The Forex reserves have touched $160 bn !! where , how , why is this going to be used ??? if anybody can give an idea about this to the people of the country they will be grateful to the people running the nation. How much national debt do we have anyways ?? what is our current fiscal deficit ??
Whether India becomes richest in the world or bankrupt it does not matter for poors. What we wish that the wealth with Indians should be equally divided. God gave us money to help our human brothers so let us do that.
Then what about all these feel good, shining, uday, etc. factors ?
R U trying to tell us that all those are just dreams, and that the reality is something different, dragging us all mercilessly towards that dreaded situation they call......."bankruptcy" ?
Either you are telling us some sort of an unpalatable truth or you are kidding, or may be you are too much of a pessimist.
However, if turns out to be an unpalatable truth, it would be very trajic for the nation.
We have all already lost most of our culture and Indianness.
Now we stand to lose all that money too ?
Forex kitty swelling, they tell me every day in the morning.
Rupee going strong they whisper in my ear even before I am not yet fully up in my bed.
We need a measure for quality of investment to resolve this issue. May be some statistical average of the rate of return realised on governments net capital expenditure and its total expenditure could be built up along SCBA lines.
This measure could provide criteria for identifying whether at a given interest rate and inflation rate the Indian government is moving towards or away from bankruptcy.