Re: [Pen-l] Stalled Reforms: India's Economy Hits the Wall

To: "Progressive Economics" <pen-l@xxxxxxxxxxxxxxxxxx>
Subject: Re: [Pen-l] Stalled Reforms: India's Economy Hits the Wall
From: raghu <mraghu01@xxxxxxxxx>
Date: Wed, 2 Jul 2008 12:31:16 -0700
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On Wed, Jul 2, 2008 at 12:05 PM, ravi <ravi@xxxxxxxxxxxxxxx> wrote:

http://www.spiegel.de/international/business/0,1518,563378,00.html

Growth is slipping, stocks are down 40 percent, and foreign stock market investors are fleeing. Businessmen blame the ruling coalition for failing to make reforms.

This gloom seems vastly over-stated. yes the stock-market is plunging, but it should be after a long speculative boom. The hot money is leaving - well good riddance and don't let the door hit you on the way out.

The democratically elected coalition government is unable to ram through plans for Special Economic Zones? What's so bad about that if these SEZs involve displacing hundreds of thousands without adequate compensation?

I'll happily take 7% growth with some checks and balances, instead of 10% with laissez-faire rules.
-raghu.

--
Don't drink and drive. You might hit a bump and spill your drink.

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References:
- [Pen-l] Stalled Reforms: India's Economy Hits the Wall
  - From: ravi

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Thread context:
- [Pen-l] fun fact on McCain's big oil plan, Liz Chimienti Wed 02 Jul 2008, 20:06 GMT
- [Pen-l] Stalled Reforms: India's Economy Hits the Wall, ravi Wed 02 Jul 2008, 18:49 GMT
  - Re: [Pen-l] Stalled Reforms: India's Economy Hits the Wall, raghu Wed 02 Jul 2008, 19:17 GMT
  - Re: [Pen-l] Stalled Reforms: India's Economy Hits the Wall, Jim Devine Wed 02 Jul 2008, 20:12 GMT
- [Pen-l] Canada Day, Jim Devine Wed 02 Jul 2008, 17:50 GMT
  - Re: [Pen-l] Canada Day, Sandwichman Wed 02 Jul 2008, 20:20 GMT
    - Re: [Pen-l] Canada Day, Bill Quimby Wed 02 Jul 2008, 21:55 GMT

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