punjabimunda32
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- Apr 3, 2012
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Since you were too concerned about Pak's economy of the past, here it was in big picture:
Yes India does have the edge in 2012. But let us see if it can break Pakistan's record of beating India for more than 40 years straight!
lol india doesnt care for 40 yrs. from 1995 to 200os india with 6 times the population closed the gap and is now going ahead. the gap is now rising. pakistan is being left more behind.
india goes into debt to consume depreciating consumer goods, not invest like build infrastructure and build factories to pay off the debt.
if india consumed based on its savings, then thats healthy, but india goes into debt to consume, india runs a very high budget, and trade deficit and its debt to overstated gdp is close to 70%. the indian banking system is full of bad loans, not only that but most of the debts are off the books.
indian growth is all fluff, going into debt is not growth, debt has to be repaid, the indian currency is collapsing and its inflation is staggering as its not a producer, its a consumer. too much money chasing fewer goods leads to massive inflation and losing faith in holding the rupee
so u mean india should build more infra and factories to pay debt??? that will cause more debt. anyways this is a pakistani thread can u plazz stick to topic man lets talk abt them not us