India to call on millions of non-residents to defend rupee - sources

[StormShadow]

You do realize that your country use Indian bases for its Air force ?

Don't talk about begging.

You do realize that you are not talking to a Singaporean?

 

[shuttler]

I really think India is experiencing a financial crisis right now. This is why the Rupee has been dropping as investors have lost confidence in India and the Rupee collapsing is the perfect sign of it. I think India is in recession right now. I don't believe their economic numbers for one second. There is no way in hell a growing economy experiences a collapsing currency. When a currency is collapsing, that economy is totally screwed as people have lost confidence in it. I believe the Indian economy has been shrinking for past 12-18 months.

India needs major structural reforms but its political system won't allow it as parties want to win elections rather than grow the countries.

India don't have many reserves too which makes their problems even worse. That country is in such big trouble they are sleep walking to the edge of a cliff.

in addition india has HUGE and PROLONGED turmoils which are getting out of hand:

http://www.defence.pk/forums/centra...oras-box-statehood-demands-2.html#post4582764

http://www.defence.pk/forums/central-south-asia/51262-insurgent-secessionist-movements-india-88.html

and mountains of social woes!

China faces a horrible year of natural disasters: flood, earth quakes and drought but mother nature is not kind to india also for their food productions. Here is a read:

Rains, incomes & food: Good monsoon this year is bad news for India

link

Himangshu Watts, ET Bureau Jul 12, 2013

The monsoon made a dream start this year. Bountiful rainfall in June has prepared the ground for bumper harvest and lower food inflation. But don't celebrate. Look beyond the immediate future and good monsoon this year may not really be good news. It has merely delayed an agricultural crisis, which our complacent policymakers perhaps need to jolt them into action.

With food demand rising in step with the growing population and incomes, India increasingly needs near-perfect monsoons to feed its people. With the food security Ordinance staring, perhaps glaring, at India's agricultural economics, the risks are even higher. The impending crisis has been brewing for a few years. Consider how food prices reacted to aberrations in rainfall in recent years.

A decade ago, India's demand-supply situation could easily withstand a drought. In 2002, when the monsoon was 19% in deficit, inflation remained at a manageable single-digit level and quickly returned to normal. It was quite a different story in 2009, when the monsoon was a comparable 22% below normal. This time, the deficit ignited food prices, which rose 20% by December, and remained stubbornly high for a long time. Studies have shown that the global commodities boom and India's fiscal indiscipline contributed to high food prices, but the sluggishness in agricultural productivity and the slow growth in output certainly magnified the mess.

The trend was no less disturbing last year, when the monsoon was statistically normal, although unevenly spread. This hit food output, hoisted food prices and shattered hopes of an early easing of the tight monetary policy. The risks are, therefore, much higher if the monsoon fails in future. But policymakers are displaying no sense of urgency to tackle the situation. The next drought is not far away. Government data shows that rainfall is erratic in four out of every 10 years and, every year, 50 million people are exposed to drought as 16% of the country is drought-prone. Further, the rainfall pattern in recent years is disturbing. Monsoons have regularly delivered heavy showers in September, which historically has moderate rainfall. Arid areas in Rajasthan have often been drenched by torrential rain, while the usually wet and flooded northeastern region has been relatively drier. With shifting rainfall patterns, India's food vulnerability is rising. The only instrument in government's control is measures to boost productivity. India's farm productivity is abysmally low. Yields of Indian paddy are half of the level in China, and about one-third the level in Egypt. Similarly, wheat output is dramatically lower than European countries and much lower than China. In maize, it is among the lowest in the world and almost half the level of Pakistan.

It is not that the government has done nothing about it. Production has increased in recent years but the gains have been wiped out by population growth and higher demand as rural wages and overall standards of living improved. This is evident from data on per-capita net availability of grain per day, which is the total production minus wastage, seed, feed and exports and adjustment for changes in stock or imports.

During the Green Revolution, the per-capita daily availability increased. In the case of rice, it rose from 159 g per day in 1951 to 193 g in 1971, but was only 189 g in 2011. In the same period, total food grain availability first rose from 395 g to 408 g in 20 years, and expanded to 463 g in the next 40 years, or an annual rise of 1.35 g per day. In case of pulses, an important source of protein for Indians, it has dropped from 60.7 g in 1951 to 39.4 g in 2011.

In the last few years, government's focus on welfare schemes has helped rural wages rise sharply. This increases costs, therefore prices, of farm products and also translates to higher food demand in a country where 18% of the population is undernourished. This is a recipe for more stubborn food inflation, which is bad news for industry, as it would adversely hit monetary policy and interest rates. For rural people, it is even worse because the share of food in consumer expenditure is about 54% against 41% in cities.

