Tracking Indian Economy till general elections 2019

[ezsasa]

I don't see any change whether GDP grows by 5% or 10%
the increament in my salary will be not more than 100 or 150 rupees.

And what am I going to do with these fancy GDP numbers even if my salary doubles, that is basically because the experience I hold not because of any GDP growth.

Your salary grows when GDP grows and GDP grows when your salary grows.

But it also depends on which sector you work in.

 

[Screambowl]

Your salary grows when GDP grows and GDP grows when your salary grows.

But it also depends on which sector you work in.

salary or assets?
..............................................................

 

[ezsasa]

salary or assets?
..............................................................

Technically both...

But assets comes in the picture only when they are sold as far as GDP is concerned.

Disposable income on the other hand has direct impact on GDP.

 

[indiatester]

Your salary grows when GDP grows and GDP grows when your salary grows.

But it also depends on which sector you work in.

Your salary may not grow actually. If the unemployed gain employment, the GDP grows without actually increasing the salaries of others!
But yeah, you are right. GDP increase generally means salaries increase too.

 

[Screambowl]

Your salary grows when GDP grows and GDP grows when your salary grows.

But it also depends on which sector you work in.

if the increment is salary is taken away to create more opportunities will the salary still grow?

 

[ezsasa]

Your salary may not grow actually. If the unemployed gain employment, the GDP grows without actually increasing the salaries of others!
But yeah, you are right. GDP increase generally means salaries increase too.

If unemployed gain employment, their house hold spending increases. They will start directly or indirectly buying goods or services from companies we work, which in turn increases our salary and intern country’s GDP.

 

[sorcerer]

It's a Happy Diwali for PM Narendra Modi: New data offers short reprieve

TheNarendra Modigovernment recently slashing duties on petrol and diesel and lowering several

Goods and Services Tax(GST) rates indicated that it had finally accepted all was not well with the

economy. The narrative that the Modi government was failing on the economic front had grown to be a big challenge for Modi.

Modi's own senior party leader and former finance minister Yashwant Sinha railed against the government for its economic failures and put it on the back foot. Modi had successfully deflected all attacks so far, but he seemed perturbed by the charge of derailing the economy with bad experimentation. This time, attack on Modi was backed with hard facts. GDP growth had been revised downward not just by World Bank and IMF but also the Reserve Bank of India.

Amid all the criticism and hopelessness, Diwali looked bleak for Modi.

But then came the economic data that can take wind out of sails of Modi critics and brighten Modi's Diwali.

The index of industrial production (IIP) rose 4.3 per cent in August, reversing a contraction in June and faster than a 0.9 per cent rise in July, exceeding expectations and raising hope the economy is set for a revival after slumping to a three-year low in the June quarter.

There was more cheers for Modi. India's annual consumer inflation in September marginally eased to 3.28 per cent from a year ago. The expectation had been for inflation of 3.5 per cent and industrial growth of around 2.5 per cent.

Yet another set of data dispelled the gloom: India's trade deficit narrowed to $8.98 billion in September, its lowest in seven months.

Merchandise exports rose sharply in September, belying fears of a slump due to disruption and working capital issues brought on by the introduction of the goods and services tax.

Exports climbed 25.67 per cent in September, exceeding an 18.1 per cent increase in imports, helping to narrow the trade deficit to $8.98 billion from $9.07 billion in September 2016.

After a series of gloomy numbers and critics from all sides pouncing on Modi for economic mismanagement, the latest numbers offer Modi a short reprieve and will make his critics sound too harsh. The data suggests manufacturing and demand are returning to normal after the disruption caused by the GST rollout, though not as strongly as anticipated.


These numbers do not indicate that the economy is out of the woods now. For that, the numbers will have to be consistently good for several next quarters. Yet, they weaken arguments of Modi's critics that the economy has been ruined, thus giving Modi a reprieve from attacks.

The new numbers will buttress the Modi government's case that the economy is on the path to recovery. Yielding to attacks by opponents and accepting the general negative sentiment about the economy, the government had even planned for a fiscal stimulus. In it recent first meeting, the newly formed Prime Minister’s Economic Advisory Council has ruled out the need for a stimulus. Now Modi has space to not take decisions that aim only at the short term and don't help the economy in the medium or long term.

Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst

The ITALIAN blonde with G-Company delayed the GST Implementation till its close to the election heat chart because congress core committee knew that there could be disruptions in economy and they could dance on it.
BUT!!!
They have lost all elections so far..and still the congress is yet to understand that they cant fool the INDIANS any more with confusion and smoke and giving them the nostalgic moments.

They failed to understand that they are dealing with educated Indians who know what is what and who very well live every day taking a certain risk in their life every freaking day..Its in the DNA of us Indians, Italiano may not be knowing it.

