India faces mass default and restructuring as devaluation looms

[CaptainJackSparrow]

May be this is a blessing in disguise. May be this is another 1991 moment when we were faced with worse problems.

 

[Rajaraja Chola]

May be this is a blessing in disguise. May be this is another 1991 moment when we were faced with worse problems.

Remember in 1991 congress had more than 400 MPs by itself...
But now>?

 

[bindaas]

Remember in 1991 congress had more than 400 MPs by itself...
But now>?

No buddy, it was in 80s.

 

[NALANDA]

And Indians are still arguing between Congress/BJP/Regional parties. The result is that the country is held hostage to regional players like Mamata, who can shut down retail FDI and any other reforms whenever they please. Policy paralysis.

What India should do now, is give Congress a majority, so that they can actually do something in these two years, instead of being held hostage by their allies.

Then in 2014, they should kick Congress out for being losers, and give BJP the majority instead.

Dude

You seem to keep track of India more than Indians do but your analysis and interpretation needs soem maturing.

more the FDI in Retail is delayed more local entities will gain strength and muscles.....opening is easy.....it can give the desired impetus even in future.

India will continue to be run by multiple party for few more 5 year terms....we have pretty well got used to it.

 

[Rajaraja Chola]

No buddy, it was in 80s.

Yes in 87 elections Rajiv gandhi came to power by creating a history...

 

[Chinese-Dragon]

India will continue to be run by multiple party for few more 5 year terms....we have pretty well got used to it.

Good luck with your upcoming downgrades then.

Since "policy paralysis" was the major reason why S&P downgraded India in the first place.

 

[bindaas]

Yes in 87 elections Rajiv gandhi came to power by creating a history...

V.P. Singh of Janata Dal came to power in 1989 and there was fresh election in 1991 P.V. Narasimha Rao become Prime minister with coalition partners after 1991 election.

 

[deckingraj]

Good luck with your upcoming downgrades then.

Since "policy paralysis" was the major reason why S&P downgraded India in the first place.

That is unfortunately true...Policy paralysis is going to stay atleast till 2014...Hopefully this time the coalition(it is now a reality) that comes will have some teeth as well...

 

[cloud_9]

The economy was just barely surviving because of policy paralysis and the euro crisis gave a heavy blow to it.
A lot of key bills are pending as both the government and the opposition is playing the common man card on these issues.
PRS | Bill Track | All Bills

Dudemore the FDI in Retail is delayed more local entities will gain strength and muscles.....opening is easy.....it can give the desired impetus even in future.

The only thing they have grown are there bellies..........by selling fake goods to the rural population

 

[Chinese-Dragon]

That is unfortunately true...Policy paralysis is going to stay atleast till 2014...Hopefully this time the coalition(it is now a reality) that comes will have some teeth as well...

According to the latest polls in this thread:

http://www.defence.pk/forums/indian-defence/181340-upa-loses-sheen-bjp-inches-ahead-survey.html

For the BJP, the dip of 8% in the Congress vote share is not a complete gain. The BJP is gaining only a marginal 1%. The remaining 7% dip in Congress vote share among these respondents is a gain for regional parties that tends to confirm the view that these parties will be crucial in the formation of the next government.

The "regional parties" are becoming stronger and stronger every day, at the expense of the two big parties.

That is a recipe for continuing policy paralysis.

 

[lem34]

Guys how long before we hit 60 rupees to the dollar?? Should we short the Indian Rs

 

[ChinaToday]

India is doing the greek in asia very bad news for all of us

 

[laman12345]

India economy is false, India dont produce much export item other than software which no one need in downtrand. we produce lots of grain and other agri product but companies buy them at very low rate from farmer because goverment will ban export at the time the crop comes and reduce the rate farmer can get. once this crop reach to farmers they will remove the ban so they can sell companies can sell product in international market . it is very little goverment can do to stop the rupee fall. in recession company will stop buying software but we can not stop buying oil. govement saying we are giving billion of $ for oil but what about the billion of billion $ purchase of defence equipment. we could save them but doing indegenous development but would not promot that because no one will get comission for that.

 

[lem34]

Maybe America will bail them out after all they have been very loyal.

 

[laman12345]

Only china can save Europe & India