Comments on: India's Budgetary Woes Are a Warning to Global Investors http://moneymorning.com/2009/07/14/india-budget-warning-to-global-investors/ Global Investment News Fri, 25 May 2012 18:42:41 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Sasi http://moneymorning.com/2009/07/14/india-budget-warning-to-global-investors/comment-page-1/#comment-7138 Sasi Sun, 18 Oct 2009 16:47:54 +0000 http://www.moneymorning.com/?p=8051#comment-7138 Our PM was educated in the West and he has done a better job than the Westerners because he has adapted his knowledge to Indian conditions and not gone by what you Westerners preach.I think USA needs the same advice India got decades back "Devaluation" of the currency,then maybe the US economy will improve. Our PM was educated in the West and he has done a better job than the Westerners because he has adapted his knowledge to Indian conditions and not gone by what you Westerners preach.I think USA needs the same advice India got decades back "Devaluation" of the currency,then maybe
the US economy will improve.

]]> By: syed ilyas basha http://moneymorning.com/2009/07/14/india-budget-warning-to-global-investors/comment-page-1/#comment-7131 syed ilyas basha Wed, 15 Jul 2009 06:33:37 +0000 http://www.moneymorning.com/?p=8051#comment-7131 The article under comment a fantastic piece of bias reporting the western media is accustomed to against the developing nations. Privatisation is not the only means to walk on the road to progress. India's policy of watch and walk is worth emulating. All the theories and practices of the western capitalist folks are gone awary and proved to be fatal. India is learning by looking at these developments. Is it not a right time for these policy makers to reconsider their decades old basics of policies? The performance of Indian economy during the past four quarters vis-a vis the American one makes their directions clear. Those who are flexible and learn from others always triumph. The article under comment a fantastic piece of bias reporting the western media is accustomed to against the developing nations. Privatisation is not the only means to walk on the road to progress. India's policy of watch and walk is worth emulating. All the theories and practices of the western capitalist folks are gone awary and proved to be fatal. India is learning by looking at these developments. Is it not a right time for these policy makers to reconsider their decades old basics of policies? The performance of Indian economy during the past four quarters vis-a vis the American one makes their directions clear. Those who are flexible and learn
from others always triumph.

]]> By: PlainSpeak, Vizag http://moneymorning.com/2009/07/14/india-budget-warning-to-global-investors/comment-page-1/#comment-7137 PlainSpeak, Vizag Wed, 15 Jul 2009 04:42:49 +0000 http://www.moneymorning.com/?p=8051#comment-7137 To know the facts behind the downturn of Sensex after the Budget 2009-10, you have to know a bit of Indian politics. The populistic measures and the use of Aam Aadmi(poor man) plank to keep the vote bank intact is diliked by the market. Keeping aside 35% of the budget for social sector spending withour safegaurds for its delivery system( systemic failures are the bane of the Indian public spending, where the politicians can feast on the leaks from the faulty system. The dole giving social sector spends are suitable for calamity situations and not for normal situations. People are made to live on freebees from the benevelent govt. The Indian Judicial system is too slow to punish the wrong doers in a reasonable time frame and remain to be a no deterrant for fraudsters). The market is more worried on this front than the privatisation or reforms. Though the UPA Govt. at center is no more dependent on Left support, the FM is a known left leaning politician of such a high seniority that even the PM can do nothing to correct his budgetory deficiencies/proposals. The PM is a nice and clean person without political clout and becomes helpless along with the multitude of well meaning citizenry of the country. Markets are sensitive to all these events and correctly reacted to the fiscal deficitted budget. To know the facts behind the downturn of Sensex after the Budget 2009-10, you have to know a bit of Indian politics. The populistic measures and the use of Aam Aadmi(poor man) plank to keep the vote bank intact is diliked by the market. Keeping aside 35% of the budget for social sector spending withour safegaurds for its delivery system( systemic failures are the bane of the Indian public spending, where the politicians can feast on the leaks from the faulty system. The dole giving social sector spends are suitable for calamity situations and not for normal situations. People are made to live on freebees from the benevelent govt. The Indian Judicial system is too slow to punish the wrong doers in a reasonable time frame and remain to be a no deterrant for fraudsters). The market is more worried on this front than the privatisation or reforms. Though the UPA Govt. at center is no more dependent on Left support, the FM is a known left leaning politician of such a high seniority that even the PM can do nothing to correct his budgetory deficiencies/proposals. The PM is a nice and clean person without political clout and becomes helpless along with the multitude of well meaning citizenry of the country. Markets are sensitive to all these events and correctly reacted to the fiscal deficitted budget.

]]> By: G.Loganathan http://moneymorning.com/2009/07/14/india-budget-warning-to-global-investors/comment-page-1/#comment-7132 G.Loganathan Wed, 15 Jul 2009 04:20:10 +0000 http://www.moneymorning.com/?p=8051#comment-7132 Mr.Marrin, I m sure U R a baby.Look at your own backyard.Full of mess N U can't do anything about it.U R advising to invest in china,but please don't talk about democracy and reform. Untill your economy crash,all the CEO's are flying private jet N salary like mountain.How come you did not warn your people about!!!!!!!!!!.That's I said U R a Baby.Thx.Loga..Coimbatore. Mr.Marrin,
I m sure U R a baby.Look at your own backyard.Full of mess N U can't do anything about it.U R advising to invest in china,but please don't talk about democracy and reform.
Untill your economy crash,all the CEO's are flying private jet N salary like mountain.How come you did not warn your people about!!!!!!!!!!.That's I said U R a Baby.Thx.Loga..Coimbatore.

