Curbing Forex Trading Is Not The Solution - India
Curbing Forex trading is not the solution for correcting the economy. The Reserve Bank Of India Management has stopped trading in Currency Futures and Exchange-Traded Option Market. What the Government thinking is that with this policies they can curb the speculation between United States Dollar V/s Indian Rupee[INR]. Securities & Exchange Board of India[SEBI] has doubled the margin requirement for trading in USD$ V/s Indian Rupee[INR].
Finance Minister P.Chidambaram is already in United States of America to bring in Foreign Direct Investments to India and make roads to recovery of Indian Rupee[INR]. He's having problems to push investments in sectors like Defence, Telecom, Pharma and Retail. Indian economy is suffering from Current Account Deficit [CAD] of 4.8%, which is also ruining the value of Rupee. Imbalance Terms of Trade too plays its part. Indian Industrial Production [IIP] is not any signs of recovery. Agriculture is doing well, though it's not performing 4% growth, but it's creating a growth of 2% and apart from that Agri-lands are sold at about 200% profit to Real Estates, which Government is looking with Dumb-Eye. This will hamper future Agri-Production as there will be less amount of fertile land for Agriculture. The long term nature of Indian Economy is looking sluggish. Indian Economy was hard struck due to lack of reforms after 2011.
Foreign Institutional Investments [FII] are showing outward movement due to two reasons:- First, United States Economy which is showing signs of improvement, as its the investors mayhem, started to gain momentum. Second, Emerging Market are showing signs of deceleration like China, India, Malaysia, Indonesia, etc. Rupee hit the record low of INR 61 V/s Single United States Dollar[$]. Finance Minister has flown to United States to meet the CEO's of Microsoft, Walmart, Lockheed Martin and Boeing International. Investments of 49% in Defence from the Foreign Direct Investment[FDI] will not be good as it's opening the secrecy in the world market. Defence Minister prefer only 26% investment by FDI. Finance Minister curbs import of Gold, Crude Oil etc to ease the CAD tension.
Indian Management don't have to depend on FDI and FII's. We're far better than them technologically and financially. But the trend of selling is indepth in the ruling Government. Agriculture must improve to 4% growth per annum, which will create employment for 60% of poor population. Next, Land Reforms must be done at the earliest. If the poor section is having money, the trend with them to spend, creates growth in Industrial sector. The actual growth will be more than 10%. What Government must do is to create Small Scale Industries, good infra and modernize technology. Indian Roads do require more than USD$ 250 billion per year, automatically which will rejuvenate the ailing economy. Indian Banks are flooded with money. Let us use it. State Bank of India, Bank of Baroda, HDFC is having more than 25 Lakh Crores in investment, whereas ICICI, Union Bank, Central bank are too having more than 10 Lakh Crore in Investment. This money will be given to companies, Agriculture, Industry and Service Sector to create growth at Nominal Interest Rate. So, we don't require FDI or FII, Finance Minister.
Keyword: Indian Management
Finance Minister P.Chidambaram is already in United States of America to bring in Foreign Direct Investments to India and make roads to recovery of Indian Rupee[INR]. He's having problems to push investments in sectors like Defence, Telecom, Pharma and Retail. Indian economy is suffering from Current Account Deficit [CAD] of 4.8%, which is also ruining the value of Rupee. Imbalance Terms of Trade too plays its part. Indian Industrial Production [IIP] is not any signs of recovery. Agriculture is doing well, though it's not performing 4% growth, but it's creating a growth of 2% and apart from that Agri-lands are sold at about 200% profit to Real Estates, which Government is looking with Dumb-Eye. This will hamper future Agri-Production as there will be less amount of fertile land for Agriculture. The long term nature of Indian Economy is looking sluggish. Indian Economy was hard struck due to lack of reforms after 2011.
Foreign Institutional Investments [FII] are showing outward movement due to two reasons:- First, United States Economy which is showing signs of improvement, as its the investors mayhem, started to gain momentum. Second, Emerging Market are showing signs of deceleration like China, India, Malaysia, Indonesia, etc. Rupee hit the record low of INR 61 V/s Single United States Dollar[$]. Finance Minister has flown to United States to meet the CEO's of Microsoft, Walmart, Lockheed Martin and Boeing International. Investments of 49% in Defence from the Foreign Direct Investment[FDI] will not be good as it's opening the secrecy in the world market. Defence Minister prefer only 26% investment by FDI. Finance Minister curbs import of Gold, Crude Oil etc to ease the CAD tension.
Indian Management don't have to depend on FDI and FII's. We're far better than them technologically and financially. But the trend of selling is indepth in the ruling Government. Agriculture must improve to 4% growth per annum, which will create employment for 60% of poor population. Next, Land Reforms must be done at the earliest. If the poor section is having money, the trend with them to spend, creates growth in Industrial sector. The actual growth will be more than 10%. What Government must do is to create Small Scale Industries, good infra and modernize technology. Indian Roads do require more than USD$ 250 billion per year, automatically which will rejuvenate the ailing economy. Indian Banks are flooded with money. Let us use it. State Bank of India, Bank of Baroda, HDFC is having more than 25 Lakh Crores in investment, whereas ICICI, Union Bank, Central bank are too having more than 10 Lakh Crore in Investment. This money will be given to companies, Agriculture, Industry and Service Sector to create growth at Nominal Interest Rate. So, we don't require FDI or FII, Finance Minister.
Keyword: Indian Management
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