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BW article on Indian Economy

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Post by Kris Wed Aug 28, 2013 2:40 am

http://www.businessweek.com/articles/2013-08-27/indias-rupee-keeps-falling-and-the-trade-deficit-keeps-widening
 
"Infrastructure deficit", "no export-led recovery possibility" on the horizon, "reversal of austerity" and politicking as usual. Fun times, fun times..

Kris

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Join date : 2011-04-28

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Post by truthbetold Wed Aug 28, 2013 6:11 am

Is India doing an Argentina? Will it go suicidal and go into hyper inflation?
Or is this more like 1996 collapse of Asian currencies due to withdrawal of foreign investment?
if it is more like Asian debacle it took few years but with in a decade Thailand, and Indonesia recovered well.
If it is more Argentina, India is doomed for a long time.
A colleague of mine who has relatives in Argentina says people do not stop at red lights because of purse snatching from women sitting on the passenger side. Kidnapping is a major industry. India has both those activities but at a lower level.
10 years is long enough for upa, India needs a change.

truthbetold

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