A new government in India, Cold War 2.0 and Iraq on the boil means, opinions are pouring in

I hope the poorest of the poor will see better days, and I hope our exports will increase. I hope doing business in India will become easier. I hope they will create lots of jobs.

Infosys founder, N. R. Narayana Murthy, in a philosophical mood about his expectations from the new government 

We are creating a powerful and attractive centre of economic development, a major regional market bringing together over 170 million people.

Russian President, Vladimir Putin, after the announcement of an economic union between Russia, Belarus and Kazakhstan

The new sanctions will continue to increase economic pressure on those responsible for the crisis in Ukraine. 

Canadian Prime Minister, Stephen Harper, after announcing fresh sanctions and travel bans against Russian and Ukrainian individuals 

With the collapse of the rupee, it’s been both wise and prudent on the part of Indians to own gold. To 1.2 billion people, gold represents savings and security. My guess is there’s more gold in India than anywhere else.

Money Morning Resource Specialist, Peter Krauth 

Exports have driven one-third of the economic growth in our recovery and now support over 11 million US jobs. Last year, we exported $2.3 trillion in goods and services, which was an all-time high. 

 

 

US President, Barack Obama, at Export Council meeting  

Over the six months to May, G-20 members have continued to introduce trade restrictions – albeit at a slightly slower rate than before. While some liberalising measures have also been introduced, it is clear that the coat of trade restrictions has grown a bit thicker over this period.

 

 

WTO, DG, Roberto Azevedo, On recent trade developments