Is India collapsing?

[iPundit]

@denada

Indian Rupee is now 42 for one dollar, inflation is 11.9%. Economists have predicted that India will not maintain the growth.

Situation in India is getting worse with rising food prices. With No rain there is drought like situation. Stocks are diving low. Gone are the dreams of “India Shining”.

All the dream merchants, who until recently were gloating over the country’s booming economy at swish dinner parties are washing their hands off its fanciful growth prospects. Industrial growth is six year low.

High cost of living hurts; incomes are down and borrowings are costlier. Everything that you need to live is 200 times costlier. And population of India is increasing outstripping China.

Water, housing, power or transport is scarce. Cities like Mumbai and Bangalore are one of the most expensive cities in world.

In city after city, the story is the same. Filth on the roadsides, garbage everywhere, and worse still is the discharge of hospital waste and hazardous material into open landfill sites which threaten to damage our groundwater resources. The municipal agencies’ inability to tackle the problem is only adding to the intensity of the time bomb that is waiting to explode.

Web Exclusive | India?s crisis is faecal not fiscal - Economy and Politics - livemint.com

There you go again crap against India. You should have posted this article in right context, the actual context was in regards to —> “Indian cities generate nearly 120,000 tonnes of waste everyday; while the fiscal crisis would impoverish us, the faecal one will choke us”…

Slowing down of Indian economy is mainly because of three causes 1) US election year 2) Indian election year 3) Hike in prices of Oil.

And whenever Indian Rupee goes down, Indian exporter enjoys specially the IT sector (Where foreign remittance comes in Dollar) which has significant number of employees.