The rise and fall of India's economy

The Indian rupee has crashed over 20 per cent since May 1. The fall began at around the same time the US indicated tapering of its Quantitative Easing.

With the Indian economy at its lowest point in at least the last 20 years, have we turned from a breakout nation to a breakdown nation?

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The rise and fall of India\'s economy
Dollars out of India coinciding with the tapering of Quantitative Easing in the US in May 2013, there has been an outflow of dollars. But this has mainly been an outflow of debt money, not as much FII equity money has left India.

(Watch: The rise and fall of Indian economy)
The rise and fall of India\'s economy
India's current account deficit has swelled over 11 times since 2007. The current account deficit hit a record high of 4.8 per cent of the GDP last fiscal.

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The rise and fall of India\'s economy
India's short-term debt has swelled from $80 billion in 2007 to $170 billion in 2013. This short-term debt has to be either repaid within a year or 'rolled over'.

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The rise and fall of India\'s economy
India's top 10 indebted companies currently have a debt of Rs 6,000 billion, a six-fold increase over the figure in 2007.

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The rise and fall of India\'s economy
The rupee is among the top losers against the US dollar compared to currencies of other emerging economies. It has lost 16 per cent against the dollar since January 2013, near the bottom of the league of emerging markets.

(Watch: The rise and fall of Indian economy)
The rise and fall of India\'s economy
Along with the rupee, the Indian stock market has fallen sharply too - down by 17 per cent in US dollars since January 2013.

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The rise and fall of India\'s economy
India's fiscal deficit is ballooning. India is virtually at the bottom of the table of emerging markets.

(Watch: The rise and fall of Indian economy)
The rise and fall of India\'s economy
India's position in terms of current account deficit too is near the bottom of the table, with only South Africa and Turkey below India.

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The rise and fall of India\'s economy
Inward Foreign Direct Investment (FDI) in India has nearly halved in 2013 compared to 2008.

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The rise and fall of India\'s economy
Investment by India Inc abroad has also sharply come down, and is one-third of what it was in 2008.

(Watch: The rise and fall of Indian economy)
The rise and fall of India\'s economy
While India's current account deficit has risen sharply, India's foreign exchange reserves have fallen. India's forex reserves were a healthy multiple of the CAD earlier, today the forex cover of imports and CAD is much more precarious.

(Watch: The rise and fall of Indian economy)
The rise and fall of India\'s economy

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