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

[KRAIT]

Chill guys, he wasn't being sarcastic/mocking. He wanted to present a valid point. He explained it in earlier post. He just used wrong word "failing" and we all attacked him.

India still a foreign investment hot spot: Ernst & Young
http://timesofindia.indiatimes.com/...hot-spot-Ernst-Young/articleshow/11672885.cms

 

[TalkToMe:D]

Okay first I have to clarify this post is NOT Anti-India in anyway I am mainly stating my observations:

India had a big ambition. And Ambition it worked hard for which is to reach the "SuperPower" status a status extremely hard to achieve and in all due fairness only an idiot will say that India has no potential to be one. In order for a state to expand its GDP it needs to place very careful investments in itself. For instance Infrastructure and Education being one of the main if not THE main investments a state has to do.

India wanted to jump that and directly go for Industrialization. It started investing but sadfuly more like "Gambling" in Industrial projects which is evident by everyone. This gamble had two directions:
1-Win the bet and then create enough money to make even larger Infrastructure and Education projects which means it will solve more problems this way and in a faster rate.
2-Lose the bet and then go back to square one. (A deficit is any state's nightmare) Running on deficit means a state MUST start pay its debts and soon or in the long run Industrialization will go a step backward rather than forward.

I already knew from the beginning that India was aiming high, too high and refused to let it happen the natural way. India eyeing China was under immense pressure to compete. However the Chinese have started Education and Infrastructure work earlier while India was sadly too busy with wars and corruption that it missed the train. Would have been better if they waited for the next train to come but they decided not to.

In short words "India over shotted" India still has the potential but as I can see it has suffered a blow back.

Well and thank you but all this Super Power concepts are BullShit, it is a few who popularise such news to earn popularity and a few super power wannaable , the All this defence stuffs available now is to protect the nation form external threats, No indication that India have plans to project power far and distance place. India is not an ally of any such power projection alliance too. It really is foolish to dream of super power status when we have a big population below poverty. Priority is to feed them then becoming super power. India will never be a super power before She develops the whole of the country to a developed status, aster that we can think about domination the world (lol). Super Power ambition over Self development is stupidity. We just need enough to encounter threats not to wage war in far away nations.

 

[IND151]

^^ i agree India's pace of industrialization is slow.

but India's economic growth is steady.

in 2006 India was a billion dollar economy

today it is 1.84 trillion $ economy.

the reasons of slow down is inadequate infrastructure and not sufficient policies.

but GOI has taken many right decisions and our steadily increasing GDP is result of that decisions.

and India since 1950s have given priority to heavy industries and today India is 5th biggest producer of steel, second biggest producer of cement in the world.

so our Govt is not that bad.

once GOI takes harsh steps against corruption and implement even more efficient policies, India will make even more progress.

I already knew from the beginning that India was aiming high, too high and refused to let it happen the natural way.

your aim should be high. only then you work at your maximum capacity.

 

[Yaduveer]

No immediate threat to India's sovereign rating: S&P--http://articles.economictimes.indiatimes.com/2011-08-16/news/29889484_1_sovereign-rating-sovereign-analyst-takahira-ogawa
PTI Aug 16, 2011, 12.59am IST

So chill... and 95% debt is internal.(5% is external) so India would be one of the last country to collapse.

P.S. Davidson plz show your true flag.

 

[KRAIT]

No immediate threat to India's sovereign rating: S&P--http://articles.economictimes.indiatimes.com/2011-08-16/news/29889484_1_sovereign-rating-sovereign-analyst-takahira-ogawa
PTI Aug 16, 2011, 12.59am IST

So chill... and 95% debt is internal.(5% is external) so India would be one of the last country to collapse.

P.S. Davidson plz show your true flag.

You think asking him in civil way or in any way will make him reveal his true flag.

 

[northeast]

I seriously doubt the potential of india，considering how messy indian education system is.
---------- Post added at 05:25 PM ---------- Previous post was at 05:25 PM ----------

india should aim southeast asian countries，not china.

 

[Veritas]

I seriously doubt the potential of india，considering how messy indian education system is.

