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Tim Cook will join a star-studded list of Silicon Valley grandees who will meet Prime Minister (PM) Narendra Modi on his trip to the US later this month, the first time in three decades that an Indian PM is visiting the West Coast. An Apple spokesperson confirmed that a meeting between its CEO...
Dollar Strength Based on Interest Rate Divergence The Federal Reserve (the “Fed”) is on the verge of hiking American benchmark interest rates for the first time since June 2006. The central bank was forced to cut the Fed funds rate to an all-time low of 0.25 percent following the credit crisis of 2008. Since then, the U.S. economy has steadily climbed out of recession, prompting…
Emerging markets have contributed more than 50% of the global GDP growth over the last 20 years, a significant accomplishment, given the doubling of global GDP during this period. This contribution is forecast to increase over the next few decades as a result of superior economic growth from emerging market nations. India and China’s emergence as global economic giants will in turn produce growth for…
Leading finance officials in India remain confident that the economy there will be largely unscathed by recent turmoil in global financial markets. Fundamentally, the country is on firm footing with both production and consumption at elevated levels compared to its peers and inflation under control. Also, India’s SENSEX is still up 4.71% YTD despite outflows, exhibiting much resilience¹.
Foreign Direct Investment (FDI) in China picked up substantially last month to reach a year-over-year pace of 22%, according to the Ministry of Commerce. This number dwarfs figures recorded for both May and June, which came in at 7.8% and 5.2%, respectively. The August data is also a strong indicator that fears of a full-fledged slowdown in the world’s second largest economy may be overdone.
Since his election victory in May 2014, Narenda Modi has been true to his words to urbanize India over the next decade. Under his leadership, anti-business regulations have been relaxed, opening the door to foreign companies such as Samsung and Airbus.
Despite persistent talks of a slowdown, latest figures from the World Economic Forum show China’s voracious appetite for commodities is still very much intact. Metals used in construction, such as aluminum and copper, came in at the top of the list, where China’s share of global consumption stood at 54% and 48%, respectively.
Worries of a hard landing in China seem to be unfounded. Admittedly, gone are the days when the economy would post blockbuster, double-digit GDP figures, but growth ranging from 5-6% is still enviable in the current global climate as the consumer story there continues to develop.
Asserting that the global market turmoil was not a cause of “worry” for India, Finance Minister Arun Jaitley today said the crisis should be converted into an “opportunity” to grow by speeding up the reforms.
India has ranked nine out of 21 countries on its financial and digital inclusion efforts, according to the 2015 Brookings Financial and Digital Inclusion Project (FDIP) report. Kenya has ranked one, followed by South Africa and Brazil. Ethiopia came last on the list. The 2015 FDIP report evaluates and ranks countries based on four dimensions of financial inclusion - the country's commitment...
It is just two years since you took over. Is it back to a similar, frenetic atmosphere? No, it is not. I mean, this time you have the difference that you have the confidence that we are actually quite healthy.
India has pitched for a rating upgrade by Standard and Poor's citing strong macroeconomic indicators, low inflation and improvement in fiscal as well as current account deficits.


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