U.S. and Indian Economies

Monday, November 08, 2010

Roben Farzad, senior writer for Bloomberg Businessweek, explains "quantitative easing" and is joined by Mira Kamdar, author of Planet India: The Turbulent Rise of the Largest Democracy and the Future of Our World  (Scribner, 2008), to discuss the economic significance of President Obama's trip to India.


Roben Farzad and Mira Kamdar

Comments [10]

2get real

to get real -- lots of poverty, corruption and other third world detritus up the wazoo --

but also a bigger middle class than the us (as there has been for a decade now)

Nov. 08 2010 11:24 AM

india, also has disputed borders with not just pakistan but also china, is time they start putting some efforts on getting those 2 major issues in order...

Nov. 08 2010 10:58 AM
get real

India has more poor people than the 26 poorest African nations combined.

Nov. 08 2010 10:56 AM
john from Office

India needs to resolve the issue of poverty first. For example the number of toilets per capita. It is pitiful. I saw people use the sidewalk as a toilet when I was there. It is indicative of the problems of caste and whether you care about the other guy.

The issue of pakistan is a silly argument between two begger cultures.

Nov. 08 2010 10:56 AM
Shan J. from New York City

The obscene spending on defense (ie. war) worldwide is a key aspect of the globe's broader problems - underpinning lack of investment in education, healthcare, economic development in other sectors, etc. (Not to mention the cost to peoples' lives and the environment.)

So why is defense procurement being touted so heavily by Obama/Singh on this trip?

Nov. 08 2010 10:55 AM

Oh Obama. I can't wait to see how the Republicans/Tea Party absolutely bludgeon you with your speech to the Indian Parliament, expressing full support for the United States being an open market for Indian goods and vice versa. Economically, this probably makes good sense. Politically, with the common perception that India is somehow a source of US job losses, I see this as quite stupid. Fox News must be DROOLING over this opportunity to clobber Obama again. :)

Nov. 08 2010 10:53 AM
amalgam from Manhattan by day, NJ by night

No one knows exactly the unintended consequences, but if the U.S. economy grows, bringing with it the U.S. jobs and subsequently its consumers' purchasing power, then that will assist in the rise of the global economy. At that point I don't think you'll have Brazil, China, Germany (well, not so much Germany) as critical of the QE2...

Nov. 08 2010 10:51 AM

why did the Fed make this boost public? is that required? I just assumed they were constantly printing money as sort of a fiscal rudder...

And if the publicity of the so called quant. easing itself indeed is the catalyst, then couldn't the fed state that it will -- or did -- create new cash, without actually doing it, for the same effect?

Nov. 08 2010 10:49 AM

No one takes Larry Kudlow seriously anymore. If you did the exact opposite of what he says on CNBC, you'd still have most of your nest egg.

Nov. 08 2010 10:47 AM
whoindatgarden from Brooklyn

As long as there is a vehement support for Pakistan despite all the evidence that shows Pakistan has provided complicit support to terror groups that have carried out attacks in India, the relationship with India for the U.S. will be always be viewed with apprehension.
The U.S will pay lip service to India being a permanent U.N. security council member.

Nov. 08 2010 10:41 AM

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