India: Sick man of Asia ???

Discussion in 'Economy & Infrastructure' started by nrupatunga, Aug 19, 2013.

  1. nrupatunga

    nrupatunga Senior Member Senior Member

    Joined:
    Feb 10, 2013
    Messages:
    2,307
    Likes Received:
    949
    Location:
    BendakaLuru
    Actually i wanted to name the thread as '"India: Sick man of asia" as put out by one analyst qouted in the article. But didn't want a too negative self-critical title. But it seems india is currently or would very soon be the sick man of asia.

    India: Sick man of asia???
     
    Last edited: Aug 19, 2013
  2.  
  3. nrupatunga

    nrupatunga Senior Member Senior Member

    Joined:
    Feb 10, 2013
    Messages:
    2,307
    Likes Received:
    949
    Location:
    BendakaLuru
    Re: A Summer of Troubles Saps India’s Sense of Confidence

    @Singh, is it possible to change the thread heading?? Maybe india is sick man of asia now. :sad: :sad: :sad:
     
    Last edited by a moderator: May 10, 2015
  4. Vishwarupa

    Vishwarupa Senior Member Senior Member

    Joined:
    Sep 15, 2009
    Messages:
    2,030
    Likes Received:
    2,208
    With UPA pushing Food bill today just for the sake of winning future election, India will definitely become sick & lean leaving Indian economy in dolldrum. Foreign reserve of just $ 278 billion, with election around the corner & all politicians will be playing blame games & will not be concentrating on the revival of the economy. I feel tough times ahead for poor & middle class.

    UPA should restrict importing of luxury items, luxury cars etc & encourage exporting( at least should initiate the process at the earliest).
     
    Last edited: Aug 20, 2013
  5. vishwaprasad

    vishwaprasad Regular Member

    Joined:
    Aug 10, 2012
    Messages:
    357
    Likes Received:
    117
    Just a temporary phase because of corrupt leadership....have faith....INDIA IS HERE TO STAY..... :)
     
  6. nrupatunga

    nrupatunga Senior Member Senior Member

    Joined:
    Feb 10, 2013
    Messages:
    2,307
    Likes Received:
    949
    Location:
    BendakaLuru
    An article from jagannath.

    Why Sensex, rupee are crashing: Mkt has lost faith in UPA
     
  7. hello_10

    hello_10 Tihar Jail Banned

    Joined:
    Nov 17, 2012
    Messages:
    1,880
    Likes Received:
    670
    Location:
    unconfirmed
  8. hello_10

    hello_10 Tihar Jail Banned

    Joined:
    Nov 17, 2012
    Messages:
    1,880
    Likes Received:
    670
    Location:
    unconfirmed

    RBI would fix Rupee Level at 71, the only way to Keep CAD Under Control

    you can't import more than $500billion/ year till 2015/18, considering the worst scenario

    India won't be able export more than $300/$400billion by 2015/18, as the European Markets are finished except few like Germany. and there is a limit US may borrow debt to support world market.

    with the above 2 points, we do know that India is having $300billion export since 2011, and it would be almost same this year also, then its because first European markets are on free fall, being bankrupted one by one, hence the export couldn't increase. and at the same time US did borrow debt during last 3 years, which supported the world economies to an extent. but there is a limit, the US may borrow debt to maintain its $2.0trillion+ import from other countries, while the EU28 economies haven't reached their lowest yet :nono:. too many Austerity there but still debt is increasing and its around 92.5% to GDP of Eurozone to date. and its also considering the fact that Germany and few other european economies could reduce their debt during last few years while there is no control on the fall of other European economies, stating this 'two way' European future.......

    and here, China has been blamed for keeping its currency lower to gain on the export side and hence their Import stands at $1.95trillion and Export at $2.1 trillion by the last financial year, registering a Trade Surplus this way by a margin of around $150 billion. while on the other side, Indian rupees was estimated to be over valued by 17.6% at 60/USD? then, is there any surprise why trade deficit of India stood at around 66% to its export, hence bring CAD to so high level this way???? (export of India at $300billion and import at $500billion by 2011 to 2013) :toilet:

    => Despite touching 60, rupee still 17.6% overvalued: Nomura - The Times of India

    your CAD worries is directly related to your importing power, which is because of Over Valued Indian Rupees. and you need to depreciate Indian Rupees to the level where it may make the imported products "expansive enough to be imported". :thumb:


    Short Time Pain will Bring Long Term Benefits

    here, we find, Indian companies have been struggling due to the imported Chinese products, due to "under valued Yuan". and if India produce the same products domestically, it will first provide more jobs to the Indian workers, hence increasing both, the direct and indirect taxes this way. then why is there any reason to keep importing those products which may be produced domestically, and its not possible until you make the imported products, to be expansive enough to be imported? (the short term pain of higher petrol/diesel prices will finally benefit India in future. :truestory:)

    the world is changing and there is a limit, the US can borrow the debt to maintain their current $2.0trillion+ import. and there is no sign that fall of European economies has reached its bottom :nono:

