Oil prices have done something remarkable over the last half-year or so: they have barely budged.
Memories are still fresh of the chaotic climb to $147 a barrel only two summers ago, accompanied by gasoline costing $4.11 a gallon. The spike led to accusations from drivers and politicians that oil companies were price-gouging.
Ultimately, the Chinese plan to build a global network of high-speed trains would let passengers board in London and reach Beijing two days later …
As we have noted previously, China’s elite has made a huge investment in high-speed rail, with bullet trains zipping along thousands of miles of track at speeds of up to 220 miles an hour.
At EconomyWatch.com one of the things we emphasise is the unique structural position of the US in the world economy. This inbuilt advantage will help the US Dollar on a bullish run this year, according to the analysts over at ForexCare.net.
Poverty in India is a major issue. Rural Indians depend on unpredictable agriculture incomes, while urban Indians rely on jobs that are, at best, scarce.
Since its independence, the issue of poverty within India has remained a prevalent concern. As of 2010, more than 37% of India’s population of 1.35 billion still lives below the poverty line. More than 22% of the entire rural population and 15% of the urban population of India exists in this difficult physical and financial predicament.
Apparently our friend Deepak Moorjani is mentioned in a book by the ever-interesting Nomi Prins
India’s fiscal sector reforms help to raise the rate of savings and investments in India, which further enhances the productivity of public expenditure.[br]
India’s debt situation focuses on the total amount of external debts taken by the nation in a particular year, its repayments as well as the outstanding debt amounts, if any.[br]
India in 2009 witnessed a surge of FIIs hedging on the nation’s growth prospects, and bringing in over $17.46 billion in domestic equities, according to the Securities and Exchange Board of India (SEBI) data as of December 31, 2009. This is the highest ever inflow of rupees in the country in a single year, breaking the previous high of $15.9 billion in 2007. The Bombay Stock Exchange’s benchmark, the Sensex, gained more than 70% in 2009, after falling by more than 90% in 2008. India’s share of the global FDI increased from 0.78% in 2005 to 2.45% in 2008.
The industrial production growth rate in December 2009 showed an improvement in the industrial output, a rise of 17.6% vis-à-vis the weak growth witnessed in the previous months. Growth in December 2008 was negative. Output in mining, manufacturing and electricity rose by 10.7%, 19.3% and 5.4%, respectively, in December 2009, as compared to 2.2%, -0.6% and 1.6% growth, respectively, in 2008. The basic goods market grew by 7.7%, intermediate goods market by 22.7% and capital goods by 13.2%.
