Rupee makes a stellar comeback opens 1.69 paise up at 61.69 vs US dollar

[Not Sure]

It won't be the end of this year before the RBI's lifelines are exhausted. The RBI dollars have already been digested by the oil companies (though not illegal, nevertheless a very immoral practice by the government), and we have not seen any substantial increase in exports.

Unless the investment is diverted back to infrastructure, as it were during the BJP times, Indian economy will be on its knees in no time.

Also, the US is not to be blamed for this, rather it is the UPA government that has been skimming the cream off the economy to fund its coffers so as to keep its allies intact. The dam created by the the government that left no more than a trickling of cash flowing into the economy, while increasing the defence budget on quarterly basis, has further jeopardized any probable solution to this situation.

And it is not a situation effected by any new recent policies, rather today's stage (it is the fall of the economy, and not just of the rupee) was in the making for the last 10 years.

The oceanic contrast between the urban and sub-urban areas of India is enough to show the true picture of India's economic future. But who is looking?

 

[peaceful]

Indian economic fundamentals are strong.

Day dreaming contributes to a strong nation.
Masturbation makes hkdas healthy.

the deficits are common for all developing countries. in early 90s china faces this kind of situations.

90s?

During the 90s, we built thousands of highways every single year, we systematically upgraded our biggest cities, shut down inefficient huge companies.

What india did in the past 10 years?

every country faces the economic slow down china's growth rate is 7 from 9 in 2010.

the gap is still widening very fast and there is no sign of closing.

economic deficits will be sloved as India developed.

how? by day dreaming?

one think you Chinese forget is you past when china faces deficits, during that japan came to help. before criticizing India you must learn the way you are come up.

what a bloody huge load of crap.

india's development is affected by mainly agriculture, for last couple of years the agriculture sector shows some slow down due to poor monsoon, it has changed now. indian manufacturing sector shows increase in growth and export showing positive development.

because a lot of low profit high pollution related craps got shifted to india.

indian still lacks is infrastructure for its potential for development, but our gov. is taking good steps to develop infrastructure.

we built 100,000km expressways in 25 years.
we built 10000km high speed rail in 10 years.

how much you can do to match that? we are talking about TRILLIONS OF USD! It is also about a workforce that can dedicate to those projects, thousands of management teams that can execute the plan on time on budget. What you have?

DSCF1941 | Flickr - Photo Sharing!

 

[OrionHunter]

 

[Skull and Bones]

Dam first thing in my mind too

Hoping it will come to 50/55 till 5S reach India

I'll be buying it in US. I already own HTC One, so not in a hurry.

 

[black_jack]

Thank you USA for saving India.

Thank you for cheerleading india.

 

[acid rain]

Here come the 50 cent troll brigade. Whats with these idiots and Indian economy that they flock to every India thread when no one bothers to even go near the chinese section?.