Thanks Ron. I have gone through your article and found it very knowledgeable. very good job.

Here, I would also like to appreciate Ashok for his facts and facts and insights.

I concur with Ashok that Indian external debt in Dollar is very less, compare with other countries. I think its economy cycle which tend to flows from up to down. Indians are good savers, even in us Indians have good fico scores. India is a consumption driven economy because of huge population unlike china which is export driven. Our CAD will always be in negative beacuse. we majorily depend on Gold, pulses and oil for imports and export services and textiles. So with the depreciation of Rupee the export sector have picked up and import has fallen. Indian reserves has increased close to$290 billion including gold reserves. MNC and various other companies wants to enter Indian market for business, however there many restrictions. India should open doors to MNCs as India need more funds for development and they need more ROE. the potential growth of India is close to 7%. Howver inflation is increasing with food inflation around 15-20% because of huge population, wastage of food, bad storage systems. Inflation will remain sticky for coming years also. India is best performer in BRICS in equity. ROE of India is better than other EM countries.

thanks everyone.

Ankit Jain.