India’s Economy Up 7.9 Percent Year-on-Year
Nov. 30 – India’s economy grew at the fastest pace in 18 months during the July to September period as a surge in manufacturing helped offset a sluggish agricultural sector. The country’s gross domestic product grew 7.9 percent from a year earlier after rising 6.1 percent in the previous quarter, the Central Statistical Organization reported […]
Government to Establish Rehabilitation Package for Returning Workers
Nov. 27 – The government is in final stages to establish a ‘Return and Resettlement Fund’ initially for returning overseas Indian workers from Gulf countries who have been laid off because of the global crisis. “My ministry is working towards establishing a fund that will provide financial security to those workers who have lost their […]
United States is Largest Equities Investor in India
Nov. 26 – The United States is now India’s largest equity market investor with a net investment worth Rs 213,450,000,000 as of November 10. This represents a major shift for the United States when two years ago it was not even part of the top ten investors in the Indian stock market. Luxembourg and France […]
New Highway Construction Increases Eight Fold
Nov. 26 – The Indian government is planning to establish a national expressway authority to oversee the construction of expressways Kamal Nath, the minister for road transport and highways, said at the International Construction Equipment and Construction Technology Fair in Bangalore. Mr. Nath said the establishment of the authority would require approval of legislation by […]
India Open to FTA with United States
Nov. 25 – Prime Minister Manmohan Singh said that India is willing to consider a free trade pact with the United States similar to the one it already has with Association of Southeast Asian Nations (ASEAN). “I don’t mind exploring the possibility for a free trade agreement with the United States,” Mr. Singh said during […]
India, United States Sign Agreements on Investment, IPR
Nov. 24 – India has signed agreements on traditional knowledge, intellectual property and investment promotion with the United States during Prime Minister Manmohan Singh’s first official state visit to the country. One of the first agreements signed is a Traditional Knowledge Digital Library (TDKL) Access between the Council of Scientific & Industrial Research (CSIR) and […]
India to Push for Development of Solar Power Industry
Nov. 20 – India is taking a more aggressive stance in developing its solar-power industry by offering more subsidies for the production of renewable energy. The Ministry of New and Renewable Energy is scheduled to release a solar-power policy soon with details that will allow more solar projects to receive government funding. Ministry director, B. […]
New Issue of India Briefing: Investing in India’s Public-Private Partnerships
Nov. 19 – The new issue of India Briefing Magazine is online and can be downloaded by subscribers for free. (To apply for a complimentary subscription, please click here). In this issue of India Briefing we examine India’s public-private partnerships. The Indian economy demands massive investment in infrastructure to sustain the country’s growth. To accomplish […]