Other Briefings
Fluctuations in India’s Rupee Rate and its Economic Impact
Dec. 5 – After depreciating to a record low of 52.73 against the U.S. dollar on November 22, the Indian rupee (INR) rose in value to 51.206 per dollar on Friday to complete the currency’s first weekly advance since October. The Indian rupee is under great stress as overseas investors are paring their exposure to […]
India Issues Approval of FDI in Retail
Nov. 28 – India has accepted overseas companies to own as much as 51 percent of retailers selling more than one brand, paving the way for global companies such as Wal-Mart and Tesco to own stores in the country. Foreign organizations must invest at least US$100 million, half of which has to be spent on […]
Amendments in India’s Industrial Policy
Nov. 15 – The main purposes of India’s Industrial Policy of the Government are to maintain a sustained growth in productivity, to enhance gainful employment, to achieve optimal utilization of human resources, to attain international competitiveness, and to transform India into a major partner and player in the global arena. The Policy focus is on […]
India’s Trade Developments for Oct. 2011
Nov. 9 – India’s exports have recorded development of 10.8 percent during October 2011 at US$19.9 billion, while imports were at US$39.5 billion over the same period for a growth rate of 21.7 percent. As such, the trade deficit for the particular period was US$19.6 billion. Collective export figures for the tenure of April to […]
Incentives for India’s Textiles Industry
India’s Foreign Trade Policy (2009-14) announced by the Union Minister of Textiles, provides various incentives for the country’s textiles sector. The sector has been stumbling lately under financial uncertainty at the global level as well as pulls and pressures at the domestic level.
Photo: Photo: Aijaz Rahi/AP
Pakistan Grants India Most Favored Nation Status
Oct. 18 – Pakistan has decided to grant Most Favored Nation (MFN) status to India. The discussion process with India had been initiated after a gap of two years. According to the Pakistan government, the foremost priority of the country is to ensure uninterrupted dialogue with India so that the resolution of Kashmir can be […]
India Set to Overtake Japan as World’s Third Largest Economy
Sept. 20 – With Japan’s economy in the doldrums and expected to shrink following the devastating earthquake and tsunami that hit the country earlier this year, India’s 8 percent growth is likely to see it emerge as the world’s third largest economy this year, in purchasing power parity terms. India currently ranks fourth, with 2010 […]
Conducting Due Diligence on an Indian Company
While it sounds like an impressive legal term, due diligence really translates into basic rational success factors such as “thinking things through” and “doing your homework.” The good news is conducting due diligence in India doesn’t have to be expensive.
