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Sensex faces Indian economic depression in the next five years – China faces same fate as former Soviet Union
The stock market in India is showing signs of trouble. Chinese stock market is riding the communism wave of domestic stimulus spending. Sooner or later China’s fate lie in the same as Soviet Union as they exhaust their reserves in fueling the economic depression. India’s case is slightly different. It is a mixed economy with more private sector than public sector. As a result, India’s short-term (5 years in mega scale) outlook is gloomy. China’s India’s short-term (5 years in mega scale) outlook is brighter. But in 2014, as India will recover and take dominant role in the world economic forums, China will face the same fate Soviet communists faced in late eighties. China is now fighting a massive war called trade war.
Americans got wiped out because of Iraq. The Afghan war wiped out soviet communists. China faces global trade war. India fights its native greed for American dollar, British pound, and European Euro. The world runs deep into global depression led by mistakes made by Clinton and Bush.
India will not allow a greater role for foreign banks in the Indian banking system when the review of the next round of banking reforms begins later this year because of uncertainties surrounding the current global financial crisis. Indian opposition political parties warned the Manmohan Singh government that United States and European Union are incompetent financial partners. They were right. The US and EU have proved that their financial prudence is comparable to that of their contemporaries in the dark ages. They have created the global financial meltdown throwing the world into the ditches of depression.
BIZ/FINANCE ARTICLES
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