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	<title>Comments on: Global economic downturn and India</title>
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	<description>Voices from the Indian Blogosphere</description>
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		<title>By: Dr. Jayashree Joshi</title>
		<link>http://www.blogbharti.com/kuffir/economy/global-economic-downturn-and-india/comment-page-1/#comment-11477</link>
		<dc:creator>Dr. Jayashree Joshi</dc:creator>
		<pubDate>Wed, 26 Nov 2008 00:21:13 +0000</pubDate>
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		<description>I think our strong &#039;fundamentals&#039; are being eroded by poor governance. The spreading social unrest in many parts of India is an indication of failure of governance. This has to be tackled first, but there seems to be no political Will at all!</description>
		<content:encoded><![CDATA[<p>I think our strong &#8216;fundamentals&#8217; are being eroded by poor governance. The spreading social unrest in many parts of India is an indication of failure of governance. This has to be tackled first, but there seems to be no political Will at all!</p>
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		<title>By: JAT-the economist</title>
		<link>http://www.blogbharti.com/kuffir/economy/global-economic-downturn-and-india/comment-page-1/#comment-10999</link>
		<dc:creator>JAT-the economist</dc:creator>
		<pubDate>Fri, 24 Oct 2008 16:23:31 +0000</pubDate>
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		<description>Honey,
The FM in INDIA is right, because, the long term(say 3year)story of our economy is in fact &quot; robust growth&quot;. Why becoz the investments that have taken place after the 90&#039;s and 2000,s liberalizion drive is paying off and will eventually peak into accelarated growth. How ever in ht enar term, the international trade scene is grim and our trading partners, (read USA&lt; EUROPE AND RUSSIA) are gojng thro a bad patch thanks to the wonder ful financial crisis ..And dont ever think that the stock market is the economy equivalent!!! The stock market, darling is a madhouse where sentiment plays the key master of ceremonies.. while the economy is somehting slightly bigger and does not depend on sentiments only...The FM may be right after all !</description>
		<content:encoded><![CDATA[<p>Honey,<br />
The FM in INDIA is right, because, the long term(say 3year)story of our economy is in fact &#8221; robust growth&#8221;. Why becoz the investments that have taken place after the 90&#8217;s and 2000,s liberalizion drive is paying off and will eventually peak into accelarated growth. How ever in ht enar term, the international trade scene is grim and our trading partners, (read USA&lt; EUROPE AND RUSSIA) are gojng thro a bad patch thanks to the wonder ful financial crisis ..And dont ever think that the stock market is the economy equivalent!!! The stock market, darling is a madhouse where sentiment plays the key master of ceremonies.. while the economy is somehting slightly bigger and does not depend on sentiments only&#8230;The FM may be right after all !</p>
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