India’s Short-Term Debt Increases 500% In Ten Years
Indian Prime Minister Manmohan Singh’s speech and aggressive dollar selling have pulled the rupee back from its lowest point in four years, but underlying weaknesses in the Indian economy are causing investors to pull even more hard currency out of India. With the beginning of Fed tapering in the near future, India could struggle to finance the short-term debt that now makes up a quarter of its total external debt.
Rise in India's current account deficit
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