Online
|
|
It is predicted much before Standard Chartered Bank. See my message about 10 days back, where in it was estimated between 5.8% to 6.2% (optimistic scenrio) as GDP growth giving the reasons ....
There are avenues of financial instruments that can expand the economy since there s so much untapped potential and need for goodies by the people restructuring buereaucracy to turn them into easily oversee able and controllable business entities will bring mire efficiency and increase employment while expanding the economy....
Yes our GDP is slow we have to take steps....
Under worst case scenario it is projected to grow at just 5.7%...
no; they are bluffing and always make mistakes. many of them like morgan loose heavily due to their mistakes....
GDP will be close to 7%. Greek and other euro problems are over done....
India Q4 GDP seen slowing to 6%: Standard Chartered. Do you see this happening?...
Standard Chartered Bank forecasts India`s GDP growth slowed to % in the Jan-March quarter, down from previous estimates of 6.5-7%. ...
After Morgan Stanley and Credit Suisse, it is is Goldman Sach’s turn to join the bandwagon of foreign brokerages lowering their estimates for GDP growth this fiscal.
The only difference is that Goldman appears to be the more conservative of the trio, and expects growth to be above the psychological 6.5% mark.
Excerpts from the Goldman Sachs report authored by Tushar Poddar:
“We are revising our GDP growth forecast for FY13 down to 6.6% from 7.2%. After a sharp pickup in activity in January-February, activity has waned in March-April. Our Current Activity Indicator (CAI), which tracks 15 indicators, suggests that in March, activity has given up some of the gains from the start of the year. While we were circumspect about growth at the start of 2012, and resisted the temptation to be more optimistic on growth with the better-than-expected data in January and February, we have also underestimated the extent of the downturn in March and April activity data. This has been combined with higher food price inflation, policy uncertainty, and contagion from the European periphery. While we were earlier expecting monetary easing to be more substantial and front-loaded, with headline inflation running higher, we now think that path is less likely.”
A couple of days back, C Rangarajan, chairman of Prime Minister’s Economic Advisory Council said that analysts’ estimates were too pessimistic and that growth should be closer to 7%.
What do you think? Will GDP growth for this fiscal be close to 6% or 7%?
...
US Manufacturing PMI dropped by 2.1 to 53.9 in May from April contributed by drop in Manufacturing Output, New Orders, Employment in May vs Apr.
This indicates lower Manufacturing Jobs in May leading to lower Consumer Spending. It also indicates lower Industrial Production in May vs April.
Input prices, Output prices both dropped significantly reflecting lower demand for Goods from manufacturing sector.
Overall, US May Manufacturing PMI indicates lower Growth leading to Lower Retail Sales, Employment, Consumer Spending, Durable Goods Orders, Industrial Production in May vs Apr....
