One of the Major Problems with Indian Democracy is incompetent Politicians capturing core Portfolios like the predecessor of Mr. P. Chaidambaram did dwindling the Fiscal and Current Account deficits to new highs, weakening India’s greenback and no control over Inflation. Every Macro Researcher on the Indian Economy asks can they be back under control in 2013 ? Yes, but we do not think any of these measures will reach truly comfortable levels in the next few years.
After a sharp recovery from the (more…)