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Largest Emerging Economies, E7+SA, growth prospects and challenges

Discussion in 'World Economy' started by sunny_10, Jul 8, 2012.

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  1. Averageamerican

    Averageamerican Colonel ELITE MEMBER

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    Now India has to worry about Pakistan taking out every major city in India if India does any thing about something like the Mumbai attack., do you think that's better.
     
  2. sunny_10

    sunny_10 BANNED BANNED

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    gold has been considered as a foreign currency and USA has it as the major foreign reserve........while Indian foreign reserve at $300billion+, does means for around 7500tons of gold at the current prices :coffee:

    and here we are talking about gold holding by the Households, and it would stand at at least 30,000+ tons for Indian households. for example, India imported around 'net' 850tons+ gold during the last financial year 2012-13 as below. (which excludes gold import through smuggling too.) and you do know that India has been the largest gold importer for many many years :coffee:


    also, there was enough gold in Indian houses even at the time of freedom in 1947. even if a family doesn't have a vehicle, the main lady may show you 500gram+ gold jewelry she might have got in her marriage...... and these gold estimates would increase by at least 800tons+ every year from now onward too :tup:

    for example, even if Indian government has imposed many curbs on the gold import, gold import for the current financial year to January is as below, while 2 months are still in waiting. (excluding hefty gold smuggling seen since import duty this year too....)

     
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  3. Averageamerican

    Averageamerican Colonel ELITE MEMBER

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    India is a prime example of how drastically imports fluctuate. In 2008, India was the largest gold importer worldwide, brining in 420 tons of the precious metal. Just one year later, imports totaled only slightly more than 200 tons, a decline of more than 100 percent. High prices of gold coins, which decreased demand, were to blame. China easily slid into the top gold importer spot in 2009.
    Since that time, Slovakia has come onto the scene as a high-volume gold importer. In 2010, it imported 986 tons of gold, according to the International Trade Centre. This made it the largest importer and Egypt and Malaysia occupied the number two and three positions ahead of the U.S., which imported 656 tons last year.
    In 2010, China imported 228 tons and India brought in just 169 tons. The steadily increasing price of gold has made it unfeasible for many countries to continue the level of importing from prior years. As gold prices continue to climb, it will be interesting to see which country ends up in the top position for 2011.
    It is worth noting that being a large consumer of gold does not necessarily mean the country is a large importer. India consumes the most gold of all countries, accounting for about 20 percent of worldwide demand for the precious metal. It also has the largest gold jewelry market in the world and despite the increase in gold price, this market increased 67 percent year-over-year during the first half of 2010.
     
  4. Zeus_@21

    Zeus_@21 Major SENIOR MEMBER

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    That's the disadvantage of having your adversary along your border. It's better to kill the intruders before they draw a havoc which IA seems to be doing.
     
  5. Averageamerican

    Averageamerican Colonel ELITE MEMBER

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    It would be better if Frogs carried shotguns then they would not have to be afraid of water snakes.
     
  6. Zeus_@21

    Zeus_@21 Major SENIOR MEMBER

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    Will you elaborate??
     
  7. Zeus_@21

    Zeus_@21 Major SENIOR MEMBER

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    Though it looks like Eagles come to the frogs to train how to kill the water snakes.
    [​IMG]
     
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  8. SidKhadak

    SidKhadak REGISTERED

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    RBI’s Privatization Plan – A Fuzzy Logic or a Hidden Agenda

    At a time when the bulk of the bad loans are attributable to the private sector, it is sad that the panel had recommended public sector banks to be handed over to private hands. More than four lakh crore rupees of bad loans are due from the big private corporate and business enterprises. Given the bad track record of the private banks in our country, all the private banks should be nationalised and brought under public sector banking.

    RBI’s Privatization Plan – A Fuzzy Logic or a Hidden Agenda | Bodhita
     
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