"It should not escape notice that gold and silver after circulating in every other quarter of the globe, come at length to be absorbed in Hinduston"
You must been heard of rupee’s steep fall in the last few days or weeks. The question that must be posed is, what it means to a common man. Of course, every macro-economic, overall economic environment, change has an impact on every citizen of its country; India is no exception for that. Well, we’ll go through the reasons for the fall, implications of falling currency and the possible solutions to control the falling rupee.
There is a saying in Hindu mythology, “there are 1...
You might have observed the first trade deficit (in first quarter of 2010) of China in the last seven years. Why has it happened?
Does the rapid growth of China will come to an end soon?
Will Chinese goods be no longer cheaper?
May be, it can happen in very near future. If you want to know why it is so, and what is happening with china just read this article. I felt the CURRENCY WAR IN CHINA would be the well suited title for this article. You’ll understand same by the end of this articl...
Now the on-going major economic problem that india is facing is not the inflation, as we got used to that, but it is the depreciation of rupee. I think I don’t need to explain who will benefit more with that and who will lose more. For those who don’t know, in simple terms, if a currency value is depreciated the importers will suffer more and the exporters will gain more. I just wanted to discuss the indian rupee devaluation history before getting into the current depreciation of rupee a...
THIRD WORLD DEBT CRISIS, I think many haven’t heard of this as I didn’t till last week. It is not the 3rd debt crisis that the world has faced (to be precise facing), as the name suggests, but it is the crisis of the third world nations. Seriously, there is a very interesting story, at least I felt it is interesting, behind the world debt crisis. We need to go back to the Second World War time to get good understanding about the roots of this crisis.
The story begins…..;)