Hyper inflation in food, energy and shortage of right talent will cause Indian economy to choke – Can Chindambaram really bring India back to its original core values?
Special Correspondent
Feb. 10, 2007

India has started suffering from fiscal mismanagement for many years. Indian politicians followed American economic model. Foreign Direct Deposits and outsourcing contracts from America will bring India into the top seven riches countries – that was the dream. The problem is America itself has economic problems far greater than any one can imagine. Iraq war was one mistake; fiscal mismanagement was far greater mistake.

The rise in India's inflation rate is due to strong growth and robust consumer demand but the govt. would use all possible measures to control price rise, FM P Chidambaram said.

Can Chidambaram really bring India back to its original core values?

Possibly not because 100 families do govern India, the top middleclass is dominated by the newly acquired status called India Inc. These Indian corporate executives are convinced India’s destiny is America like superpower stealing all the jobs from the West in spite of poorest qualities and worst work ethics. The net result is a massive bubble that is now challenging India’s financial system.

India’s budget deficit, trade deficit and inflation are worrisome. Deflation is normally preceded by that kind of signals.

Hyper inflation in food, energy and shortage of right talent will cause Indian economy to choke – Can Chindambaram really bring India back to its original core values?
Special Correspondent
India’s budget deficit, trade deficit and inflation are worrisome. Deflation is normally preceded by that kind of signals. India has started suffering from fiscal mismanagement for many years.
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