India's Economic Growth Drops To 5.8% In March Quarter, Behind China....All Modi bakths come here

[bhaigan]

India's GDP or gross domestic product grew 5.8 per cent in the January-March period, government data showed on Friday. With that, India lost its position as the fastest-growing major economy of the world to China for the first time in one-and-a-half years. China's economy logged a growth of 6.4 per cent in the March quarter. Friday's data also meant the economy logged an average growth of 6.8 per cent for the full financial year 2018-19.

 

1. India's GDP growth in the quarter ended March 31 was much worse than economists' expectations.
2. A survey of economists by news agency Reuters had forecast GDP growth at 6.3 per cent annually in the quarter ended March 31.
3. The Ministry of Statistics revised economic growth for the fiscal year to March 31, 2019 to 6.8 per cent from 7.0 per cent estimated earlier.
4. The slowdown may lead to another rate cut by the central bank in its June policy review, say economists.
5. The RBI had in its bi-monthly monetary policy review in April lowered its GDP growth projection to 7.2 per cent in 2019-20, from 7.4 per cent.
6. Citing "evenly balanced" risks, the RBI noted that it expects GDP to grow in the range of 6.8-7.1 per cent in the first half of current financial year, and 7.3-7.4 per cent in the second half.
7. The Central Statistics Office (CSO) had earlier also projected GDP growth to average at 7.2 per cent in the financial year 2018-19.
8. The RBI's monetary policy committee (MPC), which has cut policy rates by 50 basis points this year, is expected to cut the repo rate by a further 25 basis points at its June 4-6 meeting, bringing it to 5.75 per cent, the lowest since July 2010, according to Reuters.
9. Retail inflation has stayed below 3 per cent for last six months, possibly low enough to take the risk of cutting rates without waiting to seeing whether the monsoon rainy season starting next month holds any danger of a spike in food prices.
10. Meanwhile, the government on Friday named Nirmala Sitharaman as the next finance minister. 

 

 

 

 

[reality]

Leave the growth to 👞 

[BDurruti]

dno't waste your time. all these mean next to nothing.

[bhaigan]

India Loses "Fastest Growing Major Economy" Tag To China

[BDurruti]

talk of gdp growth in a country with 20+% below poverty - which is 33rs per day is silly. lite.

also govt stats is bullshit. no one in the world trusts it.

[bhaigan]

Just now, BDurruti said:

talk of gdp growth in a country with 20+% below poverty - which is 33rs per day is silly. lite.

also govt stats is bullshit. no one in the world trusts it.

anthe anthe le modi bakths ade antaru le

[AndhraneedSCS]

Modi was busy with elections. otherwise it could have been 10% or even 15%. If things worked out as planned it could have been 25% 

[BDurruti]

1 minute ago, bhaigan said:

anthe anthe le modi bakths ade antaru le

not just modi bhakts. other than leftists, the entire country has lost its mind.

 in some areas like bengal, even leftists have lost their mind.

this silly dcik measuring contests is how India elected a dumbfcuk again as PM.

[bhaigan]

2 minutes ago, AndhraneedSCS said:

Modi was busy with elections. otherwise it could have been 10% or even 15%. If things worked out as planned it could have been 25% 

chaa cover chesindi chalu le

[tom brady]

2 minutes ago, bhaigan said:

chaa cover chesindi chalu le

Neeku sarcasm ane aayuvu botthiga lenattundiga

[Idassamed]

Just now, tom brady said:

Neeku sarcasm ane aayuvu botthiga lenattundiga

[bhaigan]

2 hours ago, tom brady said:

Neeku sarcasm ane aayuvu botthiga lenattundiga

[Pumpuhaar]

Ok, Modi kaakunda evarini PM cheste desam baagupadtadi?

[AndhraneedSCS]

1 minute ago, Pumpuhaar said:

Ok, Modi kaakunda evarini PM cheste desam baagupadtadi?

Desh ki neta KCR 

[BDurruti]

11 minutes ago, Pumpuhaar said:

Ok, Modi kaakunda evarini PM cheste desam baagupadtadi?

evaraina okatey. india baagupadedhi modi chethullo ledhu. adhi janaala chethilo undhi.