presentation on dubai

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MAHAKAL INSTITUTE OF TECHNOLOGY AND SCIENCE SESSION 2009-10 PRESENTATION ON GUIDED BY :- PROFF. KSHEMENDRE ARYA WHY DUBAI WORLD CRISES AND IMPACT ON INDIA SUBMITTED BY :- MARS GROUP

WHY DUBAI WORLD CRISES ? : 

WHY DUBAI WORLD CRISES ? BSE and NSE are dropped because of Dubai World Crisis. A they have to repayment their installment which was due on December of US $4.3 billion. They request their creditors to shift the installment

What is Dubai World : 

What is Dubai World Dubai World is Government Company having central role in Dubai economy during the constriction boom they borrowed the sum of US $ 60 billion for investing in real state development .This amount is the big part of UAE Loan which is Us $80 Billion

Reason why they are not able to pay : 

Reason why they are not able to pay During the reseccation people from USA and other country whom invest their money at Dubai want it back to fill their losses and they start selling their property Result of this price are fall down to 50%in last year and this year reduced 30% more Amount was expected is US $17 Trillion

Effect On India : 

Effect On India India export to UAE stood a $23.92 billion in 09 Dubai world crisis effect Real state, Baking and Constructions business. Company having exposure are:- Nagaarjun Constriction have 440 flat project in Dubai L&T invest about 20 crore Dollar Voltas of about 400 crore India Bulls real state Hiranandani Group Omex City Group

Slide 7: 

Mumbai with dubai world port operator DP world which planned to invest of US $12 billion in indian container terminal industry can do struggle Kerela finance minister said that they major impact on state economy Project smart city and vallarpadam shipping terminal is also uncertain

Effect on Indian Bank : 

Effect on Indian Bank According to RBI Indian Bank having lesser exposure than other countries bank Bob exposure is 6.6% of their loan book SBI having 0.2% of their loan book ICICI and CBI having less percentage Branches Indian Bank having in dubai Bob:6, SBI:1, UBI:1, ICICI:1

What minister said about this : 

What minister said about this Mr. Vayalar Ravi minister Overseas affairs said that there is not panic at Proper time every thing will be normal In 2 or 3week Mr. Anand Sharma commerce Minister Said that some development Of real state in dubai will have An impact on indian economy

IMPACT ON INDIAN ECONOMY : 

IMPACT ON INDIAN ECONOMY Finance minister Mr. Pranab mukhreji state that there has been some adverse impact due to Dubai crisis .The amount involved is small exposure of indian banking system from the point of view of direct foreign investment of foreign institutional investors is limited. Hence we need not press the panic button.

SENSEX RISEN : 

SENSEX RISEN On 30 Nov Sensex increased Nifty increased Two reason could be there behind it 1.Finance minister statement 2.Indian GDP report

GDP : 

GDP In second fiscal India achieve 7.9% GDP with compare to 6.1% was in last fiscal. It was possible with government packages with good performance by all industry Pranab da said that we achieve 7% gross GDP for year 2009

GDP GRAPH : 

GDP GRAPH

Expert comment : 

Expert comment Mr. Rajesh Shah Chief investment officer at angel broking the GDP data positively surprised the market also the realization that we will not be realy by Dubai crisis and share grew up positively

A chance for India : 

A chance for India As we are now II after China with 7.9% GDP India should take two steps forward when Dubai one step backward to have better aviation tie-ups. The ACI is predicting a two per cent rise in global aviation revenues by 2011 mostly complemented by India, China and Brazil

India could became Gold hub : 

India could became Gold hub India traded US $29 billion in dubai of gold Indian government should take some step like The government must do away with import duties Allow import under open general license Allow duty free import of scrape gold

CONCLUSION : 

CONCLUSION

THANK YOU : 

THANK YOU

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