---------- Post added at 05:25 PM ---------- Previous post was at 05:23 PM ----------

india should aim southeast asian country，not china.

what do you know about Indian education system ?

 

[northeast]

what do you know about Indian education system ?

well，i know indian get the second worst score in the pisa test.

 

[EjazR]

Some people don't realise that the 2010 Indian GDP growth rate was 10.4% faster than China's 10.3% according to IMF. The 2011 results are not even out yet.
And this is despite the doom and gloom predictions.

A high external debt ratio is what is a matter of concern which for India is around $326Billion or around 16% perfectly resonable as of Dec 2011

If you look at overall country debt including govt. debt which is a better indicator of a countries economy. The Chinese have a higher percentage of debt to GDP

India’s debt is 129pc of GDP, China’s 158pc of GDP

 

[Veritas]

well，i know indian get the second worst score in the pisa test.

how much did you score in the pisa test ?

 

[northeast]

Some people don't realise that the 2010 Indian GDP growth rate was 10.4% faster than China's 10.3%

And this is despite the doom and gloom predictions.

A high external debt ratio is what is a matter of concern which for India is around $326Billion or around 16% perfectly resonable as of Dec 2011

If you look at overall country debt including govt. debt which is a better indicator of a countries economy. The Chinese have a higher percentage of debt to GDP

India’s debt is 129pc of GDP, China’s 158pc of GDP

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

 

[Holmes]

Hey U Davidson, Why don't U show Real flag and then talk?

Seriously.........

 

[northeast]

the external debt of india has increased to $300billion ，terrible.

 

[Veritas]

the external debt of india has increased to $300billion ，terrible.

17% of GDP... next complaint.

 

[IND151]

the external debt of india has increased to $300billion ，terrible.

Rank Country External Debt[2]
US dollars Date Per capita[3][4][5][6]
US dollars % of GDP[7][8][9]
1 United States 15,041,163,000,000 30 June 2011 47,568 99
— European Union 13,720,000,000,000 30 June 2010 27,864 85
2 United Kingdom 8,981,000,000,000 30 June 2010 144,338 400
3 Germany 4,713,000,000,000 30 June 2010 57,755 142
4 France 4,698,000,000,000 30 June 2010 74,619 182
5 Japan 2,441,000,000,000 30 September 2010 19,148 45
6 Ireland[10][11] 2,378,000,000,000 10 November 2011 519,070 1,165
7 The Netherlands 2,344,296,360,000 3rd quarter of 2010[12] 226,503 344
8 Italy 2,223,000,000,000 30 June 2010 est. 36,841 108
9 Spain 2,166,000,000,000 30 June 2010 47,069 154
10 Luxembourg[note 1] 1,892,000,000,000 30 June 2010 3,696,467 3,443
11 Belgium 1,241,000,000,000 30 June 2010 113,603 266
12 Switzerland 1,200,000,000,000 30 September 2010 154,063 229
13 Australia 1,169,000,000,000 31 December 2010 est. 52,596 95
14 Canada 1,009,000,000,000 30 June 2010 29,625 64
15 Sweden 853,300,000,000 30 June 2010 91,487 187
16 Austria 755,000,000,000 30 June 2010 90,128 200
— Hong Kong 750,800,000,000 31 December 2010 est. 105,420 334
17 Norway 643,000,000,000 12 August 2011 131,220 141
18 Denmark 559,500,000,000 30 June 2010 101,084 180
19 Greece 532,900,000,000 30 June 2010 47,636 174
20 China 529,200,000,000 31 December 2010 est. 396 5
21 Portugal 497,800,000,000 30 June 2010 46,795 217
22 Russia 480,200,000,000 30 November 2010 est. 3,421 33
23 Finland 370,800,000,000 30 June 2010 68,960 155
24 Korea, South 370,100,000,000 31 December 2010 est. 7,567 37
25 India 326,600,000,000 30 September 2011

List of countries by external debt - Wikipedia, the free encyclopedia

as you can see many nations having smaller economies than India have higher external debt than India.

for example, S Korea, Canada.

if their debt is not worrisome how is India's?