8% GDP Growth This Quarter
PublicGyan got that one right
Analysts like JP Morgan did not get it right. But PublicGyan did. IN-GDP-805 (Indian Economy will grow over 8% in Q2/FY05) was trading at 90 moolers on the PublicGyan Exchange; implying that traders were 90% confident that it would grow at 8% or higher. Even with a small number of traders, PublicGyan got several predictions right.
Readers of the Indian Economy blog are welcome to give their feedback on how PublicGyan can be made more accurate and exciting.
They have on 155 members yet they give out membership by invite only. For a site named public gyan.. they seem to be a bit elite
Comment by Naryan — December 1, 2005 @ 1:34 pm
I am not sure we should get excited with growth numbers like 7.9% is bad and 8% is good. We should be more looking at a macro level view of the whole. With huge consumer spending that is being seen from the middle class the boom will continue as long the confidence in the economy remain strong. The focus of the government should be to expand the middleclass base and to push more people from the bottom of the pyramid to the higher levels.
The critical bottleneck for future growth is also going to be infrastructure and agriculture. Both these areas need immediate attention for de-bottlenecking growth. Huge/Massive investments in infrastructure and infusion of latest technology into agriculture is the need of the hour. Sadly both these areas are not getting enough attention from the government.
while Karnataka government is busy killing its golden goose of IT (which can outgrow the economy to keep the momentum) by neglecting the infrastructure issue, the centre is not coming with initiatives to usher in next agriculture revolution and supply chain management issues so as to make avail the farmers with easy access to international markets.
If corrective measure and needed initiatives are not taken country will again fall into vicious economy cycles from which it might takes years to recover.
Comment by eccentric — December 1, 2005 @ 2:10 pm
Naryan,
The intention is hardly to be elite. Each member gets 10 invites and can ask for more they run out. The idea was both to ensure we had peer-approved members and also to allow us to size up server load, bandwidth requirements etc.
Going forward, the intention is to open up to the public; this is on the cards. In the meantime, if you need an invite, please give Bluespan a shout.
Comment by Nitin — December 1, 2005 @ 2:59 pm
http://www.milkeninstitute.org/publications/review/2005_12/26_35mr28.pdf
May be public Gyan needs to read this.
Comment by Navin — December 2, 2005 @ 9:45 pm