Arjun Parthasarathy has spent 20 years in the financial markets, having worked with Indian and multinational organisations. His last job was as head of fixed income at a mutual fund. An MBA from the University of Hull, he has managed portfolios independently and is currently the editor of www.investorsareidiots.com . The website is for investors who want to invest in the right financial products at the right time.
The central and state governments have made sure that there is absolutely no incentive for anyone to work the fields. The most common complaint amongst farmers in India is the lack of labour and the cost of labour. Why should anyone work hard in the fields when the government is providing everything free? #food inflation#Inflation#Raghuram Rajan#ToWhatEffect
The INR will not strengthen because India has a new RBI governor. Rajan can only take decisions that will be USD inflow positive such as opening a swap window for FCNR (B) deposits for banks or allowing easier access to USD funds for domestic borrowers #CurrencyWatch#Indian rupee#Rupee#Stock market
The INR fall is actually positive for the country. Politicians will not take the economy for granted and harp on pro citizen policies that actually hurt the citizens the most. Subsidies, freebies and tax exemptions lead to inflation, falling economic growth and a worthless currency. #CurrencyWatch#Euro#Eurozone debt crisis#India#INR#investors#Rupee