Indian Economy

Current state of our economy is,I am afraid not an encouraging picture.We have our exchange rate falling freely with Govt and the RBI as mute spectators.Given the dismal position of balance of payments reserve,it is futile to shore up a sinking boat of exchange rate.What the Central Bank had been asking hoarse for past so many months regarding fiscal deficit as percentage of GDP is raising its ugly head.Earlier,India Inc had always given the picture that with loosening monetary policy and lowering interest rates,competition is suffering and unless the same is corrected,markets are not likely to chug up.This is only a limited picture and real facts are far away from it.

As someone in World Bank has rightly said:If tapering is the only cause of a dwindling Indian economy ,then why are not the Indians investing.Fact is,our India Inc dear is so interested in profit that India story does not really bother them so much as profit does.So tapering or not,we shall invest our fund abroad and Bank with Swiss Banks.A Rolls Royce worth Rs 4.60 Crore may have great market potential here when growth is negative.Markets are daily going down and we have only Dow to blame.Why is record gold imported here in face of exchange crisis and huge import bills is something nobody is bothered to address.


Now,do we really have a Govt these days is a big question.Who does the Govt represent anyway?These are basic questions we need to answer.

I hope to get some comments or criticsm..both are welcome....