By Ashoka Mody Finance Minister Arun Jaitley and Reserve Bank Governor Raghuram Rajan have been quick to declare that India is well-protected from the global turmoil. It is their job to soothe investor and public nerves. And the large foreign exchange reserves are a defense against a flight of funds from India. But this is not … Continue reading
Moody’s Investors Service lowered India’s economic growth forecast to 7 percent for 2015, from its previous estimate of 7.5 percent, as it believes that below normal monsoon rainfall will offset higher government spending and cautioned that further risks to growth stems from a slow pace of reforms. “We have revised our GDP growth forecast down to … Continue reading
Brazil, Russia, India and China have shown tremendous determination and co-operation on global issues in recent years. Their alliance epitomises south-south co-operation in the contemporary era. This is the notion of solidarity among developing countries through the exchange of goods, resources, technology and knowledge to meet their development goals. But what does this all mean … Continue reading
Trade between BRICS countries has increased 70% over the past 6 year, according to South African President Jacob Zuma, RT reports. The economies of the five BRICS nations (Brazil, Russia, India, China and South Africa) account for almost 30% of global GDP. BRICS presents an aggregate GDP exceeding $32 trillion. This marks a 60% growth since … Continue reading
“The agreement on the BRICS $100 billion currency reserve pool came into force Thursday. The fund was set up by the developing nations group to protect their national currencies from volatility in global markets,” RT reports. “The arrangement is important not only because it provides the possibility to quickly obtain additional liquidity, but its very … Continue reading
By Peter Drysdale India is a very large labour-abundant economy with a rapidly growing workforce and its manufacturing sector might be expected to be the primary driver of its economic growth. In fact, the manufacturing sector has contributed little to income growth and its share in total merchandise exports has been declining, as recent OECD analysis points … Continue reading
Originally posted on Srinivas Duvvuri's Blog:
Yes I said “Global Power” & not “Super-Power” as the terminology seems to go! So I was having this discussion with a friend from Afghanistan. When I said that “as India’s might grows, her patience with Pakistan diminishes” & that we seek Afghan support, my feisty Afghan friend pointed…
“Japan’s Softbank Corp is to team up with Bharti Enterprises and Taiwan’s Foxconn to invest about $20 billion in solar projects in India as the country steps up efforts to boost the renewable energy sector,” The Times of India reports. “Softbank, which has said it will invest $10 billion in India over time, said on … Continue reading
Earlier this year on March 1, EMerging Equity reported in details that India proposed creating a free trade zone with the Eurasian Economic Union (EEU). We are three months later in June and the EEU and India have started negotiations over the free trade zone agreement and signed a framework agreement at the International Economic Forum in St. … Continue reading
“SunEdison* plans to invest $15 billion in India by 2022, a top executive said, as the renewable-energy company seeks to deepen in its foothold in a country where power producers have struggled to meet demand,” MarketWatch reports. “We believe much of the growth in renewable energy in the next 15 years will be from emerging … Continue reading