]]> By: anish poojara http://moneymorning.com/2009/07/14/india-budget-warning-to-global-investors/comment-page-1/#comment-7136 anish poojara Tue, 14 Jul 2009 18:47:53 +0000 http://www.moneymorning.com/?p=8051#comment-7136 Do Americans still follow Moody's ratings? No wonder your economy is going down the drain. Mody's which could not judge the state of the American economy, could not see the demise of General Motors, Chrysler, Citibank, Bank of America, Lehman Bros etc etc etc etc considers itself expert enough to rate India. Just because you hire a 25 year old from Harvard, wrap him in an Armani suit and give him a million dollar salary does not mean he is an expert in anything except talking. No bank in India lends to people for second and third homes when the persons do not have the capability to even pay for their first homes. And Americans offer advise to India on banking reforms. US will recover from this mess. But the gap between US and the so called underdeveloped countries will have narrowed considerably. Meantime Moody's will still be downgrading every country and every company outisde US not even realizing that the world has undergone a drastic change. Long Live Moody. Do Americans still follow Moody's ratings? No wonder your economy is going down the drain.

Mody's which could not judge the state of the American economy, could not see the demise of General Motors, Chrysler, Citibank, Bank of America, Lehman Bros etc etc etc etc considers itself expert enough to rate India. Just because you hire a 25 year old from Harvard, wrap him in an Armani suit and give him a million dollar salary does not mean he is an expert in anything except talking.

No bank in India lends to people for second and third homes when the persons do not have the capability to even pay for their first homes. And Americans offer advise to India on banking reforms.

US will recover from this mess. But the gap between US and the so called underdeveloped countries will have narrowed considerably. Meantime Moody's will still be downgrading every country and every company outisde US not even realizing that the world has undergone a drastic change.

Long Live Moody.

]]> By: nandu.c.j http://moneymorning.com/2009/07/14/india-budget-warning-to-global-investors/comment-page-1/#comment-7133 nandu.c.j Tue, 14 Jul 2009 13:55:58 +0000 http://www.moneymorning.com/?p=8051#comment-7133 In the article given above the inflation rate in India is given as 8.7%.But according to data's the inflation rate in India is now in the negative zone.Does that mean an increase in fiscal deficit is not at all a bad move?. And an increase in government spending help improvement in domestic demand. Which is necessary now, until the global economy doesn't turn back to its full swing . More over many of the Public sector banks lowered their interest rate recently.This will improve the credit availability of the domestic investors. And about the FDIs discussed above, the domestic credit availability does not affect their investment decisions.Thus the article given above lack intellectual thinking instead it is guided by a Prejudice mind. In the article given above the inflation rate in India is given as 8.7%.But according to data's the inflation rate in India is now in the negative zone.Does that mean an increase in fiscal deficit is not at all a bad move?. And an increase in government spending help improvement in domestic demand.
Which is necessary now, until the global economy doesn't
turn back to its full swing . More over many of the Public sector banks lowered their interest rate recently.This will improve the credit availability of the domestic investors.
And about the FDIs discussed above, the domestic credit availability does not affect their investment decisions.Thus the article given above lack intellectual thinking instead it is guided by a Prejudice mind.

]]> By: Barbara http://moneymorning.com/2009/07/14/india-budget-warning-to-global-investors/comment-page-1/#comment-7134 Barbara Tue, 14 Jul 2009 13:17:34 +0000 http://www.moneymorning.com/?p=8051#comment-7134 The United States may not be like India in which our deficits are financed BUT how long is that likely to continue as we keep spending like drunken sailors. The United States is going the way of India, Argentina, Zimbabwe with our huge deficits, cheapening currency, no growth and easy money policy. The United States may not be like India in which our deficits are financed BUT how long is that likely to continue as we keep spending like drunken sailors. The United States is going the way of India, Argentina, Zimbabwe with our huge deficits, cheapening currency, no growth and easy money policy.

]]> By: Sai http://moneymorning.com/2009/07/14/india-budget-warning-to-global-investors/comment-page-1/#comment-7135 Sai Tue, 14 Jul 2009 12:24:30 +0000 http://www.moneymorning.com/?p=8051#comment-7135 Agreed that the markets are a bit squeezed out but that does not stop anyone from investing in India. One should remember well in mind that India is the largest democracy and it comes with its own advantages and disadvantages. Reforms will not become an easy task when a billion people are to be satisfied every time when a reform is made. The Indian stock market is still considered to be the best returns-giving market by investors and management gurus alike. Despite the staggering facts, no one knows what the exact real numbers in China are. There are a lot of factors to be examined still to rate India as a country not for investment. Agreed that the markets are a bit squeezed out but that does not stop anyone from investing in India. One should remember well in mind that India is the largest democracy and it comes with its own advantages and disadvantages. Reforms will not become an easy task when a billion people are to be satisfied every time when a reform is made. The Indian stock market is still considered to be the best returns-giving market by investors and management gurus alike. Despite the staggering facts, no one knows what the exact real numbers in China are. There are a lot of factors to be examined still to rate India as a country not for investment.

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