Indian Economy will grow despite politics over policy paralysis: Lakshmi Mittal

Lakshmi Mittal 260x300 Indian Economy will grow despite politics over policy paralysis: Lakshmi MittalThe year 2012 seems to be bad for India as one by one, factor dealing with economy clean their hands for making any share in the Indian economy as modest progress scope.

Recently, Lakshmi Mittal, a successful international businessman especially known for progress of his steel company ArcelorMittal, is plan to invest its scarce capital towards other markets than his native land India, searching quicker returns.

The world’s biggest steel company’s owner disappointed from Indian paralysis policy that resulted much less scope for his planned Indian investments in steel sector where his company is the undisputed world leader, producing over 100 million tonnes a year with a staff of 2.6 lakh across 60 countries.

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International Monetary Fund flags India’s governance concerns

International Monetary Fund 300x192 International Monetary Fund flags India’s governance concernsAfter Standard & Poor’s, it’s the International Monetary Fund (IMF) which has disgraced governance issues to slow downing the business moderation project in economic growth affected investment, along with cyclical factors such as global uncertainty and policy tightening.

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S&P’s rating a timely warning: Pranab Mukherjee

Pranab Mukherjee 300x278 S&P’s rating a timely warning: Pranab MukherjeeIndia’s economy is holding ups and down from last year that resulted a huge fiscal deficit of 5.9 per cent of GDP in the fiscal year.

Seeing its slow progress on changing pattern of stock market, Ratings agency Standard & Poor’s downgraded India’s outlook to negative from stable, on Wednesday.

On December, Moody’s issued a stable outlook for India, but now it has a Baa3 rating, the minimum investment rating.

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Rupee reaches record high of Rs 54.34 per US dollar

The Indian economy has continuously sloped down as result of high inflation and downing the economy slope.

Today from a fresh report, the Indian rupee value has gone fall by 61 paise to Rs 54.32per US dollar. The rupee has fallen over 18 per cent from July.

According to the money lender and stock holder, it is for the first time in history that the value of rupee per dollar is going to be depreciated and reaching above at the Rs 54 per dollar mark.

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