Is India a canary in the mine?

[ryanpatgray]

An article about the Indian economy in the Far Eastern Economic Review paints a gloomy forcast. A couple of parts of the article stood out to me as possibly predictive of what might happen (or is happening) in the United States.

@Manish Sharma and Sharif D. Rangnekar

What the prime minister and finance minister wished to ignore is India’s high rate of inflation, which has averaged around 10% through this year. What they also chose to keep out of focus has been the depreciating rupee. It costs an Indian almost 50 rupees for a dollar. At the beginning of the year, the rupee was firmer at 39 rupees to the dollar.

Seems a lot of currencies are facing inflationary problems.
And

@Manish Sharma and Sharif D. Rangnekar

Tata Motors announced the closure of three of its plants for an unspecified period. Honda Siel (Honda Motor’s Indian joint-venture company) has deferred its expansion plan and the setting up of a new plant for the production of the Jazz car.

For those who are not aware, Tata Motors is an Indian car company. Chrysler in the United States is also closing its plants in the United States for at least a month. The pattern in India seems to be the same as the United States but ahead of the United States in terms of the advancement of this economic disease. Is India a canary in the mine?

Here is the link.