General Trading Chat

Centre revises GDP estimates. ATM these are just number, in my opinion, for their own sake, kind of bureaucratic in their formality. The real impact will become clear in coming days. Saw a fairly balanced interview by Aswath Damodaran on TV today in this regard... looking for it... will link it for those of us interested...
Edit: couldn't find bloomberg one ... here's ET Now with a few stupid questions but with two points which acquire salience in today's situation...
 
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siddhant4u

Well-Unknown Member
"government’s fiscal deficit last year was as large as 4.6 per cent of gross domestic product (GDP), much wider than the 3.8 per cent provided in the Budget presented in February earlier this year. "


So from 2nd Feb to 31st march suddenly fiscal deficit went up 0.8% of GDP !!!

bless covid, the three year downward pattern of GDP will not be noticed by any rating agencies.. :p

https://www.business-standard.com/a...t-s-economic-growth-story-120052901408_1.html
S&P expects COVID peak around September in India (TV news). Thus they expect the next year too to be a washout. Hope it doesn't affect any sovereign ratings.
 
"government’s fiscal deficit last year was as large as 4.6 per cent of gross domestic product (GDP), much wider than the 3.8 per cent provided in the Budget presented in February earlier this year. "


So from 2nd Feb to 31st march suddenly fiscal deficit went up 0.8% of GDP !!!

bless covid, the three year downward pattern of GDP will not be noticed by any rating agencies.. :p

https://www.business-standard.com/a...t-s-economic-growth-story-120052901408_1.html
4.6 bhi upward revise hoga... With a mischievous smile, Fin. Sec. Garg ji had quoted a figure of upward of 5.5 in an interview after the budget... right now (short term) most bad numbers are being discounted being "because of covid" and most good numbers are being rewarded as being "in spite of covid"... this covid "Ganga" will wash the sins of many, this season...
 

siddhant4u

Well-Unknown Member
4.6 bhi upward revise hoga... With a mischievous smile, Fin. Sec. Garg ji had quoted a figure of upward of 5.5 in an interview after the budget... right now (short term) most bad numbers are being discounted being "because of covid" and most good numbers are being rewarded as being "in spite of covid"... this covid "Ganga" will wash the sins of many, this season...
if you revise upward, that will create bad numbers next year... so better to revise it down later on (i..e complete close financial year)
 

Raj232

Well-Known Member
India is at 9th place today :rolleyes:
View attachment 42768
by june end it can easily be at 2nd place :rolleyes:
and by september end 1st place also looks possible :rolleyes:
India is growing to be top 3 in the world. Currently India is at 4th place.

... not economy wise.. this is coronavirus wise

... strong growth in new coronavirus cases every day.

1590803807545.png
 

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