the only area i feel able
to comment about is manufacturing -....... it just doesn't seem to be getting the priority i feel it should have been getting since way back
Madam, Indian economy is in a much better shape than the ability of US's think Tank...... better US would worry for their own economy, which is in a seriously bad shape, heavily indebted and just no future, in place of worrying about the Indian economy...... their these poor quality statements only means to state that now US is more willing to get help from the Indian economy, to avoid a set fall their own economy may face by end of this decade, very likely
as a man who is just interested in economics, had just few subjects in my management studies but no professional degree in economics, but even I may say that Economic State of a country may well be measured on the basis of the below two main criterion only, in today's world :ranger:
1st,
PMI Report:
Average Composite PMI of India for the year 2012 to last month was around 55, showing an expansion of around 10% in combined Manufacturing and Services both this way. which is considerably better in today's struggling world market. please check these news as below, with PMI for Manufacturing for the last month too
=>
India's manufacturing PMI up at 54.2 in February 2013 | NetIndian
=>
Accordingly, the HSBC
India Composite Output Index - which maps both the manufacturing and services index – stood at
56.3 in January, unchanged from December's reading. :thumb:
India services PMI rises to one-year high in January: HSBC Markit - Indian Express
2nd,
Investment to GDP
which has now come down to 30%, which India needs to raise. hence more investment is required this way, mainly high investment in Infrastructure to raise GDP numbers. but we do have a news of around $1.0trillion Investment in Infrastructure for the next 5 years, which is not high but not very low too......
https://www.cia.gov/library/publica...ndia&countryCode=in®ionCode=sas&rank=19#in
and if average
Composite PMI is well above 55 for the last 14 months, showing pretty good expansion of Manufacturing+Service industries this way, with 30%+ Investment to GDP ratio also, then even the low GDP growth number isn't a worry for a person like me, under these very bad external markets.... India only needs to increase Investment in infrastructure, thats it