Created Tue 16th Dec 2008 2:26pm PST by 
deanthoreau
deanthoreau 
What will India's economic growth rate be for the year ending 2009?
Background: Until quite recently India, one of the world's fastest growing economies, felt they were largely immune from the contagion afflicting the rich world. Optimists even hoped India's huge emerging market might prove to be one of the engines that could pull the world out of recession. However,
exports in October fell by 12.5%, hundreds of small textile companies have gone out of business, the Indian automotive industry has suspended production. The central bank has revised its estimate of economic growth for 2008 downwards. to 7.5-8% which Economist magazine feels is still very optimistic. Some experts feel that the 2009 economic growth will be lower than it has been since 1992.
What will the actual economic growth of India be for the calendar year 2009?
exports in October fell by 12.5%, hundreds of small textile companies have gone out of business, the Indian automotive industry has suspended production. The central bank has revised its estimate of economic growth for 2008 downwards. to 7.5-8% which Economist magazine feels is still very optimistic. Some experts feel that the 2009 economic growth will be lower than it has been since 1992.
What will the actual economic growth of India be for the calendar year 2009?
Settlement details:As reported by the central bank.
Forecast history %
| negative economic growth |
| ||||
| positive growth up to 1% |
| ||||
| +1.000001% to 2% |
| ||||
| +3.000001% to 4% |
| ||||
| +4.000001% to 5% |
| ||||
| +5.000001% to 6.% |
| ||||
| +6.0001% to 7% |
| ||||
| +7.000001% to 10% |
| ||||
| anything above 10% |
|
Question suspends in 5 weeks
- Activity: H$12,146 |
- Predictions: 49 |
Comments: 0
Suspend date: Thu 31st Dec 3:59pm PST (5 weeks to go)
Initial likelihoods: negative economic growth: 1%, positive growth up to 1%: 5%, +1.000001% to 2%: 15%, +3.000001% to 4%: 20%, +4.000001% to 5%: 25%, +5.000001% to 6.%: 27%, +6.0001% to 7%: 5%, +7.000001% to 10%: 1%, anything above 10%: 1%
Action history:
Created Tue 16th Dec 2008 2:26pm PST by deanthoreau
deanthoreau
Changed Description Tue 30th Dec 2008 7:21am PST by 
infernalmachine![[Power User]](http://www.hubdub.com/images/icon_superuser.gif "This user is a super user")
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infernalmachine: show details ... it has been since 1992. <.<br/> What will the actual
Suspend date: Thu 31st Dec 3:59pm PST (5 weeks to go) details 
Get widget!Predictions (49)
frogchop
predicted anything above 10% (H$50 at 1%)
tinymarae
predicted +7.000001% to 10% (H$1,000 at 13%)
bigken1
predicted +5.000001% to 6.% (H$300 at 19%)Comments (0)
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