Monday, October 1, 2007

Rupee out-performs other Asian currencies

The Wall Street Journal quoted the rupee as being "Asia's best performing currency this year" in today's Political and Economics section. The investment firm Credit Suisse bank had said back in April that Indian GDP at the current price level (under 41) was a 1 trillion dollar economy. As recently as 2001 India's economy was 500 billion dollars. India is the 12th country to reach this milestone. While India's growth is something to take great pride in unfortunately this growth has not been evenly distributed among all sections of its population.

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