shuttler
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Indian Economy-News & Updates
- Thread starter Flintlock
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IndoCarib
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dont worry about our deficit. we have seen it before in 1991. and we emerged much stronger
shuttler
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you miss the point after your edition!
it is the scale of strike in one day and the cost to your economy! more strikes will be forthcoming as you are launching more reforms in the pipeline! does it mean something to you?!?
dont worry about our deficit. we have seen it before in 1991. and we emerged much stronger
the implication of the strike-miss deficit target - current a/c and fiscal deficits all spell bad situations looming for india in terms of credit evaluation and FDI!
shuttler
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but the last quarter is the festive period for indians to stock up gold!
shuttler
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There is an effective measure which can help relieve the damage of the last quarter gold buying frenzy on your economy.
RBI has to issue "gold redemption certificates" to your folks; thus solving the problems of buying real gold from outside and thereby absorbing the rupees from the society which help relaxing the liquidity and currency exchange pressure
RBI has to issue "gold redemption certificates" to your folks; thus solving the problems of buying real gold from outside and thereby absorbing the rupees from the society which help relaxing the liquidity and currency exchange pressure
beijing consensus
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In the first 3 quarters of 2012:
Indian gold consumption was 612 tons.
Chinese gold consumption was 605 tons.
The performance in 4th quarter will determine which country finishes the year as the worlds largest hold consumer. China has dramatically closed the gap with India. China could emerge as the largest gold consumer for the first time. China did well in Q1 and Q2 but poorly in Q3. India did well in Q3 after a slow start in Q1 and Q2.
This is according to the World Gold Council.
Indian gold consumption was 612 tons.
Chinese gold consumption was 605 tons.
The performance in 4th quarter will determine which country finishes the year as the worlds largest hold consumer. China has dramatically closed the gap with India. China could emerge as the largest gold consumer for the first time. China did well in Q1 and Q2 but poorly in Q3. India did well in Q3 after a slow start in Q1 and Q2.
This is according to the World Gold Council.
^^^ Good. Chinese buy gold when it's at it's costliest. 
There is more than 100% increase in the price of Gold in less than 4 years (i.e. in 2008.. when chinese were buying US treasuries earning less than 1% interest). Great time for chinese to buy gold.
Anyway, on the flip side... India's gold demand is consumption / emotion driven. And people "marrying now" may need to cough up more to buy gold. Even, I bought gold for marriage reasons and it sits doing nothing productive in the bank locker. Though, it earned great "nominal" returns ..... investment in shares or deposits in bank would have been more economically productive.
Hopefully, high prices will mean more money to be diverted for economically useful purposes in India.
I advice nobody to buy gold at this time.... it's historical trend of "always increasing price" is about to be broken. Gold will behave more like other commodities, in future. (I mean, that's what I believe).
In fact, for those who are not "emotionally" involved... it may be good time to sell gold and buy real estate or stock.
There is more than 100% increase in the price of Gold in less than 4 years (i.e. in 2008.. when chinese were buying US treasuries earning less than 1% interest). Great time for chinese to buy gold.
Anyway, on the flip side... India's gold demand is consumption / emotion driven. And people "marrying now" may need to cough up more to buy gold. Even, I bought gold for marriage reasons and it sits doing nothing productive in the bank locker. Though, it earned great "nominal" returns ..... investment in shares or deposits in bank would have been more economically productive.
Hopefully, high prices will mean more money to be diverted for economically useful purposes in India.
I advice nobody to buy gold at this time.... it's historical trend of "always increasing price" is about to be broken. Gold will behave more like other commodities, in future. (I mean, that's what I believe).
In fact, for those who are not "emotionally" involved... it may be good time to sell gold and buy real estate or stock.
shuttler
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we are also the no 1 gold producer
when you net off， india is in much poorer shape
Even if china exported all it's gold production to India .. it would fullfill only one-third of our annual requirement.
Cheap chinese gold is welcome.. (off course, chinese quality is always a concern. Huh !! who wants fake CPC gold !! And CPC's production figures are always "politically correct" than "actually correct"
).Though, I would still prefer if Indians buy real assets, not gold.
Indian households already carry about 18,000 tons of gold (11% of the entire world's stock), worth about 1 trillion dollars .. and unfortunately earn no interest (only a prospect of price increase in a dummy commodity).
Cheap gold is good for India, because people buy it as a consumption item and habits won't change easily.
shuttler
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Even if china exported all it's gold production to India .. it would fullfill only one-third of our annual requirement.
Cheap chinese gold is welcome.. (off course, chinese quality is always a concern. Huh !! who wants fake CPC gold !! And CPC's production figures are always "politically correct" than "actually correct"
Though, I would still prefer if Indians buy real assets, not gold.
Indian households already carry about 18,000 tons of gold (11% of the entire world's stock), worth about 1 trillion dollars .. and unfortunately earn no interest (only a prospect of price increase in a dummy commodity).
Cheap gold is good for India, because people buy it as a consumption item and habits won't change easily.
we dont need to feed cheap indian customers！no thanks！
we have our our production and consumption - both for industry and ornaments！
shuttler
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Ok, then don't export.
Eat it; it will make your blood yellow.
haha who said we are exporting! we have plenty of gourmet food in stock better worry about your kids!
Ok.. eat your "gourment, made-in-china" food of the "best, made-in-chian" quality. happy..
IndoCarib
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India is JPMorgan's top BRIC market for 2013 underweight China
Indian stocks are the top selection among the so-called BRIC nations next year at JPMorgan Chase & Co because of improving policy and easier monetary conditions.
“We remain constructive on Indian equities as we go into 2013,” JPMorgan analysts led by Adrian Mowat and Sunil Garg wrote in a report on Monday. The brokerage is underweight on China, where the “key concern is profits as capacity continues to grow faster than demand,” they said.
India is JPMorgan's top BRIC market for 2013 underweight China
