Is the PMO giving Conflicting signals on the Economic front

Discussion in 'Economy & Infrastructure' started by sob, Jul 18, 2012.

  1. sob

    sob Moderator Moderator

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    From the Prime Minister's Twitter Feed, a Puzzling View of Foreign Investment - NYTimes.com

     
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  3. sob

    sob Moderator Moderator

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    It is very clear that someone in the PMO is trying to be too clever by half, and is trying to airbrush the gloomy scenario, by presenting outdated data as current data.
     
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  4. Daredevil

    Daredevil On Vacation! Administrator

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    Must be some PMO dork who just woke up from a long sleep and tweeting the nonsense.
     
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  5. Predator

    Predator Regular Member

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    PM has been held hostage by the NAC

    Any policy change the commies in NAC dislike they use sonia to veto it
     
  6. sob

    sob Moderator Moderator

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    This just gives a negative image about the country. Not required at all.
     
  7. sob

    sob Moderator Moderator

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    First it was the President elect ( the erstwhile FM) who was fudging the papers in the Union Budget it now seems that the date being churned out by the various Government Departments is not being taken at face value.

    Bankers and economists are increasingly questioning the economic data from these Government Departments.

    India’s Economic Data Losing Credibility - India Real Time - WSJ

     
  8. sob

    sob Moderator Moderator

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    This is indeed shocking a few days the newspapers were full of IIP growth of 0.1%, but now it seems that there was a contraction of 0.9%.

    Similar is the case with inflation numbers, 7.5% instead of the announced figures of 7.23%.
     
  9. Predator

    Predator Regular Member

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    pranab fudged economic data to save face since he is a contender in the presidential elections
     
  10. sob

    sob Moderator Moderator

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    But our useless opposition failed to nail him on this issue. They lost a golden chance.
     
  11. Singh

    Singh Phat Cat Administrator

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    This is not the first time murakhjee has fudged figures. I posted an article sometime back about fudging to the tune of 1-2% of gdp. For the life of me I can't remember what it was about particularly, but it had something to do with expenditures.
     

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