Gold Silver Reports – Days after it gave India a 30 place jump in its ease of doing business ranking, the World Bank Saturday said the goods and services tax (GST) and reforms push by the government will catapult the country to high middle income economy in 30 years.
India
India’s Banks Need More Than a Bailout
Gold Silver Reports – India has long been faced with a slow-motion bank crisis. In particular, the state-controlled institutions that dominate the sector have a bad-loan ratio that’s almost twice as bad as their private counterparts. At last count, non-performing assets made up more than 10 percent of banks’ advances, and were growing ever faster.
Bond Party Set to Cool in India Amid Inflation, Fiscal Risks
Gold Silver Reports – Bond Party Set to Cool in India Amid Inflation, Fiscal Risks – The bull run in Indian sovereign bonds is petering out as accelerating inflation and the risk of worsening public finances cloud the outlook for Asia’s highest-yielding securities.
India May Raise Natural Gas Price First Time in 3 Years
Gold Silver Reports – India May Raise Natural Gas Price First Time in 3 Years – India may increase domestic natural gas prices for the first time in nearly three years, providing some relief to producers who are struggling to recover costs, a Bloomberg survey of analysts and industry participants showed.
India to Replace China as Growth Engine
Gold Silver Reports — India to Replace China as Growth Engine — India is poised to emerge as an economic superpower, driven in part by its young population, while China and the Asian Tigers age rapidly, according to Deloitte.
India’s Forex Reserves Poised to Top $400 Billion for First Time Ever
Gold Silver Reports — India’s Forex Reserves Poised to Top $400 Billion for First Time Ever — India’s foreign-exchange reserves rose past $400 billion for the first time ever, strengthening policy makers’ buffers ahead of an expected reduction in U.S. stimulus.
India Plans to Set New Gold Bourse Rules in November
Gold Silver Reports — India Plans to Set New Gold Bourse Rules in November — India plans to finalize trading specifications for the country’s new spot gold exchange in November amid a push to improve transparency in the world’s second-biggest bullion market, people familiar with the matter said.