India may face its worst financial crisis in decades as rupee retreats

[IndoCarib]

Fundamentals are strong... but there is a lack of decision making power. It is not that we are falling apart but we are not meeting the potential that we have.

and lol when india started a war

Talking about decision making , India again became a laughing stock on its FDI retail policy rollback

India tarnishes its brand with supermarkets flip-flop - The Globe and Mail

 

[Jade]

It is not only India, China is also seeing its worst growth in a decade. The predictions are for the first time in a decade China's growth rate will be bellow 9%

http://www.defence.pk/forums/world-...wn-spreading-services-sector.html#post2365873

 

[SinoChallenger]

It is not only India, China is also seeing its worst growth in a decade. The predictions are for the first time in a decade China's growth rate will be bellow 9%

http://www.defence.pk/forums/world-...wn-spreading-services-sector.html#post2365873

Below 9%...... that may be low for China, but it would be a fantasy for india.

The ruppee is going to collapse completely and then indian poor will be wiped out completely. Then they will take to the streets and throw out GOI.

india will see the price of your imported military hardware go up by 1000% percent due to your hyperinflation.

 

[Lyrical Mockery]

Below 9%...... that may be low for China, but it would be a fantasy for india.

The ruppee is going to collapse completely and then indian poor will be wiped out completely. Then they will take to the streets and throw out GOI.

india will see the price of your imported military hardware go up by 1000% percent due to your hyperinflation.

6.9% is also a fantasy for many others.
The rupee is gaining ground again. go and google the news. no point basking in old news.

 

[FairAndUnbiased]

You actually believe tiny U.A.E. is India's biggest export market?? If I said China has $500 billion in exports to the island of Fiji, would you believe me???

transshipment point. hong kong has most of China's exports, but they're just transshipment.

 

[RoYaL~GuJJaR]

oh....

Nothing to get excited about...!!

At 12:22 pm (IST), the rupee was trading at 51.6650 per dollar after opening at the day's low of 51.8550. It had closed at 52.21 yesterday.

The rupee jumped on Thursday against the US dollar as the currency rose in line with other Asian peers after central banks across the world unleashed measures to boost liquidity amid mounting concerns about the eurozone debt crisis.

Rupee climbs as stocks rally, dollar softens

 

[Chinese-Dragon]

transshipment point. hong kong has most of China's exports, but they're just transshipment.

Exactly right. Our city has only 7 million people, there is no way we could consume all of those exports from the mainland, which is worth almost as much as our annual GDP every year.

 

[alphamale]

in 2008-09 rupee had faced the similar downfall but it recovered quickly back then, even now rupee is recovering back. also the inflation has come down to single figure. few reforms are one the way after that inflation will come down more & growth rate will increase.

 

[anonymus]

It must have a major impact on defence deals particularly MMRCA, increasing gap with China and reduction of gap of capabilities with Pakistan. And if MMRCA (including other deals) went through, economy will get a big jolt. Lose-lose situation India is in.

Indian Government Gross revenue receipt for year 2010-2011 was 9.32 trillion rupees or $192 billion which is increasing at the rate of 10.8% corresponding to a growth of GDP which is 8.1% and improving tax compliance by Indians.
MMCRA is worth $10-$13 billion and it wont be paid lumpsum but over the whole period of inductment which at least would be 7 years ie at most $1.4-$1.86 bn a year.Even if we assume that growth rate of GoI revenue is Zero(It is 10.8% in reality),MMCRA would work out to be 0.7-0.96% of tax revenue of government and 0.61% of GDP.I do not see it as a factor which could drive India to bankrupcy.

 

[Tshering22]

Congress is taking down india

India most disappointing among BRIC nations: Jim O'Neill - The Times of India

There is simply no other reason other than Congress for the country's slowdown. The faster we do something to bunt it out, the better it is.

 

[t-birds]

Hey... maybe Pakistan could help India stimulate their currency...? I heard from an Indian source that Pakistan had pumped 10,000 crore rupees into the Indian economy..!!!!