This article explains about the fundamental problem:
State-run banks’ bad debts are making economic recovery harder
http://www.economist.com/news/finan...ing-economic-recovery-harder-it-aint-over-yet
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India Shining to India Whining?
- Thread starter kapdal
- Start date
State-run banks’ bad debts are making economic recovery harder
http://www.economist.com/news/finan...ing-economic-recovery-harder-it-aint-over-yet
malikdeepak1
New member
एक नजर देश के ऋण पर
http://www.thehindu.com/opinion/editorial/the-emerging-debt-trap/article4874168.ece
"In the four years after 2008, India’s own experience has been one of losing its export competitiveness relative to other developing countries. This has decelerated our export earnings. Added to this is our mounting import bill, largely led by rising oil prices. The massive increase in gold imports further added to our woes. The double whammy of decelerating exports and rising imports has resulted in India becoming one of the highest current account deficit nations, at nearly 5 per cent of GDP annually. India needs at least $90 billion of fresh capital inflows a year to meet its current account deficit. It could become particularly vulnerable if the U.S. Federal Reserve decides to partially roll back its cheap money policy in the months ahead."
"The only way out of this predicament is for the Manmohan Singh government to build a consensus among political parties to rebuild the economy on a war footing. But with general elections less than a year away, the UPA lacks the political capital to make such a determined effort to arrest the current economic slide"
http://www.thehindu.com/opinion/editorial/the-emerging-debt-trap/article4874168.ece
"In the four years after 2008, India’s own experience has been one of losing its export competitiveness relative to other developing countries. This has decelerated our export earnings. Added to this is our mounting import bill, largely led by rising oil prices. The massive increase in gold imports further added to our woes. The double whammy of decelerating exports and rising imports has resulted in India becoming one of the highest current account deficit nations, at nearly 5 per cent of GDP annually. India needs at least $90 billion of fresh capital inflows a year to meet its current account deficit. It could become particularly vulnerable if the U.S. Federal Reserve decides to partially roll back its cheap money policy in the months ahead."
"The only way out of this predicament is for the Manmohan Singh government to build a consensus among political parties to rebuild the economy on a war footing. But with general elections less than a year away, the UPA lacks the political capital to make such a determined effort to arrest the current economic slide"
Good debate on Indian Economy:
http://www.ndtv.com/video/player/the-big-fight/is-the-indian-economy-heading-for-a-doom/283821?hp
http://www.ndtv.com/video/player/the-big-fight/is-the-indian-economy-heading-for-a-doom/283821?hp
Excellent discussion on Indian economy:
http://www.ndtv.com/video/player/nd...india-s-economy/287650?ndtv_videorhs_t_icon_1
Also a debate on The Economist:
http://www.economist.com/debate/days/view/1001
http://www.ndtv.com/video/player/nd...india-s-economy/287650?ndtv_videorhs_t_icon_1
Also a debate on The Economist:
http://www.economist.com/debate/days/view/1001