People mistake Manmohan Singh's soft spoken attitude as weakness and call him a Sonia stooge.. Sure, Sonia has a great influence on not only him , but the entire India and the congress party.. Do not forget , that it was Manmohan who rescued India's economy out of the financial mess.. As a Phd in economics from Oxford, he is one of the most educated and learned politicians and has far superior knowledge of the world and Indian economy than Gadkari-Lalu-Modi-advani type politicians.. He is a rare gem in Indian Politics.. He is the one who can give direction and guidance to the Indian economy in the 21st century with his knowledge and wisdom.. But it seems , the aam admi is only interested in listening to provocative and loud mouthed politicians lik lalu, modi, mamta, advani, sushma, mayawathi, amar singh, ramdev, anna hazare, gadkari etc..
Re: relax and trust our BRILLIANT PM ....... NO NEED TO WORRY
by Abhishek Kumar on May 18, 2012 01:07 PM
You are right friend, he can give direction and guidance to the Indian economy. but he is not doing that. He is only following the direction and guidance of sonia & rahul gandhi.
Re: relax and trust our BRILLIANT PM ....... NO NEED TO WORRY
by Vandana Chiniwalla on May 18, 2012 12:33 PM
Let me tell you, its because of him the FII's are running away from India.. Vajpayee introduced tremendous reforms that shaped up our economy, but Mahan Manmohan who does not have any brains of his own, listens only to loud mouth and provovative politicians like Sonia, Rahul, Pranab and Chidambaram!
Re: Re: relax and trust our BRILLIANT PM ....... NO NEED TO WORRY
by Soumitra Nath on May 18, 2012 12:57 PM
Very unfortunate that we have to tolarate this Govt till 2014. Nobody can save Indian economy till 2014.
Re: PROUD TO BE INDIAN !!!
by kanniah krishnan on May 18, 2012 12:43 PM
PM great economist but tainted HM trained economist but tainted to the core FM trained economist but not understood economy yet
Re: @Someone explain why so ?
by Mayank Agarwal on May 18, 2012 01:13 PM
As you rightly said if you need to buy anything from foreign(rather in USD) it will hurt you more. Now whether you buy it as an individual or government it will hurt you. Incase of India it imports 80% of its oil and also probably 80% of its import, the payment of which will be costlier due to weak currency and also due to increasing oil prices. Effects it will cause is increased fuel prices further fuelling inflation so things becoming costlier and salary remains same. Also if government gives subsidy on petrol/diesel they dont have money left for development which means country remains backward.
This is only one impact in nutshell whatever needs to be imported becomes all expensive and if you print indian currency to buy $ it further weakens the currency. However this is good for exporters and IT companies as they get earn more in Rupees terms so their profitability increases however they would not pay out in terms of salaries and hence increased inflation no development and no increase in salary. You decide whether it hurts or not?
Re: @Someone explain why so ?
by amol kekre on May 18, 2012 12:23 PM
Not much. Given the difference in inflation in US (2%-3%) and India (6%-10%). Rupee has substantially appreciated since 1990. Just comparing nominal value is meaningless as currencies have two dimentions (value and time)
