NCAER lowers India GDP growth forecast to 5% in 2014-15

[Chinese-Dragon]

Twisting much? Or did you conveniently forgot that GDP growth is measured in national currency and not foreign one?
This is India's GDP data according to IMF:
View attachment 146770
Along with GDP growth rate highlighted.

Now go figure how 60 trillion INR become 2 trillion USD!

You lack basic reading comprehension.

In my very first post in this thread, post #2, I referred to the IMF comparative ranking of nominal GDP (if it's comparative it's obviously based on market exchange rates), and then I posted a link to it.

I figured that would be easy to understand for anyone with the most basic reading comprehension.

 

[45'22']

NCAER lowers India GDP growth forecast to 5% in 2014-15


India's economy likely to grow 6.4% next year; may be a hair's breadth away from China by 2016: OECD

 

[Chinese-Dragon]

NCAER lowers India GDP growth forecast to 5% in 2014-15


India's economy likely to grow 6.4% next year; may be a hair's breadth away from China by 2016: OECD

India's numbers are always better when it comes to "future predictions".

In hindsight India has fallen behind pretty much every single economic prediction in the past few years, in fact India's nominal GDP in 2013 was lower than their nominal GDP in 2011.

Quite an achievement for the "second fastest growing economy in the world", to have your GDP shrink in the last two years of released annual GDP data.

 

[Kloitra]

You lack basic reading comprehension.

In my very first post in this thread, post #2, I referred to the IMF comparative ranking of nominal GDP (if it's comparative it's obviously based on market exchange rates), and then I posted a link to it.

I figured that would be easy to understand for anyone with the most basic reading comprehension.

If you check the IMF figures for nominal GDP, India's economy has actually been shrinking over the past few years.

List of IMF ranked countries by past and projected GDP (nominal) - Wikipedia, the free encyclopedia

India's economy in 2013 was smaller than their economy was in 2011.

For all the boasting about how India's growth story, their economy is actually shrinking. Even developed countries are expanding their GDP, America for example adds half a trillion every year.

Whereas India's economy (as a developing country) should be growing, but it is in fact shrinking.

It doesn't matter how you put it. It doesn't matter what you referred to. Doesn't matter how you want to twist it. You said Indian economy is shrinking, when it is not. You just posted IMF data in the middle of your claims that Indian economy is shrinking. The economy was bigger in 2013 than what it was in 2011 in nominal terms. You can say its valuation in dollars shrank but the economy itself? If the real growth rate is positive, how can you come to the conclusion that economy is shrinking?

India's numbers are always better when it comes to "future predictions".

In hindsight India has fallen behind pretty much every single economic prediction in the past few years, in fact India's nominal GDP in 2013 was lower than their nominal GDP in 2011.

Quite an achievement for the "second fastest growing economy in the world", to have your GDP shrink in the last two years of released annual GDP data.

Again you are paddling lies. No where IMF says India's economy was lower than 2011 in nominal terms.

 

[Chinese-Dragon]

It doesn't matter how you put it. It doesn't matter what you referred to. Doesn't matter how you want to twist it. You said Indian economy is shrinking, when it is not. You just posted IMF data in the middle of your claims that Indian economy is shrinking. The economy was bigger in 2013 than what it was in 2011 in nominal terms. You can say its valuation in dollars shrank but the economy itself? If the real growth rate is positive, how can you come to the conclusion that economy is shrinking?



Again you are paddling lies. No where IMF says India's economy was lower than 2011 in nominal terms.

Semantics as usual.

The bottom line is that India's nominal GDP in the IMF ranking has shrunk from 2011 to 2013.

How does that fit in with the so-called "second fastest growing economy in the world"?

In fact India is not even the fastest growing economy in South Asia.

 

[Kloitra]

Semantics as usual.

The bottom line is that India's nominal GDP in the IMF ranking has shrunk from 2011 to 2013.

How does that fit in with the so-called "second fastest growing economy in the world"?

In fact India is not even the fastest growing economy in South Asia.

You change from nominal GDP shrunk to IMF ranking shrunk, and you blame me for semantics? Both have a big difference.
And it is second fastest growing MAJOR economy.

 

[45'22']

India's numbers are always better when it comes to "future predictions".

In hindsight India has fallen behind pretty much every single economic prediction in the past few years, in fact India's nominal GDP in 2013 was lower than their nominal GDP in 2011.

Quite an achievement for the "second fastest growing economy in the world", to have your GDP shrink in the last two years of released annual GDP data.

 

[Chinese-Dragon]

You change from nominal GDP shrunk to IMF ranking shrunk, and you blame me for semantics? Both have a big difference.
And it is second fastest growing MAJOR economy.

Semantics again.

If you had bothered to read post #2 of this thread, and checked the link, you might have understood.

Again, India's nominal GDP has been shrinking, as of the latest annual data from the IMF ranking.

Whereas even developed countries have been increasing their GDP, India's has been shrinking.

But the problem is, Indians believe this:

India to become superpower by 2012: Kalam - Economic Times

So it's hard to get them to understand reality and basic facts, such as this:

BBC News - 'More poor' in India than Africa

Most people would see some sort of fundamental contradiction between the two. How can a country with more poverty than the entire continent of Africa be a "superpower"?

Even China is only still a developing country.

@Shinigami

 

[Kloitra]

Semantics again.

If you had bothered to read post #2 of this thread, and checked the link, you might have understood.

Again, India's nominal GDP has been shrinking, as of the latest annual data from the IMF ranking.

Whereas even developed countries have been increasing their GDP, India's has been shrinking.

But the problem is, Indians believe this:

India to become superpower by 2012: Kalam - Economic Times

So it's hard to get them to understand reality and basic facts, such as this:

BBC News - 'More poor' in India than Africa

Most people would see some sort of fundamental contradiction between the two. How can a country with more poverty than the entire continent of Africa be a "superpower"?

Even China is only still a developing country.

Apart from the fact that Kalam was expressing hope and not fact, you are playing with words. India's nominal GDP is NOT shrinking. Its valuation in terms of dollar shrank for an year. That is all. Nominal GDP is INCREASING. It is measured in national currency and not foreign.

 

[Icewolf]

I always knew Indian growth story was just a bubble.

No industry, no stable inflation and yet India thinks it's on a growth miracle lol...

Riding on the backs of the poor for 10 years... Poor indians become educated and want to find higher paying jobs. Indian job market doesn't have those kind of jobs. So now this bubble has collapsed as all companies run away from the low cost labor haven that WAS india

 

[Kloitra]

I always knew Indian growth story was just a bubble.

No industry, no stable inflation and yet India thinks it's on a growth miracle lol...

Riding on the backs of the poor for 10 years... Poor indians become educated and want to find higher paying jobs. Indian job market doesn't have those kind of jobs. So now this bubble has collapsed as all companies run away from the low cost labor haven that WAS india

If wishes were horses....

 

[Icewolf]

If wishes were horses....

If only the truth did not hurt.....

 

[Kloitra]

If only the truth did not hurt.....

All I see is that all sectors, including manufacturing and industries are registering growth. So no, truth doesn't hurts at all!

 

[Icewolf]

All I see is that all sectors, including manufacturing and industries are registering growth. So no, truth doesn't hurts at all!

Growth just means it's in a bubble.
For example, USA had a 10% jobless rate in 2008 but was growing at 2% and adding trillions. Does that mean it was doing good? lolz

India turning into another Soviet Union of the 1990's

 

[ashok mourya]

"When all is said and done,the difference between india and china can be summed up in one word:i.e freedom"