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So are you saying 0% interest rates will solve poverty?

Well look as I said, falling rates and rising unemployment (ie 2015) is better than rising rates and rising unemployment (ie 1991).

Go to zero and sell my portfolio for gazillion

Yippieeeee, bring on some more unemployment, says all property owners.

It tells you that people are still by and large uninnovative, lazy and have no confidence to take risk. Changing rates doesn't change how innovative or productive a country is. It's merely a facilitator of money supply and money velocity (sorry too academic here), given you already have a...

Put it this way. Low rates and high unemployment is better than high rates and high unemployment.

India is a long way from booming in any shape or form like China did though.