The name truly stinks to high heaven. It imports stooging to British imperialism,colonial hangover of 200 years last but by no means the least, seeping of jihadi barbarism into the society at large.
Re: India:the most poor country in the world..
by Anand on May 29, 2009 01:15 PM
forget GDP.
these are all technical jargons which does not seem to affect the common man and it is only for the rich business people and for the so called economists.
Now when the crude oil prices were rising it had its impact on inflation which also got raised and the prices of all commodoties went up by more than 100%. Now when the inflation came down did the prices of essential commodities came down? no. But now the economists will talk of consumer index and so on and not inflation..
Re: Re: India:the most poor country in the world..
by carryon on May 29, 2009 01:19 PM
Inflation figure may be correct. Because its not calculated over fiscal year. Its calculated over exactly 1 year back prices. And 1 year back from now, the prices were already up and we were hovering around 2-digit inflation figure. Thats why Inflation figure has no meaning alone. Impact of inflation can be considered alongwith GDP and consumer spending. Bottomline is economy is too critical now and the recovery is anticipation only !!
Re: India:the most poor country in the world..
by Deviprasad on May 29, 2009 01:05 PM
Even after more than 50 years of Congress ruled India for more than 50 years & 70% Indian are poor and do not have social security.Phirbi mera Bharat Mahan. Congress Govt is soft on Terrorists, Price Rise and Corruption. In our country politicians fool people based on religion & castesim and false promises.
Re: Re: India:the most poor country in the world..
by james on May 29, 2009 01:08 PM
Nothing will change..either u an i have to change and get used to those corruption and become selfish...
Anyway we will get 5000Rs in our next election...Lets prove our great democracy to world..
Re: Re: Re: India:the most poor country in the world..
by karuna karan on May 29, 2009 01:11 PM
You put all your money in foreign bank and say you are all beggars. you are all corrupt.
Re: Re: India:the most poor country in the world..
by chethan dr on May 29, 2009 01:09 PM
All these 50 years the people who voted for Congress is Mahan. People don't want development oriented government, they only need corrupt and non working government who sit in power for all 5 years without doing any work. 2009 Loksabha elections is proof for that and corrupt Indian Media is also the reason for that.
Re: Re: Re: India:the most poor country in the world..
by james on May 29, 2009 01:13 PM
Its waste of talking..Never mind..we are slaves.and will be slaves forever.
Actually GDP during 08-09 is only 4.7 % if you take out artificial boost in GDP by 2% due to steep increase in the salaries of GOVT and other Public Sector employees Any way we should be happy since our new govt would secular Andhra CM has already gone to BETHELHEM to thank Lord ISA Yesu for his election vivtory OTERS will go to Vatican soon to prove their secular credendials OUR congress Hindus will not go to temple for fear of being branded as communal6
Re: GDP
by himanshu nayak on May 29, 2009 12:56 PM
Mr garg.
i have no idea as to how you came to the conclusion that the increase in the salaries of the Govt and Public sector employees had a 2% effect on the GDP. where in the actual fact is the salaries in real term have increased by only 10-15% (in the ten year gap between the respective wage revision ) which is equivalent to what employees in the private sector in an year. plus the fact that the govt only paid out only 40% of the arrears.
Re: GDP
by S Shrikanth on May 29, 2009 12:48 PM
Absolutely, If you take out 2% of the Govt spending and 3% due to population increase (112 crore to 115 crore), the economy has actually grown by 1.7%.
Do not go on Sensex. It is the playground of Super rich corporates and FIIs.
GDP is falling but sensex is rising! Bharat is becoming poorer but India is shining! Youth from Kuleen gharanas are up but mother India's son are becoming uneployed! Where we are heading- is not it is effect of recession! Future years are going to be difficult.
Re: DP falling, Sensex rising
by A Manohar on May 29, 2009 12:33 PM
Dr Thakur, This IS effect of recession.. Lets get our basics right before condemning anything.as far as your comparison of sensex and GDP,in the period of 4th quarter also, sensex was not rising.. it is rising just now.. also, if you see the GDP comparing to many other countries, its lot lot better..
Re: Re: DP falling, Sensex rising
by Nitesh Mittal on May 29, 2009 12:39 PM
It is better because currently their r only two growing markets India and china in the world, but it is not taking pace as it shud be; it is not because of recession it is because of the foolishness in policy making and distributing portfolios like sweets
Re: Re: DP falling, Sensex rising
by S Shrikanth on May 29, 2009 12:39 PM
A country with 115 crore population, per capita income $1016 and GDP $1 Trillion (Japan with 12 crore population, GDP $5 trillion and per capita income $38000).
Re: Re: Re: DP falling, Sensex rising
by carryon on May 29, 2009 01:13 PM
Well said srikanth.. everybody tells that India affected least with crisis, the fact is India never grew that much to have a drastical fall.
And about the market, the recovery is anticipation and hopes only.
Re: DP falling, Sensex rising
by S Shrikanth on May 29, 2009 12:36 PM
This is the most surprising thing. In the last 20 days Sensex has gained over 25%. How can this happen when GDP is falling, the sensex is rising.
