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 →

The factors affecting a country’s growth are many depending whether a country is developing, developed or under developed. India is a developing country and is moving fast towards being a developed one. Population plays a vital role in the drawing a difference between a developing and a developed country. Developing countries strive to attain a considerable degree of industrialization in relation to their populations having a low standard of living. Hence it is right to ay that there is a significant. There is a strong connection between low income and a high population growth. The definition of developed country is still debatable but usually itRead More →