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
