India heading for debt trap: Moody's

International credit rating agency Moody's on Friday said that India was heading towards a debt trap due to the government's inability to rein in its huge public sector deficit.

"The current trend of public finances is leading inexorably to a debt trap," Moody's said in its new annual report on India.

The ongoing inability of the government to rein in its huge public-sector deficit explains the negative outlook on its Ba2 domestic debt rating, say analysts Kristin Lindow and Atsi Sheth, authors of the report.

Another reason contributing to the outlook was lack of progress on fiscal reform and "crowding out of the private sector from the credit markets."

http://www.rediff.com/money/2002/feb/08moodys.htm

[CyberKhiladi]

ab kya hoga ?

[dirty]

exshpert econimist *** janitor enari is pucho !:D

[dirty]

ye kum word kyon block kar diya economist kum janitor. sofa kum bed ?

[gossipmonger]

I am no expert in economic affairs but India's problems do stem from
1. Incapable leaders.
2. Leadership that stinks.
3. Leaders that stink.

My english teacher once said that the classic world problem that was themother of all problems ....was not the rising population but the mismanagement of funds. I think Manmohan Singh rocked as a Finance Minister. Vajpayee is a good PM but his hands are tied and so he is impotent(please no wisecracks!!).
It worries me to think that we will enter a debt trap. I wish we could really turn our thinking around as well as our leadership.:(

[CyberKhiladi]

Originally posted by dirty
ye kum word kyon block kar diya economist kum janitor. sofa kum bed ?

u are hilarious C*u*m Dunno what else.......dirty c*u*m pata nahi echarhca ne block kar diya hai mere saath bhi bahut hua hai hai lekin i neva bothered asking !

[CyberKhiladi]

Originally posted by gossipmonger
I am no expert in economic affairs but India's problems do stem from
1. Incapable leaders.
2. Leadership that stinks.
3. Leaders that stink.

My english teacher once said that the classic world problem that was themother of all problems ....was not the rising population but the mismanagement of funds. I think Manmohan Singh rocked as a Finance Minister. Vajpayee is a good PM but his hands are tied and so he is impotent(please no wisecracks!!).
It worries me to think that we will enter a debt trap. I wish we could really turn our thinking around as well as our leadership.:(

yeh har jagah tum "please no wisecracks" ko likh leti ho monger?
this means u though what all of u would think but i doubt ifanyone of us has thought to tu m wisecrack khud pe kar deti ho . Aisa kyo?

Y?
Bolo bolo tel tel?

[gossipmonger]

Originally posted by CyberKhiladi


Y?
Bolo bolo tel tel?

Soniyo moniyo mulaiy de donyo
The whole problem lies in the mindset as I know the indian male mindset so well it is why I wrote such...abhi tumhara baapu aayega kuch to fukat mein bolega mein ussi ki wait kur rahi hoon!!!

[CyberKhiladi]

Originally posted by gossipmonger


Soniyo moniyo mulaiy de donyo
The whole problem lies in the mindset as I know the indian male mindset so well it is why I wrote such...abhi tumhara baapu aayega kuch to fukat mein bolega mein ussi ki wait kur rahi hoon!!!

mera baapu? Hellz no !

baapji waise flight mein hai
u will have to wait for another hour!