I agreewith most of what Abheek Barua has written. They are based on pragmtic logic. World economy in general and US economy in p-articular will have a slow down in growth. Rupee appreciation will affect our exports adversely. We do not have stable governments at Delhi, Bangalore and other states. There is no integrity amomg 98 percent of the politicians of all political parties who are greedy for power and money and ard corrupt to the core. There is no political will and cohesion in all ythe coalition governments. Naxalite problems ana crimes are on the increase in alll major cities, specially in Delhi, Mumbai and Bangalore. Chidambaram is cheating the people in the form of oil bonds and other bonds to sustain billions of ruppes subsidies. Fuel and Food prices are sky high affeting the poor and middleclass people. Both Social amd physical infrastrucure are crumbling. Enough of this story. Hope God will be kind to India during 2008!
RE:Forecats for Indian Economy in 2008.
by AJITH BHATT on Jan 01, 2008 07:19 PM Permalink
Chidambaram thinks that he is a super finance minister,but in reality he is an expert in taxing each and every aspect of petty things like ATM money withdrawal,DD Commission,Service Tax of Bank Charges,afterall there is a history of stock-market crashes, and the econonmy crashes associated with Chidambaram when he was the FM of Deve Gowda,so be prepared for a bitter 2008-09,May god bless India
