U.S. Commits Investment in India after Polls

Discussion in 'Foreign Relations' started by Srinivas_K, Apr 16, 2014.

  1. Srinivas_K

    Srinivas_K Senior Member Senior Member

    Joined:
    Jun 17, 2009
    Messages:
    4,674
    Likes Received:
    3,351
    U.S. Commits Investment in India after Polls
    WASHINGTON: After the ongoing general elections in India, people are hoping for India's growth. With the improvement faith several U.S. companies committed to increase investments in India. "USIBC reaffirmed U.S. companies' commitment to India's growth and focused on reviving investor sentiment and cross-border collaboration in the first year post-elections," said a release after private meeting of RBI Governor Raghuram Rajan with top executives of global companies.

    The meeting was hosted by the U.S. India Business Council. The industry representatives, including several CEOs, heard from the Governor the challenges the Reserve Bank of India faces in taming inflation while promoting the growth, all in the midst of factors beyond the institution's control. Among others the meeting was attended by KKR Co-Chairman Henry Kravis, Chairman of McGraw Hill Financial Harold McGraw, and Co-CEO of Warburg Pincus Charles Kaye.
    The USIBC said the members supported RBI's financial sector reforms, including actions to further deepen India's debt capital markets toward long-term infrastructure development and manage risk. "USIBC also discussed with Governor Rajan the importance of a vibrant payments industry with competition and dialogue spurring further innovations in mobile banking, prepaid, and cash transfer remittances for SME businesses and individuals," the release said. The USIBC members welcomed the Governor's insight on opportunities for meaningful US-India collaboration in the financial sector.

    In addition to continued banking reforms, contributions of non-bank financial companies to the real economy, including those wholly-owned by foreign direct investment, were raised. "American investors are grateful for the Reserve Bank of India's leadership of the Indian economy. USIBC looks forward to continuing industry's dialogue with the RBI across capital markets, banking, payments and asset management," said USIBC Director for Financial Policy, Melissa Frakman.

    "The past year saw unprecedented volatility for Indian markets-and under Governor Rajan's able stewardship-the rupee has been one of the most stable currencies in emerging markets and globally," said the CME Group's Senior Managing Director for Foreign Exchange and Metals, Derek Sammann. CME Group is the world's leading and most diverse derivatives marketplace, headquartered in Chicago. Formed in 1975 at the request of the U.S. and Indian governments, the USIBC is the premier business advocacy organisation advancing U.S.-India commercial ties.

    INDOlink - India Business News: U.S. Commits Investment in India after Polls
     
    sesha_maruthi27 likes this.
  2.  
  3. trackwhack

    trackwhack Tihar Jail Banned

    Joined:
    Jul 20, 2011
    Messages:
    3,757
    Likes Received:
    2,573
    They are hoping for policy change that will make us a slave economy like Japan or SK. The Yunkies are in for a surprise.
     
  4. jalsa

    jalsa Regular Member

    Joined:
    Nov 27, 2012
    Messages:
    724
    Likes Received:
    442
    Location:
    Indus Land
    US has enough Lapdogs already, they don't need more @trackwhack
     
    Last edited by a moderator: May 10, 2015
  5. sesha_maruthi27

    sesha_maruthi27 Senior Member Senior Member

    Joined:
    Aug 15, 2010
    Messages:
    3,884
    Likes Received:
    1,568
    Location:
    Hyderabad, Andhra Pradesh(INDIA)
    I hope for a betterment of value of rupee and 1 dollar = 1 rupee..
     
  6. Srinivas_K

    Srinivas_K Senior Member Senior Member

    Joined:
    Jun 17, 2009
    Messages:
    4,674
    Likes Received:
    3,351
    India is diversifying its investment options, India is expecting investments from Japan, Korea, USA and some other countries.
     
  7. abhi_the _gr8_maratha

    abhi_the _gr8_maratha Senior Member Senior Member

    Joined:
    Apr 15, 2014
    Messages:
    2,194
    Likes Received:
    598
    Location:
    aurangabad
    lets think that 1 rupee =1 dollar,them the price of indian products will raise and poor countries will not select indian products and instead will buy chinese one ,number of tourist will decrease cause the domestic products will be high-priced and tourist's money will be vanished fast .and price of american and indian product will be same so people will buy american one cause of quality. Its looks quite great to have equal equation with dollar but economically it is opposite of that and the payment of workers will rise nearly 60 times
     
    Last edited: Apr 17, 2014
    sesha_maruthi27 and angeldude13 like this.
  8. sesha_maruthi27

    sesha_maruthi27 Senior Member Senior Member

    Joined:
    Aug 15, 2010
    Messages:
    3,884
    Likes Received:
    1,568
    Location:
    Hyderabad, Andhra Pradesh(INDIA)
    The only way to reduce the inflation is a strong rupee. This is my view.
     
  9. abhi_the _gr8_maratha

    abhi_the _gr8_maratha Senior Member Senior Member

    Joined:
    Apr 15, 2014
    Messages:
    2,194
    Likes Received:
    598
    Location:
    aurangabad
    a stable equation between dollar and rupee will be good nearly 1 dollar= 40-50 rupees
    and inflammation can be reduced by decreasing money available in market ie by increasing repo by governor of rbi, and by decreasing expenditure of people and by limiting import of gold
     
    Last edited: Apr 17, 2014
    sesha_maruthi27 likes this.

Share This Page