In one more confusing signal to an edgy market, the dollar fell on Asia's opening. There is a bear sighted and the market is afraid of its hug. Leaks in oil prices show a spill over effect and a treacherously slippery ground for several economies. USA , the world's economic leader stalled a bit, with a big drop in hourly earnings .
As "fear creates its own ghosts which are more fearsome than fear itself", in a major relief, the World bank came out with its revised projection of 6.4 % for India a 1 % move up!. Gujarat's Vibrant effort paid off with huge investment commitments: the Make In India and Digital India campaigns seem to be received well. By 2025 India is expected to be a $ 5 trillion economy following USA & China.
With Modi committed to reforms and cutting the corrupt red tapism of India, India offers a hope for the World economy. Investors need a place to stand and Gujarat just about offered it. Among deals promised were:
a) Reliance $ 16 billion
b) SunEdison+ Adanani $ 4 billion
c) Rio Tinto: $ 2 billion
Modi has a lot of reformation to undertake to accomplish the 'quantum leap' he has promised. But he appears committed and most important of all- he is not afraid to change.
Views expressed without any risk or responsibility
As "fear creates its own ghosts which are more fearsome than fear itself", in a major relief, the World bank came out with its revised projection of 6.4 % for India a 1 % move up!. Gujarat's Vibrant effort paid off with huge investment commitments: the Make In India and Digital India campaigns seem to be received well. By 2025 India is expected to be a $ 5 trillion economy following USA & China.
With Modi committed to reforms and cutting the corrupt red tapism of India, India offers a hope for the World economy. Investors need a place to stand and Gujarat just about offered it. Among deals promised were:
a) Reliance $ 16 billion
b) SunEdison+ Adanani $ 4 billion
c) Rio Tinto: $ 2 billion
Modi has a lot of reformation to undertake to accomplish the 'quantum leap' he has promised. But he appears committed and most important of all- he is not afraid to change.
Views expressed without any risk or responsibility
No comments:
Post a Comment