SubscribeAll Posts Tagged With: "india economy"
Could India’s Budget Issues be a Warning to Global Investors
When India unveiled its annual budget on July 6, it immediately caused a sharp drop in the rupee, as well as a 5.8% decline in the benchmark BSE Sensex stock index that had soared 55% so far this year.
The sharp reaction wasn’t a surprise: Since it including nothing about privatization, and outlined a deficit that widens to dangerous levels, the budget was nothing but bad news for investors.
Russia, by virtue of its myriad economic travails and poor overall performance, faces an equally dour near-term outlook. Given those two laggards, is it possible that the Goldman Sachs Group Inc. (NYSE:…
15Jul2009 | Money Morning | 0 comments | ContinuedIndia Starts 2009 With More Rate Cuts and Stimuli
India started the year on an actionable note by sharply cutting interest rates and unveiling another stimulus package.
The Reserve Bank of India lowered its repurchase rate by one percentage point to 5.5%, and lowered the reverse-repurchase rate by one percentage point to 4%.
Story continues below…
|
Sign up right now, and we’ll send you an important new report for free: “The Three Best Investments in Asia.” |
As part of its stimulus plan, the government eased inflation controls and raised the overseas investment limit to $15 billion from $6 billion. India’s federal government also green-lighted state-level initiatives to raise an additional $6.18…
5Jan2009 | Money Morning | 0 comments | Continued
Loading ...
