Indian Economy

WCG VP Shivaram says: Gold is ideally the best investment alternative!

World-Gold-CouncilIn the opinion of the World Gold Council (WCG) Vice-President, K Shivaram, gold is one of the safest ways to secure savings, more so in the current murky economic scenario. Gold is ideally the best investment alternative because, the equity market crash notwithstanding, it still managed to give over 28 percent returns of late!

Noting that the value of gold has never plunged to unexpected lows, Shivaram said that the recent slump in gold prices is transitory. He expects the gold prices to soar as its supply from the mines is dropping, and countries like China and Russia are adding to their quantum of gold reserves.

CII report: Expecting high level of FDI into India amid recession “unrealistic”

CII report: Expecting high level of FDI into India amid recession “unrealistic” In a recent Confederation of Indian Industries (CII) report titled 'Global Economic Crisis: India's Recovery,' the industry body has said that it would be quite "unrealistic" to expect a high level of Foreign Direct Investment (FDI) into India in the face of the ongoing global economic crisis. As such, the CII anticipates that amid recession the Foreign Institutional Investor (FII) investments would be almost negligible.

FICCI emphasizes need to revamp tourism; suggest a 13-point action program

FICCI emphasizes need to revamp tourism; suggest a 13-point action programEmphasizing that “Firming up a visa strategy is of utmost importance,” the industry body FICCI has said that in order to achieve the 10-million foreign tourists’ target prior to the 2010 Commonwealth Games, the Indian tourism sector needs to focus on an easy visa strategy, tourists’ security and infrastructural improvements.

SIAM projects industrial revival this fiscal; automakers apprehensive

Automobile ManufacturersThough the Society of Indian Automobile Manufacturers (SIAM) anticipates a revival of the industry this fiscal and accelerated growth in 2010, automobile manufacturers are apprehensive about the same.

Analysts hopeful about signs of industrial revival in near future

IndiaDespite the global downturn having delivered harsh blows to the industrial output in India - with the figures dropping for the third time in five months during February to 1.2 percent, and a rather drab March quarter - analysts are hopeful that the industrial revival might just be round the corner!

Ansari meets Kuwaiti leaders; says India’s growth process “stable and sustainable”

Indian Vice-President M. Hamid AnsariIndian Vice-President M. Hamid Ansari, who is visiting Kuwait, Tuesday met Kuwait’s Emir Sheikh Sabah Al Ahmad Al Jaber Al Sabah; the Prime Minister and Defence Minister Sheikh Jaber Mubarak Al Hamad Al Sabah; and the Kuwaiti Ministers for Oil, Foreign Affairs and Finance.