I concur. After 10 years of double digit growth, how would India "sustain" that rate...
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IMF has specifically mentioned slowdown in global economy as reason for reduction in rate.
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I don't understand this "India must pay attitude". Pakistani company was not involved. Chinese companies wasn't. Indian reputation is at stake, what's left it. You really don't have any say over this. Aggrieved parties are free to take legal actions. At the end. all this concerns India and...
Another "World Affairs" issue, I guess! Indian sounding name? Convicted in US? US citizen? Hey, all the requisites for World news;)
That said, they need to prosecute all the bankers, not just the obvious ones.