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Joseph Stiglitz, a Nobel Laureate Columbia University economist, has argued that India is more vulnerable to an asset bubble than China, saying that “strong economies that don’t yet have capital control become the focal point” for the liquidity injected by the US Federal Reserve. Stiglitz thinks that India, more than China or Brazil, should watch out for the tidal wave of money made available from the Fed’s quantitative easing. Mike Shedlock, an American investment advisor, believes that "India and China are going to overheat and crash, or their economic growth is going to slow dramatically, quite possibly both".
Haq's Musings: Indian Economy: Hard or Soft Landing in 2011?
except China..what have the other 3 countries innovated?!!..
No US,Germany,France,Japan in top 10!?WTF!! and Bangladesh 10.
I would seriously like to know what Cote'd'ivore/nigeria/pakistan have innovated! Come on shed some light and improve the world's lifestyle with your innovations!
BTW,Global Innovation Index says China-29th,Inda-44th,Pakistan-84th..GII is much more reliable.
btw,to satisfy your overwhelming jealousy regarding India:
At $4.66 billion, FDI in May second highest in 11 years - The Economic Times
2nd Highest FDI in 11 years! Guess how the future looks?!
An assessment by someone more respected/well known than Mr.Haq..
India to grow at 13.5% annually in 10 years: Merill Lynch - CNBC-TV18 -
Stop being that amusing!!
Here's an opinion by Taran Marwah of Afund India for July 2011:
All the “reform processes” are on hold in India for the past six months due to scams in various sectors in the Indian economy. Reforms in FDI in Retail, Insurance and Defense etc are in the “cold storage” since January 2011. FDI into India for the period - January to June 2011 is one-ninth than that of China in the same six month period. Plus Indian fiscal deficit is ballooning due to high crude oil prices and Indian Government’s inability to dismantle APM for petroleum products as mentioned above. Such low level of FDI is not a good sign for the Indian Economy. JFI - Indian trade account deficit for last financial year was US $ 105.00 billion. We predict that RBI will further raise interest rates, when its Board meets for monetary policy discussion in the last week of July 2011. We expect a 50 bpts hike in Repo rates by RBI in the last week of July 2011. Analysts feel that the hike will only be to the tune of 25 bpts. Let us wait and see. RBI is willing to sacrifice GDP growth in India at the cost of reining in inflation.
The BSE SENSEX will be bullish if it closes convincingly above 18190. There have been net FII flows into the Indian Equities and Asian Equity Markets in June 2011. If the trend continues in July 2011, then the levels for BSE SENSEX to watch for July 2011 are as follows :
R1 18800 R2 19340 R3 19500
S1 18500 S2 18190 S3 15960 (subject to closing below 18190 for fifteen consecutive days)
We predict that Indian equities will be range bound for the month of July 2011, with a bearish undertone. The levels are as per above figures. But we are bearish for the Indian equity markets for August and September 2011. We will see BSE SENSEX levels lower than 15960 in Q3 2011. By the way Credit Suisse said in its report of June 2011 to its investors that it predicts BSE SENSEX to be around 16000 in Q3 2011 ? We said this or near about (15960) in Q1 2011 ? AOTC – my problem !
Highlights: Warren Buffett's India visit
Highlights: Warren Buffett's India visit - Moneycontrol.com -
Look people like Buffett who is value investor, want to invest in India. and clueless blog writer talking about bubble.
BTW Buffett will not look at KSE from his charted plane, forget about investment!
Buffett, Gates encourage Indian billionaires towards charity drive - Economic Times
Pakistanis don't have this rich banya problem to the same extent, as obvious from much higher levels of giving in Pakistan for philanthropic causes.
South Asia Investor Review: Pakistan Leads South Asia in Charitable Giving
Oh God ..............Oh God.....! Can't you guys digest any good news for Pakistan???? Lay off guys.
What is so useful in such an intense obsession?
Or better yet, read Prof Anatol Lieven's recent book on Pakistan.
Here are some interesting excerpts from Anatol Lieven's "Pakistan-A Hard Country" on the role of religion and a description of Edhi Foundation as the essence of Pakistan's real civil society:
"Charities with a religious character tend to more favored and more trusted. It is also true of Pakistan's most famous charitable institution by far, Edhi Foundation, which is nonreligious; however, Abdus Sattar Edhi is himself a deeply religious man, known by the public at large as Maulana (a Muslim distinguished by his piety and learning)even though he is not a Muslim scholar and in fact greatly dislikes being called this.
There is no sight in Pakistan more moving than to visit some dusty, impoverished small town in arid wasteland, apparently abandoned by God and all sensible men and certainly abandoned by the Pakistani state and its own elected representatives- to see the flag of the Edhi Foundation flying over a concrete shack with a telephone, and the only ambulance in town standing in front. Here, if anywhere in Pakistan, lies the truth of human religion and human morality".
Another excerpt from Lieven's book:
"Levels of trust in Pakistani state institutions are extremely low, and for good reason. Partly in consequence, Pakistan has one of the lowest levels of tax collection outside Africa. On the other hand, charitable donations, at almost 5% of GDP, is one of the highest rates in the world".
Lieven quotes the following commandment (2:172) from the Quran:
"Righteousness is not that ye turn your faces towards the east or the west, but righteousness is, one who believes in God, and the last day, and the angels, and the Book, and the prophets, and who gives wealth for His love to kindred, and orphans, and the poor, and the son of the road, beggars, and those in captivity; and who is steadfast in prayers, and gives alms."
I have worked in most multinational here, I know the fact. I am not a internet warrior whose sole truth oh info are some blows and has zero hands on experience.
Unlike you I can pin point IT and BPO companies in India.
To help you when BPO started big time in 2005
IT already completed 25 years.
The term coolie is offensive and you Pakistani brother are dying for the coolie job.
You are so jealous of India that it shows.
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