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Good News : We have jumped from No 56 in 11-12 to 71 in 14-15 in GCI Rankings,the only problem here is....we are looking in the wrong direction :lol:

The Indian economy was in the transitioning phase from Factor Driven to Efficiency Driven back in 12-13 but now its back to being a factor driven one.

Thanks to the Mr.Economist PM :rofl:

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New highs for Nifty and BSE

BSE: 27,103.97 | NSE: 8,104.85 - Live Stock Market | Share Prices | Mutual Fund India: Rediff MoneyWiz

Good News : We have jumped from No 56 in 11-12 to 71 in 14-15 in GCI Rankings,the only problem here is....we are looking in the wrong direction
The Indian economy was in the transitioning phase from Factor Driven to Efficiency Driven back in 12-13 but now its back to being a factor driven one.
Thanks to the Mr.Economist PM

I'm sure things are going to improve with the new GoI in place....

Just looking at the list of most problematic issues for doing business in India- the new GoI in the first 100 days has taken steps to at least address 7-8 of the factors.

The situation in 36-48 months will be very interesting to see....
 
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Tony Abbott launches 'New Colombo Plan' for Australian students to study in India

Pushing for his government's initiative to create greater awareness among students of Australia about the Indo-Pacific region, Australian Prime Minister Tony Abbott today said he will ensure "hundreds and thousands" of students from his country study in Indian universities from next year

A Memorandum of Understanding (MoU) was exchanged by the heads of various Australian and Indian universities to felicitate the entry of Australian undergraduates into Indian universities under the New Colombo plan.

Read more at:
Tony Abbott launches 'New Colombo Plan' for Australian students to study in India - The Economic Times
 
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^^^^
He is continuing the previous governer's policy of not giving in to political pressure to reduce interest rates. Inflation is priority to him than growth. He is great
 
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RBI Likely Buying Dollars via State-run Banks - NDTVProfit.com
The Reserve Bank of India was seen buying dollars via state-run banks to prevent further appreciation in the rupee, four traders said on Monday.

State-run banks started buying dollars aggressively likely on behalf of the central bank when the rupee hit around 60.20 levels, the strongest since July 30, traders said.

The rupee strengthened after US monthly jobs data on Friday was weaker than expected.

The RBI was likely also intervening in the forwards market to limit the impact on rupee liquidity, two traders said.

By 10:45 a.m., the partially convertible unit was trading at 60.24/25 per dollar, stronger than its close of 60.39/40 on Friday.

These days RBI is worried about Rupee appreciating,talk about a shitty job. :cheesy:
 
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Modi Effect? India Likely to Break into $2 Trillion Club - NDTVProfit.com

India could join an exclusive group of nine countries, whose annual gross domestic product (GDP) is above $2 trillion (Rs. 120 lakh crore at 60 rupee per dollar). According to Nomura, India's nominal GDP could finally breach the $2 trillion threshold this year and reach nearly $3 trillion by fiscal year 2016-17.
 
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Have Rajan and Modi Beaten Inflation in India? - India Real Time - WSJ

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  • September 11, 2014, 9:45 AM IST
Have Rajan and Modi Beaten Inflation in India?
ByAnant Vijay Kala
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Prime Minister Narendra Modi and Reserve Bank of India Governor Raghuram Rajan seem to be making all the right moves for the economy as inflation rates may have eased to five-year lows last month, economists say.

A survey of 13 economists by The Wall Street Journal predicted that food and fuel inflation rates continued to slow in August, despite months of hand wringing about how weak monsoon rains could lead to higher food prices and trouble in the Middle East could push up fuel prices.

The median estimate of the economists was that wholesale price inflation slipped to 4.40% in August from 5.19% in July. If their prediction is correct, it would be the lowest wholesale inflation rate India has seen since 2009.

The economists estimated that the country’s consumer inflation would ease to 7.80% in August from 7.96% in July. The government is scheduled to release the official consumer inflation figures on Friday and the wholesale inflation numbers on Monday.

A late but significant pick-up in seasonal rainfall has brightened hopes that price pressures will continue to ease, keeping inflation in line with the central bank’s targets. The RBI wants to see consumer inflation no higher than 8% by January.

“A revival of monsoon rainfall as well as a favorable base effect are expected to moderate retail inflation between September and November,” said Aditi Nayar, senior economist at rating firm ICRA, a unit of Moody’s.

India’s June-through-September rainy season started late and initially was far below the 50-year average. Economists and weather watchers were worried that agricultural output would be hurt as most farmers in the country depend on the monsoon for irrigation.

“The concerns due to a bad monsoon are usually overblown,” said Dhananjay Sinha, head of institutional research with Emkay Global Financial Services.

Heavy rains in the last month have erased most of the water deficit for the year. New Delhi has also helped by releasing government food stocks to keep prices low.

Stability in global oil prices and the strength of the rupee have also helped keep prices from rising faster, said Radhika Rao, an economist at DBS Bank.

To be sure, the harvest from the crops which have been watered by the monsoon could still be bad and the oil prices could still surge, triggering fuel price inflation again. Still economists are cautiously optimistic that inflation seems to be under control and getting better.

“Gradual disinflation is underway,” said Ms. Rao.
 
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And unless we start a chip fab plant, our chip import bill will exceed our oil import bill after a decade or two.


You aren't alone, China's chip import bill also exceed oil bill, and that is despite the fact we have many fabs already.
 
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