The
BJP government, through demonetization and GST, coupled
with the world economic situation, it is causing a rare
co-occurrence of three phenomena: a stagnation of the
countrys' economy, a revival of inflation, and a yawning
current account deficit on the balance of payments.
As the era of cheap money in the U.S. and elsewhere
come to an end, Indian assets might pass into foreign
hands.
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This
article was originally published in People's
Democracy
on September 24, 2017. |
