What kind of an idiot would say 'Global financial crisis not to hurt India'??? Where does he get his facts from?? Who made this cartoon Kamal Nath the Commerce and Industry Minister ??
India just cannot remain aloof to any slow-down in US or Europe.
Asian sub-continent and its market can behave on their own but temporarily.
Ultimately they will be swept in when the global slow-down sets in.
And set it will.
Ben and his predecessor have simply been able so far to postpone it for from time to time by resorting to shoddy patchworks all of which will gradually crumble cave in.
The bear has visited the global bourses.
And its frequencies will increase with the increase of economic pressures on the $.
Unless Neanderthaal takes a quick decision to withdraw from Iraq, the global economy is doomed for a deep recession.
And Geroge Bush Jr. will go down in the history as the father of yet Another Great Recession after the one of 1940.
Of course, we are not afraid of it.
However, we should be prepared for it rather than dreaming nonsense being dished out by Nath and the likes.
The likes also include our FM as well as PM as well as the SEBI head, the axis that talks the investors into nonsense situations losing billions.