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

[kadamba-warrior]

View attachment 233849

That's exactly how every reference to Veda should be encountered - in the language the Chinese and Islamists on here understand.

 

[kurup]

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

True .... by that time I hope you also get the courage to accept who you really are and not hide behind flags .

.... also I hope you achieve a brain by that time too .

 

[Luca1]

True .... by that time I hope you also get the courage to accept who you really are and not hide behind flags .

.... also I hope you achieve a brain by that time too .

I've accepted who I am. It's you who keep on insisting that I should be someone else.

 

[Sky lord]

RiazHaq has the most economic knowledge of any member on this forum.

Agreed, his knowledge is very economical, he is equally economical with the truth.

 

[Jlaw]

IMF and World Bank is backing this may be your growing age like most of the Chinese unable to comprehend it.

BTW are you 80 + ?

The article is economic times, an Indian mouthpiece nit world Bank or IMF

 

[kurup]

I've accepted who I am. It's you who keep on insisting that I should be someone else.

You have accepted it ... OK good

But then why are you faking it here ??

IS it because if you show your true colours or flags, you feel inferior than others or is it because you are embarrassed about your true origin or roots ??

 

[Luca1]

You have accepted it ... OK good

But then why are you faking it here ??

IS it because if you show your true colours or flags, you feel inferior than others or is it because you are embarrassed about your true origin or roots ??

That is the point. My flags reflect who I am. The problem is that you believe my views are Chinese or Pakistani views so I'm not an American. Don't judge my nationality by my comments.

 

[IND151]

NEW DELHI: India's growth rate is expected to accelerate to 8 per cent in the current financial year and the economy will surpass USD 3 trillion mark in less than five years, NITI Aayog Vice Chairman Arvind Panagariya said.

"I will be greatly disappointed if we do not hit the 8 per cent mark in 2015-16. I expect the economy to hit USD 3 trillion within five years or less," he told PTI in an interview.

Indian economy, which is little more than USD 2 trillion, recorded a growth rate of 7.3 per cent in 2014-15. India is presently the third largest economy in Asia after China and Japan.

On the back of ongoing reforms and stress on manufacturing sector as part of the 'Make in India' drive, the NITI Aayog chief said that India can look for much bigger share in global exports, the global economic woes notwithstanding.

The world economy is large and our share in the world exports is still below 2 per cent. So we have a huge scope for growth even in a sluggish world economy. As long as we continue on the reforms path and ensure that the rupee does not become unduly overvalued, we will be well positioned to chip away some of the 12 per cent share that China currently enjoys in the world merchandise exports.

"Wages in China have already risen enough that many manufacturers there are looking for new destinations with lower wages and India is well placed to be that destination," Panagariya said.

Read more at:
GDP to grow 8% in FY16; hit $3 trillion mark in five years: Arvind Panagariya - The Economic Times

However, according to a Dun & Bradstreet report, India is expected to clock a GDP growth of 8.4 percent in the current financial year, spurred by policy reforms, fall in food inflation and lower fuel prices. According to the research firm, the partial unclogging of domestic policy logjam, focus on public investments in infrastructure, fall in food inflation and lower fuel prices along with improving income growth is likely strengthen aggregate demand.

Cheers!



.

A very good news indeed.

 

[kurup]

That is the point. My flags reflect who I am. The problem is that you believe my views are Chinese or Pakistani views so I'm not an American. Don't judge my nationality by my comments.

Nah .... your flags do not entirely reflect who you are ...... what you are will entire reflect who you are .

I do not doubt your nationality but just your roots ..... which is a major reason why you are obsessed about India .

 

[HariPrasad]

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.

I remember the Vajpayee ERA when Rupee grew by 5 rs from 49 to 44.

Indian Rupee | 1973-2015 | Data | Chart | Calendar | Forecast | News

 

[trueINDIANpatriot]

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.

I have a feeling that you are RiazHaq..self praise is not good for health dude

 

[Luca1]

Nah .... your flags do not entirely reflect who you are ...... what you are will entire reflect who you are .

I do not doubt your nationality but just your roots ..... which is a major reason why you are obsessed about India .

Again, the flags reflect who I am... My views might not be typical American. Hut it's who I am. Just accept that fact and move on.

 

[nForce]

Again, the flags reflect who I am... My views might not be typical American. Hut it's who I am. Just accept that fact and move on.

lol..ashamed of who you are ? Yeah.. probably you should be..

 

[HariPrasad]

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.

In the same way you are the most decent member of the forum.

 

[kurup]

Again, the flags reflect who I am... My views might not be typical American. Hut it's who I am. Just accept that fact and move on.

When you badmouth my country , we cannot certainly move on .

But since you asked , I will not be bothering you about your ethnicity any more .

I don't want to put you in a difficult position as it appears you are ashamed of who you really are .