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Indian Economic Crisis

Indian Economy Faces Crisis: From Boom to Bust?

Sheldon Filger | Posted 11.05.2013 | World
Sheldon Filger

In a self-perpetuating cycle of gloom, lack of confidence has led to capital flight, sparking a market-induced devaluation of India's currency, the rupee. The collapse of the rupee has in turn sparked a large increase in the country's energy imports, especially oil.