S&P: May Downgrade India (Debt at 70% of GDP)

[EjazR]

no，check the latest data.india 9.9%，china 10.4%.

Maybe the CCP censors the IMF website in China but the 2010 results are available for anyone to see here

http://www.imf.org/external/pubs/ft/weo/2011/01/pdf/c1.pdf


And yes India GDP growth rate was 10.4 vs Chinese 10.3. These are NOT projections, these are calculated figures for the year 2010, released in 2011. So these will NOT change.

 

[Roybot]

Maybe the CCP censors the IMF website in China but the 2010 results are available for anyone to see here

http://www.imf.org/external/pubs/ft/weo/2011/01/pdf/c1.pdf


And yes India GDP growth rate was 10.4 vs Chinese 10.3. These are NOT projections, these are calculated figures for the year 2010, released in 2011. So these will NOT change.

Yeah there was an article in the economist about that.

India outpaces China: Winning the growth World Cup | The Economist

 

[IND151]

Maybe the CCP censors the IMF website in China but the 2010 results are available for anyone to see here

http://www.imf.org/external/pubs/ft/weo/2011/01/pdf/c1.pdf




And yes India GDP growth rate was 10.4 vs Chinese 10.3. These are NOT projections, these are calculated figures for the year 2010, released in 2011. So these will NOT change.

you have busted his claims with solid facts.

 

[IND151]

India reserve is around $300 billion....so why so big fuss...we have money to pay our debt....so chill Chinki guys

don't use word which you have used and is second last in your post

be civil.

remember cheap words are last resort of the person who cant debate

 

[northeast]

how about this.
http://www.imf.org/external/pubs/ft/weo/2011/02/pdf/text.pdf
on page 21，it says china 10.3%，india 10.1%.

 

[Roybot]

how about this.
http://www.imf.org/external/pubs/ft/weo/2011/02/pdf/text.pdf
on page 21，it says china 10.3%，india 10.1%.

Open your eyes and read.

India outpaces China: Winning the growth World Cup | The Economist

 

[KRAIT]

Indian households have so much gold that we will never go bankrupt.

Pacchas tola ka hai , pacchas tola..... Anyone remember movie "Vaastav"

 

[northeast]

Open your eyes and read.

India outpaces China: Winning the growth World Cup | The Economist

how can you not understand what's the difference between september and april

 

[kingkobra]

Open your eyes and read.

India outpaces China: Winning the growth World Cup | The Economist

that article really makes sense...we calculate GDP in different way...i knew that china counts GDP "by expenditure", adding up all the spending on domestically produced goodies.i saw a documentary once on youtube which showed that chinese bosses build too many residential and commercial buildings in their states to increase their GDP(which remains unused and hence called as ghost cities)...

 

[anonymus]

Disagree, 78% debt is already dangerous too high, at Crisis level

by the way,

Bad News: Your Finance Minister said : Growth could fall to below 7%
Difficult months ahead growth could fall to below 7%: FM

trollson,

Do you have any Idea about debt characterstic.Have you even gone to school??

The Consolidated debt(Centre + State) level of India was at a concerning level of 78.8% of GDP at the end of March 2010(13th Finance commission),the basis on which the report concerning this thread was written.

However for determining vulnerability of Public Debt following criteria's are to be taken into account

1.Composition

2.Refinancing requirement

3.Investor Base

The attributes of central public Debt,which place it in a distinct class,making it less vulenrable to that of Eurozone are

1.The share of Sovereign public debt in total public debt was 10.8% at the end-september 2010.The bulk of Debt was from multilateral and bilateral and FII investment in Government securities accounted for less than 1% of total public debt.

2.India does not access international capital market as a sovereign entity thus refinancing risk due to foreign commercial investors are absent.

3.Domestic Debt accounts for 89.2% of total government sovereign debt.Out of this 11.5% is in form of non-marketable categories like NSS.The remaining 77.7% are marketable securities with 73.2% in date securities(long term) and 4.3% in T-Bills.

4.In dated securities banks have 51.9%,Insurance companies(mainly LIC) 22%.Given the high SLR ratio requirement for banks and the fact that majority of Banks and Insurance companies remains in Public sector,refinancing risk is minimal at best.

5.Average maturity of GoI bonds is 10 yrs,making it less vulnerable to refinancing risk.

for statistics:http://indiabudget.nic.in/es2010-11/estat1.pdf

 

[lamlap]

http://img4.bbs.**********/uploadfiles/images/2012/01/29/0129172635570.JPG


Countries by Debt of GDP

Greece = 146%
Italy = 103%
Ireland = 92%
Portugal = 88%
-------------------
India = 78%
-------------------
Austra = 72%
France = 67%
Spain = 60%


India may face rating downgrade: S&P - Indian Express
Moody’s downgrade India
India could face ratings downgrade due to widening fiscal deficit


Due to the fact that India's record trade deficit

Debt at % of GDP

My Forecast

2006 = 38%
2008 = 48%
2010 = 78%


2012= 108%
2015= 148% (higher than Greece, Italy)

(Piigs) Greece, Italy Portugal, Spain ------> Will India be the next?

2015 is interesting

 

[lamlap]

Some Indians always giving fake data, so I correct them

 

[lamlap]

Some Indians always giving fake data, so I correct them

2010 GDP FINAL RESULT = 8.5% only
Jun 3, 2011


BANGALORE - A drop in India's economic growth rate in the three months to March 31, to its lowest over the past five quarters, Gross domestic product (GDP) growth slowed to 7.8%, surprising the market.

The full-year gross domestic product (GDP) growth for the financial year that ended in March was 8.5%, lower than the advance estimate.

Asia Times Online :: South Asia news, business and economy from India and Pakistan

IMF made a Wrong Prediction in April, 2010

 

[Yaduveer]

India emerges as a strong investment destination at World Economic Forum summit
PTI | Jan 29, 2012, 06.04PM IST

DAVOS: As the annual World Economic Forum summit heads for close today, the India story has emerged even stronger with the business world appreciating the country's fine balance between democratic processes and economic growth.

A few even foresee the possibility of the country hosting a Davos-level congregation of the world's rich and powerful at some point in the future.

The votaries of the Indian growth story include the likes of global rating agency S&P, which not long ago faced the ire of the US administration for downgrade of America's top-notch sovereign creditworthiness rating.

S&P President Douglas Peterson said that the agency has an investment grade rating on India, with a stable outlook and the country is more likely to improve further on this.

Brushing aside the concerns of slow reforms and the perceived notion of 'policy-paralysis', he said, "In a democracy, the policies are made after a prolonged dialogue and that is indeed a healthy practise."

Apparently, impressed with the positive discussions about India, Peterson went on to say that it was quite a refreshing change that the talks have moved away from the European crisis to India at Davos.

Still, India on its part reaffirmed its commitment to the economic reform agenda.

Commerce and Industry Minister Anand Sharma said reforms would certainly take place and even the much-talked about FDI decision for retail was only on a pause and not a reversal.

"And, remember that a pause cannot be for a long time," he said.

Senior industrialist and Bharat Forge group chief Baba Kalyani said that India can certainly grow by 8 per cent.

---------- Post added at 08:05 PM ---------- Previous post was at 08:05 PM ----------

India emerges as a strong investment destination at World Economic Forum summit - The Times of India

 

[lamlap]

2011 GDP India = 6.9% (est)

INDIA FM: our growth for 2011-12 may be around 7% plus or even less than that.
Difficult months ahead growth could fall to below 7%: FM