Getting Indian economy back on track
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Blackwater
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Re: Standard & Poor's warns India of a downgrade to junk category
look who's talking , a company who's standard is poor
look who's talking , a company who's standard is poor
Re: Standard & Poor's warns India of a downgrade to junk category
what about other rating agencies? or is S&P the only one downgrading India
anyway this is a warning (yet), hopefully this will make Pranab, Montek Singh and co work a little bit harder than just making such statements like this:
The Hindu : Business / Economy : FY'13 to be turnaround year for economy: Pranab
PS: his facial expression is just priceless on that photo
what about other rating agencies? or is S&P the only one downgrading India
anyway this is a warning (yet), hopefully this will make Pranab, Montek Singh and co work a little bit harder than just making such statements like this:
The Hindu : Business / Economy : FY'13 to be turnaround year for economy: Pranab
PS: his facial expression is just priceless on that photo
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Re: Standard & Poor's warns India of a downgrade to junk category
The we we are behaving in this incident is worse than the Pakis
Time to accept that we are in a shitty position now the same way we will accept that we are doing good if we are doing good. There is no harm in being modest.
The we we are behaving in this incident is worse than the Pakis
Time to accept that we are in a shitty position now the same way we will accept that we are doing good if we are doing good. There is no harm in being modest.
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Re: Standard & Poor's warns India of a downgrade to junk category
PS: his facial expression is just priceless on that photo
trackwhack
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Re: Standard & Poor's warns India of a downgrade to junk category
Oooh, S&P downgrade. I'm shaking in my boots.
The US of A and all of Europe running debts of several times their annual economic output and stagnant growth is triple A investment grade. India that runs just about equal debts to one years productivity and is still running 7% growth is junk. Gotta love the US congress trying stunts to force open Indian markets. Jokers!
Oooh, S&P downgrade. I'm shaking in my boots.
The US of A and all of Europe running debts of several times their annual economic output and stagnant growth is triple A investment grade. India that runs just about equal debts to one years productivity and is still running 7% growth is junk. Gotta love the US congress trying stunts to force open Indian markets. Jokers!
Re: Standard & Poor's warns India of a downgrade to junk category
1. Pakistan will not get anywhere near India.
2. We are still growing, but with a unnecessarely much slower pace. But not only due to the eurozone crisis or whatever, its more because of the failure to implement any major reforms in the last years.
Look at China, they are much more dependent from exports, but despite the global slowdown, they still grow with over 8 %
The we we are behaving in this incident is worse than the Pakis
Time to accept that we are in a shitty position now the same way we will accept that we are doing good if we are doing good. There is no harm in being modest.
1. Pakistan will not get anywhere near India.
2. We are still growing, but with a unnecessarely much slower pace. But not only due to the eurozone crisis or whatever, its more because of the failure to implement any major reforms in the last years.
Look at China, they are much more dependent from exports, but despite the global slowdown, they still grow with over 8 %
Blackwater
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Re: Standard & Poor's warns India of a downgrade to junk category
he is in the race to becoming president of India. bhalo bhalo khub bhalo
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Re: Standard & Poor's warns India of a downgrade to junk category
I thought we are on the same page on this. Not sure why you quoted me though
thakur_ritesh
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Re: Standard & Poor's warns India of a downgrade to junk category
I dont mind the junk rating if it can wake up our government.
I dont mind the junk rating if it can wake up our government.
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Re: Standard & Poor's warns India of a downgrade to junk category
For once, I concur with S&P ratings. Economy and investment environments are in dire situation not to mention lack of governance and head to toe corruption.
For once, I concur with S&P ratings. Economy and investment environments are in dire situation not to mention lack of governance and head to toe corruption.
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S&P directly blames Sonia, MMS for India's economic mess
1.Divided leadership the biggest hurdle: The crux of the current political problem for economic liberalization is, in our view, the nature of leadership within the central government, not obstreperous allies or an unhelpful opposition.
2.Sonia Gandhi holds no cabinet position: Paramount political power rests with the leader of the Congress party, Sonia Gandhi, who holds no Cabinet position.The division of roles between a politically powerful Congress party president, who can take credit for the party's two recent national election victories, and an appointed prime minister, has weakened the framework for making economic policy.
3.An unelected Prime Minister with no political base: The government is led by an unelected prime minister, Manmohan Singh, who lacks a political base of his own.
Top 10 S&P reasons why India may lose investment-grade rating
Virtually the same thing we have been shouting on DFI.
