7 to 8% sustained growth _ formula for Indian future

by truthbetold Sat Jan 03, 2015 7:22 am

http://www.thehindu.com/business/jaitley-bats-for-more-autonomy-to-public-sector-banks/article6751570.ece?homepage=true

The ratio of stressed loans to their total advances (till September last year) for PSBs stood at a staggering 12.9 per cent, as opposed to the ratio for private sector banks, that was pegged at 4.4 per cent.

“We are looking to achieve a growth rate of 7-8 per cent and are confident of meeting our fiscal consolidation targets. The economy is at a t
ransformational stage and there is a need for the banking system to finance infrastructure development in the country,” he said.

Modi is laying the foundation for a sustained 7 to 8% growth for a long period of time to put India on a higher level of human development. His team picked up on political limitations likely to be caused by congress in Rajya sabha for another year.

While cds and MDs carp about good governance day like issues, rest of India is still behind Modi providing him time and political capital to steer the ship in the right direction.

It is interesting to see how history is made and it is even more interesting to observe the political imbeciles twist in their complicated webs to explain how India is falling apart under modi.

by confuzzled dude Sat Jan 03, 2015 7:32 pm

truthbetold wrote:http://www.thehindu.com/business/jaitley-bats-for-more-autonomy-to-public-sector-banks/article6751570.ece?homepage=true

The ratio of stressed loans to their total advances (till September last year) for PSBs stood at a staggering 12.9 per cent, as opposed to the ratio for private sector banks, that was pegged at 4.4 per cent.

“We are looking to achieve a growth rate of 7-8 per cent and are confident of meeting our fiscal consolidation targets. The economy is at a t
ransformational stage and there is a need for the banking system to finance infrastructure development in the country,” he said.

Modi is laying the foundation for a sustained 7 to 8% growth for a long period of time to put India on a higher level of human development. His team picked up on political limitations likely to be caused by congress in Rajya sabha for another year.

If empty talk is all needed to jump to conclusions then I believe India is already a first world country.

truthbetold wrote:
While cds and MDs carp about good governance day like issues, rest of India is still behind Modi providing him time and political capital to steer the ship in the right direction.

It is interesting to see how history is made and it is even more interesting to observe the political imbeciles twist in their complicated webs to explain how India is falling apart under modi.

If the US govt. openly supports white supremacist groups, and President's pastor says that the goal is to ensure that the US is 100% christian state and the govt keeps mum about conversions & re-conversions then you'd be singing a different song despite of all the good things happening (on the economy front).

7 to 8% sustained growth _ formula for Indian future

7 to 8% sustained growth _ formula for Indian future

Re: 7 to 8% sustained growth _ formula for Indian future