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  • India is apparently rising, has been for quite some time in relative terms to other global economies-so people keep harping on about. It is is my conjecture that India missed the real downturn in the global economy a couple of years back because relatively speaking people still save up to build a house, house loans are on the way up, but a credit economy is really one of recent times as the country "liberalised" and secondly because there is a parallel economy that kind of acts like a cash reserve when money circulation is tight: namely the black economy. It seems wierd that something supposedly illegal could have saved the day but I think it did. Any way, I am no expert but this is my conclusion. Of course when comes the time that money becomes defunct then all those people with stashed cash in their pillows and mattresses will wonder why they went to so much trouble.

    It's funny how certain concepts become templates of a place, a system. I drive by one of the biggest malls in Delhi- a three in one Mall catering to the upper middle class and the ultra rich with the latest designer wear from all the best designers of Italy, France and the US. I watched when they were building these malls, they were built by migrants who lived besides these structures. Sarees wrapped around bones, carrying building material on their heads, while their babies played in the tarpaulin tents besides these upcoming structures. I thought, these people will never go inside these places, they will never see what they have built. They will just move with their tarpaulin sheets to a new building site. And that would be a hallmark of development, great temples of consumption. Of an affluence, they are building but would never know of. What are the foundations of this economy or society now-for me its Tarpaulin. Can we consider replacing it with Trust. Please.

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