And the next bad monsoon can throw everything out of kilter. We have been warned.

 

[Rocky25]

China should raise the ante by selling arms to Pakistan, Bangladesh and Sri Lanka. India will have no choice but to keep spending on defence by buying expensive weaponry from US, Russia and EU.

With falling rupee and worsening fiscal deficit, it just only a matter of time India follows the fate of USSR.

India's defence budget is less than 3% of the GDP...Even if doubles to 6% it is NOT a cause of concern where USSR spent more than 20% on defence with the growth remaining the same.

The question is can Pakistan or Bangaladesh or Srilanka can buy arms for 70 Billion USD? Can they buy 1/10th 7 Billion USD?

Whether China can sell that much on credit when their own defence budget is around 100 USD? They are not fools.... Pakistan with Nukes is an opponent! But Bangladesh and Sri Lanka.... Hope CPC is NOT a fool like you!

in addition india has HUGE and PROLONGED turmoils which are getting out of hand:

http://www.defence.pk/forums/centra...oras-box-statehood-demands-2.html#post4582764

http://www.defence.pk/forums/central-south-asia/51262-insurgent-secessionist-movements-india-88.html

and mountains of social woes!

Ha ha ha... The Telegana was Congress design to win LS seats.... Creating a state does NOT mean that they will be moving away from Indian Union!

Oh Pakistani made list of 150+ Insurgencies.... Only Pakistani's care about!

 

[shuttler]

Ha ha ha... The Telegana was Congress design to win LS seats.... Creating a state does NOT mean that they will be moving away from Indian Union!

Oh Pakistani made list of 150+ Insurgencies.... Only Pakistani's care about!

dont gloss over the the turmoil that is forthcoming after indian govt's decision.

this is just an appetizer:

HYDERABAD: Protests erupted Wednesday in southeast India a day after the national ruling coalition approved the creation of a new state, leading to hundreds of arrests, police and reports said.

Protests, strike over India's new state - DAWN.COM

Anti Telanga protestors gather for a protest after India's ruling coalition Tuesday endorsed the creation of a new state 'Telangana' in Ananthapur,Andhra Pradesh state, India, Wednesday, July 31, 2013. Telangana would become India's 29th state. — Photo by AP

A statue of India's former prime minister Rajiv Gandhi lies on a road after being vandalized by anti Telangana protestors in Ananthapur in Andhra Pradesh state, India, Wednesday, July 31, 2013. — Photo by AP

 

[Chanakya's_Chant]

dont gloss over the the turmoil that is forthcoming after indian govt's decision.

this is just an appetizer:

HYDERABAD: Protests erupted Wednesday in southeast India a day after the national ruling coalition approved the creation of a new state, leading to hundreds of arrests, police and reports said.

Protests, strike over India's new state - DAWN.COM

Anti Telanga protestors gather for a protest after India's ruling coalition Tuesday endorsed the creation of a new state 'Telangana' in Ananthapur,Andhra Pradesh state, India, Wednesday, July 31, 2013. Telangana would become India's 29th state. — Photo by AP

A statue of India's former prime minister Rajiv Gandhi lies on a road after being vandalized by anti Telangana protestors in Ananthapur in Andhra Pradesh state, India, Wednesday, July 31, 2013. — Photo by AP

Well if the decision would not have been taken then maybe a tripe of these protesters would have protested against the same.....The differences concerning the creation of Telanga are being sorted out with peace talks in process and would definitely be solved in the near future...

 

[Rocky25]

dont gloss over the the turmoil that is forthcoming after indian govt's decision.

this is just an appetizer:

HYDERABAD: Protests erupted Wednesday in southeast India a day after the national ruling coalition approved the creation of a new state, leading to hundreds of arrests, police and reports said.

Protests, strike over India's new state - DAWN.COM

Anti Telanga protestors gather for a protest after India's ruling coalition Tuesday endorsed the creation of a new state 'Telangana' in Ananthapur,Andhra Pradesh state, India, Wednesday, July 31, 2013. Telangana would become India's 29th state. — Photo by AP

A statue of India's former prime minister Rajiv Gandhi lies on a road after being vandalized by anti Telangana protestors in Ananthapur in Andhra Pradesh state, India, Wednesday, July 31, 2013. — Photo by AP

Ha ha ha... You are seeing these types of protests and telling that India will be disintegrated because of these protests.... This clearly shows that you do NOT know anything about India... Indians face opposition in each and everything in all days.... Nuclear deal with US, Kudamkulam Nuke Plant, Steel Plant in Orrisa, Tata in West Bengal.... These are like day to day activities for India..... Still we did what is good the nation or atleast what is good at that time.

