econintersect.com
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
econintersect.com
No Result
View All Result

India Shows Strong Growth

admin by admin
6월 16, 2011
in 미분류
0
0
SHARES
0
VIEWS

India flag Econintersect:  China has reported indications of continued strong growth in recent data reported by GEI News, with monthly YoY gains in industrial value added (+13.3%) and retail sales (+16.9%).  But India is also showing signs of strong growth.  First quarter advance tax payments from India’s top 100 companies are 14% higher compared to last fiscal year and total corporate tax receipts are up 15% (The Times of India).   Both India and China are experiencing monetary tightening as the two countries are trying to tame mid-single digit (China) and high-single digit (India) inflation.  But both countries are continuing to show persistent economic growth.Much of the rest of the world is suffering under slowing economic growth, which was tepid to begin with.  From Reuters:

While China and India took new steps to calm fervent and inflationary economic expansions, Western powers have been preoccupied with attempts to defuse fiscal time-bombs in Greece and possibly the United States against a backdrop of tepid growth.

…..unlike in major emerging powers, which have managed a sustained and forthright policy of tightening interest rates to counter high inflation, Western central banks have shown no such coordination. 

The major powers in the west have a different set of problems that the emerging Asia powers.  According to Kurt Karl, chief U.S. economist at Swiss Re in New York, quoted by Reuters:

“Two key downside risks have increased over the past few months — the risk of a disruptive default in Greece and of a significant slowdown in the U.S”

There are concerns, however, that the apparent strength in India and China may not be sustained.  According to the Reuters Asia Corporate Sentiment Survey June 2011:

Business sentiment at Asia’s top companies fell in the second quarter, hitting its lowest since the third quarter of 2010 as rising costs and growing doubts over the strength of the global economy weighed business sentiment.

Sources:  GEI News, Reuters, The Times of India and Reuters Asia Corproate Sentiment Survey

Article by Sanjeev Kulkarni

Sanjeev Kulkarni is an entrepreneur based in Pune, India. He worked for large organizations in board level position before venturing on his own. He is currently involved as an investor in health care software company and as an investor, mentor in an automation company. Very widely traveled, he has experience of working in different geographical areas with people of varying nationalities. He did his BS from Indian Institute of Technology, Delhi.

Previous Post

WTO Chief: Globalization is Fragile

Next Post

Why the $VIX Isn’t Surging

Related Posts

Bitcoin Is Finally Trading Perfectly Like 'Digital Gold'
Economics

Bitcoin Is Finally Trading Perfectly Like ‘Digital Gold’

by admin
Namibia Will Regulate And Not Ban Crypto With New Law
Finance

Namibia Will Regulate And Not Ban Crypto With New Law

by admin
6,746 ETH Valued At $12M Was Just Burned
Economics

6,746 ETH Valued At $12M Was Just Burned

by admin
Bitcoin Is Steady Above $29,000 Awaiting US NFP Figures
Economics

Bitcoin: What Next After Consolidation Ends?

by admin
US Government Offloads Another 8,200 Bitcoin – On-chain Data
Economics

US Government Offloads Another 8,200 Bitcoin – On-chain Data

by admin
Next Post

Why the $VIX Isn’t Surging

답글 남기기 응답 취소

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

Browse by Category

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Browse by Tags

adoption altcoins bank banking banks Binance Bitcoin Bitcoin market blockchain BTC BTC price business China crypto crypto adoption cryptocurrency crypto exchange crypto market crypto regulation decentralized finance DeFi Elon Musk ETH Ethereum Europe Federal Reserve finance FTX inflation investment market analysis Metaverse NFT nonfungible tokens oil market price analysis recession regulation Russia stock market technology Tesla the UK the US Twitter

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

© Copyright 2024 EconIntersect

No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자

© Copyright 2024 EconIntersect