It took only one month for record trade-deficit of the month of September to be overtaken by another record trade deficit in October. US trade deficit jumps 4.4% in one month to end at a record high of $68.89 Billion for the month of October. More about this here.
posted by Vivek Gupta @ 8:29 AM
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This week has been very good for Indian economy. Close on the heels of Microsoft announcing $1.7 Billion dollars investment in the country, Intel has announced a $1 Billion plan in India expanding their operations siginifcantly. Cisco has also announced $1 billion investment in India. It is not the tech sector only which has seen unveiling of such grand plans. India's booming stock market has given risen to multi billion dollar opportunities for global investment banks. DSP Merril Lynch has announced significant investments and other top-tier investment banks are also close to announcing their plans. It is a boom time for Indian , if only there is some investment in manufacturing sector as well then this year would be a watershed year for indian economy.
posted by Vivek Gupta @ 12:06 PM
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I am a modest man, with much to be modest about.
