INDIAN ECONOMY IS IN A SWING THANKS TO POLITICAL PARTIES VIED WITH EACH OTHER IN DEVOURING PUBLIC FUNDS/TAX PAYER MONEYS IN A LAVISH WAY RUNIING INTO 1776 LAKH CRORES AS ALSO SEVERAL LAKHS OF CRORES IN RURAL EMPLOYMENT GUARANTEE FUNDS EATEN AWAY AT VARIOUS STATES, BESIDES POLITICIANS STASHED MONEYS ALONG WITH CORPORATES MONEY LAUNDERING ACTIVITIES BESIDES SEVERAL LAKHS OF CRORES ARE IN MONEY LAUNDERED ALREADY IN MONEY LAUNDERING HAVENS -- CANRY ISLANDS/LUXUMBURG/SWISS BANKS/.. THAT IS THE FINANCIAL CLOSING FOR 2010.
RBI WARNS 2011 IS NOT COZY FOR INDIAN ECONOMY AS FOREIGN FUNDS LANDED IN STOCKS MARKETS AND SOON THE STOCKS ALSO ARE LIKELY TO GO DRY AS FOREIGN FUNDS WILL GO AS THEY CAME IN WHEN REGULATORS CLOSE IN TO REGULATE FUNDS.
ECONOMY IS NOW MOSTLY MANAGED BY FINANCIAL ECONOMISTS WHO ARE WORKING AS CONSULTANTS TO CORPORATE HOUSES IN DIFERRENT GARBS WHAT AMERICANS CALL 'VOODO ECONOMISTS'.
IT MAY NOT BE A WONDER REVISIT OF 2007-08. EVEN USA SEEMS TO BE IN TROUBLE AS ANOTHER BUBBLE OF MUCH HIGHER DIMENSIONS ARE EXPECTED BY 2012. ALEADY SYMPTOMS ARE SEEN THERE AS A LOT OF BANKS ARE SADDLED WITH NON PERFORMING ASSETS OF HOUSES WHICH PRICES HAVE ONE TO 'U' GRAPHS. REAL ETATATE AGENTS IN USA ARE ENTICING REASONABLY WELL TO DO TO BUY SUCH ASSETS BY GIVING SOME ATTRACTIVE PROPOSITIONS, AS IS RREPORTED FROM MA'USA AND ALSO NEW YERSY, NEW YORK, ALASKA ..
INDIA ALSO BANK LENDING TO BUILDERS HAVE DRIED UP, AS RBI REJECTED ANY FUNDING TO THE BANKERS. DEPOSITORS DO NOT DEOSIT MONEYS IN BANKS TODAY. MANY CHOOSE TO KEEP FUNDS WITH THEMSELVES IN THE FORM OF GOLD AND SILVER AS PEOPLE HAVE LOST CONFIDENCE ON RUPEES, AS THEY SUSPECT RUPEES MIGHT GIVE IN. INFLATION SPIRALS ARE TACKING PLACE, AS ESSENTIAL COMMODITIES AND VEGETABLE ARE TOUHING ROOFS.
THE ABOVE IS FIRST PART OF ARTICLE AND WILL BE FOLOWED SOON WITH SECOND PART
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