Economic commentators are disappointingly short on metaphors. New economic figures released last week prompted a slew of articles asking whether or not India’s economy had “turned a corner,” “cleared the woods” or begun sprouting “green shoots.” After a turbulent summer – and against the backdrop of a lingering global downturn, looming general election and a booming China – it’s no surprise that Indians, and investors, are desperate for signs that the country’s economy is “back on track.”
As the global markets flopped at the end of last week under the repeated threat of the Federal Reserve removing its support for the US economy, one market decided to go the other way – India. Continue reading “Indian Economy and stock market on different note”
In the recent past the financial media has glamorize the Free fall of the rupee and its been showcased as mere panic to the viewers, one of the major reason you should better be watching National geographic channel or Discovery.
Here are some thoughts on the financial development of India
We have reversed financial development, we have messed up the operating procedure of monetary policy, we have created chaos in the short end of the bond market, we have impeded Indian households taking refuge from high inflation by purchasing gold, we have resurrected gold smuggling, we have raised the possibility of reversing trade reforms. In return for what?
There are numerous problems that require the attention of the government. :- Continue reading “The Rupee Vs Dollar the battle we have chosen”