    India needs to prepare itself considering the circumstances of 2018/20+ when its 90% trade would occur within Asia only. as China will have got a major share of High Tech export business till then, and oil/gas/metal import will come from Asia itself, with reliance on Japan/Singapore for those high tech products which India or China will not be able to produce till 2020. there is no meaning to ignore this biggest threat, when 90% Indian trade will have got limited to Asia only by 2018/20+, and India would prepare itself for those circumstances from today. :india:
     
    Last edited by a moderator: May 10, 2015
    kseeker, TrueSpirit and aerokan like this.
  9. nrupatunga

    nrupatunga Senior Member Senior Member

    Joined:
    Feb 10, 2013
    Messages:
    2,307
    Likes Received:
    949
    Location:
    BendakaLuru
    Not even RBI’s Raghuram Rajan can ride to India’s rescue
     
    ersakthivel, TrueSpirit and aerokan like this.
  10. ersakthivel

    ersakthivel Senior Member Senior Member

    Joined:
    Mar 6, 2011
    Messages:
    6,456
    Likes Received:
    6,647
    Location:
    Erode
    In 2004 Indi'a CAD with china was closer to just a billion dollars,

    Now it is more than 50 billion dollars,

    What did the UPA govt do , by allowing such imbalances?
     
  11. sayareakd

    sayareakd Moderator Moderator

    Joined:
    Feb 17, 2009
    Messages:
    15,630
    Likes Received:
    11,706
    War is coming so lets buy gold and stay safe.
     
  12. JBH22

    JBH22 Senior Member Senior Member

    Joined:
    Jul 29, 2010
    Messages:
    3,620
    Likes Received:
    2,390
    It was busy playing secular games, not to forget it takes great incompetence to turn around a growth rate of 6-9% to bring it to present state.

    Indians screwed big time by voting Atal Bihari out.
     
    ersakthivel likes this.
  13. sayareakd

    sayareakd Moderator Moderator

    Joined:
    Feb 17, 2009
    Messages:
    15,630
    Likes Received:
    11,706
    man you have some issues with Secular state saw you in other thread, try getting citizen ship of Nepal, Pakistan or China, that might help you, these guys are like you non secular.
     
  14. JBH22

    JBH22 Senior Member Senior Member

    Joined:
    Jul 29, 2010
    Messages:
    3,620
    Likes Received:
    2,390
    Not a problem with being secular, but its not secularism that UPA promoted it was sickular to hide its incompetence.

    It has no vision how to make the country strong economically, militarily but day in day out I'm being fed this sickular garbage.

    Now if you have a problem that I point out this, then I suggest you move to Pakistan.
     
    desicanuk likes this.
  15. sayareakd

    sayareakd Moderator Moderator

    Joined:
    Feb 17, 2009
    Messages:
    15,630
    Likes Received:
    11,706
    Earlier it was Hindu Mahasabha, now they have become kacha wala in saffron, they are no different then green color muslim league. Between both the communals only aam Admai gets killed. I never say any RSS or Kacha wala getting killed in communal riots or any Muslim leader getting killed.

    One is saffron and other is green and in between people like in white think what to do with both of you. That is why we give our self the present Constitution.

    As far as mismanagement is concern if people of India dont like the present Govt they will be thrown off, that is the power of Vote. Some wont like it, well, we cant help them.

    You have no problem with China or Nepal, may be you will find escape from Secularism their, so best of luck.

    I am ok with what ever India is Today, it is not perfect, we all are either, but we can make effort to make it better. Those who dont like it, can go to Hindu country.
     
  16. JBH22

    JBH22 Senior Member Senior Member

    Joined:
    Jul 29, 2010
    Messages:
    3,620
    Likes Received:
    2,390
    You need a reality check if you believe RSS and SIMI are the same side of same coin.


    Saffron over green anyday, that's my motto
    Well getting in power through coalitions, that's a subject to debate in itself.
    Its more like seizing power rather being entrusted a mandate by the people.

    .

    Those who dislike the Hindu majority India can also move to Pakistan. While most can harp/bark about secular its because of that 80% majority otherwise you can check across the border. Be thankful to that majority community.
     
  17. t_co

    t_co Senior Member Senior Member

    Joined:
    Dec 20, 2012
    Messages:
    2,537
    Likes Received:
    699
    Location:
    China
    The choice India must make is between development and stagnation, not Hinduism and secularism. A politician can be secular and deliver the goods, just as he/she could bleed saffron and still wallow in corruption. The only tie here is that some politicians seem to use extremes along that religious spectrum to cover their failed policy at election time.
     
  18. kseeker

    kseeker Retired

    Joined:
    Jul 24, 2013
    Messages:
    2,515
    Likes Received:
    2,111
    Location:
    Bharatvarsh
    You forgot to mention SCAMs !!!
     

Share This Page