India's GDP Growth was 6% in Q3

thakur_ritesh

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The figure per se isnt surprising, but see how uncontrolled the fall has been, at the start of the fiscal the projection was between 8- 8.5%, and now the actual is dramatically down, and they would not even be looking at 7% realistically for the fiscal, more in lines of 6.5%.

High time the economists are allowed to do their job, and not the NAC's. This government has few of the finest economic minds but they are just not allowed to work, there are still two years for this government, if not more, at least let this government have a saving grace, which can partially cover up the lost time of precious 8 years of what India could have been, and is not.
 

Mad Indian

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they dont care a shit about the growth rate, they just want to have more power
And UPA cares a lot about India and the growth... Thats why those good for nothing freebies and subsidies are thrown out, to stimulate growth and not to hide their fat assed corruption right????:frusty::frusty::toilet:

Wake up people... Its our money these pigs are looting and wasting.... 60+years of monarchy and we still have not woken up:frusty::frusty:
 

sob

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The figure per se isnt surprising, but see how uncontrolled the fall has been, at the start of the fiscal the projection was between 8- 8.5%, and now the actual is dramatically down, and they would not even be looking at 7% realistically for the fiscal, more in lines of 6.5%.
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Ritesh, the glaring fact with these figures is that the govt. has been continuing to dish out higher figures and when the actuals come out they are always lower than the govt. estimates. The UPA is not willing to read the writing in the wall even now the FM is talking about year end 6.9%. I am afraid the actual figures may be even lower.
 

Bangalorean

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And people like you should stop lashing out at BJP at every chance......

I am being a realist here... we are not in USA(even that is not altruistic)... And it is the job of the ruling party to pass a legislation... thats why it is called a ruling party.... The opposition should not be blamed for the for the political ligjam(as i said if the UPA's allies had supported it there would not be any logjam).......


Opposing BJP is very cool these days... So lets blame them for the slowing growth rate, the stupid populist schemes , and also for the Silence of the MMS, terror strikes in 26/11 and the rise of crime too...:frusty::frusty:
I will not stop "lashing out at the BJP" when they deserve a lashing.

People like you want to make the BJP a holy cow, immune to all criticism. Not happening.

If you want to be a "realist", be a "realist" and stop criticizing all the non-BJP parties in the country at every opportunity - be a "realist" and realize their limitations.

Sure, ruling party is responsible, and I conceded that. But the BJP has been behaving as irresponsibly as any 2-bit tiny regional party. They deserve their share of lashing for that.

Opposing BJP is cool? On the other hand, the drones of internet Indians (like you) come descending upon any perceived slight to BJP, as though Advani is the 10th incarnation of Vishnu himself. No one is blaming BJP for the stuff you talk about in your last line. You have a persecution complex when it comes to your BJP worship.

The BJP will be called out for crap, and you are not going to prevent it. Your problem is, you come up with your criticism of congress in every other post, even when unrelated to the topic, but cannot tolerate even fair criticism of the BJP.
 
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addiction

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It is far below the set benchmark"¦..shame on FM"¦I tell u, we are just screwing our economy by getting so aggressive against the mining and manufacturing project by projecting our awareness and concern about environment devastation"¦.why don't we just understand, we are already decades behind the developed countries, they have achieved their development by sacrificing something and now preaching us as how we should be sensitive about environment and global warming?? Why this sudden change? Look, they have already exhausted all their options and have reached the saturation level of growth hence they got lot of free time to divert their focus on other things"¦.but what about us? Our responsibility towards millions of ultra poor people who do not understand what environment is? Time to rethink on policies !
 

thakur_ritesh

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Ritesh, the glaring fact with these figures is that the govt. has been continuing to dish out higher figures and when the actuals come out they are always lower than the govt. estimates. The UPA is not willing to read the writing in the wall even now the FM is talking about year end 6.9%. I am afraid the actual figures may be even lower.
Sumeet,

At the start of the fiscal, the figure of 8-8.5% was very much achievable, there was no reason not to. Problem crept in because of huge and largely unplanned fiscal expenditure, coupled with bulging fiscal deficit which in turn is linked to the undisciplined fiscal expenditure, and then of course with the attempt to cull the inflation, which again is linked to the undisciplined fiscal expenditure, they sustained and increased the already high lending rates which in turn pretty much made sure the very doable good growth got killed.

