Planning Commission

Falling gold purchases reduce India's import bill

By Paul Ploumis | October 17, 2013

The Planning Commission of India has projected the country’s current account deficit (CAD) for the entire fiscal year to be around $40- $45 billion. This is sharply lower than the ‘red line’ target of $70 billion projected by the country’s Finance Ministry, thanks to the drastic fall in gold imports and the encouraging growth in exports.

The New Steel Silk Road

By Richard (Rick) Mills | November 3, 2011

The real point of modernizing railways, and the major reason for China's global push for High Speed Rail, is the increased movement of cargo - a shift in passenger traffic to the new high speed routes frees up space on older, now congested legacy lines.