Don't panic: Pranab seeks calm after S&P downgrade India

[IndoCarib]

Indians were talking about China's Bubble - Looks like Indian Bubble is about to burst anytime soon.

India never had a bubble . We were growing at a very nominal rate , unlike China's double digits

 

[protest]

I will present a wild theory. I think GOI in collision with these bodies could have intently asked to reduce the credit rating so to pressure their allies and opposition, get the reforms done in a brisker pace. Sure the West would collude if it means opening up of our retail sector.

 

[IndoCarib]

No need to panic indeed. It is only indication to the govt to kick start reforms

Analysts downplay S&P downgrading, say nothing new in warning - The Times of India

 

[junk]

if i was a FII i would be putting my shoes on, run while you can

 

[Chinese-Dragon]

India never had a bubble . We were growing at a very nominal rate , unlike China's double digits

What kind of logic is that?

America wasn't growing at double-digit rates before their housing bubble crash.

Japan wasn't growing at double-digit rates before their asset bubble crash.

Bubbles occur when prices/values are significantly above the intrinstic value of what is being produced. At least with China, we are actually producing things (buildings and products) that have intrinsic value, they are tangible things that actually exist.

Compared to the Wall Street guys, who get rich without actually creating anything tangible that you can hold in your hands. Just numbers and data on the screen.

 

[LetsGetRowdy]

when they tell you not to panic..



























it's time to panic.

 

[kawaraj]

I still hope FM should make sure their current account in check, usually when the US dominant Rating Agency's downgrading someone, that's the horn sounding calling US money out, thus the panic literally.

 

[Alchemy]

Good, this is like a kick in the back of the UPA government, which will have to something about the policy paralysis and hopefully some meaningful reforms take place.

Meaningful reforms wont take place until Congress depends on allies like Mamatha et all ...2014 is the answer policy paralysis

 

[junk]

I still hope FM should make sure their current account in check, usually when the US dominant Rating Agency's downgrading someone, that's the horn sounding calling US money out, thus the panic literally.

it will take a while for news to sink in give it a week or two

which parties are opposing reforms?

 

[Chinese-Dragon]

Meaningful reforms wont take place until Congress depends on allies like Mamatha et all ...

How can a single political ally like Mamata hold the entire Congress government hostage like that?

 

[kawaraj]

it will take a while for news to sink in give it a week or two

which parties are opposing reforms?

the Americans are evil at best, if you carefully observe what happened in the EU, you can sense what a scheme the US has forged.

they seek the shortfall of the alliance, then they got the weak-link, then pop up the uncompetitive economy, or the weaklink GREECE by artificially lending money and groom the bond bubble, the they retreat, thus the cycle, during which these Rating Agencies are always the forefront of this finance war.

 

[junk]

the Americans are evil at best, if you carefully observe what happened in the EU, you can sense what a scheme the US has forged.

they seek the shortfall of the alliance, then they got the weak-link, then pop up the uncompetitive economy, or the weaklink GREECE by artificially lending money and groom the bond bubble, the they retreat, thus the cycle, during which these Rating Agencies are always the forefront of this finance war.

by your logic its time for hot money to abadon india the future supa powa?

 

[kawaraj]

I don't know, but for a far-fetched wild theory, the US not satisfied with the Agni-5? then just a warning?

 

[junk]

how do you connect angi-5 to s&p rating downgrade ?

may be Uncle is not happy with india getting friendly with china?

 

[kawaraj]

how do you connect angi-5 to s&p rating downgrade ?

may be Uncle is not happy with india getting friendly with china?

I said it's far-fetched, but if it's from S&P, the US flag benchmark rating agency, their must be some political agenda down there.