India's GDP sharply drops to 6.1%

[lamlap]

29 Feb 2012

"Today's data is dismal, and the full year's growth at 6.9% looks difficult."

India’s Gross Domestic Product (GDP) grew at 6.1 per cent for the quarter ending 31 December 2011, signalling a sharp slowdown in economic activity.

The GDP growth is also slower than the 6.9 per cent in the September quarter, and has been declining sfor the past nine quarters. This is also the lowest in the past 13 quarters (in 3 years) .


India GDP growth slows to 6.1% in December quarter
BBC News - India growth drops to slowest in nearly three years

 

[gulte]

This is gonna continue till next elections.

 

[Deepak123]

29 Feb 2012

"Today's data is dismal, and the full year's growth at 6.9% looks difficult."

India’s Gross Domestic Product (GDP) grew at 6.1 per cent for the quarter ending 31 December 2011, signalling a sharp slowdown in economic activity.

The GDP growth is also slower than the 6.9 per cent in the September quarter, and has been declining sfor the past nine quarters. This is also the lowest in the past 13 quarters (in 3 years) .


India GDP growth slows to 6.1% in December quarter

BBC News - India growth drops to slowest in nearly three years

Don't worry Mr. Javed, Indian economy will re-bounce. And last two months both rupee and economy got stronger.

 

[S10]

Everybody is going through a hard time, not just India. Europe is going through a debt crisis. United States is still recovering from that mess in 2008. China's manufacturing has slowed down due to reduction in demand. India doesn't exist in a bubble and can't be immune from going through a slump.

Nothing to laugh about.

 

[Aryavart]

ohh javed bhai..indian gdp growing by 6.1% not shrinking by 6.1%..lol

 

[lamlap]

India's debt threat: Rises to historic high in 2011

India's debt threat: Rises to historic high in FY11 - CNBC

http://img4.bbs.**********/uploadfiles/images/2012/02/28/0228103208853.JPG

 

[S10]

India's debt threat: Rises to historic high in 2011

India's debt threat: Rises to historic high in FY11 - CNBC

http://img4.bbs.**********/uploadfiles/images/2012/02/28/0228103208853.JPG

Debt also needs to be taken under the context of economy situation. During downturns, government debts usually increase due to reduction in tax revenue and more demands for social services. If you look at that chart carefully, 2008 is the year where the debt start to skyrocket, same year as the global financial crisis.

Not saying it's not a worrying trend, but not exactly a suprise either.

 

[Android]

Our growth rate was expected to touch 10% this summer
But due to those damn europeans

 

[Impasse]

Growth rate is important but such fluctuations are bound to occur. Most of the Asian countries still have rock solid economy even though growth rate has declined.

---------- Post added at 01:23 PM ---------- Previous post was at 01:22 PM ----------

can we trust the numbers coming out from india?
the real growth rate is probably much lower.

if you believe these numbers, the indian economy is collapsing, no question about it.

india could have negative growth this year.

india seems to be a bigger worry than greece right now, alough greece is bad, indian debt is rising fast and the off balance sheet debt is much higher in india as indians have 2 books, one for the public and and one for themselves.
the off balance sheet debt is massive in india.

Lol do u even understand economics?

 

[Splurgenxs]

well the debt is bad no doubt..

But what India is incurring in debt is more to do with productive overspending..into essential infra stimulus and subsidy programs that are going to return in profits when there life cycle matures.

Though what is actually worrying is the Fuel(diesel) subsidy ,which is eating into a big chunk of our overspending,though i think removing it is not good for Inflation..
So the only solution is to tilt the balance towards better taxation reform on luxury items and services for the privileged 5-10 %...

One other process should be the removal of Crude based fuel form all forms of Power Production and should be solely used for Transportation and Industrial manufacturing.

 

[EagleEyes]

Use economy sticky threads, there is no need to create threads on banned topics purposely.

If you spot such members again with new IDs, please PM me.

http://www.defence.pk/forums/announcements/116002-topics-banned-pdf.html