you're the one who is looking "big mouthed" with the font size you used.
anyway, further proof you continue to be scared of India.
Eh.. or is it just for those 25 cents.
Indian Economy-News & Updates
- Thread starter Flintlock
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you're the one who is looking "big mouthed" with the font size you used.
anyway, further proof you continue to be scared of India.
Eh.. or is it just for those 25 cents.
IndoCarib
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Tata Steel Opens 2nd Aerospace Service Center in China
India-based Tata Steel Ltd (500470.BY) Wednesday said it has opened a second aerospace service center in the Chinese city of Xi'an to serve the growing demand for aerospace materials in the region.
Tata Steel already has an aerospace steel service center in Suzhou, which it opened in 2009. It plans to use the new center to serve a growing aerospace manufacturing base in the region, which already accounts for 40% of the total aerospace manufacturing capacity in China.
"Over 30% of our existing dispatches from Suzhou come to the Xi'an aerospace industry. Getting ourselves established here allows us to grow hand-in-hand with our customers and partners in China," said Zebin Jiang, general manager of both Tata Steel aerospace service centers in China.
The demand for aerospace material is primarily driven by supply chains for the Chinese state-owned aerospace companies COMAC and AVIC, but also includes an increasing number of collaborations and joint ventures between existing Tata Steel customers, such as Safran, Messier-Bugatti-Dowty, Rolls-Royce, Moog, Goodrich and Liebherr, and state-owned companies that feed into these, the company said.
Read more: Tata Steel Opens 2nd Aerospace Service Center in China | Fox Business
India-based Tata Steel Ltd (500470.BY) Wednesday said it has opened a second aerospace service center in the Chinese city of Xi'an to serve the growing demand for aerospace materials in the region.
Tata Steel already has an aerospace steel service center in Suzhou, which it opened in 2009. It plans to use the new center to serve a growing aerospace manufacturing base in the region, which already accounts for 40% of the total aerospace manufacturing capacity in China.
"Over 30% of our existing dispatches from Suzhou come to the Xi'an aerospace industry. Getting ourselves established here allows us to grow hand-in-hand with our customers and partners in China," said Zebin Jiang, general manager of both Tata Steel aerospace service centers in China.
The demand for aerospace material is primarily driven by supply chains for the Chinese state-owned aerospace companies COMAC and AVIC, but also includes an increasing number of collaborations and joint ventures between existing Tata Steel customers, such as Safran, Messier-Bugatti-Dowty, Rolls-Royce, Moog, Goodrich and Liebherr, and state-owned companies that feed into these, the company said.
Read more: Tata Steel Opens 2nd Aerospace Service Center in China | Fox Business
IndoCarib
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Total individual wealth in India up 6.7% amid global challenges
The total wealth in India held by individuals was Rs. 92.26 lakh crore at the end of financial year 2012, an increase of 6.7% over the previous financial year amid challenges in the global and the Indian Economy.
Total individual wealth in India up 6.7% amid global challenges says Karvy - The Economic Times
The total wealth in India held by individuals was Rs. 92.26 lakh crore at the end of financial year 2012, an increase of 6.7% over the previous financial year amid challenges in the global and the Indian Economy.
Total individual wealth in India up 6.7% amid global challenges says Karvy - The Economic Times
kurup
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India's trade volume rising with Nigeria
Lagos : Improved relations between India and Nigeria, Africa's most populous nation and a major oil exporter, have led to the trade volume between the two countries rising to $17.3 billion over the past year, Indian High Commissioner to Nigeria Mahesh Sachdev has said.
Speaking at the Indian Day celebrations at the Lagos International Trade Fair, which opened Nov 2, he said: "With bilateral trade of over $17.3 billion, India is currently Nigeria's second largest trading partner. It is hoped that India's participation will further enhance our bilateral trade."
According to statistics of the Indian Department of Commerce, the total Indian imports from Nigeria amounted to $14,622.57 million, a 35.56 percent increase over the previous year's figure of about $10,788 million.
In addition, exports witnessed a rise by 28.65 percent to about $2,700 million this year as against about $2,100 million over the previous year.
The 2012 Lagos International Trade Fair is organised by the Lagos Chamber of Commerce and Industry (LCCI), with the support and cooperation of the federal and the state governments and covers all aspects of business and economic activities in Nigeria.
Products on display at the India Pavilion include fashion garments, costume, imitation and artificial jewellery, handicrafts, wood carvings, stainless steel items and Kalamkari hand paintings.
Others are cotton silk sarees, handloom jute products, home furnishings, cotton wall-hanging, posters, banners, kitchenware, photography goods, footwear, oxygen/nitrogen plants and packing polythene.