HARD DATA and statistics are going to be driven hard into the soft orifice of many congress blondes..in the days to come.

 

[sorcerer]

Govt to bring 12 lakh ha land under micro-irrigation

The Centre is working towards bringing 12 lakh hectares of land under micro-irrigation in the current fiscal, Agriculture Minister Radha Mohan Singh said today''

Addressing the valedictory session of the fifth five-day India Water Week here, he said it was something which hadn't been achieved in the post-Independence era.''

"We could micro-irrigate 8 lakh hectares of area in 2016 -17. This was something which did not happen in the earlier years," Singh said.

"Now, we intend to bring additional 12 lakh hectares area under micro-irrigation in the current fiscal. That is, it will be 20 lakh hectares in two years, which was never achieved post-Independence," he added.

He attributed the results to the government's leadership.

"You may organise several such deliberations. But what is the use if the topmost leadership doesn't act on lessons learnt? The results have percolated downwards in the last three or so years because of our strong leadership," he said.

Meanwhile, Meghwal stressed on the need to be aware about the importance of water and its qualities for mankind. He said it was everyone's responsibility to preserve the precious natural resources for future generations.

Referring to the various recommendations of IWW--2017 the minister said, "It is our responsibility to implement these recommendations. Water is not being used but misused. We have to stop this."


Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst


Raga boy band and Gandu Bhakts..can write more sad lyrics and cry even more for farmers..

 

[indiatester]

http://www.financialexpress.com/opi...a-here-is-what-must-be-done-fast/893875/lite/

What does Global Hunger Index ranking mean for India? Here is what must be done fast
The Global Hunger Index’s definition of hunger means India must curb child stunting and wasting to improve its rank.

• By: The Financial Express
• October 14, 2017 4:03 AM

While India made the rotavirus vaccine, against diarrhoea, a part of its public immunisation initiative just last year, the sanitation story is getting better too. (Partha Paul/Express Photo)
Being ranked 100th of 119 countries in the Global Hunger Index (GHI) is a matter of deep shame for India. GHI, apart from adequacy of calorific intake, works in child wasting (low weight for height), stunting (lower height than typical for age) and under-5 mortality into its definition of hunger. India has recorded good progress in tackling lack of access to foof—largely through ICDS, the Food Security Act, and mid-day meals, though better targeting and value-delivery can be done through direct benefit transfers. It has also seen a decline in stunting and a sharp fall in under-5 mortality in the last 25 years. The trouble is child wasting has inched up since 1998-2002 and prevalence of stunting still remains a high 38% despite having fallen from 62% in the early 1990s.

So, if India isn’t going “hungry” as far as calorific intake goes, why are the physiological outcomes such as height, weight so poor? Household access to improved sanitation—one of the factors that GHI also points out—is chiefly to blame. Water-borne diseases like diarrhoea have not only been historically responsible for most of the under-5 deaths, they also cause poor absorption of nutrients. So, effectively, if a child or her caregiver is not trained to follow hygienic practices, or consumes contaminated food/water, no matter how well the child is fed, absorption and physical growth will be sub-par. In 2013, Dean Spears, a Princeton University researcher, showed that the ill-effects of open defecation and the contamination of water extended beyond those who have no access to proper sanitation. Spears found that even the richest 2.5% of children in his India study—from urban households with educated mothers and indoor toilets—were shorter than the age-appropriate height. These children lived in areas that neighboured other areas where open defecation was common, and they, as per Spears, were almost exactly as short as children in other countries exposed to similar levels of nearby open defecation. To better its GHI rank, India must focus on improving sanitation and fighting related infections. While India made the rotavirus vaccine, against diarrhoea, a part of its public immunisation initiative just last year, the sanitation story is getting better too. Over 5.1crore rural households now have sanitary toilets—that leaves just over 30% of such households to be covered—and 1,325 cities have been declared open-defecation free.

Basically they are saying we are culturally doing this to ourselves.

 

[indiatester]

http://www.financialexpress.com/eco...rack-says-imf-chief-christine-lagarde/894984/

1. Home
2. Economy
3. Indian economy on very solid track, says IMF chief Christine Lagarde

Indian economy on very solid track, says IMF chief Christine Lagarde
Days after the International Monetary Fund lowered its growth forecast for the current and the next year, IMF chief Christine Lagarde today said the Indian economy is on a "very solid track" in the mid-term.
By: PTI | Washington | Published: October 15, 2017 5:59 AM

Days after the International Monetary Fund lowered its growth forecast for the current and the next year, IMF chief Christine Lagarde today said the Indian economy is on a “very solid track” in the mid-term. (Image: Reuters)
Days after the International Monetary Fund lowered its growth forecast for the current and the next year, IMF chief Christine Lagarde today said the Indian economy is on a “very solid track” in the mid-term. “Turning to India…we have slightly downgraded India; but we believe that India is for the medium and long-term on a growth track that is much more solid as a result of the structural reforms that have been conducted in India in the last couple of years,” the IMF Managing Director Lagarde said. Describing the two major recent reforms in India – demonetisation and Goods and Services Tax (GST) – as a monumental effort, Lagarde said it is hardly surprising that there “is a little bit of a short-term slowdown” as a result.

