adventure62

India: Heading for the Junkpile?

You are somewhat overstating the problem in India. yes, there is drought but country has stockpile of several commodities. Fiscal deficient of 6.8% i snot a big issue in the near term. Since the govt. program will create jobs and infrastructure. Money is used for right purpose and it will generate exports and efficiency. US deficient is due to military spending and bailing out the banks. These are two different situations. Just like any company, they have to borrow to scale the operation. Pay off will happen in 2-3 years. Indian govt. has not put the money with guys who do back door dealings and make hefty bonuses.