Just using a by-pass to try if comments can be enabled on this thread.
If my trick worked, you will be able to see this comment.
Ping! It’s working now...
This just might give the next government the impetus to cut down on public government spending, sell off the remaining public sector companies and start designing a lean government.
The Indian government doesn’t have the luxury that Obama does in its ability to print rupees - no one buys Indian bonds in the scale that they buy US/European ones.
The left should not be permitted to become king makers after the coming election.
The UPA govt is as misguidedly liberal as Obama is. And their spending has dwarfed all previous estimates.
I’m not at all surprised the rupee is falling given the rate at which they’re printing rupees.
Longterm, perhaps even medium term, India’ll likely recover and do quite well coz it has a lot going for it. These temp ups and downs happen and these are particularly difficult times for the world economy as a whole.