Gauri Bhatia is in charge of developing, editing and writing feature and news articles for the website. She works with contributors and freelancers to create original content for the Asian home page and coordinates newsroom contributions. Gauri is also in charge of special reports. Her last assignment was as editor on the Asian editing desk at Platts. She was previously an assistant editor with the Edge newspaper and copy editor with Dow Jones in Singapore.
The Reserve Bank of India’s intervention in the currency market on Thursday is being viewed by some market watchers as a desperate move to prop up the currency in the absence of government policies to boost sentiment among foreign investors.
Despite gloomy economic news out of India in recent months, foreign investors have continued to bet on Indian stocks with the benchmark Sensex rising more than 12 percent since the start of the year. Analysts tell CNBC the momentum is likely to continue with stocks set to gain double-digits over the next year.
As India grapples with rapidly slowing growth, a depreciating currency and policy inaction from a weak government, the country’s huge appetite for gold is putting the economy in a precarious position. The country imported a record 969 tons in 2011, putting enormous pressure on its already ballooning trade and current account deficits.
While investors fret over the debt crisis in Europe and discuss its possible impact on Asia’s growth, one economist tells CNBC that emerging markets face a greater risk from rising oil prices than from Greece’s rising woes.
Airbus CEO Tom Enders said the company will fix problems in the wings of the A380 superjumbo, after cracks were detected last month, and said he hoped the issue won't hurt sales of the aircraft in its target markets of Asia and the Middle East.
Private equity firms looking to invest in Indian companies can hope to strike better bargains in 2012, as valuations are at a low owing to a weak stock market and the struggling rupee gives investors more for their dollar, say industry experts.
India's economy, which was relatively sheltered during the last financial crisis in 2008, is looking especially fragile this time around.