GJ Town India

Strategic supremacy: Nayan Jani What we are facing is not only a global financial turmoil that is now likely to enter in to a battle & sooner will be a war to attain strategic supremacy! With the available ut- most fact-n- figures I estimated & encompassed, the on going crisis that could get extended until 2010 end, in my cover story: ‘ Crisis: Strategies & Policies’ in the month of January’09. Before the Crisis story I had been put the US under my perusal since 2003 while I inked in July: ‘US: a bubble like economy’ & that led me to ink full story, ‘US: a bubble like economy Dollar impending burst!’ in the May 2008. Perhaps, what I did not ink & kept under my further analysis is now looking true, de facto this is a war to hit on strategic supremacy at all fronts – nations to nations, industry to industry & players – players. Financial Paradox: Now this is the financial

Nosh-up Jewellery brands @ home Nayan Jani Serious global slowdown : Recently the IMF released its WEO (World Economic Outlook) - The October 2008 report. That said, global slow down amid most dangerous financial crunch since 1930s has been arrived that will pip growth in many developed economies until mid- 2009. It also will effect upon a growth rate of fastest developing economies! The projected global growth is just 3% for the year 2009 & that is about 40% lower than the year 2007. The growth rate of the US that was of 2% in 2007 is projected for the year 2009 by the IMF is just 0.1%, equally Euro Area collectively is projected 0.2% for the year 2009 that was of 2.6% in 2007! Out of these Euro Player nations Spain, Germany, Italy and also the UK could register a negative growth rate. Emerging Economies & India: Accordingly emerging & developing economies including BRIC nation’s economy

Today resource rich African nations have realized & said that the India is our age-old-staunch partner! That may be learned from China or else makes no difference, ground reality is that India could manage a ‘state-led-delegation’ to deal Africa. That was April 26-27, 2007-the GJEPC organized the second international diamond conference, ‘Mines to Market’. I derived my conclusion that an aggressive attempt has been taken by the GJ industry to source rough directly form mines. Equally, Jairam Ramesh, union state minister for commerce said that India is thinking to propose umbrella partnership to set long term relations with Africa! Here notable view is a wish to propose an umbrella partnership or to manage a ‘State-led-delegation!’ Since long not only the GJ industry but also other industries were trying to tap natural resources that could be a raw material for India from African nations. And such sourcing was not effective because any single industry could not manage African nation