Cricket_Hacker Posted October 25, 2014 Posted October 25, 2014 2.047 Trillion as of October 2014 Rupee has stabilised to 61-62 per USD Couple of slow years had hindered growth but it's up again
randomGuy Posted October 25, 2014 Posted October 25, 2014 I think Modi Govt. has done extremely good job of the economy so far. I think GDP in dollar terms is not very useful measure due to currency fluctuations. Experts feel the Rupee is undervalued by abt 50% . RBI can actually sell some of its dollar reserves and prop up rupee to say 50/- per dollar. But countries actually gain by keeping their currencies cheap, it attracts more FDI/FII and helps exports sector. More useful measure is the figure of GDP by purchasing power .
Malcolm Merlyn Posted October 25, 2014 Posted October 25, 2014 55 is the best value for Rupee.Below that the exports suffer and above that our CAD suffers.
randomGuy Posted October 26, 2014 Posted October 26, 2014 55 is the best value for Rupee.. Let the experts at RBI decide that. Btw, FII hold ~25% shares of top 500 companies in Indian stock markets (bse and nse), the largest percentage ever held by FIIs. If you strengthen the rupee, FIIs will have more incentive to sell their shares, and convert those rupees to dollars and take them home to US or where-ever.
gslv Posted October 26, 2014 Posted October 26, 2014 Man just think where we would have been if not those 10 yrs by that bastard UPA.
randomGuy Posted October 26, 2014 Posted October 26, 2014 Modi Govt. should focus equally on health, education, condition of laborers and various other social issues. Creating jobs, growing economy is important but HDI is perhaps more important. Growth in economy and HDI are related to each other but we must not assume that when GDP grows, HDI grows automatically . Emphasis has to be given on that too...opening 7-10 crore bank accounts for the poor, focus on sanitation, clean drinking water etc are very good steps that will help in improving HDI (not-so-much the GDP in near term) which has to be followed through. Actually, HDI growth in earlier NDA rule and in Modi rule in Guj. has not been impressive.
Vilander Posted October 26, 2014 Posted October 26, 2014 its just a single FII pullout market crash and hitting 65 per dollar away from under 2 trillion for 1 more year. :--D mediocre like everything else in India.
Vilander Posted October 26, 2014 Posted October 26, 2014 BTW any definitive source that states this has happened, i saw some reports about FY 15 but is it already crossed please quote ?
Precambrian Posted October 26, 2014 Posted October 26, 2014 No idea why we go with absolute USD equivalent than PPP for judging the size of our economy. Just frankly ridiculous. In PPP terms I believe India is one of the best value for money economies in the world.
Vilander Posted October 26, 2014 Posted October 26, 2014 No idea why we go with absolute USD equivalent than PPP for judging the size of our economy. Just frankly ridiculous. In PPP terms I believe India is one of the best value for money economies in the world. personally one thing that attracts me towards real terms is the fact that our defense procurements are almost exclusively external, but for the personnel cost all almost all of it is from outside the country.
FischerTal Posted October 26, 2014 Posted October 26, 2014 personally one thing that attracts me towards real terms is the fact that our defense procurements are almost exclusively external' date=' but for the personnel cost all almost all of it is from outside the country.[/quote'] Did u hear of the new defence procurements signed a couple of days ago?
randomGuy Posted October 26, 2014 Posted October 26, 2014 its just a single FII pullout market crash and hitting 65 per dollar away from under 2 trillion for 1 more year. There is no dearth of foreign capital that will get attracted to India if we continue to reform (keeping national interest intact while doing so ofcourse). India can be FII-magnet like Hrithik Roshan is a chick-magnet. mediocre like everything else in India.. This attitude is actually the gift of Congress to India - Zero confidence, zero sense of pride among many Indians. And this attitude is totally misplaced ofcourse. Many Indian companies, Indian institutions and Indians as individuals are names par excellence in their respective fields.
Precambrian Posted October 26, 2014 Posted October 26, 2014 personally one thing that attracts me towards real terms is the fact that our defense procurements are almost exclusively external' date=' but for the personnel cost all almost all of it is from outside the country.[/quote'] what portion of defence is procured externally? And what % of that is of the GDP?
