Other Briefings
India Rebuffs IMF and Predicts Stronger Growth
Oct. 14 – Indian Finance Minister P Chidambaram has strongly rejected the International Monetary Fund’s (IMF) growth forecast for India. Chidambaram has called for a review of the IMF’s methodology and pointed to what he sees as a “significant divergence between its forecasts and final numbers.” Chidambaram spoke at the IMF’s Plenary Meeting in Washington […]
India Trade Deficit Drops, Lowest Since 2011
Oct. 10 – Amid a mix of grim news coming out of India recently, a bright spot has emerged as the country’s trade deficit declined to US$6.7 billion last month from US$10.9 billion. According to the Ministry of Commerce and Industry, the deficit stood at US$17.5 billion just last year. Additionally, exports rose by 11.2 […]
City Spotlight: Chennai
Oct. 10 – Chennai is often called “the Detroit of India” as it accounts for 30 percent of the country’s automotive sector and 40 percent of auto components. Chennai, known as Madras until 1996, is the capital city of Tamil Nadu state. Considered the gateway to South India, the city has grown up around what […]
India to Become World’s Largest Infrastructure Goods Importer by 2030
Oct. 8 – According to the recently released HSBC Trade Forecast Report, by 2020 India is expected to surge past the United States as the world’s biggest importer of infrastructure goods – a position it is expected to hold until at least 2030. This is a result of the country’s increased demand for materials for […]
Mobius: India’s Growth Strategy Still Looks Positive
Emerging markets to pick up in 2014 with India leading the way Oct. 2 – Mark Mobius, the legendary investor and Head of Franklin Templeton, has highlighted a shift in investor interest back to emerging markets and to India in particular. Mobius said that India’s problems would be sorted out after elections in 2014 and […]
Royal Enfield Set to Launch New Bike in London
Sept. 29 – Royal Enfield, the classic British motorbike brand snapped up by India’s Eicher Motors in 1994 following a long British decline and eventual bankruptcy, is set to launch its first new bike in the UK since the brand effectively left Britain. Royal Enfield, which was purchased lock stock and barrel and relocated to […]
World Wealth Report: India Has Second Fastest Global Growth of Super Rich
Sept. 27 – The number of high net worth individuals (HNWI) in India rose by 22 percent last year, making it the second fastest growing population of wealthy individuals in Asia over that time, according to Capgemini and RBC Wealth Management’s 2013 World Wealth Report (WWR). A high net worth individual is someone with investable […]
India Considers Raising FDI Cap for Railway Projects
Sept. 26 – The Department of Industrial Policy and Promotion (DIPP) announced a proposed plan this week to raise the FDI cap for railway projects to 100 percent. In their cabinet note, the DIPP proposed an FDI increase for railway expansion projects and station development plans in order to boost the sector’s economic viability. “On […]
