Alok Swain

What Does India's Future Hold for the World Economy?

Hi Balaji,

Nice article.

Agree with your basic premise.

Basically developed country folks will earn less and pay more for essentials like food, travel, heating etc. And the relative wealth disparity because of nominal currency exchange rates will also have a big impact.

One of the things in the current recession we have seen is the Dollar and Yen go up and Yuan and Rupee depreciate but the opposite is what is going to happen in the future.

Thanks
Alok