Happy Independence Day India

Happy Independence day India. The currency of a country is a forward looking instrument. It is a leading indicator encompassing all the major economic parameters.

The currency chart is telling us that all is not well. The country was doing fine till 2008 but due to global slowdown and political indecision at home the country lost its way.

Investment chart is implying that the country is not investing enough to kick start the economy.

Industrial production is growing steadily but may decline in future if investment does not pick up soon.

CPI inflation is self explanatory. The high inflation is responsible for the elevated interest rates which in turn hampering the growth. It’s time to act otherwise it will be too late.

The real GDP growth is fine but persistent high inflation will surely have an impact on the future performance.

In a nutshell, India may lose its coveted position of a high growth country if the leadership does not act fast. Let’s hope for the best.