Archive for October, 2007

This weeks hot news is that the sensex, had hit 20,000 points for the first time , making India: 20th nation in the world to touch 20,000-mark. But what dirves this success.. without doubt FII money.

Indian stock investor makes up just a fraction of investment activity on the Indian stock market, but really Foreign Institutional Investors are the one who have really leading the Indian stock market success.

According to Bloomberg, Foreign investors have bought some $16.7 billion in Indian shares this year.

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Reserve Bank of India (RBI) has raised the cash reserve ratio of banks from 7% to 7.5%, to cut the amount of rupees in circulation in wake of the booming indian economy.
RBI expects the economy to grow 8.5% in the year to 31 March 2008.

India needs huge investments from abroad to develop and be a part of the global economy, but these need to be regulated. In order to grow we need vast amounts of capital. In the long run, I believe, India gains in globalisation, says Finance Minister P. Chidambaram

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While inaugurating the three-day conference of the ‘Fortune Global Forum’ in New Delhi , Indian PM Dr Manmohan Singh said said that”The elephant (India) which has long been commented upon as being slow and sleepy, is not just wide awake but moving forward rapidly. So rapidly that it has become imperative for the global community to notice and acknowledge its emergence on the global stage as an economy that counts.”

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