This article focusses on how a fall in the rupee can affect the budget of an Indian & a Non Resident Indian. A fall in the domestic currency works in opposite directions for the a resident and a non resident.
India has one of the largest and fastest growing economes. It is one of the members of BRICS and forms a part of G-20. With a huge population, India now faces a high Inflation rate of 9.39% (CPI) as in April 2013 and a high CAD (Current Account Deficit). Eurozone crisis and in-house politics worsen matters further. Is all well in India? A brief & closer look at what is happening.
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.
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[…]
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[…]
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[…]
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[…]