Indian stock market getting melted – down more than 20% in four days
Shankar Hotabi
Jan. 22, 2008

As American and European financial institutions run for cover after selling their gamble in the Indian stock market, the Indian stock market has melted down. The Sensex is down more than 20% in four days. The index is now down 9.8% (1,716 points) at 15,889 after three hours of trading.

The crash of Sensex was predicted in India daily for the last six months. Indian economy is based on house of cards. The incoming Foreign Direct Investments (FDI) were the main fuel of Indian prosperity. The inflow of FDI was because American and European money did not find any suitable opportunity in their own turf. They wanted to use Indian economy to make a handful profit before throwing the baby out of the window.

Now the PM Manmohan and super PM Sonia must answer to people of India as Indian economy heads into depression.

Indian stock market getting melted – down more than 20% in four days
Shankar Hotabi
The Sensex is down more than 20% in four days. The index is now down 9.8% (1,716 points) at 15,889 after three hours of trading.
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