“But for the medium term, we see a very solid track ahead for the Indian economy,” she said to a question on India. “We very much hope that the combination of fiscal, because the deficit has been reduced, inflation has been down significantly, and the structural reforms will actually deliver the jobs that the Indian population, particularly the young Indian people expect in the future,” Lagarde said.

 

[ezsasa]

if the increment is salary is taken away to create more opportunities will the salary still grow?

It’s case to case depending on the industry..

In the long run, yes. If you are part of a loss making unit of the company, then no.

 

[charlie]

@Khagesh @YagamiLight
How much truth is there in this video?

I don't know what kind of an idiot would say GST was bad.

 

[OneGrimPilgrim]

I don't know what kind of an idiot would say GST was bad.

as far as i've seen in my tiny grim world, both the 'RW' & 'LW' are tailing each others' tails & sniffing each other's tashreefs on this double-whammy of demonic demonet & jarring GST. in a fit of excitement, its, "GST is stupid & disastrous", & when in a pensive mood, its "what-could've-been-a-gamechanging reform, GST is marred by poor, unthoughtful 'implementation' & would cost dear". no matter which 'ecosystem' ('nationalist' or 'anti-nationalist'/'RW' or 'LW') voices it at any given time, its quickly picked up by the other & served again but with added condiments, & thus runs a mutually-sustaining cycle of trying to cut to size a common 'adversary' & relieve each other's itches.

 

[charlie]

as far as i've seen in my tiny grim world, both the 'RW' & 'LW' are tailing each others' tails & sniffing each other's tashreefs on this double-whammy of demonic demonet & jarring GST. in a fit of excitement, its, "GST is stupid & disastrous", & when in a pensive mood, its "what-could've-been-a-gamechanging reform, GST is marred by poor, unthoughtful 'implementation' & would cost dear". no matter which 'ecosystem' ('nationalist' or 'anti-nationalist'/'RW' or 'LW') voices it at any given time, its quickly picked up by the other & served again but with added condiments, & thus runs a mutually-sustaining cycle of trying to cut to size a common 'adversary' & relieve each other's itches.

I have a close friend doing gold business, once a great admirer of Modi and not starch hater because of Demonetize and now GST.

Never paid taxes in his entire life now feeling the burn.

 

[OneGrimPilgrim]

I have a close friend doing gold business, once a great admirer of Modi and not starch hater because of Demonetize and now GST.

Never paid taxes in his entire life now feeling the burn.

like someone wrote earlier in this thread, anti-corruption drive & what-have-you, all such reforms are 'good', until they touch you.

 

[indiatester]

like someone wrote earlier in this thread, anti-corruption drive & what-have-you, all such reforms are 'good', until they touch you.

Quite a few of us are employed and have no way to hide our incomes. So we want the "level playing field" with others. Don't you hate it when you have that friend who failed school and setup a garment business and has more money even though the income is less just because he does not pay taxes ;-)
So, govt should screw every one equally... sabka something ROTFL.

 

[Mikesingh]

It's a Happy Diwali for PM Narendra Modi: New data offers short reprieve

TheNarendra Modigovernment recently slashing duties on petrol and diesel and lowering several

Goods and Services Tax(GST) rates indicated that it had finally accepted all was not well with the

economy. The narrative that the Modi government was failing on the economic front had grown to be a big challenge for Modi.

Modi's own senior party leader and former finance minister Yashwant Sinha railed against the government for its economic failures and put it on the back foot. Modi had successfully deflected all attacks so far, but he seemed perturbed by the charge of derailing the economy with bad experimentation. This time, attack on Modi was backed with hard facts. GDP growth had been revised downward not just by World Bank and IMF but also the Reserve Bank of India.

Amid all the criticism and hopelessness, Diwali looked bleak for Modi.

But then came the economic data that can take wind out of sails of Modi critics and brighten Modi's Diwali.

The index of industrial production (IIP) rose 4.3 per cent in August, reversing a contraction in June and faster than a 0.9 per cent rise in July, exceeding expectations and raising hope the economy is set for a revival after slumping to a three-year low in the June quarter.

There was more cheers for Modi. India's annual consumer inflation in September marginally eased to 3.28 per cent from a year ago. The expectation had been for inflation of 3.5 per cent and industrial growth of around 2.5 per cent.

Yet another set of data dispelled the gloom: India's trade deficit narrowed to $8.98 billion in September, its lowest in seven months.

