Wednesday, February 13, 2013

Why Chidu and Subbu do not have much control over fiscal defici

.......What this entire story tells us is that the likes of P Chidambaram and D Subbarao have far lesser control over the Indian economy and the fiscal deficit of the government, their attempts to prove otherwise notwithstanding. So as long as the Western world continues to print money, prices of oil and gold will continue to remain high. Hence,  Indians will continue to buy gold and the oil bill will continue to remain high.

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