[itsrahul]

Originally Posted by inblue

They say India Shining, India Poised and all that..

Some also say "India Overheating"

[inblue]

I was about to come to that. Why do you think the RBI had increased the CRR and is tightening the monetay policy to reduce liquidity in the market . Some control and direction is necessary to move to an investment led growth from a consumption led growth.

This should be good refrence. Economic outlook for 2006/2007.
Its from the EAC ( Ecomomic Advisory Council) to the PM

PS : Celebrating my Hardcore-ism.

[itsrahul]

Originally Posted by inblue

I was about to come to that. Why do you think the RBI had increased the CRR and is tightening the monetay policy to reduce liquidity in the market . Some control and direction is necessary to move to an investment led growth from a consumption led growth.
PS : Celebrating my Hardcore-ism.

Agree on this. Inflation is at an all time high; demand-supply gap is widening.
But if people do not consume, where will they invest their money? Stock market is probably over-valued; real-estate market is definitely overvalued; actual returns on interests on savings are negative (inflation rate is higher than interest rate). Plus the government is planning to tax interest on PPF, do away with tax-saving instruments etc etc.
What is an avg middle-class person supposed to do with his money!!!!??:

[Time]

Originally Posted by inblue

Read about the 300K offer and tried to find out profiles but no success.
Guess they dont make it publicly available like IMD. But one thing struck me Avg age 33 years.

Whoever got it should have been higher in the spectrum.

Some of us in the second batch of PGPX have been to IIMA and had extensive interaction with the pioneering batch. Since PGPX is following a system of rolling placements, the process is long drawn and is expected to be completed only by end of March 2007. Full information and details of placement statistics would be made public around this time. Until, then what we see is information trickles from media.

But the good news I am told is that, PGPX is able to get jobs commensurate with prior experience and in middle and senior management levels. Often the head of the businesses are themselves getting involved with the selection process themselves, which is a testimony to the roles on offer. Most of the batch also seems to be placed and the outlook is very positive.

[deba_s56]

Originally Posted by itsrahul

Agree on this. Inflation is at an all time high; demand-supply gap is widening.
But if people do not consume, where will they invest their money? Stock market is probably over-valued; real-estate market is definitely overvalued; actual returns on interests on savings are negative (inflation rate is higher than interest rate). Plus the government is planning to tax interest on PPF, do away with tax-saving instruments etc etc.
What is an avg middle-class person supposed to do with his money!!!!??:

INDIA IS OVER-HYPED...

[Suvrat]

Originally Posted by itsrahul

Agree on this. Inflation is at an all time high; demand-supply gap is widening.
actual returns on interests on savings are negative (inflation rate is higher than interest rate). Plus the government is planning to tax interest on PPF, do away with tax-saving instruments etc etc.
What is an avg middle-class person supposed to do with his money!!!!??:

Inflation is a natural consequence of a booming economy. The rate of interest for FDs is at 9.25% which is definitely greater than the inflation rate of 6.75% so the return is not negative. The tax exemptions are being done away with in order to simplify the tax structure and the plan is to remove the exemptions and lower the tax rates. I am very bullish about the Indian economy, we have a long way to go and we must not read too much into the infaltion hike

[Suvrat]

Originally Posted by deba_s56

INDIA IS OVER-HYPED...

India is not over-hyped, it's just beginning to realize it's potential. We will be 2nd largest economy in the world by 2050 after China.

[kgkid]

Originally Posted by inblue

I was about to come to that. Why do you think the RBI had increased the CRR and is tightening the monetay policy to reduce liquidity in the market . Some control and direction is necessary to move to an investment led growth from a consumption led growth.

This should be good refrence. Economic outlook for 2006/2007.
Its from the EAC ( Ecomomic Advisory Council) to the PM

PS : Celebrating my Hardcore-ism.

well too many people buying property and real-estate prices increasing at astronomical rates. People are doing this for investment rather than the primitive motive of acquiring a shelter.
RBI had to cut it somewhere!

[Neo2000]

Okie 2 things

1. Thread is in the right place. The PGPX programme generally comes under the Foreign B-school gamut.
2. Everyone seems to have forgotten the original topic and is discussing economics. Am tempted to spin-off a new thread.

Hoping some of the current PGPX students can give us some inside info on what's happening :-)

Edit: 950 posts

[kgkid]

Originally Posted by Neo2000

Okie 2 things

1. Thread is in the right place. The PGPX programme generally comes under the Foreign B-school gamut.
2. Everyone seems to have forgotten the original topic and is discussing economics. Am tempted to spin-off a new thread.

Hoping some of the current PGPX students can give us some inside info on what's happening :-)

Edit: 950 posts

Hey neo, can you delete the off-topic posts.