Fact remains, this government doesnt need to do anything, nothing at all and just make sure they can maintain fiscal discipline, even the reforms are not required to sustain 8% growth YoY. Economy is pretty much on an auto pilot mode, there is bare minimum requirement, just do that, and take a nap.

FM still talking about 6.9% is more of a face saver more than anything else, at best an attempt to present a brave face. Even the FM realises, with the mess created, doing 6.9% is not sustainable.
 

sukhish

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Yes,
Economy is pretty much on auto pilot, they have to control the defecit by curbing the subsidies
 

Mad Indian

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I will not stop "lashing out at the BJP" when they deserve a lashing.

People like you want to make the BJP a holy cow, immune to all criticism. Not happening.

If you want to be a "realist", be a "realist" and stop criticizing all the non-BJP parties in the country at every opportunity - be a "realist" and realize their limitations.

Sure, ruling party is responsible, and I conceded that. But the BJP has been behaving as irresponsibly as any 2-bit tiny regional party. They deserve their share of lashing for that.

Opposing BJP is cool? On the other hand, the drones of internet Indians (like you) come descending upon any perceived slight to BJP, as though Advani is the 10th incarnation of Vishnu himself. No one is blaming BJP for the stuff you talk about in your last line. You have a persecution complex when it comes to your BJP worship.

The BJP will be called out for crap, and you are not going to prevent it. Your problem is, you come up with your criticism of congress in every other post, even when unrelated to the topic, but cannot tolerate even fair criticism of the BJP.
Nope nope nope... I criticize BJP when they do stupid things like that valentine's day hooliganism.... But what i dont like is when people criticisising it when there is no need for it.... Its not the duty of the opposition to pass legislation, thats why there is a RULING party.... If the ruling party cant bring their allies into table, then why there is such a thing as the ruling party.... We had a coalition govt last time in TN but that did not cause policy paralysis.... So if there is any omne to be blamed for the policy paralysis its the CONs not BJP... So stop citisising them at every turn... Sure BJP has to be more responsible but still it is not responsible for the CONgi allies walking out on the Cons now is it?????:wave::wave:
 

Mad Indian

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Sumeet,

At the start of the fiscal, the figure of 8-8.5% was very much achievable, there was no reason not to. Problem crept in because of huge and largely unplanned fiscal expenditure, coupled with bulging fiscal deficit which in turn is linked to the undisciplined fiscal expenditure, and then of course with the attempt to cull the inflation, which again is linked to the undisciplined fiscal expenditure, they sustained and increased the already high lending rates which in turn pretty much made sure the very doable good growth got killed.

Fact remains, this government doesnt need to do anything, nothing at all and just make sure they can maintain fiscal discipline, even the reforms are not required to sustain 8% growth YoY. Economy is pretty much on an auto pilot mode, there is bare minimum requirement, just do that, and take a nap.

FM still talking about 6.9% is more of a face saver more than anything else, at best an attempt to present a brave face. Even the FM realises, with the mess created, doing 6.9% is not sustainable.
Exactly, even if the CONs dont do anything to stimulate the growth like the Chinese govt atleast they must stop putting out the roadblocks to the development which can happen by itself....
 

parijataka

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Well, in 1992 narasimha rao pushed through the required reforms by taking on responsibilities of prime minister as well as industry minister. Have read how when he circulated the proposed reforms he was advised by congress bigwigs to put in a paragraph or two praising Nehru , indira and Rajiv and how the reforms were in line with their hallowed thoughts. MMS apparently was third choice for finance minister. In any case pvn rao shouldered the responsibility of pushing through the reforms in Lok Sabha by hook or by crook. Is there a leader in congress of the stature of pvnr ready to lead from the front. It is the job of the ruling party to take all parties together, and it is the job of the opposition to make their viewpoint known. During the nuclear deal, communists and bjp made the govt put in the liability clause. Sushma swaraj made her objections very clear on the appointment of the tainted thomas as cvc, which was later upheld by supreme court.

