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India Rising?

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India Rising? Empty India Rising?

Post by confuzzled dude Thu Jul 07, 2016 9:20 pm

Recent economic events confirm India’s success. FDI inflows into India during January–June stood at $31 billion, ahead of China’s $28 billion and the U.S.’s $27 billion. While questions remain about the macro-statistics of the Chinese and Indian economies, India does appear to have eclipsed China as the world’s fastest largest growing economy.
However, by other measures, India is hardly the most open economy for FDI. In The Heritage Foundation’s 2015 Index of Economic Freedom, India was ranked an uninspiring 150th and 144th in trade and financial freedom, respectively.

The most recent disturbing signal regarding India’s commitment to sound economics involve the politics of monetary policy.
So, yes, apparently, India is rising. And this is a great thing. But reformers in New Delhi and global investors should remain vigilant. There are always forces waiting to bring it back down.

http://dailysignal.com/2016/07/07/india-rising/

India still has a ways to go.. Just to cancel an insurance policy, they need passport size photos, revenue stamp, passport, proof of residence and a host of other documents, nothing is easy.

confuzzled dude

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