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Does The Global Stock Market Sell-Off Signal The BRIC Age Is Already Over?
By Tomas Hult Back in 2001, former Goldman Sachs chief economist Jim O’Neill coined the acronym BRIC to highlight the immense economic potential of the emerging markets of Brazil, Russia, India and China in the decades to come. They would be the economic engines of tomorrow, he wrote. The BRICs, which cover a quarter of the world’s … Continue reading
BRICS Mutual Trade Increased By 70% Since 2009
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
BRICS: $100 Billion Liquidity Reserve Fund Comes Into Force
“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
India’s “Global Power” Aspiration: Technology Is India’s Achilles Heel
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…
India’s Solar Energy: Softbank Corp To Team Up With Bharti Enterprises And Foxconn To Invest About $20 Billion
“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
India One Step Closer To Sign Free Trade Agreement With The Eurasian Economic Union
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
India: SunEdison To Invest $15 Billion By 2022
“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
India RBI Cuts Repo Rate By 25 bps: Agree Economy Needs Policy Support
“The Reserve Bank of India (RBI) cut interest rates for a third time this year on Tuesday, taking advantage of subdued inflation to give more support to an economy that many economists doubt is doing as well as latest impressive growth numbers suggest,” The Times of India reports. The RBI lowered the repo rate to … Continue reading
India’s Economy Growth Ahead Of China In Q1: Economists Doubtful
“India’s economy grew faster than China’s in the quarter through March, data showed on Friday, but a sharp downward revision for the previous quarter fuelled doubts about the accuracy of a new method used to measure economic activity,” Reuters reports. Asia’s third-largest economy grew 7.5 percent year-on-year in the last quarter. The result is better … Continue reading
Will India Overtake China In Modi’s First Year?
India is expected to release GDP data on Friday and that is expected to show the economy growing faster than China for a second quarter in a row. Recently, Prime Minister Narendra Modi has been celebrating his first year in office. One of his ambitions is to transform India into the fastest growing major economy. Earlier this year, … Continue reading
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