Conference On “Emerging Financial Markets”

Increasing consumption in the domestic market, high levels of saving and robust investments demands are the three pillars of the Indian economy that are still intact, according to Jayakumar Ramdass, president of the Southern India Engineering Manufacturers’ Association. Inaugurating a conference on “Emerging Financial Markets” here recently, organised by the International Centre for Finance established at the PSG Institute of Management in association with the University of Toledo, San Diego State University and Florida International University, he said that the savings were almost 35 per cent of the GDP in the country.
The average return for capitals employed in the Indian corporate sectors was about 21 per cent.
No Indian bank had approached the apex bank for recapitalisation. These were some of the factors that indicated that the Indian economy was still doing well. World markets were in ruins today. Every day there were reports of fall in employment and bankruptcies. One prime reason for this was unrestricted consumerism. Consumers were spending without earning to the same level. For instance, in the U.S., banks were giving loans to buy houses and the terms of lending were easy. As the bubble grew, the quality of lending suffered and eventually the banks realised that the borrowers were not repaying.
Foreclosures led to prices coming down. These banks got money for the lending from their borrowings from across the globe, more from countries such as China and Japan. Emerging markets were used to describe economies of countries that were not as wealthy as the developed world. The Indian economy was projected to grow at 6.5 per cent to 7 per cent and in the current global scenario, it was expected to emerge stronger. International crude oil prices had slumped. There was a drop in metal and fertiliser prices and all these meant that the import bill for India would be lower.
In terms of structural benefits, half of Indian economy was services and rest was industry and agriculture unlike the economies of Brazil, Russia or China. Andrew Solocha, Associate Professor of Finance, University of Toledo, said the recent crisis in world financial markets underlined the inter-connectivity between the emerging market and developed markets. There were unique problems in each country and these were being studied. The conference was trying to focus on the special needs of the Indian economy. The solutions for India would be different from other countries. The outcome of the conference would be shared with academicians, practitioners and policy makers.
printland5762 2p · 236 weeks ago
Custom face mask
varun · 234 weeks ago
machinerydukaan1 · 223 weeks ago
Power weeder dealers in Uttar pardesh
Power Sprayer in Uttar Pardesh
HTP Sprayer dealers in Uttar pardesh
Brush cutter in Uttar pardesh
Power Weeder
Diesel Engine in uttar pardesh
ajay · 210 weeks ago
machinerydukaan · 210 weeks ago
honda power weeder
honda power weeder in India
<a href="https://www.machinerydukaan.com/products/detail/small-power-weeder-power-tiller
">power weeder online
Greaves 1510 Diesel Engine
briggs & stratton xr2100
<a href="https://www.machinerydukaan.com/products/detail/small-power-weeder-power-tiller
">power weeder online
htp power sprayer
briggs & stratton xr550
honda power tiller
dfgfgfg55 · 188 weeks ago
ollieandjames.com · 188 weeks ago
prakriya hospital · 176 weeks ago
prakriya 13p · 176 weeks ago
peopletree · 174 weeks ago
trustwell hospitals · 173 weeks ago
trustwell hospitals · 173 weeks ago
trustwell · 173 weeks ago
trustwell hospitals · 173 weeks ago
anoopjhurani 4p · 171 weeks ago
Hip Replacement in Jaipur
Sivakumar · 169 weeks ago
anoopjhurani 4p · 169 weeks ago
Robotic Joint Replacement India
ROINET · 168 weeks ago
Are you looking for small business ideas for rural areas ? Then come and start your business with ROINET solutions. Be a partner with us and help us in serving the underserved. We provide facilities like digital banking, doorstep banking, AEPS, domestic money transfer, mini ATM, bill pay and utility services, insurance, loans, etc.
greenfield housings · 166 weeks ago
By
GreenField Housings Coimbatore
Greenfield Crown City
Greenfield Emerlard City
greenfieldhousing
greenfieldhousings@gmail.com
9750822467
royalpicks cars · 165 weeks ago
thanks for sharing
by
royalpicks self drive cars
self drive car rental in Coimbatore | self drive cars Coimbatore
self drive car rental in Theni | self drive cars Theni
self drive car rental in Chennai| self drive cars Chennai
self drive car rental in Madurai | self drive cars Madurai
self drive car rental in Trichy | self drive cars Trichy
self drive car rental in Salem | self drive cars Salem
royalpicks cars · 165 weeks ago
thanks for sharing
by
royalpicks self drive cars
self drive car rental in Coimbatore | self drive cars Coimbatore
self drive car rental in Theni | self drive cars Theni
self drive car rental in Chennai| self drive cars Chennai
self drive car rental in Madurai | self drive cars Madurai
self drive car rental in Trichy | self drive cars Trichy
self drive car rental in Salem | self drive cars Salem
ramajyothiji 6p · 156 weeks ago
vijay · 155 weeks ago
ram · 155 weeks ago
owen · 152 weeks ago