If compare with developed world India has done much better in Economic front Indian economy was grown rapidly close to 8% GDP in 2009. Whole world economy had a roller coaster ride in negative growth ,Indias Exports to US are a relatively small % of the Indian economy because of this Indian Economy has sustained itself inspire of global recession. In India job losses were in 1000's compare to developed countries in millions.
A repeated lie the PM,the congress party and the media has easily sold to the people is India didnt get affected by the Global slowdown.Think of it.India didnt hav problem.West had problem.Millions of Indians lost the jobs.Is it not enough for getting affected?Or millions losing jobs not affected in your dictionary?Almost all took a wage cut.Freshers didnt hav jobs for more than year.We didnt get any attention from Govt except the lies.No compensation from Govt towards the people here.PM shamelessly saying he will help the NRIs first.
Re: A repeated lie
by raj on Jan 21, 2010 08:18 AM
If compare with developed world India has done much better in Economic front. Whole world economy had a roller coaster ride in negative growth ,Indias Exports to US are a relatively small % of the Indian economy because of this Indian Economy has sustained itself inspire of global recession. In India job losses were in 1000's compare to developed countries in millions.
Re: A repeated lie
by fightagaintevils on Jan 21, 2010 12:59 AM
THe asset inflation.PC didnt do anything to control the bubbles.Stock and realty soared all part of India like anything.If it crashes surely India wil go into depression.I dont see any reason why it wont crash.
I dont understand the jargon about double dip in US. But can this guy explain when our economy was sound in 2008 why did the market crash. There was doom all round. One should undertand in todays world no country is insulated. If the developed countries get adversely affected then definitely India will all also suffer. Dont forget 37% are living below BPL the criterion being just less Rs 1000. We may have survived 2008 crises but one can never be sure. These FIIS can start selling if thing become adverse
Re: same people are harping in 2008
by brian crasto on Feb 05, 2010 04:08 PM
The market has crashed today. So what happened to these FIIS who were so bullish on India
Re: same people are harping in 2008
by brian crasto on Feb 05, 2010 04:07 PM
The market has crashed today. So what happened to these FIIS who were so bullish on India
