i guess all that fun we had over the rupee's collapse has stung the indians.
and thats not the only thing that still stings them.......1962 comes to mind too.
i cannot trust the numbers out of india, no way their gdp is growing 5.3% when their inflation rate is so high and their currency is collapsing. consumers cant afford to buy things, india dont export that much and indian companies barely invest due to slowing demand and infrastructure spending is non-existent, so from where on earth did they come up with 5.3%?
the numbers dont add up. i think its all made up.
and i think most of the local indian politicians manipulate their growth numbers to avoid getting into trouble with the central indian government. they must get reelected, so they have an incentive to lie about their stats to appear to be doing a good job.
india has a history of lying and corruption such as the commonwealth games, their leaders said everything was great, but we all found out what a bunch of lies they were. if they are prepared to lie about such a massive event as the commonwealth games to the world, then just imagine the lies they can produce with a bunch of economic stats to con foreign investors.
i honestly think the real indian debt and deficits is much higher than what they report, because the rupee is collapsing like a country with debt to gdp ratio of 200%, not like a country that reports around 70% debt ratio. i think the debt is much higher and the gdp figure is all made up and their gdp number is much smaller than what they report.
i take indian inflation and gdp stats with a huge grain of salt.
... go boy go !!!
