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FM
Former Member

India could outpace China as the world's fastest growing economy as soon as this year, according to International Monetary Fund director Christine Lagarde.

Lagarde, who was visiting India last week, said the country's economy is expected to grow 7.5% in the upcoming 2015-2016 fiscal year, which begins in April, up from 7.2% in the current fiscal year.

 

At that rate, India would be the world's fastest growing large economy, she added.

Late last year, the IMF had predicted that India's economy would grow by 6.5% in 2016, faster than China's predicted 6.3% expansion. Estimates have since been revised for Indian gross domestic product.

However even with the faster pace of growth, India doesn't come close to China in terms of raw economic power.

China's economic output totaled more than $10 trillion in 2014, compared with India's roughly $2 trillion, according to IMF data. Also, predictions don't necessarily always come true.

Still, Lagarde describe India as a "bright spot" in the outlook for global economic growth.

"The conditions are ripe for India to reap the demographic dividend and become a key engine for global growth," Lagarde told students at an event organized at a women's college in New Dehil on March. 16. "It is on the verge of a new chapter, filled with immense promise."

Related: 6 big ideas from India's budget

Lagarde attributed India's dynamism to "recent policy reforms and improved business confidence" that provided a "booster shot" for the economy.

The pro-business government of Prime Minister Narendra Modi has made economic growth a top priority.

In its latest budget, the Modi government announced plans to cut taxes on businesses, boost spending on infrastructure, among other broad initiatives.

Looking further ahead, Lagarde said India's economy will have doubled in size compared with 2009. She said Indian output is also on track to exceed the combined output of Russia, Brazil and Indonesia.

Related: India has more billionaires than Russia

Lagarde said the India's robust outlook reflects its growing and young population.

More than half of India's 1.25 billion population is below the age of 25, with 12 million Indians entering the workforce every year.

By 2030, India is expected to top China as the world's most populous nation, according to Lagarde.

CNN.COM/India

http://money.cnn.com/2015/03/2...a-economy/index.html

Replies sorted oldest to newest

Cobra posted:

India is becoming an economic super power. I did some research on retirement in India. Houses and cost of living is affordable. Food and transportation is very cheap. The country is huge and beautiful. The climate is comfortable. You can start a business with little money.

 Cobra,why not the homeland of birth assimilation is much easier, it's astounding the off springs of Indian immigrants who migrate Guyana over a hundred plus years still cling to their forefather place of birth,i recently read the Indians of British Guyana  preferred the country have a link to India than to the British Commonwealth.

Django
baseman posted:
Django posted:
Nehru posted:

Yeah but Guyana will be DESTROYED in another 4 years!!!!!!!!!!!!!!

Not so easy bhai,keep you fingers crossed.

It is on the path to economic ruin, just read that IMF report.  Luckily, the PPP's policy left the banks and financial sector very strong.  This however, can only last so long!

Yes, we keep our fingers crossed and heads down.

Banna it's not doom and gloom,Guyana is projected to grow 4.0%.

Django
Billy Ram Balgobin posted:

I often read on this site that the PPP's success in managing  the economy was directly a result of the reforms instituted by the Hoyte Administration. Well, if this is true, then I would urge the Granger gov't. to continue the same policies and not jump around experimenting with anything new .  

Billy you see any current experimenting ?

Django
Django posted:
Billy Ram Balgobin posted:

I often read on this site that the PPP's success in managing  the economy was directly a result of the reforms instituted by the Hoyte Administration. Well, if this is true, then I would urge the Granger gov't. to continue the same policies and not jump around experimenting with anything new .  

Billy you see any current experimenting ?

Yes, them boys raising taxes to generate more revenues but it's having a negative effect on economic activities. It's only leading to less production which means less earnings for business and government.

Billy Ram Balgobin
baseman posted:
Django posted:
Nehru posted:

Yeah but Guyana will be DESTROYED in another 4 years!!!!!!!!!!!!!!

Not so easy bhai,keep you fingers crossed.

