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China:
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Indian government approves re-structured APDRP
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Restoration of Indo-Pak dialogue to push trade
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India-Brazil-South Africa to cooperate in health sector
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Fastest Growth for Thailand Economy in Six Quarters
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Taiwan Enjoy Expanded Trade Surplus
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Malaysia economy grows and banking liberalises
Indian Stocks Close At Record High
by Stewart DouglasThe Indian Sensex stock exchange has closed at a record high, breaking the 17,000 mark for the first time in its history as a reflection of the ongoing economic growth India has experienced over the last few years.
The leading Indian exchange gained 0.7% on the day to break 17,013, which saw a gain of 1,000 points over the last week alone off the back of ongoing economic strength in the Indian economy and widespread investment from foreign shores.
Much of the gains have been attributed to extensive foreign investment into the Indian economy in service and ancillary sectors over recent years, which many analysts are forecasting to continue for the immediate future as the worldwide economy continues to take advantage of cheaper labour costs.
The Indian economy has seen extreme growth over the last few years with substantial outside investment fuelling domestic trade and global export infrastructure. As a result, business growth and development in India has been at an all time high, leading to inflationary pressures in line with a general improvement of living standards.
Domestic demand within the economy is becoming more considerable as a supplement to the services sector and outsourcing, predominantly through technical service support sectors.
Foreign investment has been significant since the start of 2007 with foreign investors keen to splash out on stocks within the rapidly emerging economy, topping $10 billion with an expected increase to follow after the Federal Reserve interest rates have had a chance to fully take effect.
Many analysts had feared that the Indian economy would see something of a slowdown in response to the authorities’ efforts to calm inflation. However, the current levels of investment look likely to continue to fuel growth for the foreseeable future, which will inevitably lead to more inflationary pressures within the Indian economy.
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