Using your phone's internet browser
go to:  qna.rediff.com
Click and drag this link to
the Home icon in your browser.
Q.

You must know this! INDIA ECONOMICS: Taking these factors into consideration, we have placed our FY12 GDP growth estimate at 7.2% and the initial estimate of FY13 at 6.9%.. says Motilal Oswal report http://bit.ly/vEozkg

Tags: economics, money, relationships
Asked by rakesh singh, 01 Dec '11 06:46 pm
  Invite a friend  |  
  Save  |  
 Earn 10 points for answering
Answer this question  Earn 10 points for answering    
4000 characters remaining  
  
    
Keep me signed inNew User? Sign up

Answers (3)

1.

Nice analysis
Answered by anil garg, 01 Jan '12 12:37 am

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
2.

There is also one more thing which all Indians need 2 know about economics. We pretend as if macro economics don't exist :) IN such a setup, we think that GDP is the sole indicator of growth. National growth = GDP + MPI + HDI mobility + FSI. MPI = multidimensional poverty index. HDI = human development index. FSI = food security index.

Our MPI, FSI indicators are at par w/ Sub Saharan Africa and Delhi's MPI index compares only to VIetnam! Our HDI index is only one point above PAkistan as per 2010. So go figure , as to the health of our REAL economy.

A GDP growth rate of 12 percent implies we have 12 percent more revenue compared to last year. What happens in reality tho, is that money multiplication is generated 4 the sake of more money multiplication. GDP growth has value only if it translates to improving the HDI, MPI and FSI indices. It's scary as to how many EDUCATED Indians are oblivious to this fact!
Answered by A Moin, 01 Dec '11 06:50 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
3.

Good
Answered by veeravenkata satyanarayana, 01 Dec '11 06:47 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received

Ask a Question

Get answers from the community

600 characters remaining

Related Answer

Q.
A

I am a normal Indian citizen and this is how I weighed in my vote this election...If BJP has to win elections... it has to win over people like me...'..more

Answered by Darla Talal