It is on the path to economic ruin, just read that IMF report.  Luckily, the PPP's policy left the banks and financial sector very strong.  This however, can only last so long!

Yes, we keep our fingers crossed and heads down.

The IMF report stated that the economy is healthy despite the lies being spread by you doomsday preachers.

 

"Guyana’s economy remains resilient and continues to grow despite significant global headwinds. In 2015, real GDP grew at 3.0 percent notwithstanding lower commodity export prices, delays in budget implementation, and political uncertainty in the run-up to general elections. Developments in the global economy remain a drag on growth, particularly for commodity exporters. Nevertheless, growth is projected to increase this year, supported by an increase in gold production and public investment. The authorities project 4.4 percent growth in 2016. The mission projects 4.0 percent. Boosting private sector confidence is key for growth momentum. The mission commended the authorities for maintaining macroeconomic stability."

Mars
Billy Ram Balgobin posted:
Django posted:
Billy Ram Balgobin posted:

I often read on this site that the PPP's success in managing  the economy was directly a result of the reforms instituted by the Hoyte Administration. Well, if this is true, then I would urge the Granger gov't. to continue the same policies and not jump around experimenting with anything new .  

Billy you see any current experimenting ?

Yes, them boys raising taxes to generate more revenues but it's having a negative effect on economic activities. It's only leading to less production which means less earnings for business and government.

Point noted let see how this will play out.

Django
Billy Ram Balgobin posted:

What saving them boys is the significant drop in oil price on the world market.  Guyana is spending US $700k a day on oil imports. The gov't. is not saying anything about what they're doing with this savings. This savings is quite an offset to the drop in export earnings on others things.

When goat ah stray, he ah end up somebody karaahi.

Mitwah
Billy Ram Balgobin posted:

What saving them boys is the significant drop in oil price on the world market.  Guyana is spending US $700k a day on oil imports. The gov't. is not saying anything about what they're doing with this savings. This savings is quite an offset to the drop in export earnings on others things.

Did you notice Gas price climbed up back to $180+ per gallon,a few weeks back it was $150+ that is my neck of the woods.

Django
Billy Ram Balgobin posted:

I often read on this site that the PPP's success in managing  the economy was directly a result of the reforms instituted by the Hoyte Administration. Well, if this is true, then I would urge the Granger gov't. to continue the same policies and not jump around experimenting with anything new .  

Jagdeo destroyed the Hoyte reforms.   It was Jagan who was FORCED to continue this by the IMF and others, as a condition for debt write-off.

In fact he would have been an abject failure, but for high gold prices.  Look at the destruction that he brought to the sugar industry, and his demand for rice production to increase, when he had no markets for them. Wasted projects like Amaila when he spent millions to pay a crony he couldn't even pave his own drive way.

FM
Mars posted:
baseman posted:
Django posted:
Nehru posted:

Yeah but Guyana will be DESTROYED in another 4 years!!!!!!!!!!!!!!

Not so easy bhai,keep you fingers crossed.

It is on the path to economic ruin, just read that IMF report.  Luckily, the PPP's policy left the banks and financial sector very strong.  This however, can only last so long!

Yes, we keep our fingers crossed and heads down.

The IMF report stated that the economy is healthy despite the lies being spread by you doomsday preachers.

 

"Guyana’s economy remains resilient and continues to grow despite significant global headwinds. In 2015, real GDP grew at 3.0 percent notwithstanding lower commodity export prices, delays in budget implementation, and political uncertainty in the run-up to general elections. Developments in the global economy remain a drag on growth, particularly for commodity exporters. Nevertheless, growth is projected to increase this year, supported by an increase in gold production and public investment. The authorities project 4.4 percent growth in 2016. The mission projects 4.0 percent. Boosting private sector confidence is key for growth momentum. The mission commended the authorities for maintaining macroeconomic stability."

Baseman shamed and exposed again!!!!!

