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40000000 30000000 20000000 10000000 China 0 TREND 2009-10 2008-09 2007-08 2006-07 2014-15 2013-14 2012-13 2011-12 2010-11 2015-16 Year Graph 4 Shows Trend of Import of Gold from China India’s import of the gold from china has consistently increased for the years. The demand has increased consistently till 2008-09 period but after this it has increased drastically in further years. The ability of China to sustain Gold exports is impressive,” said HSBC, “considering the economy is showing signs that growth is cooling and income growth is moderating then too good exports were observed.” India imported 104 tons of Gold from Hong Kong in April, a loss of 65 percent over March imports. This increased demand can be a result of industrialization of jewellery industry in India. In the year 2008-09 the imports remained stable and just after that in the year 2010-11 it increased at a high level. Trend Value of Import of Gold from UAE (Value in Rs. Lacs) Year Value Trend Value 2006-07 3917494.34 3655885.42 2007-08 5423319.30 6230510.69 2008-09 10592643.31 8805135.97 2009-10 9179885.04 11379761.24 2010-11 14912337.84 13954386.51 2011-12 . 16529011.79 2012-13 . 19103637.06 2013-14 . 21678262.34 2014-15 . 24252887.61 2015-16 . 26827512.88 www.theinternationaljournal.org > RJEBS: Volume: 02, Number: 09, July-2013 Page 110
30000000 20000000 10000000 UAE 0 TREND 2009-10 2008-09 2007-08 2006-07 2014-15 2013-14 2012-13 2011-12 2010-11 2015-16 Year Graph 5 Shows Trend of Import of Gold from U.A.E. U.A.E. is on a different track as compared to the other countries. Here the imports have increased and as well as decreased periodically. It can also be noticed that the little decrement has given a huge increase. In year 2009-10 period the imports decreased normally. A tonne of gold costed approximately $40 million. Merchants estimated that the minimum loss of fake gold imported by local traders is nothing less than $200 million imported. But in the year 2010-11 it again increased rapidly. As the trend line assures that the imports will incline in the future years though recently the imports will rise up gradually. Future Trends What is the likely demand trend for the future? Given the fact that gold demand is income-elastic, it would be safe to assume that demand will increase over the next decade. Also presently as the gold prices have come down. Interestingly, serious work on assessing demand for gold has been going on in India for some years now. Since gifting gold jewellery at the time of marriage constitutes the major component of demand, a ball-park estimate could be made on the basis of the number of marriages that take place annually. On the assumption of around 8 million marriages per year, and on the basis of another set of assumptions regarding gold required for marriage by families of different income groups, one arrives at a figure of little over 900 tonnes. Although this approach is appealing, one obvious difficulty in equating gold requirement with gold purchase demand arises out of the fact that it is common practice among families in India to begin accumulation of gold required for the marriage of a female child right after her birth. Nevertheless, such estimates provide some insight into this complex process.It is true that gold is facing strong and growing competition from other investments and savings vehicles. With the spread of banking, even in rural areas, which absorb about 70% of gold consumption, there is anecdotal evidence that suggests that Indian families are increasingly opting for bank deposits and gold shares as alternative items for www.theinternationaljournal.org > RJEBS: Volume: 02, Number: 09, July-2013 Page 111
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Table of Contents Articles THE GLOB
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The capital market of a country can
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Figure 1: Components of Indian Fina
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esults as regards the stability of
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10. Hasan, M., K., Haque, M., & Law
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In the first stage of development,
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References: 1. Krishnamacharyulu CS
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and the additional procedures neede
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TO FIND THE RELATIONSHIP BETWEEN ST
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Table No.8: Association between Inv
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The foremost factor to be considere
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economic and social. Some people ma
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eliance, and transparency (Gain Raj
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loans/borrowings has been invested
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Pressure Nowadays, management is in
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includes the red flags that were ex
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sec110.01). However, it did establi
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The Impact of Macroeconomic Factors
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Bajaj 2.53 0.003 4.38 0.24 1.68 -0.
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Nestle 2012 ITC 2012 Q1 -0.28 -0.28
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Suzuki 2011 .22 1.82 1.91 1.87 1.99
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performance performance From the ab
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7 FINDINGS Risk Return Analysis In
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1. Review of Literature Table 1: Su
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Building on the Markowitz framework
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NFL -4064 -8453 -2516 -3477 -1995 -
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Ochsner Robert C (1995), “Welcome
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quality measures the outcome of ser
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Out of 207 respondents, 108 respond
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check-in counters was provided. Ade
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Page 64 and 65: ABSTRACT The State-Enterprise Exper
Page 66 and 67: Source: IE Singapore 2011/2012 Sing
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Page 70 and 71: given that the market at the time o
Page 72 and 73: Dunning, J. H., & Lundan, S. 2008.
Page 74 and 75: Table 1.Gross NPA of Nationalised B
Page 76 and 77: References 1.Internet Banking in In
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Page 82 and 83: 26. Nonaka, I., & Takeuchi, H. (199
Page 84 and 85: Similarly each organization is face
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Page 88 and 89: TABLE.2. SCHEDULE OF CHANGES IN WOR
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Page 92 and 93: INTERPRETATION: The working capital
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Page 96 and 97: Corporate Governance and Sustainabi
Page 98 and 99: quality. Derivation of this index w
Page 100 and 101: Environmental, and Natural Resource
Page 102 and 103: has a deeper message, one that has
Page 104 and 105: www.theinternationaljournal.org > R
Page 106 and 107: 2010).The process of financialisati
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