Pakistan is still far better then India, today its 26th and in 2025 it will be 18th Economic Power
hans
Banned
May I know what does this newspaper refer to as 18th Economic power house of the world by 2025.
Are we talking about being a Economic Power house based on Manufacture / Producer or being a Consumer Society?
You can see the results USA and China. Both of them are major Power House. One being Consumer the other Manufacture.
Now should we take this whole issue with a pinch of Salt? Lets compare Fresh water supply for Pakistan with its projected Population
for 2025. Or should we compare our infrstructure like Power, Water distrubution, Food distribution network, Railway, Roads, etc....Compare it with
1965 / 2011?
Is any one in the Govt even thinking about 2015? leave alone 2025.
I am very sorry for being so negative, and reflecting my Pessimism with a cynical smile.
Are we talking about being a Economic Power house based on Manufacture / Producer or being a Consumer Society?
You can see the results USA and China. Both of them are major Power House. One being Consumer the other Manufacture.
Now should we take this whole issue with a pinch of Salt? Lets compare Fresh water supply for Pakistan with its projected Population
for 2025. Or should we compare our infrstructure like Power, Water distrubution, Food distribution network, Railway, Roads, etc....Compare it with
1965 / 2011?
Is any one in the Govt even thinking about 2015? leave alone 2025.
I am very sorry for being so negative, and reflecting my Pessimism with a cynical smile.
gazoomartian
Prime Minister (20k+ posts)
you never have a smile, cynical or otherwise.
Lodhi! I told you so many times not to post anything that does not go well with and Hans, India, or Israel. It hurts him !!!!!
Zindabad4u
Senator (1k+ posts)
its possible but i will see the QUAID-E-AZAM type leader other wise dream on babe (clap)(clap)(clap)
urdu_man
Banned
pakistan is on 47 or on 48 the number
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)
urdu_man
Banned
urdu_man
Banned
bad news here. per capita income is too low here
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita
pakistan on 133th number
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita
pakistan on 133th number
gazoomartian
Prime Minister (20k+ posts)
Just for you Lodhi saheb
.
..........and InshaAllah this by 2040
and by 2050 this:
.
..........and InshaAllah this by 2040
and by 2050 this:
gazoomartian
Prime Minister (20k+ posts)
can anybody please tell me if I wrote it correctly, correct it please if its wrong
لا الہہ الا ا للہ
If you have one with zer-zabar-pesh, please give to me.
jazakallah
لا الہہ الا ا للہ
jazakallah
Mohan Tiwari
Banned
why do you need to compare with india?
compete with nation of your size!!
by the way by 2025 Indian economy will be 3rd largest in the world!!
i hope karachi,balochistan remains part of pakistan by 2025!!
compete with nation of your size!!
by the way by 2025 Indian economy will be 3rd largest in the world!!
gazoomartian[/URL said:487635]Just for you Lodhi saheb
.
..........and InshaAllah this by 2040
and by 2050 this:
i hope karachi,balochistan remains part of pakistan by 2025!!
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littlemaster
Minister (2k+ posts)
yes on papers but in reality still slum.is not it?
Mohan Tiwari
Banned
in reality,it is able to reduce poverty !!in next 15 years,india will have 100% literacy from 75% (current) and its per capital would have grown to 6-7 times!!
if you really want to compare with pakistan after 15 years ,then i could say that India per capita would be 2-3 times bigger than pakistan!!
by installing lok pal and controlling corruption in bureaucracy;it will be surely able to reduce poverty by 20 % in next 15 years!!
littlemaster
Minister (2k+ posts)
you havn't mentioned toilet progress in 15 years.
Mohan Tiwari
Banned
why dont you bother about economic development of pkistan.............you cant sit on internet if your govt stops begging !!
Credit: Reuters/Jayanta Dey
By Swati Pandey
MUMBAI | Sat Aug 13, 2011 4:26pm IST
MUMBAI (Reuters) - ICICI Bank's takeover of a stake in a debt-laden telecom tower firm is an ominous sign of things to come as India's slowing economy and slumping shares erode the value of collateral on loans that companies are struggling to repay.
Weak markets, the global debt crisis and surging interest rates will further cripple Indian companies' ability to raise funds and manage borrowings and could worsen banks' credit quality.
State-run lenders, which account for 70 percent of the country's total advances, have voiced concerns over loan-repayment capabilities of borrowers after a rise in bad debts.
Compounding the problem, founders of several companies have pledged their shares for loans, meaning that as stocks fall, banks are demanding a top-up in security.
More than $33 billion worth of shares have been pledged with banks as collateral, with founders of as many as 17 companies pledging over 90 percent of their holdings, Bank of America-Merrill Lynch said in a June report.
"This is over-leveraging. It's like a fire. It will hit both the corporates and the banks," said Jagannadham Thunuguntla, equity head at brokerage SMC Capitals.
"There are some companies where the founders have pledged almost 100 percent of their shareholding. It could backfire."
Crisil, majority owned by Standard & Poor's, expects more credit downgrades and defaults for Indian companies in the coming months, Director Ramraj Pai told Reuters.
Bad loans at Indian banks are expected to rise to about 2.6 percent of their total assets in the year to March 2012 from 2.3 percent a year ago, ratings agency Crisil said. They have remained at the 2.3-2.4 percent levels since 2008.