FM
baseman posted:
Mitwah posted:
Billy Ram Balgobin posted:
 

Yes, them boys raising taxes to generate more revenues but it's having a negative effect on economic activities. It's only leading to less production which means less earnings for business and government.

Growth is expected to be  4.5%.

No, can't you read, 6.5%!!

Baseman I am typing this very slow. I know that you are a slow reader.

The authorities project 4.4 percent growth in 2016. The mission projects 4.0 percent.

Mitwah

People's optimism in the future  is rapidly waning and the government is just happy that they have their rival sitting in the benches of the opposition. Granger is living in denial that the  economy is slowing down and people's confidence in his gov't. to solve problems such as crime and unemployment is zilch. Everyone is talking about the slowdown and the arrogance of the regime.

Billy Ram Balgobin
Billy Ram Balgobin posted:

People's optimism in the future  is rapidly waning and the government is just happy that they have their rival sitting in the benches of the opposition. Granger is living in denial that the  economy is slowing down and people's confidence in his gov't. to solve problems such as crime and unemployment is zilch. Everyone is talking about the slowdown and the arrogance of the regime.

Only you PPP doomsday preachers are lying about the economic slowdown. The IMF and measures of economic activity said otherwise.

Mars
baseman posted:
Mars posted:
Billy Ram Balgobin posted:

People's optimism in the future  is rapidly waning and the government is just happy that they have their rival sitting in the benches of the opposition. Granger is living in denial that the  economy is slowing down and people's confidence in his gov't. to solve problems such as crime and unemployment is zilch. Everyone is talking about the slowdown and the arrogance of the regime.

Only you PPP doomsday preachers are lying about the economic slowdown. The IMF and measures of economic activity said otherwise.

Talk to the people!!  IMF says things are doing fine in countries where there are food riots!!  I'm not doubting the IMF macro view.  But the ground and breakfast table reality for the ordinary could be very different!!

Almost everyone I speak to in Guyana, business and ordinary folks, says there is a big chill!!  Most of the business people I know have held back significantly for varying reasons, political uncertainty, tax policy issues, economic risk, general climate of uncertainly, etc!  People are uncertain about jobs, many have lost jobs, mortgages are in arrears, etc!!

I think the IMF will scale back growth expectations later in the year!

PPP people will say anything to discredit this government. There were many poor people before the new government took the reins and that will not change overnight. As to the overall health of the economy, it has stayed about the same with the new government and that is the angle that the IMF sees the economy from.

Mars
baseman posted:
Mars posted:
baseman posted:
Mars posted:
Billy Ram Balgobin posted:

People's optimism in the future  is rapidly waning and the government is just happy that they have their rival sitting in the benches of the opposition. Granger is living in denial that the  economy is slowing down and people's confidence in his gov't. to solve problems such as crime and unemployment is zilch. Everyone is talking about the slowdown and the arrogance of the regime.

Only you PPP doomsday preachers are lying about the economic slowdown. The IMF and measures of economic activity said otherwise.

Talk to the people!!  IMF says things are doing fine in countries where there are food riots!!  I'm not doubting the IMF macro view.  But the ground and breakfast table reality for the ordinary could be very different!!

Almost everyone I speak to in Guyana, business and ordinary folks, says there is a big chill!!  Most of the business people I know have held back significantly for varying reasons, political uncertainty, tax policy issues, economic risk, general climate of uncertainly, etc!  People are uncertain about jobs, many have lost jobs, mortgages are in arrears, etc!!

I think the IMF will scale back growth expectations later in the year!

PPP people will say anything to discredit this government. There were many poor people before the new government took the reins and that will not change overnight. As to the overall health of the economy, it has stayed about the same with the new government and that is the angle that the IMF sees the economy from.

Almost everyone is complaining about the state of the economy saying it has been stagnant or declining since the change of government last May.


I believe this sentiment transcended the political/racial divide!!

Almost everyone from the PPP is complaining about the state of the economy saying it has been stagnant or declining since the change of government last May. 

