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Showing posts from July, 2016

Analysts v/s Economists PoV: GDP numbers

*This is just an informative post. Two different views are compiled and no opinion whatsoever is given.* Let us get straight to the facts (sorry for not having many figures, but I do believe in the saying "statistics don't bleed") which have been causing a lot of debate over the past one month -  1. GDP growth rate of India for the Jan-March quarter 2016 - 7.9% 2. GDP growth rate of India for 2015-16 - 7.6% 3. Export growth for 2015-16 - (15.8)%  3. WPI has been negative for the past 17 months. More than 50% of the items in the WPI basket have seen a steady decline for that period. Mostly it is driven by imports (crude and steel) 4. Discrepancy in the GDP  - 1 lakh 40 thousand crore. An exponential 300% growth of 1 lakh 13 thousand crore INR 5. Employment is down and agricultural wages have been falling Analysts PoV: Almost every analyst who has been working on the Indian sector has criticised the GDP growth numbers. The number crunching tells us t...

Moving towards De-Globalization?

Even the Leave campaign supporters woke up to the shock that they had won. Brexit was finally here. It was so crude that the National Democratic Party of Britain had to admit the fact, within hours, that the 350m Pound it had promised to bring back into the National Health System was a lie. Another point they admitted was that migration would not be stopped. The remain campaign also had their fair share of lies. But sadly, they did not get a chance to admit them. But everyone loves a big fat lie. It is so juicy and unmistakably truthless that you have to believe the sheer (dis)honesty it is mentioned with. The Brexit campaign was a social experiment of lying and an opportunity to create phantom stories, to be tested in this 24x7 technology and media world. The result? No matter how much free information you have, nobody questions a lie if told with utter confidence. Left and the Right can be ideologically divided, but in this campaign they came together, albeit with different rea...