Irrespective of "reactive" rate cuts by various central banks, RBI was very pro-active in managing the inflows and outflows of money in/from India. The world has taken notice and has appreciated it and many big financial institutes has hailed RBI & SEBI's measures as the best in Asia. I dont remember the name, but one financial instt. even hailed RBI as the best central bank in Asia.
Decoupling or not, since India's growht is mostly based on local factors, any downside in US will definitly affect us, specially in US-centric domains like IT.
RE:Superb RBI measures
by bayareago on Dec 11, 2007 04:57 AM Permalink
RBI and Finane ministry created so much inflation. Look at property values( and other commodities) 3 years ago and now, it just skyrocketed. It cheaper to buy property in USA/CANADA than India ( with pollution, lack of infrastructure, over population, corruption etc ). Only IT people and people earning over 6 laksh/annum can live in this inflation. Think of engineers,govt employees, clerks etc. who earn less salary than IT.
