RICH INVESTING iDEAS

 Advantages and Disadvantages of buying Electronic or Digital Gold  The history of Gold is over a thousand years. The catch on Gold is generally slightly higher on the Asian Continent. Gold is a hedging instrument against the Inflation. It is also acts as a diversified and a tool to mitigate losses in times of bad economy. It is an asset and having an intrinsic value. Generally, Gold has an inverse relationship with the USD. Gold is nominated as Central bank's Queen, where the Global debt is too high in the recent decades. When there is any uncertainty on economy or political, then the Central bank would buy more Gold on it's reserves. Historically, the Gold price in INR(Indian Rupee) has given around 990 Percent absolute returns in the past 20 years. However the yield of returns with Gold on different segment may vary. Likewise, if we invested Rs.1 Lakh in Gold instruments - Gold Bonds, Gold Funds, Gold ETF, Gold Deposit and Jewelry. The yield may be different post charges an...

 GDP India 2021 - Contracts 7.3 Percent due to Pandemic  The Country's Gross Domestic Product(GDP) fell 24.4 Percent in the first quarter of fiscal 2020-21. India's economy was hit hardest by the Covid-19 Pandemic in the April to June quarter of 2020. It then fell by 7.4 Percent in the Q2FY21 which is July - September. Due to this, the country experienced a major recession last year. In the Economic cycle, If the GDP has fallen negatively for the two consecutive quarters in general, then it is called an Economic Recession. The Country recovered slightly from the recession and grew by 0.5 Percent in the third quarter.  India's GDP grew by 1.6 Percent at the end of the fourth quarter, according to the latest report by the Central Bank. Overall, India's Gross Domestic Product - economy has fallen 7.3 Percent in the last fiscal year 2020-21.  The country's real economy, which had been somewhat paralyzed since the pre-epidemic period, is now on a growth path after the Co...