Financially, India is nearing a melt down


Indian rupee has depreciated more than 20 % against the dollar and nearly 50 % against the Chinese renminbi. Household savings , as a percentage of GDP , have plummeted to a 21 year low……..IIP numbers ,automobile sales & agriculture production are telling the sad story of how upper , middle and lower class are getting into this negative spiral 

Worse could happen , if Pakistan or China ups the military action seeing the financial problems of India ?

Rajendra Pratap Gupta

http://www.commonmansblog.com