India on the brink of its own financial crisis

[sardar1987]

See everyone is going ballistic for no reason.Chinese and pakistanis have a reason to be happy as we are truly fuc**d,no doubt about it but part of the reason is policy paralysis with no meaningful law being passed in the last 5 years.I hope the food bill gets stalled and we get early polls.And the only way to overcome this downward spiral is by making a manufacturing base,,,,,it will surely happen but time is running out and if india is not being able to tap its young educated population into something meaningful then we do have a serious problem.

 

[Hobo1]

Sonia Gandhi the italian B^i^t^ch has totally destroyed Indian economy and what is distressing most of the country is hardly concerned about it.
Americans supply weapons to Pakistan so as to provide Pakistan balance to counter the Indian military buildup.
In recent years India's economic might has also made Pakistan nervous, so sonia acting per the instructions of her western masters has tried to do her bit to establish a bit of parity on economic front with Pakistan.

 

[sardar1987]

Its simple man.Either its socialism or capitalism and we sure are not a capitalist country,,,unless we stop giving the useless doles to people we would be left with no doles at all!!

 

[JohnyBoy]

Didn't know you cared about India that much!

Dude... most Indians don't care about India, who the hell are you?

Or, are you planning to migrate to India and contest in elections?

I request you to please shut your mouth and get out of India economy related threads!

If possible also take your country out of the BRICS before its too late...

Hey...Relax...Do not be so rude...These are definitely trouble times... hope the economy gets better in 2014...

 

[TopCat]

I think the next big investment (infra/finance destination would be Sri Lanka ) . Am not trolling but with the end of the strife, this island nation will be standing tall in a decade's time - PROVIDED things don't go the other way. China has already begun to look into SL. A lot of other garment producing centers are already looking at SL again with their strong banking laws (as against those of dismal Bangladesh's). This is one country that has the potential.

(Above statement made in context of Pakistan's mention. If only, as Graphican mentioned, Pakistan's house was in order to lap up the transfer of FDI from INdia).

Can you specify the specific law??? We in Bangladesh allow 100% foreign ownership of business and 100% repatriation of capital. There are few service sectors are barred even some sectors are barred from private ownership for instance Petroleum and Oil for obvious good reason. But still its hard for foreign companies as they have to face stiff domestic competition. We dont sell bonds, dont allow hedge funds also we have a lock in stock market for a year for any foreign investment. We only allow long term real investor as we dont have any compulsion as we always historically maintains current account surplus with low foreign debt. Our economy is driven by domestic investment unlike any of our south asian peers and immuned to the situation that Pakistan Srilanka or India facing now.

 

[sardar1987]

Nope it won't,on the contrary after the passage of food bill we will feel the real heat.Heck mulayam singh wants pulses to be added to the bill,wtf!!!A subsidy burden of above 2 lakh crore is sure to **** up the economy

 

[t-birds]

Indian economy will turn a corner by March 2013: Montek

Hey...Relax...Do not be so rude...These are definitely trouble times... hope the economy gets better in 2014...

Hey.., thats what Montek Singh Ahluwalia, deputy chairman of the Planning Commission, said in an interview to NDTV back in 2012..??

 

[sardar1987]

I mean whats with everyone here??Indians are laughing at chinese ,pakistanis are laughing at indians and chinese are laughing at americans!!!you get my point,wtf!!!

 

[anonymus]

This government has truly screwed us by pursuing wasteful policies like this food security bill even when Fiscal deficit was 6% of GDP.


We now have nowhere to run and nowhere to hide. Once this bloodsucking Food Security bill is passed by Parliament, expect $hit to get real.


On top of it government is planning to increase retirement age to 62 in order to defer pension payments by 2 years ( as if useless expenditure for food security bill would become 0 after 2 years ). This is going to dry up jobs further increasing unemployment.

So the plan of manufacturing poverty is in full swing. On one hand create demand by cutting jobs and on other hand create supply for welfare queen losers.

 

[t-birds]

No wait... I know who is to blame for India's runaway inflation.......?????

News X: ISI handlers are behind priniting and distributing fake Indian no

 

[TopCat]

This government has truly screwed us by pursuing wasteful policies like this food security bill even when Fiscal deficit was 6% of GDP.


We now have nowhere to run and nowhere to hide. Once this bloodsucking Food Security bill is passed by Parliament, expect $hit to get real.


On top of it government is planning to increase retirement age to 62 in order to defer pension payments by 2 years ( as if useless expenditure for food security bill would become 0 after 2 years ). This is going to dry up jobs further increasing unemployment.

So the plan of manufacturing poverty is in full swing. On one hand create demand by cutting jobs and on other hand create supply for welfare queen losers.

What if India cut defense budget by half which will certainly can help instead of cutting food security bill for poors. I know you wont be able to bully anymore, and nothing else to loose.

 

[IndoCarib]

What if India cut defense budget by half which will certainly can help instead of cutting food security bill for poors. I know you wont be able to bully anymore, and nothing else to loose.

we will be bullied. It is better to poor and alive than be dead.

 

[sardar1987]

Sardar Speaks: INDIAN DOOM:FOOD SECURITY BILL

 

[anonymus]

What if India cut defense budget by half which will certainly can help instead of cutting food security bill for poors. I know you wont be able to bully anymore, and nothing else to loose.

India's defense budget is 1.7% of GDP. There is no scope for downward revision.

Congress want to create a dependent slave army to further it's monarchical and nepotist goals.

 

[JohnyBoy]

Indian economy will turn a corner by March 2013: Montek




Hey.., thats what Montek Singh Ahluwalia, deputy chairman of the Planning Commission, said in an interview to NDTV back in 2012..??

So whats your point?..Like I mentioned - I "hope" the economy will improve...Anyways...lets see what reformations the new RBI governor brings in...