Coffeehouse for desis
Would you like to react to this message? Create an account in a few clicks or log in to continue.


india's annual gold import...

Coffeehouse for desis :: Coffeehouse :: Coffeehouse Main

Go down

india's annual gold import... Empty india's annual gold import...

Post by Guest Wed Jan 18, 2012 11:53 am

...is equal to the current account deficit.

Ajit Ranade
@ajit_ranade


13 Jan



India's annual current account deficit = annual gold import = $50bn.

today there was a slew of gloomy news about india's india-shining picture (most significantly http://www.nytimes.com/2012/01/18/business/world-bank-predicts-slower-growth-and-urges-precautions.html?ref=global-home). i asked my good friend ajit ranade, who had taught me economics 101 in college, if the gloom forecasting was a bit overblown. he tweeted:

i think bit too much. interest rates are coming down. inflation is
moderating somewhat. oil prices may be lower. (Iran??) so 7+ growth
positive

anyway, there a lot of instruments in the centre's hands to rescue the growth story. at least this is good news: http://economictimes.indiatimes.com/news/economy/foreign-trade/import-excise-duty-hike-to-fuel-gold-silver-price-rally/articleshow/11532056.cms

post UP elections, maybe UPA will forge new alliances and push the FDI bill (a harbinger for FDI in other sectors now). rupee has firmed against the dollar this year against strong FII flows.

Guest
Guest


Back to top Go down

Back to top

- Similar topics

Coffeehouse for desis :: Coffeehouse :: Coffeehouse Main

 
Permissions in this forum:
You cannot reply to topics in this forum