Precambrian Posted July 3, 2012 Posted July 3, 2012 A recent times of India survey showed that property prices in Indian metros are as high and in some cases higher than the major cities of Us and Europe. Agree... property price in Dubai = property price in upscale Bangalore...
Vijay.Sharma Posted July 3, 2012 Posted July 3, 2012 India should use this as an opportunity to develop our manufacturing industry and out-export China off the ****ing earth. China has artificially devalued its currency just for the sake of manufacturing. And here we are panicky panicking. Why can't we put the necessary infrastructure and technology in place to out-compete the Chinese ?I am not too keen on competing with China or for that matter any other country. I think the best way forward (and this holds true in any kind of improvement drive) is to focus on bettering yourself. India must focus on bettering itself...at some point in time we will be able to go ahead of other nations if we follow the process of self improvement
Ram Posted July 4, 2012 Posted July 4, 2012 India should use this as an opportunity to develop our manufacturing industry and out-export China off the ****ing earth. China has artificially devalued its currency just for the sake of manufacturing. And here we are panicky panicking. Why can't we put the necessary infrastructure and technology in place to out-compete the Chinese ? It is not really as simple as that. The value of your currency is directly tied to inflation and in India - inflation has been sky-high, devaluing the rupee note every single day. I cant stress this enough, but unless we reel in the diabolical explosion of real-estate prices in India (specifically the metros) and find a way to de-link the prices of essential commodities from the price of petrol (almost impossible to do), our peoples are guaranteed to have a miserable time going forward. In India, if you are a politician/govt. official, you make money off corruption. If you're a business owner, by and large, you make good money off selling goods/services. If you are a well educated person, you make money off your job. However, if you dont fall in either of those categories, ie middle-class, middle-income families, your ONLY hope of getting rich is by selling real-estate at inflated prices. That is why, families that bought property/real-estate 20-30 years ago for spare change are now selling it for 50,60, 70 lakh rupees, as that is their highway to wealth. And because there has been a surge in incomes of certain classes of people (IT, business owners, Families with at least one NRI), there has been no shortage of buyers for these properties. Unfortunately, this very tiny sliver of our population (less than 4-5%) is making life hell for the rest of the collective 95% and govt. couldnt care less as the politicians and their cronies are profiting directly from the real-estate boom. It would be sustainable if the average value of a piece of a real-estate was 3-5 times of the per-capital annual income (i.e, you need to save 3-5 years of income to buy a home). Only in India (more specifically the metros), that figure is a scary 10-15 times.
Clarke Posted July 4, 2012 Posted July 4, 2012 India should use this as an opportunity to develop our manufacturing industry and out-export China off the ****ing earth. China has artificially devalued its currency just for the sake of manufacturing. And here we are panicky panicking. Why can't we put the necessary infrastructure and technology in place to out-compete the Chinese ? Its not just the currency. Even if our leadership did have the drive to do so, what you're basically competing with is the following: - slave labor that sometimes prefers jumping off the building to end their life or dies after a 36 hr shift. - *****y environmental standards that fill your financial capital with smog & pollute the air and water to no end. We face the same problems as well but to a much lesser extent. Our growth has to take its own course and be somewhat sustainable.
adi B Posted July 6, 2012 Posted July 6, 2012 both the PM`s are responsible for this (pranab mukherjee and PM)
jusarrived Posted July 6, 2012 Posted July 6, 2012 Getting FDI into Indias retail and aviation market as well as removing subsidies to balance the budget would probably be a big first step. Thankfully Manmohan Singh knows this but their is way too much special interest even within his own party that are preventing even these minor reforms to pass. This is what the west/developed counties want India to do & hopefully we dont fall into that trap . reforms are good , but blindly opening up will only have short term gains & make us more dependent on Europe n US .
