Other Briefings
Domestic Firms Head Investment Rush in India’s Fastest Growing State
A multitude of Indian companies have this week announced plans to invest in Madhya Pradesh, India’s fastest growing state. The announcements arrive on the back of new Madhya Pradesh policies to shift from an agriculture-based economy to an industry-based one, and will provide a boost to employment opportunities.
Modi Promises Further Reform at Madison Square Garden Event
During an event in New York, Indian Prime Minister Narendra Modi has said India will soon streamline its business visa regulations, creating a system that is far easier to navigate. He further added that the country’s democracy, demographic dividend and demand set it apart from others and will help boost economic growth in the future.
India’s Finance Ministry Pledges Fiscal Deficit Target Will Be Met
India’s Finance Ministry has this week promised that measures are being taken to help reduce its fiscal deficit. Finance Secretary Arvind Mayaram believes that, due to improved GDP growth, the government’s target to bring the deficit down by 4.1 percent by the end of the financial year is still well within sight.
India Signs Long Awaited Services and Investments FTA with ASEAN
India has formally signed an eagerly anticipated free trade pact in services and investments with the 10 nation ASEAN bloc. When combined with the previous 2009 agreement in goods, the deal will become a comprehensive economic partnership between India and the 10 nation ASEAN bloc.
India and Australia to Strengthen Ties through Long-Awaited Uranium Deal
Australian PM Tony Abbott, arrived in Mumbai last week and met with Indian counterpart Narendra Modi during a two-day visit aimed at boosting trade. High on the agenda was the signing of a deal for Australian uranium, which makes up an estimated 40 percent of the world’s known reserves.
Encouraging Signs for Indian Economy as Modi Completes First Quarter in Office
This week saw Narendra Modi reach his 100th day as prime minister, and early signs indicate that India’s new leader is steering the country’s economy in the right direction. Statistics released this week show a gradual rejuvenation in the Indian economy.
Japan Infrastructure Deal to Unlock Further Opportunities in India
Japan has promised it will invest approximately US$35 billion into several next-generation infrastructure projects in India, including public transportation and smart cities. This will alleviate the country’s infrastructure disadvantage, and help steer India in the right direction to maximize its vast investment potential.
Reaching the Consumer Market in India
Determining the best route for market entry or expansion into India requires careful consideration of a wide variety of factors, including the intended scope of investment, nature of business activities, tax implications, and legal liability.