Merchandise exports rose sharply in September, belying fears of a slump due to disruption and working capital issues brought on by the introduction of the goods and services tax.

Exports climbed 25.67 per cent in September, exceeding an 18.1 per cent increase in imports, helping to narrow the trade deficit to $8.98 billion from $9.07 billion in September 2016.

After a series of gloomy numbers and critics from all sides pouncing on Modi for economic mismanagement, the latest numbers offer Modi a short reprieve and will make his critics sound too harsh. The data suggests manufacturing and demand are returning to normal after the disruption caused by the GST rollout, though not as strongly as anticipated.


These numbers do not indicate that the economy is out of the woods now. For that, the numbers will have to be consistently good for several next quarters. Yet, they weaken arguments of Modi's critics that the economy has been ruined, thus giving Modi a reprieve from attacks.

The new numbers will buttress the Modi government's case that the economy is on the path to recovery. Yielding to attacks by opponents and accepting the general negative sentiment about the economy, the government had even planned for a fiscal stimulus. In it recent first meeting, the newly formed Prime Minister’s Economic Advisory Council has ruled out the need for a stimulus. Now Modi has space to not take decisions that aim only at the short term and don't help the economy in the medium or long term.

Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst

The ITALIAN blonde with G-Company delayed the GST Implementation till its close to the election heat chart because congress core committee knew that there could be disruptions in economy and they could dance on it.
BUT!!!
They have lost all elections so far..and still the congress is yet to understand that they cant fool the INDIANS any more with confusion and smoke and giving them the nostalgic moments.

They failed to understand that they are dealing with educated Indians who know what is what and who very well live every day taking a certain risk in their life every freaking day..Its in the DNA of us Indians, Italiano may not be knowing it.

HARD DATA and statistics are going to be driven hard into the soft orifice of many congress blondes..in the days to come.

Add to that the news that automobile manufacturers led by Maruti Suzuki posted robust passenger vehicles (PV) sales growth in August/Sept riding on strong consumer sentiment ahead of the festive season.

In the two-wheeler segment, Royal Enfield reported 21.99% increase in total sales at 67,977 units in August. Bajaj Auto’s total motorcycle sales were at 2,83,861 units as against 2,79,911 units in August last year, up 1.4%. Suzuki Motorcycle India reported a 54.25% jump in sales at 56,745 units in August, its best ever monthly figure.

That means things aren't all doom and gloom as the the naysayers contend. Methinks the GDP would bounce back to around 7% by the last qtr. Keep you fingers crossed! (Not applicable to the Congis, anti Modis, and the Left).

 

[charlie]

Quite a few of us are employed and have no way to hide our incomes. So we want the "level playing field" with others. Don't you hate it when you have that friend who failed school and setup a garment business and has more money even though the income is less just because he does not pay taxes ;-)
So, govt should screw every one equally... sabka something ROTFL.

that close friend was my school friend, always had more money and use to show off and girls use to be crazy about him, My dad paid taxes while his dad didn't even knew what taxes mean.

 

[Sakal Gharelu Ustad]

http://www.financialexpress.com/eco...rack-says-imf-chief-christine-lagarde/894984/

1. Home
2. Economy
3. Indian economy on very solid track, says IMF chief Christine Lagarde

Indian economy on very solid track, says IMF chief Christine Lagarde
Days after the International Monetary Fund lowered its growth forecast for the current and the next year, IMF chief Christine Lagarde today said the Indian economy is on a "very solid track" in the mid-term.
By: PTI | Washington | Published: October 15, 2017 5:59 AM

Days after the International Monetary Fund lowered its growth forecast for the current and the next year, IMF chief Christine Lagarde today said the Indian economy is on a “very solid track” in the mid-term. (Image: Reuters)
Days after the International Monetary Fund lowered its growth forecast for the current and the next year, IMF chief Christine Lagarde today said the Indian economy is on a “very solid track” in the mid-term. “Turning to India…we have slightly downgraded India; but we believe that India is for the medium and long-term on a growth track that is much more solid as a result of the structural reforms that have been conducted in India in the last couple of years,” the IMF Managing Director Lagarde said. Describing the two major recent reforms in India – demonetisation and Goods and Services Tax (GST) – as a monumental effort, Lagarde said it is hardly surprising that there “is a little bit of a short-term slowdown” as a result.

“But for the medium term, we see a very solid track ahead for the Indian economy,” she said to a question on India. “We very much hope that the combination of fiscal, because the deficit has been reduced, inflation has been down significantly, and the structural reforms will actually deliver the jobs that the Indian population, particularly the young Indian people expect in the future,” Lagarde said.

The same IMF wants India to give guaranteed income!!

At least implement it in the west first!

 

[F-14B]

At least implement it in the west first!

and sir ji we all know where that ended up