The fair offers a unique exposition for manufacturers, suppliers, buyers and users of a wide range of goods and services as well as opportunities for investment and trade promotion and has "Promoting Trade for Sustainable Economic Transformation" as its theme for this year's fair.
It is anticipated to draw about 500,000 visitors from within and outside the country including businessmen, investors, top government officials and representatives.
India's five major exports to Nigeria include rice, which amounts to about $351 million, transport equipment (about $347 million), machinery and instrument (about $327 million), drugs, pharmaceuticals and fine chemicals (about $308 million) and electronic goods (about $286 million).
Indian Defence News - India's trade volume rising with Nigeria
Lagos : Improved relations between India and Nigeria, Africa's most populous nation and a major oil exporter, have led to the trade volume between the two countries rising to $17.3 billion over the past year, Indian High Commissioner to Nigeria Mahesh Sachdev has said.
Speaking at the Indian Day celebrations at the Lagos International Trade Fair, which opened Nov 2, he said: "With bilateral trade of over $17.3 billion, India is currently Nigeria's second largest trading partner. It is hoped that India's participation will further enhance our bilateral trade."
According to statistics of the Indian Department of Commerce, the total Indian imports from Nigeria amounted to $14,622.57 million, a 35.56 percent increase over the previous year's figure of about $10,788 million.
In addition, exports witnessed a rise by 28.65 percent to about $2,700 million this year as against about $2,100 million over the previous year.
The 2012 Lagos International Trade Fair is organised by the Lagos Chamber of Commerce and Industry (LCCI), with the support and cooperation of the federal and the state governments and covers all aspects of business and economic activities in Nigeria.
Products on display at the India Pavilion include fashion garments, costume, imitation and artificial jewellery, handicrafts, wood carvings, stainless steel items and Kalamkari hand paintings.
Others are cotton silk sarees, handloom jute products, home furnishings, cotton wall-hanging, posters, banners, kitchenware, photography goods, footwear, oxygen/nitrogen plants and packing polythene.
The fair offers a unique exposition for manufacturers, suppliers, buyers and users of a wide range of goods and services as well as opportunities for investment and trade promotion and has "Promoting Trade for Sustainable Economic Transformation" as its theme for this year's fair.
It is anticipated to draw about 500,000 visitors from within and outside the country including businessmen, investors, top government officials and representatives.
India's five major exports to Nigeria include rice, which amounts to about $351 million, transport equipment (about $347 million), machinery and instrument (about $327 million), drugs, pharmaceuticals and fine chemicals (about $308 million) and electronic goods (about $286 million).
Indian Defence News - India's trade volume rising with Nigeria
WS-10 Engine
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That's all inflation.
By your definition, Zimbabwe should have the wealthiest individuals in the world since their wealth in domestic currency increased multiple times.
Measure Indian 'wealth' by US dollars and you will realise India got poorer as your currency collapsed.
Indian 'wealth' is rising in rupees for the same reason your stock market is rising, all INFLATION due to currency collapse.
Currency collapse make you poorer, inflation gives you the illusion of 'wealth' as you have higher/bigger numbers. To noob Indians, you will not understand this. Because of your ignorance is the main reason your economy is going down the drain.
Indian economy is a basket case with high inflation, high deficits, high debt, low growth, current account deficits, currency collapse, etc.
Most African economies have better fundamentals than the Indian economy.
good analysis!
Big Mouth India can't accept the reality, Indian economy is a basket case with huge trade deficit, high inflation, high deficits, high debt, low growth, current account deficits, currency collapse
INDIC
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laman12345
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High IQ Chinese don't know about purchasing power parity.
India inflation actually near 10% and food inflation over 10%, go to fuxx off
INDIC
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IndoCarib
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India among top 5 countries in renewable energy usage
New Delhi: India is among the top five countries in terms of usage of new and renewable energy and the sector is attracting FDI worth over $10 billion every year.
“India stands among the top five countries of the world in terms of renewable energy installed capacity and at present renewable power,” New and Renewable Energy Minister Farooq Abdullah said here.
India among top 5 countries in renewable energy usage | Firstpost
New Delhi: India is among the top five countries in terms of usage of new and renewable energy and the sector is attracting FDI worth over $10 billion every year.
“India stands among the top five countries of the world in terms of renewable energy installed capacity and at present renewable power,” New and Renewable Energy Minister Farooq Abdullah said here.
India among top 5 countries in renewable energy usage | Firstpost
shuttler
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what's their unemplyment rate? 30%?
