Obama New Immigration Policy Helps Indians

The engine of growth for the Indian economy has been the lakhs of Indians “ techies” and millions of Indian workers in the Gulf and Middle East . It is their hard earned foreign exchange that keeps the Indian economy going. The big words of Indian big  business  are really peripheral to foreign exchange earnings. India earned  nearly  US $  70 Billion in foreign exchange in 2013-14 from remittances  made by Indians  working abroad.

Pullarao Pentapati - The Coming Budget and The Indian Economy

There are a lot of expectations in India that the coming Budget on July 10, 2014 will somehow tackle all the serious issues in the Indian economy. The serious issues are inflation, stagnation in the economy, the fiscal deficit and the wide gap between exports and imports. These four issues are also related to each other.