India Economy Thread
- Thread starter indushek
- Start date
umm...So new data is in. We have reached about 350 lakh crore, well short of 400 lakh crore. Our inflation is very low and Rs is depreciating (w.r.t to dollar) faster than our inflation! So we have stagnated (or might even shrunk) in USD terms. Soon we will have better picture.
Also, revision has not increased GDP size by any real value. But it is more accurate now.
Also, revision has not increased GDP size by any real value. But it is more accurate now.
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Vikramaditya1
Trusted Member
Bad news is we revised it down by a few billion dollars and kept the growth rate higher. Our inflation data was wrong and the inflation was actually lower the government spent money giving freebies only to take up debt and affect growth absolute shit show.
It's a perfect shit show. We are not exporting nation. We spend. Weak inflation means weak demand.
Imagine crying over lack of inflation. Lost 7% nominal growth to inflation. On the other hand, things are looking up. Growth numbers are going up (7.4% expected this year) plus inflation has reached 2.5%. So we be hitting 10% nominal soon.
This budget has less freebies. May 2026-27 be year of change!
Vikramaditya1
Trusted Member
I hope RBI cut rates down to boost consumption. Cuz wtf are these interest rates with such a low inflation.
hydrabadi_arab
SpeedLimited
India GDP $3.8t for 2025-26 after rebasing. Well short of 4t. Usually rebasing increase GDP.
Growth numbers are still BS. Modi love to manipulate GDP but reality on ground will eventually caught up. Rahil Gandhi will fix India GDP.
Growth numbers are still BS. Modi love to manipulate GDP but reality on ground will eventually caught up. Rahil Gandhi will fix India GDP.
CallSignMaverick
Registered Member
Why would rebasing increase GDP? In India's case inflation was over counted that led to downward revision, while exchange rate depreciation led to decline in nominal GDP numbers.
It didn't really change anything offline, in terms of actual *real* economic output. 8% GDP growth isn't anything great when potential exists for double digit growth as visible by low inflation numbers, that he will have to fake them. Denial won't change it.
And nominal GDP in USD terms is measured using average exchange rate over that period of time, not spot rates. So, $4 trillion.
At least we got highly accurate GDP numbers, without making shit up.
hydrabadi_arab
SpeedLimited
"Major revisions to India’s gross domestic product data Friday showed it will take longer than expected to surpass Japan as the world’s fourth-largest economy." Bloomberg
Looks like India is heading back to 6th largest economy. What a embarrassment for Modi regime. And many Indian economists still don't believe these numbers.
Looks like India is heading back to 6th largest economy. What a embarrassment for Modi regime. And many Indian economists still don't believe these numbers.
Vikramaditya1
Trusted Member
No we aren't. When you post a link read it, it says India will take longer to overtake Japan compared to what was expected to be in 2026.
hydrabadi_arab
SpeedLimited
- USA
- China
- Germany
- Japan
- UK
- India
Dark-Lord
Registered Member
2% actually. Aren't we glad that we are one of the few poor countries not faking our data?
At the rate we are proceeding, we will hit 4.6 trillion by 2030. Good enough for me. We are doubling our purchasing power every 10 years. Most significant in my opinion.
By my estimate, we would finish the financial year at 3.92 trillion so still at 5th place and missing 4 trillion by close margin. Lack of high nominal growth plus falling Rs is doing a number on GDP in USD.
P.S: I revised my earlier estimate. We will come very close to 5 trillion USD by 2030 but still missing it unless we see drastic improvement in export or increase in demand.
P.S: I revised my earlier estimate. We will come very close to 5 trillion USD by 2030 but still missing it unless we see drastic improvement in export or increase in demand.
