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Thread: Encouraging!
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07-06-2009, 07:07 AM #1
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The Following User Says Thank You to wot For This Useful Post:
Jeff (07-07-2009)
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07-06-2009, 12:03 PM #2
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Re: Encouraging!
Budget and subsequent stock market crash point otherwise
sighs..
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07-07-2009, 05:11 AM #3
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Re: Encouraging!
Thanks for the article wot!
I think the main point that needs to be highlighted is that the growth rate in India for the present fiscal year was projected at 6.7%. Compare that to the US, where the economy is SHRINKING at 5.5%:
News Release: Gross Domestic Product and Corporate Profits
The deficit in India seems very high. But if all of Obama's plans go through, the US's will be much higher.
India's reliance on exports is a concern too if the American economy continues to do badly.
Encouraging!
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