India: In Denial or Shock?

Every new data release, comments from prominent private and public think tanks, government officials world-wide, industry heads and company CEO's, and every rational piece of analysis suggests that there is going to be a lot of pain going forward.  Those who choose to ignore or think they can avoid the fall-out are delusional.

Why are smart people in India acting and posturing like dim-wits...Something stinks.

No Need to alter 5 year growth plan - Ahluwalia

Suzuki acknowledged that the auto industry faced an uncertain future dragged down by deep troubles in the U.S. economy.

"It's impossible to tell where demand will go next year and beyond," he said. "If there's a market that's not being affected by the United States, it's not on this planet."

IMF:  Worst of Crisis yet to come