The talk show was indeed made impact on what is wrong going in India's Economy. It highlights the agony and the stirred that has been created in the full blown hype of India's development. Needless to say the worst has happened and damaged has been made to a larger extend. Nothing can withstand now, even greatest of all mind can't do bit to make economy stable and balances.
Host: Prannoy Roy-NDTV chief
Guest: Ruchir Sharma -Morgon Stanley
Arun Shorie former Disinvestment Minister.
The show was well formulated and presented to the audience keeping all nittie gritties into consideration. It brings the fact and figures of past and existing statistics of worst performing economy.
They tabled the intruments that play crucial role in any countries economy. The trends shows the comparison charts of various developing countries with retrospects of exchange rates, investments and debts.
The key pointers were
1. FII-Foreign Institution Investments
2. FDI- Foreign Direct investments
3. Foreign Reserve Exchange
4. Short term debts
5. Current account fiscal deficits- Imports vs Exports figure
6. Fiscal deficits
7. Global vs Local market
8. Political economy drivers and impacted parameters.- Loan waivers, food security bills , coal scams, 2G, excessive regulations in investments, loss faith -investors, low confidence level, buerocrats, mafia and so on
9. 10 top companies foreign investments and performing index.. 25% of indian company runs out of capital and on hugh debts.
10. Outflows of dollar to US from India.
11. Imports of gold and silver, crude oil so on
12. Heavy duty on import on LED, plasma and flat Tv, Electronics items and so..
These were some eye opening facts that are hidden by the policy maker. Its election time...and no one wants to bring such facts to the massess to create trouble in the paradise.
I could recollect following points made by these gentlemen
Ruchir Sharma- the train has left the station and nothing can be done now
Arun Shorie- The flies are been axed with big axe. We want reform and do something which is right and effective.
Prannoy Roy- States , there is a tide and huge surplus of cash flows towards states and once tide settle will reveal a fact who is swimming nacked in the water. Time to answer this.
Well the talk show was most sensible and meaninful . Has this been the state of India's economy we're then too close to crisis that has evident in year 1991.
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