Cerebral Shangrila

Thursday, July 24, 2003


Here is a Surprising find to Support my earlier post. Was Skimming through the pages of the Latest "India Today" Issue , when an article on the Indian Economy caught my eye. From a perpetual Borrower in the past , India has now transformed into a Creditor to the IMF. We have pre-payed a $3 Billion worth of Loan to the World Bank & have also lent monetary assistance to Countries like Brazil & Burundi . So does this mean that India is on the slow growthpath towards Economic progress & Independence ??


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