None of the Experts Saw India's Debt Bubble Coming. Sound familiar?*
Aug 27th 2013, Jayati Ghosh
The ongoing slide of the value of the Rupee is an inevitable outcome of the debt-driven consumption bubble based growth model that the country had been pursuing.

* The article was originally published in The Guardian, 26 August, 2013.
http://www.theguardian.com/commentisfree/2013/aug/26/
india-debt-bubble-boom-bust-pattern


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