| india forex reserves
i didnt take offense, i just wanted to make the point that the congress is the ruling party now and has decided to continue with the infrastructure development plan as was formulated by the last party (BJP)
The new prime minister is (finally) well educated and an economist to boot.
However the fact that india is using its forex reserves for these projects, indicates two things.
1. Their inability to finance them any other way
2. The feeling that the reserves are higher than they need to be, there is such a thing as too much money for a rainy day!
i'm mighty pleased that people keep upto date on indian politics, but it is not possible to understand how politics works (sic) in India when you are based in another country.
For now the real estate bubble should be more interesting (USA)
cheers,
ks |