Last edited by samantk; 05-01-2012 at 11:26 PM.
it's not fake, bbc report that indian economy is slowing down to 4 percent, and may be 3 percent. learn to read objectively.
nobody care to explain how industrial output growth from 6.8 percent to 1.1 percent? don't shift the focus. you gov have long been faking numbers.
I am a serous economic observer, check my records about Indian economy then tell who's right and who's faking. I have been correctly forecast your numbers, yet your gov is constantly blowing the winds.
Someone has rightly said... your eyes will always see what you want to see.. it depends on the training (?) u give to your minds
The International Monetary Fund (IMF) is an organization of 188 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
India has a strong service sector. Our main customers are USA and EU. If their economies are slowing down then their need for our services go down. So our service sector growth go down. So to sustain this slow down service sector reduses it's need by job cuts and stopping investments in infrastructure development. That bring down the building and development industries growth.
World economies are interconnected and recession is cyclic phenomenon. It is bound to come. No economy in the world is exception to recession. But wrong policy at this moment means making situation more difficult.
No GOI which stood with regional parties specially one like Mrs. Banarji can take strong decisions
I think the inflation part and deficit part is alarming, anyone give a hint on that or your thoughts?
I won't waste my time with trolls, kick in some professional thoughts.
No economy can defy the law of gravity for long. For most of India's history since 1947, the Indian economy has grown at "Hindu Growth Rate" of about 3%, and it appears to be returning to that norm.
Haq's Musings: Indian Economy Slowing to "Hindu Rate of Growth"?
Our defence Industry could have us, we now we import 70% of all our defence needs and it comes to around $21 billion, how much it helps economy if this would have been recycled in India..
Last edited by samantk; 05-01-2012 at 11:41 PM.
The author has a IF in front of the sentence which the OP conveniently ignored."If things remain the way they are, in terms of policy decisions, investments and sentiments, I would go to the extent that the figure may be 3%," says a senior economist with a leading business association.
IMF's prediction still stands at 7.1%. The author is contemplating a 3% growth rate if nothing is done, i.e no reforms etc. Even though I don't like UPA government very much I am confident they have the capability to push through some reforms.
Last edited by kak1978; 05-01-2012 at 11:45 PM.
And a Quote in a BBC article by some random economist is a BBC Report!! -"If things remain the way they are, in terms of policy decisions, investments and sentiments, I would go to the extent that the figure may be 3%," says a senior economist with a leading business association.
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