India on the brink of its own financial crisis

[Rajib]

Please bear with me.The problem is not the economy slowing but laws like food security that are gonna cost are forever once implemented like quotas,no one is understanding this.We would be spending 30 billion blus $ on that shitty scheme and u expect govt to have enough money for infrastructure building after that???? wow,nice dreams

I guess pakistanis are very happy,,,,as they never had anything going going for them,so scenario has been constant,hard words but i speak truth

You are 100% correct. It all started with fisical defcit and subsequent I.flation.I belive Congress will go for early election.Mgnrega and Food security is indirectly inflict to economy.certain leader in Congress want to drag india to where Italy is now."go down with Italy".

 

[TopCat]

Nothing will happen.After all its 100 billion plus market.MNC will look for increase localization of production.Advantage india.India import cashew nut and apple of 2 billion dollar.Govt will stop this kind of non essential import overnight.Can't do this in normal scenario due to FTA signed with many countries.Rest is monthly 12 billion dollar oil import.Iran taking rupee payment now a days after US sanction. One more of option is currency swap like we have with Japan.too much to do with market sentiment nothing else.hard to believe fellow Pakistani friend is talking too much of Indian economy.Does they have any economy at all back home.

With the kind of inflation going on, no one going to swap currency with you.
For instance you gave somebody 100 rupee, but after 3 months he came back to buy something from India which will worth only 50 rupee.

Fix your economy first before find some short cut sneaky solution. Nobody going to buy it.

 

[xyxmt]

India on the brink of its own financial crisis

In a reprise of the 1997-98 Asian crisis, India's stock market is plunging, bond yields are nudging 10% and capital is flooding out of the country

India's financial woes are rapidly approaching the critical stage. The rupee has depreciated by 44% in the past two years and hit a record low against the US dollar on Monday. The stock market is plunging, bond yields are nudging 10% and capital is flooding out of the country.

In a sense, this is a classic case of deja vu, a revisiting of the Asian crisis of 1997-98 that acted as an unheeded warning sign of what was in store for the global economy a decade later. An emerging economy exhibiting strong growth attracts the attention of foreign investors. Inward investment comes in together with hot money flows that circumvent capital controls. Capital inflows push up the exchange rate, making imports cheaper and exports dearer. The trade deficit balloons, growth slows, deep-seated structural flaws become more prominent and the hot money leaves.

The trigger for the run on the rupee has been the news from Washington that the Federal Reserve is considering scaling back - "tapering" - its bond-buying stimulus programme from next month. This has consequences for all emerging market economies: firstly, there is the fear that a reduced stimulus will mean weaker growth in the US, with a knock-on impact on exports from the developing world. Secondly, high-yielding currencies such as the rupee have benefited from a search for yield on the part of global investors. If policy is going to be tightened in the US, then the dollar becomes more attractive and the rupee less so.

But while the Indonesian rupee and the South African rand are also feeling the heat, it is India – with its large trade and budget deficits – that looks like the accident most likely to happen. On past form, emerging market crises go through three stages: in stage one, policymakers do nothing in the hope that the problem goes away. In stage two, they cobble together some panic measures, normally involving half-baked capital controls and selling of dollars in an attempt to underpin their currencies. In stage three, they either come up with a workable plan themselves or call in the IMF. India is on the cusp of stage three.

India on the brink of its own financial crisis | Business | The Guardian

The INR is now at 63,75 to the USD.

this is "wag the dog 2 - the financial Wuff"
it goes like this pump pump pump, then take out the air - lets find next target

 

[by78]

We are still more than six years away from 2020. Let's wait and see.


We can be a developed nation by 2020: Kalam - Times Of India

We can be a developed nation by 2020: Kalam

NEW DELHI: After a tenure at Rashtrapati Bhavan which saw him being hailed as the "people's President" and which he used to exhort the nation to set its sights on "superpower" status, APJ Abdul Kalam in his farewell address to the nation said the idea of a developed India even before 2020 had struck deep roots in the popular imagination.

In a presidency where his affinity for youth stood out, and earned him the admiration of millions of schoolchildren, Kalam said the young had begun to drive India's transformation into a developed nation. He, in fact, emphasised that the country can complete the transition to developed status much before 2020 - the time-frame he had laid down for the country to achieve the mark.

"Aspirations of the young to live in a prosperous, safe and proud India should be the guiding factor in whatever profession we contribute," he said.

The President, who hands over occupancy of Rashtrapati Bhavan to India's first woman head of state, Pratibha Patil, on Wednesday, said, "With the ignited minds of our youth below the age of 25, which I consider the most powerful resource on earth...we have to empower the youth through value-based education and leadership."

