia, rahul, manmohan and upa.

we compare india with china i don't know on what basis this comparesion has done. compare done between two or more equal things but we here compare india with 4-5 times bigger and better economy.

its no doubt that these b@astards (Manmohan/Rahul/Sonia) are only destroying India, leading the most corrupt party in the history of Indian independence. but we do have those professionals/ businessmen who keep the nation on top by their performance and thats why we had so high growth for last over 20 years. and its true that if we may replace this anti-national Congress government, it would boost Indian growth story by at least 2%, similar to CHina. and till then, we keep few argues to keep our country up, to keep morale of indian nationals up

 

[Abingdonboy]

Every 5 minuets these guys start another similar thread. Just by saying something over and over again doesn't make it true.


I disagree with blaming MMS, he has done wonders for India and without him India would be struggling to achieve 2-3% growth. However India needs to get rid of Sonia Gandhi there is nothing democratic about her position and her populist tendencies are hurting the growth badly. Hard decisions have to be made and you can't keep appeasing everyone. If MMS was allowed to have his way and ***** like Mamata and the like didn't get in the way India would be soaring right now.


Tbh I can't see 2014 changing anything- does the BJP from economic reforms? Does it promise economic growth higher than today? Does it promise removal of subsidies? Does it promise hard line on corruption?

And at the end of it I don't like the fact the BJP identifies itself as Hindu nationalists and has elements like RSS associated itself with them. I hope one day the BJP changes it's image and mantra.

 

[Big Boss]

The Rupee fell to a record low today as well.

Indian GDP growth falls to 5.3% - Financial Times

China Yuan Down Late On PBOC Guidance; May Fall More On Europe Crisis - WSJ.com

Chart: Chinese Yuan/ Renminbi is falling - Business Insider

Falling prices to kill off half of Chinese LED chipmakers - The Economic Times

Hong Kong Gold Trading in Yuan Drops 78% From January Record - Bloomberg

 

[Ignited Mind]

Source: PM Manmohan Singh's twitter account.

 

[Big Boss]

India debt ratio is more worse than Spain, Will India Collapse?

1 China Huge trade surplus
1. India Huge trade deficit

2. China low inflation
2. India high inflation

3. China Low Debt
3. India High Debt

4. China low unemployment (too many jobs, not enough labour hehe)
4. India high unemployment

5. China $ rises to historically HIGH
5. India $ drops to historically LOW

India debt ratio is more worse than Spain! Fix it quickly or your country will collapse faster than Spain

6. china = fudged data, fake figures, reality censored

6. India = truth prevails and we are growing transparently