1.Divided leadership the biggest hurdle: The crux of the current political problem for economic liberalization is, in our view, the nature of leadership within the central government, not obstreperous allies or an unhelpful opposition.
2.Sonia Gandhi holds no cabinet position: Paramount political power rests with the leader of the Congress party, Sonia Gandhi, who holds no Cabinet position.The division of roles between a politically powerful Congress party president, who can take credit for the party's two recent national election victories, and an appointed prime minister, has weakened the framework for making economic policy.
3.An unelected Prime Minister with no political base: The government is led by an unelected prime minister, Manmohan Singh, who lacks a political base of his own.
Top 10 S&P reasons why India may lose investment-grade rating
Virtually the same thing we have been shouting on DFI.
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Re: Standard & Poor's warns India of a downgrade to junk category
Good move. Will ensure that Congress just can't pass populist schemes in 2013 budget to win election. If it passes, this will result in India's bond being rated junk. This will result in massive depreciation of rupee , leading to soaring inflation. Thus making life of common people more miserable.
Last 4 years have been a huge shock to our "secular" middle class. The so called economist PM delivered zilch.
All in all Congress disastrous policy to win election by petty issues through English media have come to roost.
Good move. Will ensure that Congress just can't pass populist schemes in 2013 budget to win election. If it passes, this will result in India's bond being rated junk. This will result in massive depreciation of rupee , leading to soaring inflation. Thus making life of common people more miserable.
Last 4 years have been a huge shock to our "secular" middle class. The so called economist PM delivered zilch.
All in all Congress disastrous policy to win election by petty issues through English media have come to roost.
lcatejas
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Re: Standard & Poor's warns India of a downgrade to junk category
At least we are in the list ...So India is soon going to join greece and pakistan.I had always maintained that india cant escape Indo-Pak hyphenation however hard you try.
sob
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Re: Standard & Poor's warns India of a downgrade to junk category
Let us admit it that we cannot refute the points made by the S&P warning, nor can India or Indian companies evade the effects of an S&P downgrade.
We are paying the wages of sin for a clueless governance. The Govt. of the day has outsourced the running of the economy of the country to the Governor of the RBI, who has no more leeway left to play with. The FM is content to pass the buck to 2013 as the turnaround year, knowing fully well he will not be around in a position to answer tough questions.
It is these issues/the antics of our Govt. that led the Fraport India Chief to lash out : UPA II has neither the spine nor the drive. (http://www.firstpost.com/business/u...ive-fumes-german-airport-operator-336440.html).
Let us admit it that we cannot refute the points made by the S&P warning, nor can India or Indian companies evade the effects of an S&P downgrade.
We are paying the wages of sin for a clueless governance. The Govt. of the day has outsourced the running of the economy of the country to the Governor of the RBI, who has no more leeway left to play with. The FM is content to pass the buck to 2013 as the turnaround year, knowing fully well he will not be around in a position to answer tough questions.
It is these issues/the antics of our Govt. that led the Fraport India Chief to lash out : UPA II has neither the spine nor the drive. (http://www.firstpost.com/business/u...ive-fumes-german-airport-operator-336440.html).
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India's 8-9% growth was a fluke: Ruchir Sharma
The head of emerging equities at Morgan Stanley Investment Management and author of recently released book "Breakout Nations" believes that the superlative growth rates achieved by India between 2003 and 2008 (above 8 percent) was an extremely short-term phenomenon driven by a huge gush of global liquidity, and did not pave the way for future high growth rates.
"I think this was entirely a global phenomenon," he said in an interview to The Economic Times, referring to the phenomenon of giant-sized growth in emerging markets after 2003, including India. "All emerging markets were doing well and now what we are seeing is that the global credit bubble has burst, all emerging markets growth rates are coming off."
Incredible India’s 8-9% growth was a fluke: Ruchir Sharma | Firstpost
The head of emerging equities at Morgan Stanley Investment Management and author of recently released book "Breakout Nations" believes that the superlative growth rates achieved by India between 2003 and 2008 (above 8 percent) was an extremely short-term phenomenon driven by a huge gush of global liquidity, and did not pave the way for future high growth rates.
"I think this was entirely a global phenomenon," he said in an interview to The Economic Times, referring to the phenomenon of giant-sized growth in emerging markets after 2003, including India. "All emerging markets were doing well and now what we are seeing is that the global credit bubble has burst, all emerging markets growth rates are coming off."
Incredible India’s 8-9% growth was a fluke: Ruchir Sharma | Firstpost
