India Inc confronts slowdown from once-heady growth
(Reuters) - India Inc has lost its swagger. Slowing growth, stubbornly high inflation, rising interest rates, political gridlock, gloom in the West and a sliding rupee have conspired to dampen investor and corporate sentiment in Asia's third-largest economy.
Share prices are down 20 percent for the year, bad loans are on the rise, and companies are delaying big investments that would add much-needed industrial and infrastructure capacity.
Leaders of some of India's largest companies will discuss the outlook for getting the economy back on track and restoring business con ...read full article....
China And India Stoke Global Gold Demand
A few weeks ago we held our Case for Investing in Gold webcast with the World Gold Council’s (WGC) Jason Toussaint, who gave some remarkable insight into gold demand. In the East, gold is not only celebrated, acquired, worn or displayed during holidays or special occasions; it is seen as an everyday symbol of wealth.
Increases in demand from China and India have driven a 7.5 percent increase in demand for gold jewelry during the first half of the year despite a 25 percent increase in the price, according to a report released this week from GFMS. However, much of India’s potentia ...read full article....
China And India Stoke Global Gold Demand
A few weeks ago we held our Case for Investing in Gold webcast with the World Gold Council’s (WGC) Jason Toussaint, who gave some remarkable insight into gold demand. In the East, gold is not only celebrated, acquired, worn or displayed during holidays or special occasions; it is seen as an everyday symbol of wealth.
Increases in demand from China and India have driven a 7.5 percent increase in demand for gold jewelry during the first half of the year despite a 25 percent increase in the price, according to a report released this week from GFMS. However, much of India’s potentia ...read full article....
Indian firms eye huge mining investment in Afghanistan
(Reuters) - Despite increasing insecurity in Afghanistan and gun battles with Taliban rebels in the capital Kabul , Indian firms are bidding billions of dollars for a contract to mine iron ore in a central district of the country.
A consortium led by state-run Steel Authority of India (SAIL) could invest up to $6 billion in the mine, railroads and a steel plant in a race with China to lock in raw materials for two of the world's fastest-growing economies.
The bid also signals India's intention to remain engaged in Afghanistan long after 2014, when U.S.-led forces complet ...read full article....
Top 10 Reasons of Indias Economic Growth in Recent Years
India is continuing its current success for new activities that defines its move to be a world leader. While it may seem that others foresee the country as a third world status, it is the tenth largest economy in the entire global arena. Principles on the free market, introduced in 1991, helped boosted the country to its status as a leader, and though there are still problems that society has to face, it is certainly one nation on the road to be an economic might. Here are the 10 reasons to the growth the country’s economy.
10. Domestic consumption
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Poor Worst affected by price raise in all commodities
The recent rise in income levels has helped the middle class cope with higher prices, but the poor have been adversely affected. What also helped the middle class and the upper middle class was the lower spend on food as a proportion of their total income. In some segments, such as consumer durables, there has been a decrease in prices."The middle class population spends a bulk of their income on discretionary items like TV, oven etc and therefore benefit from the price decline across these categories... Given that poor households spend (a) higher propor ...read full article....
By 2015 India to Top China as Fastest Growing Economy, Morgan Stanley Says
India may overtake China as the world’s fastest growing major economy by 2015, as the South Asian nation doubles infrastructure investment and adds six-fold more workers than its northern neighbor, Morgan Stanley said.
India’s growth may accelerate to 9.5 percent between 2011 to 2015, Morgan Stanley economist Chetan Ahya said in an interview from Singapore today. India’s gross domestic product has expanded at an average 7.1 percent over the decade through the third quarter of 2009, compared with 9.1 percent in China, which surpassed Japan as the second-largest economy last quarter ...read full article....
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