As the dollar plumetted, I am sure lot of the economists were going "told you so"..As has been well known the strong dollar was not sustainable given the huge US deficits..but quietly behind the scenes a lesser known fact dawned. India has now become the 12th nation in the world to join the Trillion dollar economy club at least at these dollar levels..I had noticed that it was skirting at 900 bil levels for some time but never thot the D Day would come so soon..
Oh well...It has...Another sleeping giant has gotten up...
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