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Current Status of Indian Economy

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    Default Current Status of Indian Economy

    hey guys....I have a doubt about the current status of Indian Economy....Is it in economic slowdown or slow growth ?

    please clarify and Post your Commnets

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    Quote Originally Posted by basant View Post
    hey guys....i have a doubt about the current status of Indian Economy....Is it in economic slowdown or slow growth.....please clarify
    I would say stable growth.
    Please do all of us a favour and read more. If you cannot find an answer, google more.

    And if you still don't understand, read newspapers. everyday

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    Member Pr0udy's Avatar
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    Of course, Indian economy is growing. And the rate of growth is more than the growth of many developed country. But what we need is a uniform growth, The condition of the poor people in our country should also be improved at a faster rate.

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    current economy growth is good. but revenue reaching to govt is not according to the growth.

    It has been diverted to some other's pocket.

    if it is properly reaching to the govt and utilized with 100% accountability then India will be definitely a no1 country in the world

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    Indian Economy is much better compared to some other giant economies right now.

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    Default Harsh facts of Indian economy

    Based on CPI:

    USA-Current inflation rate -2.63%
    Inflation from January 2002 to Jan 2010- 22.35%
    Per capita Income of USA-48000 US $
    Cost of a good flat in NY USA-2.3 lac $
    Short term interest rate in USA - 1.0-1.5%

    Inflation in India from January 2002 to January 2010- Actual (on shopping counters) and not official figures of Central Government -200 to 400% for various items including property.

    Per capita income in India-38000 INR
    Cost of a good flat in Delhi-40 lacs/(NCR region 25 lacs INR)
    Short term interest rate in India-5-6%

    The manner in which Indian Politicians are misleading the nation by giving false explanations and toning down inflation and price rise in country deserves condemnation. The figures in USA are despite Iraq and Afghanistan wars and World Trade Centre tragedy.

    Our PM and his cabinet colleagues have been singing 'demand recession' in world and at the same time the prices are rising in India so rapidly. How any one can explain this?

    There is complete failure of Current economist and PM and his government.There is no way to explain huge price rise in basic commodities and food items in India to the tune of 300% in last 8 years.Indian Manipulated and Corrupt media and congress are managing to deflect the harsh realities by portraying Man Mohan singh,Montek singh and Chidambram etc as great Indian economics experts.But on ground they are utter failures.

    Women reservation bill was brought suddenly to please women and deflect price rise issue. These cheap and outdated gimmicks don't work anymore.
    The corruption in country has gone up considerably and property is now out of reach of average Indian.

    If we call this growth and reforms, we don't think we need such growth.
    India's labor competitiveness has been severely eroded by mindlessly supporting hike in salaries and wage rates; specially of government servants whose productivity is poor and now they work even lesser than before in terms of hrs/week annual basis.

    No effort have been made to spend just Rs 1000 crores per year to expand judiciary and reform judicial system and laws in last 8 years excepting passing a few amendments in laws.Several CJIs are on record mentioning just under 1000 crore expenses required to speed up judiciary.Why this was not done?

    The food prices in India have not gone only in those items that are imported.Prices have gone up across board in all food items majority of which are domestically produced and used.The manner in which illogical,unsupported and wild explanations are made for pathetic condition in country and loot and plunder going on is seriously condemnable.

    Indian Government needs to explain point by point factors for huge price rise sector wise and not make generalized vague remarks.

  7. #7
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    current economy of indian are very strong its growing nearly 7 to 8 percent yearly
    soon india will be a richest country in the world chears for that
    hurrey

    Thanks

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    Default How is India Placed?

    India is certainly a developing economy…no doubt about the fact but more should be done as to fasten the rate. India does have the potential but it is restricted by the evil forces of corruption that work high time. a 8 % annual growth rate is a considerable one taking into account the global slowdown but it should have been more with the series of 5-year plans that have been constituted.

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    Default Current Status of Indian Economy

    Well Indian economy is like two faces of the same coin. One side is roaring like a Lion and saying that Indian currency is gaining value in the market. While the other side it is compelling us to look into the core picture of India, where there is still misery. Looking from the international market standards, we can say it is economic slow growth or even slow down, but actually it is difficult to say if there is any growth at all. According to economic reports Indian is standing tall among the noble nations, but inside the value of Indian rupee is falling in its very own market.

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