Saturday, August 17, 2013

India May Get Downgrade

India may suffer a sovereign rating downgrade, says Templeton's Mark Mobius:

http://economictimes.indiatimes.com/markets/analysis/sovereign-downgrade-for-india-is-a-possibility-says-mark-mobius/articleshow/21869387.cms



Sonia thinks that the Food Security Bill will be her electoral Brahmastra - but a sovereign rating downgrade from Standard & Poor's, Moody's, and Fitch will suck the strength out of this Brahmastra and force her clan to flee the battlefield.

1 comment:

sansk said...

ManMoron is habituated to blame others for his own incompetence. First, it was Pranab Mukerjee. Now it is D Subbarao. However, both were part and parcel of the same illegitimate setup of which he himself is namesake PM. For all practical purposes, RBI governor cannot do anything that is not government policy.

This is going to be an eye opener for those who have high hopes from Raghuram Rajan.

We are victim of a government run by economists and being a democracy we have only ourselves to blame.