 

 

Mars
baseman posted:
Mars posted:
baseman posted:
Mars posted:
baseman posted:

Talk to the people!!  IMF says things are doing fine in countries where there are food riots!!  I'm not doubting the IMF macro view.  But the ground and breakfast table reality for the ordinary could be very different!!

Almost everyone I speak to in Guyana, business and ordinary folks, says there is a big chill!!  Most of the business people I know have held back significantly for varying reasons, political uncertainty, tax policy issues, economic risk, general climate of uncertainly, etc!  People are uncertain about jobs, many have lost jobs, mortgages are in arrears, etc!!

I think the IMF will scale back growth expectations later in the year!

PPP people will say anything to discredit this government. There were many poor people before the new government took the reins and that will not change overnight. As to the overall health of the economy, it has stayed about the same with the new government and that is the angle that the IMF sees the economy from.

Almost everyone is complaining about the state of the economy saying it has been stagnant or declining since the change of government last May.


I believe this sentiment transcended the political/racial divide!!

Almost everyone from the PPP is complaining about the state of the economy saying it has been stagnant or declining since the change of government last May. 

 

 

Well, you are into usual lies, misrepresentation, decpetion and concoction!  This is typical PNC/AFC diatribe!  The people of Guyana knows!!

Tell a lie 100 times don't make it the truth!!

"Guyana’s economy remains resilient and continues to grow despite significant global headwinds. In 2015, real GDP grew at 3.0 percent notwithstanding lower commodity export prices, delays in budget implementation, and political uncertainty in the run-up to general elections. Developments in the global economy remain a drag on growth, particularly for commodity exporters. Nevertheless, growth is projected to increase this year, supported by an increase in gold production and public investment. The authorities project 4.4 percent growth in 2016. The mission projects 4.0 percent. Boosting private sector confidence is key for growth momentum. The mission commended the authorities for maintaining macroeconomic stability."

Mars
baseman posted:
Mars posted:
baseman posted:
Mars posted:
baseman posted:
Mars posted:

PPP people will say anything to discredit this government. There were many poor people before the new government took the reins and that will not change overnight. As to the overall health of the economy, it has stayed about the same with the new government and that is the angle that the IMF sees the economy from.

Almost everyone is complaining about the state of the economy saying it has been stagnant or declining since the change of government last May.


I believe this sentiment transcended the political/racial divide!!

Almost everyone from the PPP is complaining about the state of the economy saying it has been stagnant or declining since the change of government last May. 

 

 

Well, you are into usual lies, misrepresentation, decpetion and concoction!  This is typical PNC/AFC diatribe!  The people of Guyana knows!!

Tell a lie 100 times don't make it the truth!!

"Guyana’s economy remains resilient and continues to grow despite significant global headwinds. In 2015, real GDP grew at 3.0 percent notwithstanding lower commodity export prices, delays in budget implementation, and political uncertainty in the run-up to general elections. Developments in the global economy remain a drag on growth, particularly for commodity exporters. Nevertheless, growth is projected to increase this year, supported by an increase in gold production and public investment. The authorities project 4.4 percent growth in 2016. The mission projects 4.0 percent. Boosting private sector confidence is key for growth momentum. The mission commended the authorities for maintaining macroeconomic stability."

Correct, but unlike you, I'm not inserting a lie which was not there.  As I said, this is the IMF macro view and I don't doubt their "projections".  What I posted was the ground reality as it is now from the people!

Furthermore, I said, IMF says things are fine but there are food riots. Again, I predict the IMF will bring this down.  They tend to trail reality!!  Their projections are based on a few macro factors and the solid stable base which the PPP left for the PNC to build from!  This is not a base bankrupt and in tatters like in 1992!

The PNC will destroy it and the PPP will rebuild. This is the circle of life in Guyana.  PPP will build, PNC will destroy!!  You all know this so, though you tout PNC, none of you who left will ever return!!

What you posted is hearsay and has no grounding in fact. Who inserted this lie "It is on the path to economic ruin, just read that IMF report"?

Mars

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