The market should had fallen after elections due to fractured mandate and the jubo of all Ministery size which will eat up exechequer's money and weaken the economy.
Once again it has been proved that Sensex has nothing with the economy of the country, it is a manipulation centre of the super rich people. They are trying to pull common man to put his money and then they will suck it up later.
Re: Re: DP falling, Sensex rising
by Nitesh Mittal on May 29, 2009 12:40 PM
absolutely correct; indirect looting the common man in the common minimum programm of Congrss
Re: Why people of Maaharastra do not work
by Abhishek jain on May 29, 2009 12:21 PM
So u started this. I am not marathi still i am answering this... Marathis are not called ghattis SOme plp who stay near ghats of lonavla are called with such name which sudn't be taken badly.
One more thing even today maharastra and mumbai are best performing state of india and i know how other southi states perform.
Why r u plp feeling u left behind and keep cribing...
I know how many of u speak hindi when someone from north comes to south.
And someone tell u plp to speak hindi suddenly mumbai becomes metro n all...
Re: Why people of Maaharastra do not work
by Amey Joshi on May 29, 2009 12:19 PM
What about u? U pig eat s h i t of us and then spit venom others. Get lost from here u moron.
India's economic growth beats forecastsMay 29, 2009 - 4:34PM India's economic growth slowed to 6.7 per cent in the financial year to March 2009 from nine per cent a year earlier, hit by the global downturn but still beating many analysts' forecasts.
Asia's third-largest economy grew by 5.8 per cent in the fourth quarter, down from 8.6 per cent in the same year-earlier period.
The performance surprised many analysts, who had expected growth to be about five per cent in the fourth quarter and in the range of 6.0 to 6.5 percent for the full year.
The figures came as a boost to the newly elected Congress-led government, which has said it will make reviving growth the top priority even at the risk of hiking India's large fiscal deficit.
The government is hoping to revive growth to around nine per cent, at which Asia's third-largest economy was expanding annually before the global financial crisis hit.
The government says it needs such growth levels to lift hundreds of millions of Indians out of poverty.
Re: but this is what you will find on BBC and CNN
by carryon on May 29, 2009 12:17 PM
it will make reviving growth the top priority even at the risk of hiking India's large fiscal deficit.
Practically very contradictory is the above sentence. I am surprized, how the Govt is telling this sentence.. Or may be CNN misinterpreted the sentence from FM.
Till yet, FM only gave 1 interview to CNBC and i remeber every sentence and understood the irritated voice over the current complexity our economy has now
Re: Re: but this is what you will find on BBC and CNN
by Arun N on May 29, 2009 12:20 PM
Honestly, I would put my money on established news agencies instead of has beens! But then, look inwards at your own logic, you think CNN misinterpretted or the FM is useless....but then,,, who are you to comment so expertly? your credentials? what's your responsibility and how come CNN or CNBC has not interviewd you? bcoz you do not take responsibility over your own words! it's your words over thiers and i go with CNN anyday!
Re: Re: Re: but this is what you will find on BBC and CNN
by carryon on May 29, 2009 12:30 PM
My friend..
I never told FM is useless. The real interview i heard, he is too worried about fiscal deficit. He never told that he will take a risk on fiscal deficit. And Kaml Nath already made it clear that there is no room for any special package to boost economy immediately.
Then how can CNN tell like this. Another thing, if really you are attached to media, then ofcourse I dont want to remind you, what MISINTERPRETENTION means to news writers !!
Re: Re: Re: Re: but this is what you will find on BBC and CNN
by carryon on May 29, 2009 12:37 PM
I live outside India. My proffession is not economist but I am a part time trader. Ofcourse i have never been interviewed by CNN but I made a profit from the falling market :)
Re: Re: Re: but this is what you will find on BBC and CNN
by S Shrikanth on May 29, 2009 12:44 PM
Mr Arun, on what basis one can believe in you. You are not an economist as well.
People on this boards are comon men,and we post the way we perceive the things happening. The fact is that wise economists mostly fail and the common man is right most of th time.
Re: Re: Re: but this is what you will find on BBC and CNN
by S Shrikanth on May 29, 2009 12:41 PM
Mr Mukherjee is of Indira Gandhi Era (1982-84), so his mentatlity is the same.
Re: Re: Re: Re: but this is what you will find on BBC and CNN
by carryon on May 29, 2009 01:32 PM
@Arun....... The verbal transcript of one question to FM..
Q: Will you not obsess about the state of the fiscal deficit because that is an important question? As a Finance Minister is that a top priority for you or is growth a top priority?
A: I have priority for both growth and maintaining fiscal prudence, but at what point of time which will get more priority is to be determined depending on the situation. For the year 2008-09, we have gone beyond the figures projected in the interim Budget. What is needed right now is stimulus, but at the same time we cannot indulge in fiscal profligacy. We shall have to restore the balance. But it is difficult for me right now to say at what point of time and what will be the time span.
