AxlescomelooseonIndia.docVIP

Axles come loose on Indias economic juggernaut印度经济的主要核心崩溃 (CNN) -- Amid a falling currency, slumping factory output, lackluster investment and weak orders, Indias Prime Minister Manmohan Singh looked desperately for at least some chinks of light in the economic gloom. 恰逢货币贬值,工厂产量暴跌,投资减少订单量小,印度总理Manmohan Singh 在经济萧条但还有一丝曙光时看上去很绝望. Addressing parliament, Singh struck out for the one silver lining left to his battered economy -- the falling rupee will boost exports. 在议会演讲时,Singh 给惨淡的经济留下了一丝希望—贬值的卢比将会刺激出口, To some extent, depreciation can be good for the economy as this will help to increase our export competitiveness and discourage imports, Singh said last week in a long address to lawmakers on the crisis in the Indian economy. Singh在上星期向那些对印度经济抱批评态度的立法成员发表了演讲:”某种程度上说,货币贬值对经济是有帮助的,因为它将有助于出口以及抑制进口.” Over the next few months, I expect the effects of this to be felt more strongly, both in exports and in the financial position of exporting sectors. This in itself would correct the current account deficit to some extent. “在未来的几个月里,我希望货币贬值可以强烈地刺激出口以及影响财政出口部门.同时能在某种程度上抵消财政赤字.” Whether investors will share his confidence is the question economists are asking themselves as the axles come loose on Indias economic juggernaut. 在印度经济崩溃时经济学家需要考虑的是投资者们对是否有信心. Slowing growth缓慢增长 The Purchasing Managers Index grew just 4.4% in April-June, its slowest pace for four and a half years 4月到6月的购买指数仅仅增长了4.4%,是4年半来最慢的速度. The August reading was grim, HSBC chief economist for India Leif Eskesen said in a note. Coupled with the July reading it seems clear that the economy is continuing to slow and that last weeks April- June GDP number was not the bottom. 印度汇丰银行经济总裁Leif Eskesen在记录中谈道:”8月的报表很糟糕,和7月的报表一起来看很明显经济增长在持续放缓,上个星期4到6月份的GDP总量不是最低的.” He said the recovery in growth would prove to be a drawn-out affair and would be tainted by the lingering balance of payment challenges. 他说经济恢复增长是一个长期的过程,同时将打破长期的收支平衡. Politics may get in the way of meaningful progress on struct