India's Inflation Falling does not bode well for growth.... August 2014 WPI inflation eased to 3.74% Vs 5.19 MoM. Normally you would expect industry and markets to rejoice. But sadly we live in an Emerging Economy with dire need of funds for growth. Lower inflation will force the RBI Governor's hand to lower interest rates which will make investing in India less attractive. Lower fund flows will inturn fuel disinflation and need I say more. Banks are going to have a problem with deposit growth which determines their loan growth. The next 18 months would be interesting! ECB needs to start QE soon to help Emerging Markets like India.

Rules are meant to be broken! Living in Gurgaon. Coming from the diagonally opposite part of the country I see how it would be difficult to adjust. All along, we south indians are brought up with the moral obligation of following rules. Here rules are for sissies. Meant to be bent or broken. Interesting perspective!