India is now the sick man of Asia

Highlights

·           “A summer of difficulties has dented India’s confidence, and a growing chorus of critics is starting to ask whether India’s rise may take years, and perhaps decades, longer than many had hoped.

·           “There is a growing sense of desperation out there, particularly among the young”

·           India’s growing economic worries are perhaps its most challenging.

·           “I think things will get much worse before they get better,” said Sonal Varma, an India economist at Nomura Securities in Mumbai. “The government is between a rock and a hard place.”

·           Unable to build or buy, India is becoming dangerously short of vital defense equipment, analysts say.

·           “Many analysts say that India is unlikely to achieve prominence on the world stage until it reaches some sort of resolution with Pakistan of disputes that have lasted for decades over Kashmir and other issues.”

Courtesy: PTT Member-Maqsood Kayani