India faces mass default and restructuring as devaluation looms

[bindaas]

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

It seems everyone is suffering, Pakistani rupees already crossed 92/dollar today, hope it will reach century very soon.

 

[itaskol]

maybe india should ask china for help.

 

[shuttler]

now indians are fretting over a change of government when the next general election is due 2014 but the rupee freefalling fiasco has just started

It has no options available, no bullets like their army's amunition which lasts for 2 days! You are going to dig into the civilians or NRIs for issuing high yield bonds as usual!

This might ring a Bell :
UK continues £1bn India aid despite 'peanuts' jibe - UK Politics - UK - The Independent

their fm has already soaked up a dozen pillows crying over this.

This is incredible. I wonder how India is going to pay for all those weapons it has purchased.

this is india's only pride for the moment. keep the dreams alive!

 

[laman12345]

India economy is false, India dont produce much export item other than software which no one need in downtrand. India 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.

Why indians blame politicians,economy and other factors. How many indians are working 12 hrs a day thinking india as his country? How can a country grow when indians are busy watching IPL and other unproductive corrupt cricket matches? Did they ever know that japanese worked 12 hrs a day for the progress, chinese worked 12 hrs or more a day. Tell me one instance where an indian has worked for his country. I have seen in Gujarat even shopkeepers keep their shops closed for 5-6 hrs during day . Country is not build by wasting time but by working. Indians copy westerners blindly but they forger western guys work for 5 days 100% before they get 2 days off. it is general habit of indians to put blame on each others for sufferings.

 

[Rusty]

Incredible Pakistani rupees already crossed 92/dollar today, hope it will reach century very soon.

Please stay on topic or kindly don't post at all.

If you want to discuss something else then feel free to open another thread.

 

[lem34]

To cheer up our Indian friends as the Indian Rs is way down I thought a bit of music by Elvis would be appropriate

Elvis - Way Down - YouTube

 

[laman12345]

Will India Collapse?

Falling exchange rate of rupee against dollar is due to hyper-inflation. Dr. Manmohan Singh was comparing Indian currency crisis against dollar to Brazil. It’s not true, our Prime Minister was trying to manipulate. Hyperinflation in India, I am afraid, will have to be compared to hyperinflation in Zimbabwe. When Zimbabwe won independence from British in 1980, the Zimbabwean dollar was more valuable than the US dollar. Slowly but steadily wrong economic and land reform policies implemented by Zimbabwean President Robert Mugabe led to total debacles. Production of food and manufacturing outputs fell drastically (60%), this led to unemployment (80%), Mugabe government was not ready to admit errors and to impliement remedial actions while continued to print currency notes which had no purchasing power since there was no production of goods and services. Zimbabwe Dollar denominations were ranging from 10 to 100 billon still with very little value. The magnitude of the currency scalars signifies the extent of the hyperinflation. In 2009 Zimbabwe currency was dead and was laid to RIP, so currencies of other countries are used. What is happening is no laughing matter. For Zimbabweans – bread, meat, margarines, even once ubiquitous morning cup of tea – have become unimaginable luxuries. Where India is heading to?

 

[shuttler]

Only China can save Europe & India

maybe india should ask china for help.

leave indians alone. there are more countries out there which need our assistance!

they are the "darlings" of the world. they have so many sugar daddies who cant wait to render their rescue!

 

[lem34]

leave indians alone. there are more countries out there which need our assistance!

But we can give them music by Brucie babe am going down down down.

Bruce Springsteen - I'm going down - YouTube

 

[SamantK]

Yeah, India is doomed and it will collapse.. thanks all for the deep insight!

 

[ChinaToday]

Only china can save Europe & India

No doubt india PM will come to china with a begging bowl yes you are right we are their only hope.

 

[CaptainJackSparrow]

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

lol a Pakistani commending India for loyalty to Uncle Sam.

 

[SamantK]

No doubt india PM will come to china with a begging bowl yes you are right we are their only hope.

How true! How did you posses such a fore-sight was it CPC given?

 

[lem34]

No doubt india PM will come to china with a begging bowl yes you are right we are their only hope.

But if you assist them you must ask them to improve their human rights records and they must not harbour clowns and terrorists like lamai dama or whatever his name is

 

[SamantK]

But if you assist them you must ask them to improve their human rights records and they must not harbour clowns and terrorists like lamai dama or whatever his name is

haha, you are so dumb!