Another of those moves by US to limit the rise of World Economies China and India. Recalibrate their economic size. Direct implications… Deficit valuation of these countries change and effectively the funds these economies can raise overseas reduces atleast in principle…  Imagine the downward revision of the economic muscle of China and India by a whooping 40% !

Further details of this World Bank report submitted in Washington is yet to be made available thro the web.  Waiting to read more!!!

So keeping the rest of the comment line for a different post.

Filed under: Politics