wednesday tremors, page-84

as far as I'm aware the indian market is significant.. its a part of the economy, not like shanghai for example.. but I really don't know a lot about it.. reading between the lines I'd say the indian govt is reacting to the bubble since bbankie overheated the printing presses a month or so ago.. like all other markets exposed to the mighty usd.. anyway, I assume that a 10% fall will have real consequences for the countries wealth.. people will have leveraged that gain to do other stuff.. companies will have used it to expand.. taxes would have come from it.. etc etc.. and india is a major customer of aussie minerals and other commodities.. specially the growth component.. india grew at over 8% last 12/12..