Decimal Point Analytics has published its ‘Decimal Digest’ on 23rd April titled “How India can benefit from being on the currency watch list of USA?”
This article discusses the recent development of the USA adding India to its Currency Watchlist. It argues that this development presents an unprecedented opportunity by balancing out the historical trade imbalance with the USA.
It also points out two approaches to help India extinguish its trade surplus with the USA and aid its desire for rapid growth simultaneously.
One of the suggested approaches will help India reduce its dependence on certain countries for crude oil where security interests do not match trade requirements.
The second approach suggests a solution in importing high tech items from the USA which is still a cumbersome procedure.
Read the full article here
About Decimal Point Analytics
Decimal Point Analytics is a financial research & analytics company incorporated in 2003 with headquarters at Mumbai. It is an independent, management-owned company, which provides actionable analytics to financial services companies. It offers customized solutions to investment management businesses that address specific challenges. It enables these customers to supplement their operations with additional resources and augment research processes using Artificial Intelligence (AI) technologies like Machine Learning (ML), Natural Language Processing (NLP) and Big Data.
Decimal Point Analytics has a presence across 4 global locations including the United States, UK, and India.