India's GDP to grow 8% in FY16; hit $3 trillion mark in five years

[HariPrasad]

Indian Rupee is now at 63. This weakness is due to the massive current account deficit which is causing the Rupee to devalue. Indian interest rates are very high due to the very high inflation and the big deficits which requires a higher interest rates to attract capital.

Indian Rupee hasn't devalued further because India has been using its forex reserves to prop up the Rupee by buying Rupees and selling dollars and then reporting forex reserves as 'increasing' to keep international investors happy and rating agencies happy

India is a net debtor nation which is getting worse.

Indian economy will shrink in size as its currency gets weaker as India has no manufacturing base to reverse its trade deficits.

High IQ CHinese strikes again.

Our deficite and current deficite both are reducing. Inflation is getting down. We have the highest foreign currency remittance. our FER is increasing very fast. We have interest rate cut. Like the Vajpayee Era, our economy rupee shall start going up in a year. India is the hotest investment destination now surpassing china by huge margin. Even china is investing in India. They know that to invest in china is not much profitable. Now our time has started.

 

[Beidou2020]

High IQ CHinese strikes again.

Our deficite and current deficite both are reducing. Inflation is getting down. We have the highest foreign currency remittance. our FER is increasing very fast. We have interest rate cut. Like the Vajpayee Era, our economy rupee shall start going up in a year. India is the hotest investment destination now surpassing china by huge margin. Even china is investing in India. They know that to invest in china is not much profitable. Now our time has started.

Indian deficits are increasing, inflation is very high and forex reserves are going down in the real world (increasing in the Vedic world).

Chinese FDI $128 billion
Indian FDI $35 billion

Yup, surpassing China indeed

 

[HariPrasad]

Indian deficits are increasing, inflation is very high and forex reserves are going down in the real world (increasing in the Vedic world).

Chinese FDI $128 billion
Indian FDI $35 billion

Yup, surpassing China indeed

Chinese GDP is increasing at a great pace to surpass US by adding fake figure of 1 TR USD every year. People live in miserable condition and sell their organ to feed stomach. They consume Gutter oil. They do not have anything good to eat.

 

[OrionHunter]

Is this growth rate including Vedic math?

 

[OrionHunter]

Coulda, woulda, shoulda doesn't matter in this world. Achieve it first, then come talk.
Without India's vedic math manipulation, actual Indian growth is less than 4%.

Since India's growth rate has overtaken China's, yours must be around 3 to 3.5%. It's correct, as this is according to Han maths.

 

[HariPrasad]

Secrete of Chinese High Growth.

Local governments inflated China’s GDP by $900 billion last year

Local governments inflated China’s GDP by $900 billion last year—and that’s not going to stop soon - Quartz

 

[OrionHunter]

Indian growth is actually no where near 7%, @RiazHaq pointed this out many times.

That douche-bag called RiazHaq????? His farts are mind blowing!

Just shows your mental caliber! Grow up!

 

[Beidou2020]

Since India's growth rate has overtaken China's, yours must be around 3 to 3.5%. It's correct, as this is according to Han maths.

India didn't overtake China. India 'overtook' China's growth after the recalculation which everyone just laughs at.

 

[A.M.]

Too early to say if this will happen but would be very impressive.

Take these projections with a grain of salt as they are often wrong and sometimes revised after the fact.

 

[Luca1]

This may be true or not,,, but India should achieve first before bragging.

 

[Beidou2020]

Secrete of Chinese High Growth.

Local governments inflated China’s GDP by $900 billion last year

Local governments inflated China’s GDP by $900 billion last year—and that’s not going to stop soon - Quartz

No, India Isn't Growing Like China - Bloomberg View

India's inflated GDP numbers contradict the real story - Rediff.com Business

New GDP Math sees India growing faster than China | Free Press Journal

India's GDP Revisions Draw Derision!

 

[Echo_419]

That douche-bag called RiazHaq????? His farts are mind blowing!

Just shows your mental caliber! Grow up!

Plz a dead cat has more IQ than him
& srsoy ignore the idiot

 

[Beidou2020]

That douche-bag called RiazHaq????? His farts are mind blowing!

Just shows your mental caliber! Grow up!

RiazHaq has the most economic knowledge of any member on this forum.
He analyses everything in extreme detail.
He makes excellent points.

I think calling him a 'douche-bag' is going overboard and I expected more from a respected member like yourself.

 

[OrionHunter]

India didn't overtake China. India 'overtook' China's growth after the recalculation which everyone just laughs at.

Do you always talk like a moron or is it that you're pissed off? For your info, the benchmark measure of economic growth is now based on market prices, not on factor costs. The latter method, which India had previously preferred, tabulates economic activity based on the costs of production, whereas the present method is based on the amounts paid by consumers.

Most countries and international bodies calculate GDP based on market prices, the method India has adopted now.

You got a problem with that?

 

[anant_s]

3 Tr My foot.

It will be at least 5+ TR. Rupee shall appreciate with growing economy.

8% Annual growth for 5 years. i.e 47% increase to current 2.3 TR USD is 3.38 tr USD.

Rupee =atleast 40 a USD.

Si9ze of economy is =3.38/64*40=5.40 TR USD.

40 Rupee to a dollar isn't a possibility.
Most market experts including RBI predict that the exchange rate will be between 60-64.
However the situation can change if India can sign treaty for trade with individual nations in local currency. China already is doing that.
Secondly our crude import must diversify and import of gold must come down.
A large part of trade deficit comes owing to the same.
hopefully with domestic demand based growth will fuel next economy boom rather than export based. That will be far more self sustainable path.