With the financial turmoil all across economies, Brazil, Russia, India, China and South Africa( popularly known as BRICS) remain the largest contributor in the world’s GDP i.e. 25% of global GDP and also 40% of the world’s population. With the recent meet in Durban, many contrast views have been expressed regarding to the aims and objectives of BRICS and whether it will be big as G7 by 2025 This article highlights a review on the same and its comparison to the Euro zone.Read More →

From 1980 to 2012, India’s economy has come a long way. The regulatory structure of the economy and many sectors have seen a vast change. Along with a prominent services sector, the financial markets have developed too.They are more cushioned than before to face triggers in the economy.Foreign exchange reserves are larger and exchange rates are more market determined. In 1991 , India had an administered rate, private inflows were less and there were no dollars left for imports and hence new credits were not allowed. The government was about to default and only 3 week’s imports could be supported. Dr. Manmohan Singh, the finance ministerRead More →

A fall of domestic currency means alot to the associated country’s economy and its people. In recent times, huge fluctuations and a constant drop in the Indian currency, the Rupee, has uncovered the fact that our economy is facing hard and challenging times. Undoubtedly markets and economy suffers, but to a common man ,directly or indirectly, it hits hard on the budget, financial planning and investment strategies. This budget shift and change in the investor’s appetite works in opposite direction for Indians and Non-Resident Indians(NRIs).What is bad news to a common Indian, is definitely good news to a Non Resident Indian( NRI). For Indians: A commonRead More →

India faces a financial crisis and falling of our domestic currency ( owing alot to the Euro-crisis) is just one of the indications. In the past year, it has fallen by around 26% affecting the country’s imports.In such cases, only the central bank intervenes and that is exactly what India’s central Bank (RBI) has been doing.On June 17th 2012, RBI left the interest rates unchanged and put the market in dismay. At this point in time, India is facing some major changes like slow growth, high inflation, falling of the rupee, slowdown of Foreign Investment Inflow and Balance of payment problems. In 1980’s, India startedRead More →

Last year in November,2011, Indian Banking industry had been downgraded by Standard  & Poor’s (S & P) from stable to negative. The US credit crunch and Euro Zone crisis have had a major role to play in the downfall of some of the other major economies in the world.When asked last year on the reaction of the downgrade, the government called it of  ‘no significance’ and said that the financial system was much healthier and stronger owing to country’s  strong lending system.This rank was looked through by Financial Services Secretary D.K. Mittal who said “We are not concerned. We are not affected by the downgrade. Looking atRead More →