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What hapenned to the huge Foreign Reserves India had.
by Lost Indian on Jun 09, 2008 10:22 AM

Just a few month back india was sitting on huge foreign reserves. The government to help the exporters delebirately increased dollar value, when dollar is getting weak internationally india could have provided subsidies for the Exporters rather than making the dollar strong.
During this time the weak dollar would have helped the oil crises.
This government has failed on all front.
They just want to collect taxes, one day they will tax for air and living and our FM will say since the GDP during crisis time has shown a growth of 8% taxing living should be acceptable to the people.

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The above message is part of the Discussion Board:
Where is the money going?