Indian gold sellers hit on both fronts: domestic sales and exports
Sneha Gilada After a sudden surge in demand for gold on the eve of demonetisation, which led to record high gold prices, the gold buyers seem to have all gone into hibernation. With 80% of the Indian currency turning into trash, people can no longer step into jewellery stores, making a display of wads of notes in return for the precious metal. Even straight-laced, honest tax payers seldom buy jewellery electronically. This industry has been worst hit by the cash crunch in the short term and no amount of numbers and statistics can paint this picture better than the empty jewellery stores. Shri Shravanthi Jewellers, a known name in the gold business in Southern India, saw its domestic business suffer great losses in the months after note ban as turnovers were slashed by 90%. Footfall in retail stores witnessed an all-time low, ...
China. Stagnation? Not yet. (Not yet?)
Steven Philip Warner | The Dollar Business A deluge of frantic arguments and fickle narrations have of late been thrown on our desks and shown on the idiot-box in connection with two nations. One rigged-yet-popular, the other, loved-by-gods-yet-bullied-by-men. In the three weeks leading to July 8, 2015, stock markets in China blew up 14 Greeces in market value! So, let’s focus on a $7 trillion economy and push aside a debt-laden economy – one that accounts for less than 0.1% of India’s exports and 0.03% of imports – as another case of brazen idiocy on the part of its ‘eurosceptic’ political heads and subtle infatuation of both the Troika and Merkel with the ‘economic-nuke’ button. So, let’s talk China. China has been ...
Record high immigrants from India to New Zealand
The Dollar Business Bureau Indian’s have been relocating on a larger scale to the place known to keep you under the spells of beauty. The migration from India to New Zealand has seen a robust high. India and its neighbour China, have largely contributed to the net gains of 12,100 and 7,700 migrants over the year till May. The economic boom in New Zealand has succeeded in coaxing people into the country, thus booming the economy more. The latest statistics of New Zealand shows a record of 57,800 permanent and long term migrants during the year. And, it is also noted that the figures continue to see a raise over the last 10 months. And only in the month of May, ...
