Many interesting comments appeared on my previous blog post, Mythbusting: Current account deficit edition, and I thought it made sense to respond to all of them in this post.
Ambarish: I don’t think there has been a sudden rise in rupee trading outside India. It was always there; we weren’t seeing it. As Jayanth . . . → Read More: Discussions on ‘Mythbusting: Current Account Deficit Edition’
In recent months, the current account deficit has risen. The latest data shows:
Sep 2009 -3.03 Dec 2009 -3.64 Mar 2010 -3.68 Jun 2010 -3.84
This has started making many people worried. Is such a `large’ current account deficit a cause for concern?
The right answer
How long should a man’s legs . . . → Read More: Mythbusting: Current Account Deficit Edition
C. J. Chivers has a story in the New York Times from Uzbekistan which links up to an idea that I have often thought would be a great step forward for India: the interior of every police station in the country should be blanketed with video cameras giving feeds out to the Net. . . . → Read More: Interesting Readings for October 11, 2010