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Reforms and the Resurgence of the Indian Economy
Today, India is Asia’s third and world’s seventh largest economy with $2.3 trillion GDP. The economy is pitching towards a phenomenal growth in 2015-2016. According to OECD, India witnessed strongest growth in the first quarter of the current fiscal year. On the other hand, the World Bank foresees India as the fastest growing economy of 2015-2016 at a projected rate of 7.5 per cent. The present government too is quite sanguine about the end results and expects 8.1 to 8.5 per cent economic growth by the end of the fourth quarter. A tab on growing fiscal deficit and slippery inflation, focused investment in the infrastructure sector, increase in FDI cap and the historic ‘Make In India’ campaign to entice foreign investors are some of the leading forces that have fueled the Indian economy wagon.
The Greek CrisisMy view on the Greek crisis. The problems and the effects.
Ecuador’s Exclusive Electronic Payment System: To De-Dollarization?After 15 years of taking a move in improving its monetary system, Ecuador is again changing its payment transactions, now with the help of digital currencies. The South American country’s new monetary system, which fully kicked-off last February, was the first-ever state-run electronic payment system. Last December, Ecuador’s Sistema de Dinero Electrico allowed qualifying users to set-up their accounts.
Why You Should Be Bracing for a Dual Market CrashAccording to many North American economic analyses, we’re not headed toward a bubble – we’re in one. But how is this bubble different from past bubbles and what will happen when it ultimately bursts?
Money to Resource Based Economics: Step By StepTransition away from monetary economics to a resource based economy will be a multi-step process. It will require a significant shift in the way we think about our planet and the interconnected relationships we as a species have with it, life in general and each other. As this happens we will be able to implement a plan for change which will make the transition as smooth as possible, a plan that might look something like this.
