Econintersect: Here is a summary of selected news regarding India for the past week.
Investment:
Caveat Emptor: Investing In India – http://seekingalpha.com – India, with its storied history and a cradle of ancient civilization, an emerging market darling with 1.2 billion consumers, has always been a country of contrasts. While America’s disparities in income and wealth have long been the topic of several media reports, to really understand wealth disparity, one must spend significant time in India.
India ETFs Jump Following Moody’s Reiterating Country’s ‘Stable’ Outlook – http://seekingalpha.com – Shares of the WisdomTree India Earnings Fund (EPI), the largest India ETF by assets, traded higher by 1.1 percent Tuesday after Moody’s Investors Service reiterated a stable outlook on India’s sovereign debt rating.
Is It Time To Invest In India? – http://seekingalpha.com – In my experience, the Indian market works less on fundamentals and far more on foreign fund inflows. Based on that, the time to jump into the Indian stock market may be now.
Economy and RBI:
RBI Warns of Increased Risks – http://online.wsj.com – India’s central bank warns that risks in the financial system have increased in the past six months as the Asian economy grapples with slowing growth and sticky inflation.
2012 buzzwords: GAAR to lobbying; Libor to fiscal cliff – http://timesofindia.indiatimes.com – While the US economy awaits its ‘fiscal cliff’ at the end of 2012, the world of business in India this year confronted with its own maze of buzzwords that included terms like GAAR, Coalgate, OFCDs and lobbying.
New bank capital rules to start in April: RBI – http://timesofindia.indiatimes.com – India will start implementing new global capital rules for banks, known as Basel III, from April 1, 2013 rather than the beginning of January, the Reserve Bank of India said on Friday.
Infrastructure in India: RIPPP – http://www.economist.com – is an information loaded article on the infrastructure of IndiaTHERE is still time for free-market types to enjoy the journey in India that will make them feel the smuggest—that from Delhi to Chennai, the southern city of 9m people once called Madras. You leave a gleaming airport terminal in the capital, built and run by a private firm and opened in 2009.
Other stories:
The Global Car Industry: Wheels of Mixed Fortune – http://www.economist.com – America will enjoy a fourth consecutive year of growth in car sales in 2013, predicts IHS, a research firm. India and China will have further strong rises—though not at the double-digit rates seen until 2010. Brazil and Britain will suffer reverses.
India’s ultra rich: younger, richer and buying gold – http://www.mineweb.com – India has one of the fastest growing high net worth segments in the world and its members like to have gold in the kitty