I know I know in China if such a protests happens then CPC will crush them by running tanks over them! But I am sorry, this is India! These protests cannot shake India's Integrity for sure!

Back to your dreams!!

 

[shuttler]

Ha ha ha... You are seeing these types of protests and telling that India will be disintegrated because of these protests.... This clearly shows that you do NOT know anything about India... Indians face opposition in each and everything in all days.... Nuclear deal with US, Kudamkulam Nuke Plant, Steel Plant in Orrisa, Tata in West Bengal.... These are like day to day activities for India..... Still we did what is good the nation or atleast what is good at that time.

I know I know in China if such a protests happens then CPC will crush them by running tanks over them! But I am sorry, this is India! These protests cannot shake India's Integrity for sure!

Back to your dreams!!

it is YOU cheerleaders who are still living in the past.

Tiananmen Sq incidence is decades old. Our people have their voices heard through different venues which include protesting on the streets. You are still miring into deep chaos of bomb-blasts massacres, rapes, mass graves and carnage with your military crack-downs in Kashmir and in the chicken neck regions who are uprising hard against indian rules.

The above Telangana is just tip of the iceberg for tumultuous india. "arab spring" has begun in india long time ago. the difference is the yankies are on hold because of the presence of China and thus you havent gotten their intervention!

 

[cirr]

So defending the rupee has turned into a mass movement？

I thoguht India was a democracy where everyone was free and must act out of his or her will？

The GOI has no role in requesting its people to do anything。

 

[Donatello]

If India really wants to manage the decline of Rupee, then maybe they shouldn't be spending billions of dollars on weapons purchases.

 

[chanikya]

it is YOU cheerleaders who are still living in the past.

Tiananmen Sq incidence is decades old. Our people have their voices heard through different venues which include protesting on the streets. You are still miring into deep chaos of bomb-blasts massacres, rapes, mass graves and carnage with your military crack-downs in Kashmir and in the chicken neck regions who are uprising hard against indian rules.

The above Telangana is just tip of the iceberg for tumultuous india. "arab spring" has begun in india long time ago. the difference is the yankies are on hold because of the presence of China and thus you havent gotten their intervention!

Please, do not talk unless you know much, my friend, I am a resident of AP, and these are small things which are part of political system, these things happens every now and then, if you see clearly the people are protesting and others are passing by and doing their work, no one stops no one, if you want to join the protest no one stops you, after protesting you can join your job.

If India really wants to manage the decline of Rupee, then maybe they shouldn't be spending billions of dollars on weapons purchases.

It doesn't differ much, for strong country, strong economy is must as is the strong defence.

 

[gslv mk3]

If India really wants to manage the decline of Rupee, then maybe they shouldn't be spending billions of dollars on weapons purchases.

A more capable manufacturing Industry is what we need,to reduce the deficit and thats what we are doing now,building Infrastructure and Industrial corridors,You will start to see results in not more than 3 years from now

India to spend USD 1 trillion on infrastructure in next 5 yrs

The above Telangana is just tip of the iceberg for tumultuous india. "arab spring" has begun in india long time ago. the difference is the yankies are on hold because of the presence of China and thus you havent gotten their intervention!

Comparing Telegana and Arab Spring,Do you know anything about democracy,federalism??No I am not gonna educate you on that,You doesnt even have the basic idea of it.

 

[chhota bheem]

So defending the rupee has turned into a mass movement？

I thoguht India was a democracy where everyone was free and must act out of his or her will？

The GOI has no role in REQUESTING its people to do anything。

You 3rd sentence answers the 2nd.

 

[Chinese-Dragon]

If India really wants to manage the decline of Rupee, then maybe they shouldn't be spending billions of dollars on weapons purchases.

Or just focus on the indigenous arms industry instead of importing it all.

 

[Rocky25]

it is YOU cheerleaders who are still living in the past.

Tiananmen Sq incidence is decades old. Our people have their voices heard through different venues which include protesting on the streets. You are still miring into deep chaos of bomb-blasts massacres, rapes, mass graves and carnage with your military crack-downs in Kashmir and in the chicken neck regions who are uprising hard against indian rules.

The above Telangana is just tip of the iceberg for tumultuous india. "arab spring" has begun in india long time ago. the difference is the yankies are on hold because of the presence of China and thus you havent gotten their intervention!

Over time, People evolve... Yes Tiananmen Sq was decades ago! China had evolved and now we don't get that types of news these days... but we see news how the Tibeteans were crushed!

I am sorry to say that we will NOT fulfill your wish!

 

[Rocky25]

Or just focus on the indigenous arms industry instead of importing it all.

I agree, but this is NOT possible in overnight! DRDO and HAL disappointed... So Privatization is the way forward!