Year: 2012

PM Dr. Singh has said that he will continue as the Finance Minister beyond the Monsoon Session of the parliament and has entrusted the job of answering questions to MoS. Dr Singh’s first term as Finance Minister in 1991-96 resulted in liberalization and far-reaching changes. Pranab Mukherjee demited from the office with a Historically Weak Indian Rupee, High Inflation, Weak GDP Growth, Amending Laws With Retrospective effect, etc Let us check the health of Indian Economy and take a prudent view on to what extent Dr. Singh can turnaround the Indian Economy, which has to happen now or will never happen.

India’s 4QFY12 GDP came in at 5.3% YoY – the lowest (more…)

You may heave heard in the news, read here about empty promises coming from the office of octogenarian Finance Minister Mr. Mukherjee curtailing Inflation. Rubbing salt on the woulds of Common Man’s concern on inflation is yet another rubber stamp kind of an authority, Dr Subbarrao, Governor of RBI. Both of them have neither been able to handle the inflation, rupee, GDP growth, etc nor frame any far reaching policy measures. Data suggests that in the last 12 months the average WPI / Inflation has been at a whopping 8.3%. Latest number for May-12 being 7.5% [YoY Growth]

Indian Inflation in the past 12 Months is Higher than the GDP Growth(recorded at 5.3% latest quarter on yearly basis). (more…)