In outlining his vision of India, Kalam also added that the current pursuit of economic growth must be complimented by efforts to preserve India's "rich and diverse" cultural and civilisational treasures.

In his speech, televised on Tuesday evening, Kalam said he was confident that the goal of a developed India before 2020 could be realised as it was a nation of hard-working people and the power of 540 million youth was bound to assert itself. But he underlined the need to keep intact cultural values as this "..is our duty for our future generations". This task, Kalam said, "has to be done on a much larger scale through countrywide participation of multiple institutions...Every sector of our country has given me the hope that India can become a developed nation well before 2020."

He said he was happy to demit office after "completing five beautiful and eventful years in Rashtrapati Bhavan". He pointed to a wide range of associations he had formed by interacting with people with callings as diverse as politics, farming, home makers, media, students and science and technology.

Not forgetting the armed forces, of which he was the supreme commander, Kalam said: "When the nation sleeps, members of defence teams are awake to guard us. The nation cherishes the valour, commitment and devotion of our defence forces."

 

[Lightningbolt]

India is finished. Their economic miracle is over. The house if cards has collapsed. Back to the 'Hibdu rate of 'growth'

 

[Dandpatta]

India is finished. Their economic miracle is over. The house if cards has collapsed. Back to the 'Hibdu rate of 'growth'

Really? But my nation still exists. Early morning brain farts from you ! There is a place for it. The toilet.

 

[East Asia United]

Really? But my nation still exists. Early morning brain farts from you ! There is a place for it. The toilet.

A toilet? What is that says the Indian, as he defecates on the streets of Hong Kong....

Did they teach you what a toilet is after your first 'overseas Indian experience'? Wow! You guys are fast learners!

 

[Dandpatta]

A toilet? What is that says the Indian, as he defecates on the streets of Hong Kong....

Did they teach you what a toilet is after your first 'overseas Indian experience'? Wow! You guys are fast learners!

I have seen videos and pictures of mainlanders defecating on the streets of HK with much protest by the local HK Chinese on the ways of the mainlanders. So far, Indians do their business in the toilets built in their homes and in the public toilets as many HKers do Your eyes need to be widened

 

[East Asia United]

I have seen videos and pictures of mainlanders defecating on the streets of HK with much protest by the local HK Chinese on the ways of the mainlanders. So far, Indians do their business in the toilets built in their homes and in the public toilets as many HKers do Your eyes need to be widened

Post some references... that's right.. no one from the region has the same culturally inferior, unhygienic, sicking mentality that you do.

It would be good for you to know that the people who built Hong Kong, and still maintain it to this very day, the city you are a *guest* in, are the same people your thinly-veiled insult was directed at.

Stupid Indian.

 

[Dandpatta]

Spot the Mainlander | Dictionary of Politically Incorrect Hong Kong Cantonese

********.com - Chinese Mainlander shitting on the street in Causeway Bay, Hong Kong

http://chinalert.com/2010/10/03/mainlander-shits-in-hong-kong-shopping-mall/

So much for your asking about Hong Kong's attitudes to their big comrades.

Post some references... that's right.. no one from the region has the same culturally inferior, unhygienic, sicking mentality that you do.

It would be good for you to know that the people who built Hong Kong, and still maintain it to this very day, the city you are a *guest* in, are the same people your thinly-veiled insult was directed at.

Stupid Indian.

 

[East Asia United]

Spot the Mainlander | Dictionary of Politically Incorrect Hong Kong Cantonese

********.com - Chinese Mainlander shitting on the street in Causeway Bay, Hong Kong

http://chinalert.com/2010/10/03/mainlander-shits-in-hong-kong-shopping-mall/

So much for your asking about Hong Kong's attitudes to their big comrades.

Oh wow, children... while Indian families get together and sh!t in the back yard.

 

[Dandpatta]

Oh wow, children... while Indian families get together and sh!t in the back yard.

Want to see more? But then this is not the forum As I always say, look at the world from a wider and larger perspective.

 

[Abu Zolfiqar]

- Elections are coming and Congress won't go to IMF as it will give opposition a chance. Similarly Congress won't take any hard measures to control the economy which means this burden will be transferred to the next Govt. Meanwhile economy will sink more.

sounds familiar....

 

[Dandpatta]

sounds familiar....

It is a matter of convenience for Congress. Hand over a burning platter to the next incumbent and then sit on the fence and be in the opposition. Just how Bush administration screwed the US economy and then Obama became the janitor of sorts to get things on back.

Same logic with Kangaali Congress

 

[East Asia United]

Want to see more? But then this is not the forum As I always say, look at the world from a wider and larger perspective.

Stupid... these are very rare cases.

For example,

Woman Poops On Side Of New Mexico House (VIDEO)