Only today India lent $10 billion to IMF. Our biggest liability is the Politicians and Bureacrats who are in nexus with foreign Banks but NOT poor monsoon or inflation.
Hi, The people who get microfinance in India have only their REPUTAION IN NEIGHBOURHOOD and Bare hands(labour) as security. So they guard it with all their might. It is this which banks are exploiting and making profit.If they fail due to poor monsoon or political pressure to default, then the problem comes.
Indian Economy: The Road Ahead Looks Tougher than Expected [View article]
Hi Mundra, There is defenitely less hiring of IT professionals but then then their pay bracket was way heigher than normal before.Pilots were given pay packets due to demand and supply gap.But as the current NANO booking shows, there is demand for good products with normal cost.I as a middleclass retired man is happy that the flat panel TV is costing only 30,000, cameras, camcorders etc all costing almost 50%.House prices which was artifically jacked up is coming down due to lack of speculative money. I realy enjoy this global depression. I hope it lasts and recovery is slow for middleclass and rural labour atleast.
Dear soham, Crowd behaviour is emotion driven and not by logic. I think this is precisely the point the article is making that the emotions didnot take control of crowd behaviour but logic did.
New Economic World Order: U.S. No Longer On Top [View article]
The decline started with American Presidents lying to the people like Nixon/watergate,Lyndon Jhonson/gulf of tonkin,clinton/Lywinsk... and WMD.As americans loose moral leadership, their CEOs think they can also do anything like Enron etc. Read ten commandments and see how people are demanding Gay marriage,catholics hiding child sexual abuse etc and see your nation has been sliding long back from ETHICS. today i believe Ahmedijinad more than Bush and i am from India.
If India/Pakistan/Iran pipeline goes through in spite of pressure from USA, then India has hope to moderate inflation.Iran is ready to price it with DELIVERY AT Pakistan /india border.The monsoon gods have been favourable though late and it is going to show up in cauvery delta region.also malaysia has lowered Palm oil prices due to accumulating stock and this will help India
India: Heading for the Junkpile? [View article]
India: The Next Subprime Crisis? [View article]
The people who get microfinance in India have only their REPUTAION IN NEIGHBOURHOOD and Bare hands(labour) as security. So they guard it with all their might. It is this which banks are exploiting and making profit.If they fail due to poor monsoon or political pressure to default, then the problem comes.
Indian Economy: The Road Ahead Looks Tougher than Expected [View article]
There is defenitely less hiring of IT professionals but then then their pay bracket was way heigher than normal before.Pilots were given pay packets due to demand and supply gap.But as the current NANO booking shows, there is demand for good products with normal cost.I as a middleclass retired man is happy that the flat panel TV is costing only 30,000, cameras, camcorders etc all costing almost 50%.House prices which was artifically jacked up is coming down due to lack of speculative money. I realy enjoy this global depression. I hope it lasts and recovery is slow for middleclass and rural labour atleast.
Capital Markets Defy Terrorists [View article]
Crowd behaviour is emotion driven and not by logic. I think this is precisely the point the article is making that the emotions didnot take control of crowd behaviour but logic did.
New Economic World Order: U.S. No Longer On Top [View article]
Read ten commandments and see how people are demanding Gay marriage,catholics hiding child sexual abuse etc and see your nation has been sliding long back from ETHICS. today i believe Ahmedijinad more than Bush and i am from India.
India Battered by Global Storm [View article]
have you taken into consideration the iNDIAN politicians who play significant suicidal game in India as shown in the case of NANO?
The Indian Economy and Gold Imports [View article]
India Inflation Woes May Continue [View article]