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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (1634)	6/23/1998 8:25:00 PM
From: sea_biscuit	Respond to of 12475

No, we are NOT back to the "good old days" of Indo-Soviet Friendship Treaty etc. etc. Russia wants green-backs and is very, very eager to sell arms to India in order to earn hard currency. Today's Russia won't accept wheat or rice or rupee or rouble from India in exchange for its arms, like the erstwhile Soviet Union used to in the past. No wonder that Russia (along with France and the UK) were reluctant to join US in imposing sanctions on India. Not because of any love or respect towards India as some would like to think, but because in India, they noticed a customer with a "oon paapiyon ko jhala kar raakh kar denge!" mood. And what better time than now to sell all those MiGs, Mirages and Jaguars :-) India is likely to fritter immense amounts of its foreign exchange reserves on arms purchases (and on defending the exchange rate of the rupee) and will probably find itself in a big mess within a year... Dipy.