| Author | Message | ||
Tilak Legend Username: Tilak Post Number: 34909 Registered: 02-2012 Posted From: 49.207.186.183 Rating: N/A |
idi appreciate cheyyakunda ela undagalaro! Deenni ignore cheyyadam .. ela sadhyam? Narendra Modi, Pradhan Mantri, Bharata Ganarajya - www.pmindia.nic.in - www.narendramodi.in | ||
Tilak Legend Username: Tilak Post Number: 34908 Registered: 02-2012 Posted From: 49.207.186.183 Rating: N/A |
Ninne .. just ninne .. Ex PM .. legend MMS goru Modi ni criticize chesaru on economic policies ..  Narendra Modi, Pradhan Mantri, Bharata Ganarajya - www.pmindia.nic.in - www.narendramodi.in | ||
Awara1984 Side Hero Username: Awara1984 Post Number: 4885 Registered: 12-2010 Posted From: 125.16.29.3 Rating: N/A |
Policymakers in India have delivered—the government and central bank have both played a role in this. The government did its bit by reining in the fiscal deficit—on the fiscal side, the most important thing they did was to shift mix of spending. What they had inherited was a consumption-oriented spending budget, and they made it an investment-oriented budget, and this is why inflation has come down. A lot of people say inflation is down in India due to oil prices—arguably if this adjustment had not been done on the fiscal side, and oil prices had gone down, India’s inflation may not have come down so much—it would have been down by 2% or 3%, and not by 7%. | ||
Awara1984 Side Hero Username: Awara1984 Post Number: 4884 Registered: 12-2010 Posted From: 125.16.29.3 Rating: N/A |
Step back to the summer of 2013, when India was categorized by Morgan Stanley as one of the “fragile five”—when the Fed threatened to taper (quantitative easing), India went through a pretty rough time—currency went down 20%, equities went down in high double digits. We had two things that changed then—we had a new RBI (Reserve Bank of India) governor and Narendra Modi became the prime ministerial candidate of the BJP (Bharatiya Janata Party). From there to now, two years have passed. India is now sitting at a position where its macro-stability has been the best it has seen in history. Current account deficit has gone from minus five to zero (as a percentage of gross domestic product, or GDP), inflation has gone from 11% to sub-5%, fiscal deficit has gone from 6.4% to 3.8% and growth has gone from 4% to 6%. | ||
Awara1984 Side Hero Username: Awara1984 Post Number: 4882 Registered: 12-2010 Posted From: 125.16.29.3 Rating: N/A |
http://www.livemint.com/Money/5hdJzS9d66mG6xZXe39fdK/Damage- of-six-years-has-been-reversed-in-a-matter-of-a-year.html |