Indian economy is still a bit stable because it is still cash oriented and not loan oriented. It is better to ban credit cards and credits because it is these credit system that eventually causes a crash in the economy. All these modern economic theories aim at cheating someone or the other and that has to result in crash someday.
Rating Agencies have started down-rating India. All overt the world India is being criticised for the rampant corruption, weak and timid PM. Everybody from top to bottom are charged with most heinous corruption and they are just busy in saving their skins. In the process, they are trying to please everyone, who can come to their rescue. There is no proper attention to the developmental work, neither have they got the required resources and are o nly looking for FDI to get some help. The whole situation is worsening day by day. Therefore, the economy will see the worse in coming days when everything will be haywire
world economy will get worst. There will be a long recession like the 1930s. India can survive if we are cautious and plan well and dont put all hopes on foreign investments. But who cares. We are ruled by looters.
The political parties are spoiling the environment with highly selfish approach but would always be so and now Govt seems struggle hard though acting tough in a better manner. If Govt is active, some hope but if goes again into comma, doomsday.
Sonia is acting tough and giving energy as well as direct to party and alliance partners. Things may turn around if this continues as BJP is already marginalized. Congress seems reviving and that force govt to act.
