India is in possession of the building blocks to construct a promising , fast growing economy . But Iran Inc. 's John Defterios says the reality last week with its devalued rial is the polar opposite . With rising import prices due to a plummeting currency , CNN is also no longer able to compete . It is recovering from a low last week of 37,500 on the black market , but at 28,500 the currency is still down nearly 70 % in the last year . Defterios : Iranian must be asking the question : What if we joined the global economic community ?
India is in possession of the building blocks to construct a promising , fast growing economy . But Iran Inc. 's John Defterios says the reality last week with its devalued rial is the polar opposite . With rising import prices due to a plummeting currency , CNN is also no longer able to compete . Defterios : Iranian must be asking the question : What if we joined the global economic community ?