Vijay.Sharma Posted July 6, 2012 Posted July 6, 2012 This is what the west/developed counties want India to do & hopefully we dont fall into that trap . reforms are good ' date=' but blindly opening up will only have short term gains & make us more dependent on Europe n US .[/quote']Agreed. I think our growth should be driven thru internal initiatives and projects. We need to become strong, power will automatically come to the strong. I think the government can learn a thing or two from the BCCI...tap the potential fo the local market to become strong internally. When you are strong internally then outsiders will make you powerful by letting you influence them
ravishingravi Posted October 4, 2012 Posted October 4, 2012 Govt. has taken some very bold steps and the results are there to see. Below 52 at this point. Sensex above 19000
gs Posted October 4, 2012 Posted October 4, 2012 Govt. has taken some very bold steps and the results are there to see. Below 52 at this point. Sensex above 19000 Temporary spike in response to the knee jerk reforms motivated by the 2014 elections. Expect this to lose steam in the near term.
ravishingravi Posted October 5, 2012 Posted October 5, 2012 :(( **** Haramkhor. :) Btw Cabinet has passed some very important reforms. It will come down further maybe 50 by next two weeks.
Silva Posted October 7, 2012 Posted October 7, 2012 India Rupee Completes Fifth Weekly Gain on SinghÃÔ Policy Push http://www.businessweek.com/news/2012-10-05/india-rupee-completes-fifth-weekly-gain-on-singh-s-policy-push IndiaÃÔ rupee rose for a fifth week, the longest winning streak since February, as global funds bought more of the nationÃÔ stocks on speculation the governmentÃÔ policy changes will spur economic growth. Prime Minister Manmohan SinghÃÔ cabinet yesterday approved proposals allowing overseas companies to own as much as 49 percent of insurers and permitted foreign investment in pension funds for the first time. The bills, which will need parliamentary consent, follow steps announced in September to cut the budget deficit and attract capital. ŵhe wave of positive reforms from India has caught the marketÃÔ attention, analysts at Citigroup Inc., including Singapore-based Gaurav Garg, wrote in a research report. ŵhe outperformance of the rupee to other regional peers is here to stay as the reform juggernaut keeps rolling. The rupee advanced 1.9 percent this week to 51.8550 per dollar in Mumbai, the best performance among Asian currencies, according to data compiled by Bloomberg. It dropped 0.2 percent today, erasing losses after earlier touching 51.3875, the strongest level since April 18. The currency will strengthen to 50 in the coming months, according to Citigroup, which recommends buying the rupee against SingaporeÃÔ dollar and the South Korean won. One-month implied volatility, a measure of exchange-rate swings used to price options, rose 10 basis points, or 0.10 percentage point, to 11 percent. The gauge has fallen 40 basis points this week, the largest drop in a month. Stock Inflows Global funds added $4.1 billion to holdings of Indian shares last month, the biggest inflow since February, after Singh cut fuel subsidies, opened retailing and airlines to foreign investors, and reduced a tax on local companies overseas borrowing to 5 percent from 20 percent. Offshore investors bought a net $199 million of equities in the first three days of this month, exchange data show. The currency dropped today as Indian stocks fell after erroneous orders led to a plunge and halt in trading on the S&P CNX Nifty Index that briefly erased about $58 billion in value. Three-month onshore rupee forwards were at 52.83 a dollar, compared with 52.80 yesterday, and offshore non-deliverable contracts were at 52.61 from 52.57. Forwards are agreements to buy or sell assets at a set price and date. Non-deliverable contracts are settled in dollars.
Silva Posted October 7, 2012 Posted October 7, 2012 This is what the west/developed counties want India to do & hopefully we dont fall into that trap . reforms are good ' date=' but blindly opening up will only have short term gains & make us more dependent on Europe n US .[/quote'] Are you against allowing more FDI in retail and aviation?
Needforspeed Posted October 8, 2012 Posted October 8, 2012 I dont see the FDI in Insurance and Pension Funds getting thru Parliament in this Winter Session. Will be interesting to see how the Rupee moves if these two bills dont get implemented.
gs Posted October 8, 2012 Posted October 8, 2012 I dont see the FDI in Insurance and Pension Funds getting thru Parliament in this Winter Session. Will be interesting to see how the Rupee moves if these two bills dont get implemented. Probably breaking the Rs.60 barrier vs US$
Sachin=GOD Posted October 8, 2012 Posted October 8, 2012 I dont see the FDI in Insurance and Pension Funds getting thru Parliament in this Winter Session. Will be interesting to see how the Rupee moves if these two bills dont get implemented. they will most probably pass.
Recommended Posts