A total of 43 accounts have defaulted in the June quarter, more than a third in the year to March 2011, Crisil said.
Investors have dumped bank shares on concerns of credit quality, slowing growth and lower profitability in a rising interest rate environment.
Shares of Indian lenders including No.1 State Bank of India, ICICI, Bank of India and Union Bank of India have fallen 18-22 percent so far this year, compared with a 13 percent fall in the BSE Bank index.
'THAT SINKING FEELING'
About 17 percent of Indian banks' outstanding credit could be stressed, IDFC Securities said in a recent research note titled 'Asset Quality - That sinking feeling.'
"Stubborn inflation, a spurt in interest rates and slower economy are straining India Inc's debt-servicing capacity. Ongoing infrastructure projects are at risk due to policy paralysis and a plethora of scams," it said.
Infrastructure assets including telecom, construction and power, which account for about 25 percent of total corporate credit, are a key concern for banks.
"Real estate will be more vulnerable to slippages, and infrastructure as well," said Alok Mishra, chairman and managing director of state-run Bank of India.
Banks are also keeping a close eye on India's No. 2 mobile carrier Reliance Communication, which is struggling to reduce a $7 billion mountain of debt, after posting a seventh straight quarterly profit decline in January-March.
Reliance has said that "strategic initiatives" were underway to reduce its debt. It had said in May it was looking to sell its tower arm to raise funds to lower borrowings but is yet to announce a deal.
The telecom sector is under pressure due to the ongoing investigations over irregularities in the 2G spectrum allocation that state auditors say cost the government $39 billion in lost revenues, higher interest rates and low average revenue per user.
"Some companies in the infrastructure sector specifically have extended themselves beyond their capabilities. If these projects don't go through or there is a change in fundamentals, they can be in trouble," said J Venkatesan, fund manager at Sundaram BNP Paribas Asset Management.
"Project finance loans are a problem too, specially when projects don't happen as scheduled."
He expects impact of these loans to show in banks' books in two years as most infrastructure projects have a long gestation period. Sundaram BNP Paribas owns stakes in India's top lenders.
INTO A ROUGH PATCH
ICICI Bank, India's No.2 lender, assumed a 29 percent stake in GTL Ltd in July, taking over shares pledged by its founder. The bank recovered nearly 2 billion rupees ($44.2 million) of the 5 billion rupees it loaned to GTL.
GTL shares had fallen more than 60 percent in just one day in June on market talk it may have fallen behind the debt-repayment schedule or a stakeholder could have sold shares in the open market.
Lenders to another group firm, GTL Infrastructure, plan to meet on Aug. 12 to consider terms and conditions for its debt-recast proposal, three bankers involved in the restructuring told Reuters.
They declined to be identified as they were not allowed to talk about their clients.
Earlier this year, liquor baron Vijay Mallya's Kingfisher Airline ceded a more than 29 percent stake to a group of 14 banks including top lender State Bank of India as part of a debt restructuring.
Cases referred for corporate debt restructuring (CDR) are also rising, banks said.
In July, nine new cases worth 170 billion rupees were referred to CDR, a bulk of it for GTL Infrastructure's nearly $2.5 billion of debt involving more than 20 banks, the bankers said.
"As interest rates rise and there is a slowdown there will be some companies that might want to go for debt restructuring," said B Ravindranath, chairman of the Corporate Debt Restructuring cell, which assesses and approves CDR proposals by banks.
The cell, a voluntary forum of Indian banks, said it is currently working to recast 131 loans worth nearly 700 billion rupees for sugar mills, textile units and micro lenders, among others.
Companies that turned to lenders to get their loans restructured in the past months include Oudh Sugar Mills, which was hit by soaring input costs in a highly regulated Indian sugar industry, and microfinance firms such as Asmitha Microfin and Future Financial Services.
Analysts have cautioned against investing in the banking sector. Their top-picks are ICICI, HDFC Bank and Axis Bank, but they have a unanimous "avoid" rating on several state-run banks.
The RBI, one of the most aggressive globally, has raised interest rates 11 times since March 2010 by a total 3.25 percentage points to tame inflation, but at the cost of growth, pushing corporate loan rates up to more than 10.25 percent.
The country's January-March growth was a worse-than-expected 7.8 percent, with economists expecting India to grow at 7.9 percent in the fiscal year that began in April, according to a Reuters poll, less than the 8.5 percent in the fiscal year ended in March.
"Signs of slowdown are undeniable. We are heading into a rough patch," SMC's Thunuguntla said.
"Banks' asset quality should come under pressure, there is no doubt about that."
http://in.reuters.com/article/2011/08/13/idINIndia-58712820110813
NEW DELHI, March 31 (Reuters) - India's total external debt rose to $297.5 billion at the end of December, up 0.57 percent from the estimated debt of $295.8 billion in the September quarter, the government said in a statement on Thursday. (Reporting by Rajesh Kumar Singh; editing by Malini Menon)
[h=1]Pakistan external debt mounts to $58.39b at the end of December.[/h]Just see who is begging India or Pakistan.
littlemaster
Minister (2k+ posts)
littlemaster
Minister (2k+ posts)
then tell me how you felt when this secret disclosed ........gandi gi was gay.
