Monday, August 31, 2009


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Earlier, no one was even willing to admit that there was a problem.

Indian economy withstands meltdown of '08

It is the collectivism of RBI and the government that possibly helped the government avoid the blues of the global financial crisis on the domestic economy at a time when the world economies are falling prey to recession one by one.


I was wondering if these people lived in the same world and were watching the same numbers as I was. That is a very strong headline, and it wasn't true at all!

Later on (April 2009), at least they did admit that they WERE hit, just not as bad.

India not hit badly by economic crisis: PM

"The global economy is in deep trouble and all of us are affected by it but because of the measures we have taken the impact on our country is much less than on other countries," Singh said.


From avoiding, at least they started admitting that there was an impact (albeit.. 'much less').

And now, finally (drum roll):

It's interesting. First they deny that there is a problem, and then there is a problem but not as bad, and finally, we are recovering!!

Dikhaawon pe mat jaao. Apni akal ladaao!

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