now that nifty is in green, i can put another growth story of one of it's state Andhra Pradesh, it has been 65 yrs since independence. if we divide it into till 1990(40 years) and after 1990(20 years). the debt of the state was 10000 crores till 1990. between 1990 and 2003 which is another 12 yrs time, the debt became 60000 crores. so we spent 5 times 40yrs money in 12 yrs.
Re: Re: india growth story
by Short Seller on Feb 09, 2012 03:45 PM Permalink
vinit, trading and economy are 2 different things which i said many times, trading buy or sell on signal, but the message is for ppl who have lot of confidence in india's economy.
Re: india growth story
by Short Seller on Feb 09, 2012 03:42 PM Permalink
the story is not yet complete, in another 6 years till 2010, the debt was run to 120000 crores , and last year it will 140000 crores and this year it is expected to be 180000 crores, this is almost double the AP real budget
Re: Re: india growth story
by Arun on Feb 09, 2012 03:52 PM Permalink
Dear SS, all stock markets are running with traders manipulation, now FII's and Indians are believing that thinks will be Ok with in few months(most of the time this will come true), all are expecting that RBI will reduce the rates and growth will be back
Re: Re: Re: india growth story
by Short Seller on Feb 09, 2012 03:53 PM Permalink
around december 20th european banks got $500 billion and that gone into world markets and FED also did the same beginning of the year. only $10B effect we are seeing. free cheap hot money.
Re: india growth story
by Prabir Ghosh on Feb 09, 2012 03:43 PM Permalink
Our West Bengal has a debt of 200000 cores. Previous left government in WB made such debt. So do not worry AP is better. I came to know Maharashtra has maximum debt.
Re: Re: india growth story
by Short Seller on Feb 09, 2012 03:51 PM Permalink
Prabir , i was coming to WB, you beat me to it. 80% planned expenditure, even if govt want to do something they can not do anything. because they can float as long as there is someone to give them loan.
Re: india growth story
by Short Seller on Feb 09, 2012 04:00 PM Permalink
we did not have money to pay for the old loans we have taken, so we made NRI deposits interest to 9% from 4%, we are paying previous loans with new loans, just like Greece every country will eventually need to pay during which time the reverse process will happen. expansion will be replaced with contraction.
Re: india growth story
by economists on Feb 09, 2012 04:11 PM Permalink
your fig are simply factored on the depreciation of money that govts hedges with forward loan payments from bonds.... no worries
