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If you have unwillingness or inability to read and understand the context, please spare us a useless knee-jerk reaction post.
Only 10% of Japanese debt is owned by foreigners. That is the reason that Japan has a solid credit rating despite the nominal debt level.
However, most of India's debt is held by foreigners. I'll post the chart below.
Comparing India to Japan is like comparing dissimilar apples and oranges. The analogy is not appropriate.
I do. Do you know what a predicate is ?you don't know the relation between trade balance and national debt,do you?
Due to the fact that India's record trade deficit
Debt at % of GDP
My Forecast
2006 = 38%
2008 = 48%
2010 = 78%
2012= 108%
2015= 148%
No, the question is how much debt to gdp ratio is too much. We are talking about economic collapse levels. So, please do not throw hyperbole and cutesy bumper sticker liners.india is shining, this can't be right?
Only 10% of Japanese debt is owned by foreigners. That is the reason that Japan has a solid credit rating despite the high nominal debt level.
However, most of India's debt is held by foreigners. I'll post the chart below.
Comparing India to Japan is like comparing dissimilar apples and oranges. The analogy is not appropriate.
India has $137.2 billion of external debt due by June 2012. Good luck in paying that guys. If you can't roll over the debt, your currency will implode.
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Is rupee depreciation the new normal?
"Is rupee depreciation the new normal?
Hindu Business Line - Ritesh Jain - 1 day ago
Unless we control inflation and reduce the supply-side constraints, the rupee is expected to depreciate further against the dollar.
Didn't india just begged the help of IMF (western master)
few days ago?
So PIIGS are expectable and Indonesia will be part of the BRICS
So PIIGS are expectable and Indonesia will be part of the BRICS