Precambrian Posted October 26, 2014 Posted October 26, 2014 There is no dearth of foreign capital that will get attracted to India if we continue to reform (keeping national interest intact while doing so ofcourse). India can be FII-magnet like Hrithik Roshan is a chick-magnet. This attitude is actually the gift of Congress to India - Zero confidence, zero sense of pride among many Indians. And this attitude is totally misplaced ofcourse. Many Indian companies, Indian institutions and Indians as individuals are names par excellence in their respective fields. What happened to you machan!! Nice to see very sensible, balanced posts from you these days. :icflove: Be active !
Malcolm Merlyn Posted October 26, 2014 Posted October 26, 2014 Let the experts at RBI decide that. Btw' date=' FII hold ~25% shares of top 500 companies in Indian stock markets (bse and nse), the largest percentage ever held by FIIs. If you strengthen the rupee, FIIs will have more incentive to sell their shares, and convert those rupees to dollars and take them home to US or where-ever.[/quote'] Well the moment rupee climbs above 59 RBI starts buying dollars to keep the rupee at the present levels.What i said about 55 being the best scenario was based on discussions by experts last year.But seems we can manage with the rupee even at 60.I expect rupee to strenthen on the back of more FIIs inflow in near future as the govt. Is going to make further changes in policy matters.Also a rupee at 55 will further bring the domestic oil prices down and bring down inflation and prompt a rate cut by RBI.But then again as you pointed out that a very strong rupee will affect FIIs inflow.Its all about maintaining the right balance.
Crookbond Posted October 26, 2014 Posted October 26, 2014 This is good but the wealth distribution is way-way inequitable. The absolute number of billionaires has quadrupled from 2009 while the same in the entire world has barely doubled. A more telling tale is that of the number of billionaires per Trillion Dollars of GDP which has shot up 61%. In this aspect, India is second only to Hong Kong and even ahead of Russia which is accepted as an "oligarchy". By that yardstick, India IS an oligarchy which is not what we want to acheive.
randomGuy Posted October 26, 2014 Posted October 26, 2014 This is good but the wealth distribution is way-way inequitable. The absolute number of billionaires has quadrupled from 2009 while the same in the entire world has barely doubled. A more telling tale is that of the number of billionaires per Trillion Dollars of GDP which has shot up 61%. In this aspect' date= India is second only to Hong Kong and even ahead of Russia which is accepted as an "oligarchy". By that yardstick, India IS an oligarchy which is not what we want to acheive. Number of billionaires is not a figure of any relevance in my view yar. Imagine you open an IT company that becomes big in 10 yrs time like a TCS, infy, wipro, TechMahindra, HCL, Mindtree (insert any of the dozens of mid to large tier IT companies) and then you list your company in stock market. You will obviously become a billionaire but that is irrelevant...what's important is that your capital is creating so many jobs and doing so much productive work for the world. ONLY important thing to look for in income patterns in my view is - what a person from low income group able to buy from his/her salary? Is he/she able to buy sufficient groceries, pay bills, live a comfortable life etc? What happened to you machan!! Nice to see very sensible' date=' balanced posts from you these days. :icflove: Be active ![/quote'] Thanks machan!! Hope your view doesn't change on seeing pro-aap or slightly anti-bjp posts. ;)
Precambrian Posted October 26, 2014 Posted October 26, 2014 This is good but the wealth distribution is way-way inequitable. The absolute number of billionaires has quadrupled from 2009 while the same in the entire world has barely doubled. A more telling tale is that of the number of billionaires per Trillion Dollars of GDP which has shot up 61%. In this aspect' date=' India is second only to Hong Kong and even ahead of Russia which is accepted as an "oligarchy". By that yardstick, India IS an oligarchy which is not what we want to acheive.[/quote'] US has 492 billionaires. Its GDP is 16 trillion USD. Ratio is 30 India has 56 billionaires. Its GDP is 2 trillion USD. Ratio is 28 So USA is a bigger oligarchy than India I suppose?
Recommended Posts