Read the first post story below.
http://www.firstpost.com/economy/who-killed-the-india-growth-story-delhi-not-mint-st-416249.html?utm_source=MC_TOP_WIDGE
Attempts are being made to make Subbarao as scapegoat. He can easily escape by cutting rates to 0.5 to 1.0 percent. But will the economy recover? unlikely. Because the problem is not due to high interest rates.
The idiots who run the show and the brokers and frauds of so called corporate India is trying to save their
asses by making people fools. In a country where the real inflation runs over 11%, any sane person will ask
for interest rate cut, whererin the real interest rates are already at only 8% which is already 3% down from real inflation. God saves India.
These idiots think people will come and spend if you cut interest rates. Sorry boss. You are mistaken. That is not going to happen. PROBLEM LIES ELSEWHERE.
http://www.firstpost.com/economy/who-killed-the-india-growth-story-delhi-not-mint-st-416249.html?utm_source=MC_TOP_WIDGE
Attempts are being made to make Subbarao as scapegoat. He can easily escape by cutting rates to 0.5 to 1.0 percent. But will the economy recover? unlikely. Because the problem is not due to high interest rates.
The idiots who run the show and the brokers and frauds of so called corporate India is trying to save their
asses by making people fools. In a country where the real inflation runs over 11%, any sane person will ask
for interest rate cut, whererin the real interest rates are already at only 8% which is already 3% down from real inflation. God saves India.
These idiots think people will come and spend if you cut interest rates. Sorry boss. You are mistaken. That is not going to happen. PROBLEM LIES ELSEWHERE.
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