Friday, August 30, 2013

Finally D.Rao about to depart from RBI but not before torpedoing Indian economy


D.Rao about to depart from RBI but not before torpedoing Indian economy- as i have been saying in my past posts also, India has to make a choice between growth & controlled inflation - keeping in view the crores of indians still below poverty line, i think that the obivious choice has to be growth. But D.Rao chose controlled inflation & look at the mess he has landed us in. When he took over, Indian economy/ GDP was growing at a fast clip of 9% in real terms, ruppe was around 40 to a dollar......now he has crashed the growth to 4%, ruppe to 68 for a dollar...... Along with our most selfish pm, this guy has done the most deep & horrible damage to our country...incidentally both of them were rewarded for their incompetance by getting two back to back terms..... Still have faith in well doing indian cos. & keep on investing in them... who knows that this most incompetant gov. may be replaced by the most competant one after the next elections in 2014.....