India on the verge of facing worst financial crisis in decades?

[the_kaur]

Re: India on the verge of facing worst financial crisis in decades?

@BindazChakkar

There will be short-term issues no doubt since the Euro is being reset at new levels. Investors need capital to be liberated from somewhere so they can use it to take advantage of the European melt down. They are all sitting on some profits in their Indian investments and will take some of that to fund that trading.

Once the Euro battles settle, once again they will look to BRICS for growth.

RBI has to somehow manage the interim through some deft forex plays

Many things depend upon the settlement of Euro debt crisis and also because the devaluation of Indian rupee we posted growth rate of 6.9% in this quarter, a lot of things are yet to unfold, so keeping the fingers crossed:). Further GoI tried bringing FDI in retail but it is now halted pending further notification

@firenze

India have quite good reserves to take the hit.

India can take a slowdown, hit would be difficult to manage

@achterbahn

I don’t know about Brazil, China, Russia, Indonesia or other countries.

The Indian economic Gurus are predicting a pretty bad picture for India in the near future.

I can wish only good luck to India. Because a bad economy in India can be a bad news for all her neighbors. There might be some pretty nasty diversion tactics by India, if she gets into economic mess.

diversion tactics are used only during some political crisis, more than half of india does not understand economic crisis and due to powerful black economy remains unaffected to the large extent:)

@rommel

India and any one else who adopts this capitalist model of reckless get rich quick and suffer latter i.e boom and bust economics will suffer sooner or later.

we saw the tiger economies suffer in 90’s we saw the west suffer many boom bust cycles and today we have the mother of all economic disasters hitting the US and Europe.

So if india suffers crash it will not surprise anyone this is nature of the boom bust economic model.

You have defined economic cycle, depression is part of it, smartness lies in quickly overcoming it:)

@BindazChakkar

you know of an alternative that can lead to a stabler economy without denying individual liberty and human rights ?

I object, my lord, this is very tough question:D