We are not going back to 1991 situation, Pranab Mukherjee says

that means we're going back there


http://timesofindia.indiatimes.com/business/india-business/We-are-not-going-back-to-1991-situation-Pranab-Mukherjee-says/articleshow/13820509.cms

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The cowards never started,
The weak died on the way,
Only the strong arrived.
http://www.youtube.com/watch?v=_yK1i9cLAMM

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Originally posted by BlueLobster
Agreed. What I'll add though is it is a two-dimensional problem. Politicians basically represent the psyche of the population since they are a product of the same. We basically get what we deserve. The change required in India will never be initiated by politicians (or so called leaders), it will have to come from the public as a grassroots effort. Pretty lofty to ask politicians (that are the same breed worldwide) to put country first when most people voting them to power don't.

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You're much more optimistic than the Prime Minister and Finance Minister of India..

I see that emotion is involved here more than rationale..

If the rupee value and stock markets tanks another 15-20%, you would see the exodus of foreign investment which would further derail the exchange rate that would push all the import cost (India does import a lot, all the local trandespersons are importing their tool from china than buying a local) high...

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Originally posted by ashedfc

Its not at all over in India "its just that the ruling class is having more stronghold of the country" much like this

https://fbcdn-sphotos-a.akamaihd.net/hphotos-ak-ash4/251952_10151895068635942_1751857770_n.jpg" border="0" alt="https://fbcdn-sphotos-a.akamaihd.net/hphotos-ak-ash4/251952_10151895068635942_1751857770_n.jpg" />

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The cowards never started,
The weak died on the way,
Only the strong arrived.
http://www.youtube.com/watch?v=_yK1i9cLAMM

http://www.theglobeandmail.com/report-on-business/economy/economy-lab/milner-economy/latest-data-raise-red-flags-likely-to-burst-chinas-bubble-economist/article2438632/

US and China are like two drunks leaning on each other to prevent the other from falling. US may be on a long deflationary trend like Japan.

If the USD collapses(or takes major hits), there will be a global domino effect. Nobody will be spared. It is only a question of who will fall the hardest on their backside.

Eventually life will go on like it does in Iceland, post financial collapse. Certain industries might take a very drastic hit.

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Originally posted by meghal

http://www.theglobeandmail.com/report-on-business/economy/economy-lab/milner-economy/latest-data-raise-red-flags-likely-to-burst-chinas-bubble-economist/article2438632/</font>

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