India Economy Thread

[poetess]

Sigh...What prompts you guys to slam your head against a wall, again and again?

Careful with that wall—you keep hitting it, eventually it might be the wall that breaks

Bollywood cannot help any of you here.

 

[Jaeger]

Yes, I question methodologies when they are relevant to the claim being discussed. This thread is about India’s GDP methodology, not how Fitch, S&P or Moody’s construct sovereign credit ratings. If you want to open that discussion too, I'm perfectly happy to read the methodology.

Indian GDP growth rate numbers are being given out by these credit rating agencies as well as few Multilateral lenders banks and they all differ from each other as well Indian government's projected growth rate by a few percentage points.

I believe these would be the best people to ask on what their Methodology was for calculating growth rates of countries.

 

[GatlingGunZ]

More trade deals. More heartburn to our insecure neigbours.

 

[Pioneer]

The same location as World Jianmin Center

The answer is: India.

 

[Jaeger]

Move your Modi brain. The Indian variant virus has already passed for 5 years. It will soon be 2027. Where is the 5 trillion?

Yes it has been a few years since Wuhan virus washed over the world and Indian economy suffered because of that.

But thankfully Indian economy has fully recovered and is almost growing twice as fast Chinese one.

One of the big contributors to that is that Indian government is letting USD - INR exchange rate slide, allowing Indian goods and services to become more competitive in foriegn markets.

So even though Indian economy might have grown at very healthy 7.8 percent last year. Indian government allowed INR to fall by 8.7 percent, showing almost net zero growth, year over year in USD terms, once you account for inflation.

Which is enough to fool ametures economists like you into believing that India economy is not doing well.

So when and if Indian government decides that USD - INR slide has to be stopped or reversed by pumping out forex then suddenly Indian GDP will jump up by a half trillion dollars if not more.

However I believe that would not be an economically sound move.

 

[Pioneer]

Yes it has been a few years since Wuhan virus washed over the world and Indian economy suffered because of that.

But thankfully Indian economy has fully recovered and is almost growing twice as fast Chinese one.

One of the big contributors to that is that Indian government is letting USD - INR exchange rate slide, allowing Indian goods and services to become more competitive in foriegn markets.

So even though Indian economy might have grown at very healthy 7.8 percent last year. Indian government allowed INR to fall by 8.7 percent, showing almost net zero growth, year over year in USD terms, once you account for inflation.

Which is enough to fool ametures economists like you into believing that India economy is not doing well.

So when and if Indian government decides that USD - INR slide has to be stopped or reversed by pumping out forex then suddenly Indian GPD will jump up by a half trillion dollars if not more.

But the trade deficit has broken records.

 

[Pioneer]

Despite China's export restrictions, India still experienced a record-breaking trade deficit.

 

[Jaeger]

But the trade deficit has broken records.

India's overall deficit shrank to $9.41 billion in August, aided by a 25.4% year-on-year jump in total exports ($82.68 billion).

 

[Pioneer]

Of course.This is questionable. Few Chinese care about the Indian economy. Including myself (replying in this thread for the first time). There may be false flag operations.

 

[Thinking_Hard]

Of course.This is questionable. Few Chinese care about the Indian economy. Including myself (replying in this thread for the first time). There may be false flag operations.

This was your first time bud? You must be one of the few then.

 

[Vikramaditya1]

Well, it seems no one could give us a proper summary or update apart from bleating on about how all was well. Well, it isn't well. We've got trust issues about India's GDP. Thats it

That's the thing. No one needs to, we have countless data which we have already given in the previous posts including an explanation on why GDP data is accurate now.
You have opinions of some rando economist with dubious history or some news paper rag writing for clicks.

Lastly no one gives a rats ass about your trust, because data dissemination is a statistical issue not based on feelings, that's why Indian GDP was revised down without any problem.