The situation today in Congress party is that only sycophants of Nehru family are given any role. If anything goes well, a line will be put innocuously in the news report that it was Rahul Gandhis idea! If the central govt is unable to function/provide good governance due to recalcitrant opposition then they should admit they are incapable and call for elections.

Like to add that Karnataka continues to do well under BJP despite constant harassment by opposition and the central government through the governor!
 
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Mad Indian

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Like to add that Karnataka continues to do well under BJP despite constant harassment by opposition and the central government through the governor!
No fan of Karnatakan BJP for they are playing politics and not giving us water(even for drinking purposes) but admire them for being the fourth fastest growing state in our country:cool2::thumb:
 

parijataka

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No fan of Karnatakan BJP for they are playing politics and not giving us water(even for drinking purposes) but admire them for being the fourth fastest growing state in our country:cool2::thumb:
Well, Karnataka is not a water surplus state.
 

Tolaha

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But my state will become a desert without Kaveri water and water from Kerala
Here's some data for you that might help you in making an objective assessment:
ENVIS Centre for Desertification



Basically the above data says that Karnataka has far more area under arid and semi-arid zones than TN. You fear about TN turning into a desert someday in the future. For Karnataka, the fear is real and present!
 

Mad Indian

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Here's some data for you that might help you in making an objective assessment:
ENVIS Centre for Desertification



Basically the above data says that Karnataka has far more area under arid and semi-arid zones than TN. You fear about TN turning into a desert someday in the future. For Karnataka, the fear is real and present!
Come on man, TN is not Arid now thanks to Kaveri... Now without Kaveri we are as good as finished
 

parijataka

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Come on man, TN is not Arid now thanks to Kaveri... Now without Kaveri we are as good as finished
Whole of North Karnatak is a semi arid and drought prone. TN is getting Kaveri water thanks to the treaty forced on the Mysore maharaja by the British restricting the area that could be irrigated by Kaveri waters, no restriction was laid upon the Kaveri delta farmers in Madras presidency. Similar treaty was forced upon Trivandrum rulers by British giving Mullaperiyar waters to Madras, Kerala of course has enough water unlike Karnataka.
 

Tolaha

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Come on man, TN is not Arid now thanks to Kaveri... Now without Kaveri we are as good as finished
The tragedy that I was trying to point out is: Karnataka contributes more water to River Kaveri but gets far lesser from it as its share, inspite of the fact that it has far more area under drought conditions.
 

Mad Indian

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Whole of North Karnatak is a semi arid and drought prone. TN is getting Kaveri water thanks to the treaty forced on the Mysore maharaja by the British restricting the area that could be irrigated by Kaveri waters, no restriction was laid upon the Kaveri delta farmers in Madras presidency. Similar treaty was forced upon Trivandrum rulers by British giving Mullaperiyar waters to Madras, Kerala of course has enough water unlike Karnataka.
Come on man... What can the Keralites do with that water.. They cant even use it for cultivation... I remeber Bharatiyar saying We should plant in the central arid areas with water from excess water from ganges and give it to people of the ganges.... The same here...
 

Mad Indian

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The tragedy that I was trying to point out is: Karnataka contributes more water to River Kaveri but gets far lesser from it as its share, inspite of the fact that it has far more area under drought conditions.
Dude come on, get your facts right... we get water only if there is over flow in Kaaveri... the treaty is not properly enforced
 

Tolaha

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Dude come on, get your facts right... we get water only if there is over flow in Kaaveri... the treaty is not properly enforced
Please consider for a moment that your "facts" might not be facts!
 

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