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When Bhim Asdhir, president and chief executive of Excel Funds Management, recently visited India, he was dazzled by what he saw there. “There is so much energy and enthusiasm about the future of India,” he said, adding that the changes he noticed go beyond his personal impressions: Economic numbers also point to a revitalized country. Now, Mr. Asdhir will meet the source of this improvement:…
For the first time in more than 40 years, India's Prime Minister will be visiting Canada this week. Host Matt Galloway talked to two people who do business in India about what to expect, and what could be gained by strengthening ties with that country. http://www.cbc.ca/video/news/audioplayer.html?clipid=2663945338              
As the KOSPI index hit 2,100, the KOSPI market's several figures reached record levels. The market capitalization of the KOSPI market on April 14 was a record high of 1,318 trillion won (US$1,201 billion). This is larger than that on May 2, 2011 when the KOSPI achieved the historic high of 2,228.96 (1,250 trillion won). Comparing to three years ago, newly debuted large-cap blue chips…
WASHINGTON: India will overtake China as the fastest growing emerging economy in 2015-16 by clocking a growth rate of 7.5 per cent on the back of recent policy initiatives, pick-up in investments and lower oil prices, the International Monetary Fund (IMF) said today. "India's growth is expected to strengthen from 7.2 per cent in 2014 to 7.5 per cent in 2015. Growth will benefit from…
Prime Minister Modi was the keynote speaker at the Hannover Messe in Germany, the world’s largest trade fair – with a big message to the world that he is serious about creating a stable economic environment with speed and bold ideas. He said his government is creating a "stable economic environment that inspires confidence at home and abroad", for which it is pursuing strong fiscal…
Favorable economic and stock market conditions are leading to a surge in initial public offerings (IPOs) in India. Since mid-March, more than ten companies from a range of sectors, including banking, logistics, media and infrastructure have filed public offering documents with the Securities and Exchange Board of India (SEBI). Comparatively, in 2014-15 fiscal year the Indian market witnessed only eight IPOs, which together raised less…
The government of India has unveiled a 5-year plan to double the country’s export sales by 2019-2020, increasing India’s rank in global trade - from 2% to 3.5% by 2020. Merchandise exports currently account for about one-fifth of the country's $2 trillion economy. The new Foreign Trade Policy (FTP) for 2015-2020 replaces and consolidates existing trade promotion initiatives, focusing on reducing transaction costs for exports…
Korea continues to post a strong current account surplus in February, now for 36 straight months.  The government expects a record high current account surplus this year as Korea benefits from lower oil prices. Korea continued its current account surplus streak for the thirty-sixth straight month in February. The Bank of Korea says the surplus reached around US$6.5 billion, up over 40 percent from a…
In an interview with the Weekly Voice, Bhim D. Asdhir, President & CEO of Excel Funds Management Inc. explains that the Indian equity market is set to rise higher on the back of strong corporate earnings and accelerating economic growth. He also makes a strong case for investing in emerging markets which he says will be a better place to invest in, compared to developed…
Summary of Forbes Article “Five reasons to Invest in India” 1. Reforms According to Emerging Global Advisors of New York, reforms – including tax changes and rules changes that allow for greater absorption of foreign money into Indian companies - are the No. 1 for buying Indian equities. India’s 2016 budget announced lower corporate taxes and the merger of foreign direct and foreign institutional investment…
Malaysia and India are set to overhaul their tax systems by implementing the Goods and Services Tax (GST). It is expected that the consumption-based tax will simplify the tax regime; increase revenue collection; and boost economic growth.   Malaysia will implement the GST on April 1 – 5 years after it was first proposed - while India is expected to follow suit next year following…
There is consensus among a wide range of institutions, analysts and individuals that India could become the world’s next growth miracle. For instance, the International Monetary Fund forecasts that India is set to be the fastest-growing major economy, growing at a rate of over 8%, and surpassing China whose growth has slowed to 7%, following two decades of double-digit growth. The country’s former Central Bank…

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