IndoCarib
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India's unemployment rate stood at 3.8% last fiscal
India's unemployment rate stood at 3.8% last fiscal - Economic Times
shuttler
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India to likely miss 2012/13 fiscal deficit target: Reuters Poll
Wed Nov 7, 2012
reuters
India will likely miss its revised fiscal deficit target for the financial year ending in March, a Reuters poll showed, putting a question mark over the country's efforts to avert a credit rating downgrade.
Under pressure from global rating agencies and its own central bank, the government unveiled a new plan last week to keep the fiscal deficit at 5.3 percent of gross domestic production (GDP) this financial year, higher than a previous target of 5.1 percent but lower than last year's 5.8 percent.
However, higher spending on fuel and fertilizer subsidies along with lower-than-estimated non-tax receipts are likely to keep the deficit at last year's levels, according to a poll of 21 economists.
That could force New Delhi to borrow an extra 400 billion rupees via bonds as early as December.
"Measures taken are fairly limited, like a reduction in the subsidy in diesel prices is modest ... and actual data until September shows that the revenue performance is very weak," said Andrew Kenningham, an economist at Capital Economics.
"Growth is not expected to pick up significantly this year so there is no reason to be optimistic that they are going to come near the target."
India's fiscal deficit is the widest among major emerging economies due to huge spending on subsidies for items such as food, fuel and fertilizer.
Subdued tax revenues in a slowing economy have aggravated fiscal strains and both Standard and Poor's and Fitch have placed "negative" outlooks on India's current BBB-minus ratings.
With the prospect of downgrade to junk status looming large, the government has announced a slew of reforms since mid-September, raising the price of subsidised fuel and fertilizer, and lifting the bar on foreign investment in the airline, insurance, pensions and retail sectors to shore up the flagging economy.
Although markets cheered those measures, 14 of 17 economists polled think the latest reforms would not avert a downgrade.
"There is a risk of a rating downgrade as the reforms were only a marginal correction in the fiscal situation," said Kenningham.
Despite the recent hikes in prices of fuel and fertilizer, the government's subsidy bill is expected to remain inflated.
According to the poll, spending on fuel and fertilizer subsidies is estimated to be 1.6 trillion rupees this fiscal year, higher than the 1.04 trillion rupees budgeted in March.
Under a new fiscal consolidation plan, New Delhi will focus on economizing existing expenditure and reducing waste.
It is reviewing budgeted expenditure at each ministry and plans to defer some spending to the next financial year beginning in April, which government officials say could save about 300-400 billion rupees.
But analysts doubt that will be enough to keep the deficit at 5.3 percent.
"Changes will need to have a longer-term beneficial impact on the fiscal situation, " Kenningham said, noting the government did not make any meaningful announcement last week.
To offset sluggish tax revenues, Finance Minister P. Chidambaram is banking heavily on proceeds from share sales in state-run companies and an auction of telecommunications spectrum.
He aims to raise 700 billion rupees through such sales and through the auction of cellphone airwaves. The poll showed economists expected only two-thirds of that amount, 480 billion rupees, to be raised.
Not only is a burgeoning fiscal deficit undermining the Reserve Bank of India's (RBI) efforts to control demand-driven price pressures, its funding requirements from domestic savings is crowding out private investment and lowering growth prospects.
In March, the government penciled in gross market borrowing of 5.7 trillion rupees for the 2012/13 fiscal year to help bridge a deficit earlier forecast at 5.1 percent.
However, Chidambaram last week said a revision in the fiscal deficit target would result in additional market borrowing up to the new level, which will amount to at least 200 billion rupees.
Last year, the government borrowed 929 billion rupees (22 percent) more than the budgeted amount to fund a deficit that overshot the original target by 1.2 percentage points.
Wed Nov 7, 2012
reuters
India will likely miss its revised fiscal deficit target for the financial year ending in March, a Reuters poll showed, putting a question mark over the country's efforts to avert a credit rating downgrade.
Under pressure from global rating agencies and its own central bank, the government unveiled a new plan last week to keep the fiscal deficit at 5.3 percent of gross domestic production (GDP) this financial year, higher than a previous target of 5.1 percent but lower than last year's 5.8 percent.
However, higher spending on fuel and fertilizer subsidies along with lower-than-estimated non-tax receipts are likely to keep the deficit at last year's levels, according to a poll of 21 economists.
That could force New Delhi to borrow an extra 400 billion rupees via bonds as early as December.
"Measures taken are fairly limited, like a reduction in the subsidy in diesel prices is modest ... and actual data until September shows that the revenue performance is very weak," said Andrew Kenningham, an economist at Capital Economics.
