https://economictimes.indiatimes.com/markets/expert-view/india-firing-on-most-cylinders-double-digit-real-gdp-growth-possible-ashutosh-bishnoi/articleshow/87912291.cms
“Our SIP books have been multiplying. Our own book has more than doubled in the last one year and that is saying something...
Yes I qualified the statement with India's wealth and dev level.
As that flourishes more, there will be more room for more kind of entries (and their entry being sustainable with a solid consumer base for it).
As far as I understand the failed entrants didn't make the commensurate investments...
One of these websites actually does a good job in explaining the details behind just simplistic raw numerator/denominator ratio (which on face of it looks "OK" for Turkey):
https://commodity.com/data/turkey/debt-clock/
One part goes into more detail on one part I summarised earlier here about...
Interesting sub stack to read and follow @crixus et al.
https://espionage.substack.com/p/the-curious-symmetry-of-lt-col-zahirs?r=76zzo&utm_campaign=post&utm_medium=web&utm_source=copy
Partition from empire to nationstate era is never pretty. An empire is just not a nationstate most of the time.
There is lot of strife and pain that will carry on....populations suddenly migrated or were ejected....and there is always lot of atrocity and massacres involved.
However way it was...
When a new administration comes in 2023 (hopefully for Turkey), it needs to seriously look at growing solid institutional capacity and inertia to weather stuff long term. So there is no repeat of what has occurred this time in this century so far.
This is a long complicated subject to get into...
Well it is like any price manipulation.
Exchange rate is just another price (your currency to buy another one and vice versa).
You look at demand and supply of what sets the price and you have the answer.
In archaic economy (which is simpler to understand), a big wealthy guy can say hoard...