The Indian Economy: Warning Signs
Consumer-price inflation has risen to almost 7% well above Asia’s average rate of 2.5%.
- In a survey of 600 firms by the National Council of Applied Economics Research … 96% of firms reported that they were operating close to or above their optimal levels of capacity utilisation—the highest number ever recorded.
- Indian companies are also experiencing a serious shortage of skilled labour.
The Indian Economy has apparently been giving some disturbing warning signs. Pramit wonders why nobody is noticing.
7 comments
Anant Rangaswami
November 27th, 2006, 12:07 pm | #
there’s an interesting bit of confusion with the Economist story, and I had blogged about it last week. Check http://pigsandwings.blogspot.com/2006/11/economist-and-premium-confusion.html
:)
November 28th, 2006, 2:07 am | #
LOL… vulturo .. are you sure about the Economy tag to this post?
Dude Pramit … you cant just throw figures and conclude. You have to show HOW these FIGURES lead to your conclusion.
Sorry, your post is downright silly.
A
November 28th, 2006, 11:23 am | #
Good copy paste from Economist. Fit for being listed on DP.
Patrix
November 28th, 2006, 3:34 pm | #
A, probably your ire is misdirected.
If the post is ‘copy-paste’ from Economist then you should take up the matter with the blog author.
Beau Peep
November 29th, 2006, 7:01 am | #
>>“LOL… vulturo .. are you sure about the Economy tag to this post?
Dude Pramit … you cant just throw figures and conclude. You have to show HOW these FIGURES lead to your conclusion.
Sorry, your post is downright silly.”
This is stupid. Why? Pramit didn’t create the figures, so ask Economist.
>> Good copy paste from Economist. Fit for being listed on DP.
If quoting a source is copy and paste, I must say you are a lamer A.
:)
November 29th, 2006, 9:49 pm | #
Beep Beep: Silly again. Why would I take the pains of verifying the source? You need to show how the numbers are leading to something.
Ex: This year India is selling 4 million two wheelers and 1 million passenger cars. Around 60% of the passenger cars are going to be sold in Metros. But our Metros cant take any additional cars. So we are heading towards traffic jams.
Makes sense right?
You cant come up with something like “External borrowings by the Indian Service sector is 12% while Asia’s average is 8%. Hence, doom.”
:)
November 30th, 2006, 7:41 am | #
http://www.rediff.com/money/2006/nov/30gdp.htm
What say Economist(s)?
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