S&P: India may become first BRIC nation to lose investment grade

[Hafizzz]

very bad news

I feel so sad for India's poor people

Shame on India government

How India failed to live up to its hype
Good Reads: How India failed to live up to its hype - CSMonitor.com

Hype is a powerful thing. It prompts us to pick up “great” novels, download “earthshaking” albums, or buy shares in a company destined to “change the world.”

Hype is also used to sell countries like India as “emerging regional players” or “economic tigers,” and according to this week’s Economist magazine, India has failed to live up to its billing.

India's growth of only 6 percent, down from it's goal of 8 percent growth, shows India has failed “to live up to rising expectations,” says Jim O’Neill, the Goldman Sachs analyst who coined the term “BRIC” for the quartet of emerging nations Brazil, Russia, India, and China. And it’s a growth level that could prevent India from lifting more of its citizens out of poverty.

SEE ALSO: Who are the BRICS?

This week’s Economist magazine says that hype may have been the problem all along. India seems to have believed its own hype – that it was “destined for fast growth” – when, in fact, there was still a great deal of hard work to be done to loosen up governmental controls on the economy so that it could actually grow. Now that the economy has slowed down to 6 percent, foreign investors and Indian citizens alike are starting to lose faith.

India, unlike the other BRIC countries, is still desperately poor. One businessman and guru interviewed by your correspondent recently declared that "the next fifteen years will be India's worst since independence" and that there was a one-in-10 chance of a revolution. If India's economic miracle turns out to have been a mirage, it will not be so easy to dismiss that kind of talk as cranky.

 

[shelly]

I have saw India Q1 growth can't rank in top ten growth in all Asia countries somewhere.

but you have to ask yourself what is growth..
if a person eats a lot and becomes fat that is growth... if a person has a tumour and it grow that is growth... similarly for economy one needs to se the sustainibility of growth and peoples happiness . if thats not achieved like ,y examples its growth but malignant

india is the fastest growing economy in the world because its the only consumption driven economy in asia. all the others are just negative growth

 

[Roll in deep]

but you have to ask yourself what is growth..
if a person eats a lot and becomes fat that is growth... if a person has a tumour and it grow that is growth... similarly for economy one needs to se the sustainibility of growth and peoples happiness . if thats not achieved like ,y examples its growth but malignant

india is the fastest growing economy in the world because its the only consumption driven economy in asia. all the others are just negative growth

So you mean India growth is healthy while other Asia countries growth is malignant ?

 

[shuttler]

india has a tumour. it is injecting a lot of morphine according to the advice of its quacks for cure and there is a lot of cheerleading delusional boosters! Whether it is benign or malignant, the rest of 2012 is critical!

 

[shelly]

So you mean India growth is healthy while other Asia countries growth is malignant ?

did i say that... i said india will move on and have a healthy growth.

india has a tumour. it is injecting a lot of morphine according to the advice of its quacks for cure and there is a lot of cheerleading delusional boosters! Whether it is benign or malignant, the rest of 2012 is critical!

india removed the tumor in 91. its just a relapse for which we we are getting chemo again.

 

[Roll in deep]

did i say that... i said india will move on and have a healthy growth.

Then why you need to teach me what is growth?

 

[shuttler]

did i say that... i said india will move on and have a healthy growth.


india removed the tumor in 91. its just a relapse for which we we are getting chemo again.

it is going to be a relapse of 91, This time around the world is also mired in deep sickness. So is it PIIGs or india? Bankers have their choices of to whom the chemo is to be applied next in line!

 

[shelly]

Then why you need to teach me what is growth?

this is a public forum , i am free to say what i feel.. if you have a problem ignore..

 

[Neuro]

Roots of all evil is congress ,if congress step down from power today means within a month you can notice improvements. Till then same condition exists.

 

[sangsharma]

did i say that... i said india will move on and have a healthy growth.


india removed the tumor in 91. its just a relapse for which we we are getting chemo again.

Yes..and we need a Tetanus shot too... to cure Mamta Banerjee. The ***** keeps opposing each and every reform.

 

[shuttler]

your government needs to dig into private sectors for the emergency rescue. but it will be short term as the issuing of governmental instruments will bear high interest rates which will cut deeper into your fiscal deficits!

 

[Roll in deep]

this is a public forum , i am free to say what i feel.. if you have a problem ignore..

Then I can talk freely?

I don't think an ecomomy need a huge deficit to maintain its growth is healthy.
And with these huge deficit its growth still even can't rank in top ten in all Asia countries.

And I don't think an ecomomy with corrupt politician became more and more rich, and poor people have to bear much higher taxes and petrol prices than other countries is a healthy economy.

 

[shelly]

Then I can talk freely?

I don't think an ecomomy need a huge deficit to maintain its growth is healthy.
And with these huge deficit its growth still even can't rank in top ten in all Asia countries.

And I don't think an ecomomy with corrupt politician became more and more rich, and poor people have to bear much higher taxes and petrol prices than other countries is a healthy economy.

it may come as a surprise but yes, please talk what you feel like.
i agree with what you say.

In this decade indian economic growth rate will top china at least once or twice.
next decade more consistently.

 

[dearone4u_22]

LOlllllll Welcome to Indian economy..........Kamal hai kamal haiP

 

[laman12345]

In this decade indian economic growth rate will top china at least once or twice.
next decade more consistently.

No Chance

India debt ratio is more worse than Spain

High debt
High unemployment
High inflation
High fiscal deficit
Huge trade deficit
Rupee drops to historically Low
More poor people than 26 poorest africa countires combined!

My Question: Will India Collapse?