India faces mass default and restructuring as devaluation looms

[utraash]

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Why indians blame politicians,economy and other factors. How many indians are working 12 hrs a day thinking india as his country? How can a country grow when indians are busy watching IPL and other unproductive corrupt cricket matches? Did they ever know that japanese worked 12 hrs a day for the progress, chinese worked 12 hrs or more a day. Tell me one instance where an indian has worked for his country. I have seen in Gujarat even shopkeepers keep their shops closed for 5-6 hrs during day . Country is not build by wasting time but by working. Indians copy westerners blindly but they forger western guys work for 5 days 100% before they get 2 days off. it is general habit of indians to put blame on each others for sufferings.

You are also wasting ur time on unproductive work by writing such a golden line..... Every country has got its own way to achieve target n certainly India does not go by ur lines more certainly ur lines does not make IPL watchers & daily vendors unproductive. U hardcore worker cant understand soft indians..... as far as the issue is concerned, its a worrisome to a extent for our economy.....

[veer bhogya vasundhara]

Geez for the population difference of 180 million vs 1.2 Billion. The ratio comes out to be 1:265. For one Indian leaving India, we have 265 Pakistanis leaving their country. Yes, it is surely possible when you have no railways and 22 hours loadshedding.

seriously dude............. 22 hours loadshedding..... too much

Geez for the population difference of 180 million vs 1.2 Billion. The ratio comes out to be 1:265. For one Indian leaving India, we have 265 Pakistanis leaving their country. Yes, it is surely possible when you have no railways and 22 hours loadshedding.

seriously dude............. 22 hours loadshedding..... too much

Geez for the population difference of 180 million vs 1.2 Billion. The ratio comes out to be 1:265. For one Indian leaving India, we have 265 Pakistanis leaving their country. Yes, it is surely possible when you have no railways and 22 hours loadshedding.

seriously dude............. 22 hours loadshedding..... too much

[utraash]

No doubt india PM will come to china with a begging bowl yes you are right we are their only hope.

Surely We will send our PM but if ur economy sustain till that time.....
May be ur CCP leader will be on Mars visit to save ur economy at that time.......

[fd24]

seriously dude............. 22 hours loadshedding..... too much

seriously dude............. 22 hours loadshedding..... too much

seriously dude............. 22 hours loadshedding..... too much

I think we heard you first time dude - calm down.
I thought the topic was India facing mass default? Where has load shedding come into this?
On topic i think over zealous poor european management of economies have created a "economic tsunami" thats even reached the likes of India. Going to be a rocky ride for all.

[Windjammer]

[utraash]

But if you assist them you must ask them to improve their human rights records and they must not harbour clowns and terrorists like lamai dama or whatever his name is

It means chinese hit hard on ur baals when they found Uighurs terrorist(whatever the name is) links to pakistan?

[laman12345]

Will India Collapse?

Falling exchange rate of rupee against dollar is due to hyper-inflation. Dr. Manmohan Singh was comparing Indian currency crisis against dollar to Brazil. It’s not true, our Prime Minister was trying to manipulate. Hyperinflation in India, I am afraid, will have to be compared to hyperinflation in Zimbabwe. When Zimbabwe won independence from British in 1980, the Zimbabwean dollar was more valuable than the US dollar. Slowly but steadily wrong economic and land reform policies implemented by Zimbabwean President Robert Mugabe led to total debacles. Production of food and manufacturing outputs fell drastically (60%), this led to unemployment (80%), Mugabe government was not ready to admit errors and to impliement remedial actions while continued to print currency notes which had no purchasing power since there was no production of goods and services. Zimbabwe Dollar denominations were ranging from 10 to 100 billon still with very little value. The magnitude of the currency scalars signifies the extent of the hyperinflation. In 2009 Zimbabwe currency was dead and was laid to RIP, so currencies of other countries are used. What is happening is no laughing matter. For Zimbabweans – bread, meat, margarines, even once ubiquitous morning cup of tea – have become unimaginable luxuries. Where India is heading to?

India economy is false, India dont produce much export item other than software which no one need in downtrand.

[Windjammer]

[karan.1970]

With the Indian Rupee going down the toilet these scenes will become more common

By that logic this would have happened with Pakistan 3 years back (when PKR touched 60 ) ??? Did it??

[dearone4u_22]

My god I have Never see Pakistanis So happy for a quiet a few mnths.....

This thread has become Pakistani trollfest ....Just sitback and enjoy guys, No need to reply them ......Everybody deserves some happiness ....
In the meantime watch Gold and commodities prices huge correction awaited .......

[CaptainJackSparrow]

My god I have Never see Pakistanis So happy for a quiet a few mnths.....

This thread has become Pakistani trollfest ....Just sitback and enjoy guys, No need to reply them ......Everybody deserves some happiness ....
In the meantime watch Gold and commodities prices huge correction awaited .......

There are few things a Pakistani gets to be happy about, these days.

[dearone4u_22]

India economy is false, India dont produce much export item other than software which no one need in downtrand.

yup in downtrend Companies just throw there pc and hire Manpower ...to replace computer with a man ..

Then why is there so much unemployment in downturn..


And u are comparing India to Zimbabwe ..................... Height of Optimism

[Rafi]

The people I am most concerned with are, the people on the bread line in india, and of course overseas students, who are really going to struggle.

:( This is tragic.

[lem34]

Btw how is the inflation in India? Currency devaluation is not a big deal as long as inflation is in control, which would mean that NRIs can send a bulk load of money back.

India April inflation worse than expected 7.2pct - BusinessWeek



India April inflation worse than expected 7.2pct

By ERIKA KINETZ


MUMBAI, India

India's inflation accelerated to a worse than expected 7.2 percent in April, on rising food and manufacturing prices, government data showed Monday.

March inflation was 6.9 percent. The government revised February inflation to 7.4 percent from an earlier estimate of 7.0 percent.

A CNBC-TV18 poll had forecast April inflation at 6.7 percent.

The data reinforces the conundrum facing India's central bank, which is under pressure to cut rates to boost growth despite persistent inflation.

A fall in industrial output reported Friday added to the gloom about India's economy, which is growing at its slowest pace in over two years.

Food prices rose 10.5 percent in April from a year ago, the data showed. Inflation for manufactured products quickened to 5.1 percent in April from 4.9 in March.

Many economists expect prices to rise even more as electricity tariff hikes get passed on to consumers. The government may raise subsidized petrol and diesel prices to ease India's fiscal deficit -- a move that would also stoke inflation.

"The Reserve Bank has to take care of inflation over growth," said Madhavi Arora, an economist at Karvy Stock Broking in Mumbai. "Hyper inflation is not good for any economy."

The Reserve Bank of India cut rates for the first time in three years in April, but warned that it saw little leeway for further rate cuts because of inflation fears.

The bank has been pleading with New Delhi to tighten fiscal policy to help bring prices down and enact long promised policy changes that would bolster investor confidence and help unblock supply constraints. Hopes are diminishing, however, that India's weak ruling coalition will take decisive action before national elections in 2014.

"Financial intervention can only do that much. Demand supply decides the pricing flow," said R. Muralikrishnan, head of institutional equities at Karvy. "The inflation problem is there because there has been no capex."

The people I am most concerned with are, the people on the bread line in india, and of course overseas students, who are really going to struggle.





:( This is tragic.

Incredibly tragic

[Zeeshan360]

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I pity those students studying outside ..
40 per dollar to 56 per dollar is 2 years