"Growth is not expected to pick up significantly this year so there is no reason to be optimistic that they are going to come near the target."
India's fiscal deficit is the widest among major emerging economies due to huge spending on subsidies for items such as food, fuel and fertilizer.
Subdued tax revenues in a slowing economy have aggravated fiscal strains and both Standard and Poor's and Fitch have placed "negative" outlooks on India's current BBB-minus ratings.
With the prospect of downgrade to junk status looming large, the government has announced a slew of reforms since mid-September, raising the price of subsidised fuel and fertilizer, and lifting the bar on foreign investment in the airline, insurance, pensions and retail sectors to shore up the flagging economy.
Although markets cheered those measures, 14 of 17 economists polled think the latest reforms would not avert a downgrade.
"There is a risk of a rating downgrade as the reforms were only a marginal correction in the fiscal situation," said Kenningham.
Despite the recent hikes in prices of fuel and fertilizer, the government's subsidy bill is expected to remain inflated.
According to the poll, spending on fuel and fertilizer subsidies is estimated to be 1.6 trillion rupees this fiscal year, higher than the 1.04 trillion rupees budgeted in March.
Under a new fiscal consolidation plan, New Delhi will focus on economizing existing expenditure and reducing waste.
It is reviewing budgeted expenditure at each ministry and plans to defer some spending to the next financial year beginning in April, which government officials say could save about 300-400 billion rupees.
But analysts doubt that will be enough to keep the deficit at 5.3 percent.
"Changes will need to have a longer-term beneficial impact on the fiscal situation, " Kenningham said, noting the government did not make any meaningful announcement last week.
To offset sluggish tax revenues, Finance Minister P. Chidambaram is banking heavily on proceeds from share sales in state-run companies and an auction of telecommunications spectrum.
He aims to raise 700 billion rupees through such sales and through the auction of cellphone airwaves. The poll showed economists expected only two-thirds of that amount, 480 billion rupees, to be raised.
Not only is a burgeoning fiscal deficit undermining the Reserve Bank of India's (RBI) efforts to control demand-driven price pressures, its funding requirements from domestic savings is crowding out private investment and lowering growth prospects.
In March, the government penciled in gross market borrowing of 5.7 trillion rupees for the 2012/13 fiscal year to help bridge a deficit earlier forecast at 5.1 percent.
However, Chidambaram last week said a revision in the fiscal deficit target would result in additional market borrowing up to the new level, which will amount to at least 200 billion rupees.
Last year, the government borrowed 929 billion rupees (22 percent) more than the budgeted amount to fund a deficit that overshot the original target by 1.2 percentage points.
IndoCarib
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Zambia: India's Major Source of Credible Investments
The Foreign Direct Investments (FDIs) from India to Zambia are now more than US$3 billion following the increase in the influx of Indian investors into this southern African country.
According to IBCZ, the increase in FDIs has been necessitated by Zambia's sound economic policies which have provided an attractive business environment.
Zambia's exports to India increased from $51.4 million in 2009 to $102.67 million in 2010 while India's exports to Zambia stood at $131.6 million in 2009 and $88.34 in 2010.
By February 2012, India-related investments had helped to create about 13,000 job opportunities in various sectors in Zambia.
By any standard, therefore, India today is one of the emerging economic titans in the world and developing countries, like Zambia, have a lot to benefit by promoting investments with that origin.
Already, India has registered investment presence in the banking, telecommunication, power generation, manufacturing, transport and other key sectors of the Zambian economy.
allAfrica.com: Zambia: India's Major Source of Credible Investments (Page 2 of 2)
The Foreign Direct Investments (FDIs) from India to Zambia are now more than US$3 billion following the increase in the influx of Indian investors into this southern African country.
According to IBCZ, the increase in FDIs has been necessitated by Zambia's sound economic policies which have provided an attractive business environment.
Zambia's exports to India increased from $51.4 million in 2009 to $102.67 million in 2010 while India's exports to Zambia stood at $131.6 million in 2009 and $88.34 in 2010.
By February 2012, India-related investments had helped to create about 13,000 job opportunities in various sectors in Zambia.
By any standard, therefore, India today is one of the emerging economic titans in the world and developing countries, like Zambia, have a lot to benefit by promoting investments with that origin.
Already, India has registered investment presence in the banking, telecommunication, power generation, manufacturing, transport and other key sectors of the Zambian economy.
allAfrica.com: Zambia: India's Major Source of Credible Investments (Page 2 of 2)
shuttler
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India's unemployment rate stood at 3.8% last fiscal
India's unemployment rate stood at 3.8% last fiscal - Economic Times
outdated! 2011
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