Posts Tagged ‘India’

India and China: The Wealth

December 14th, 2015

Between them, China and India represent a staggering 10% of the global wealth, and 17% of the global increase in new wealth since 2006.

Gold and Oil: East and West

December 7th, 2014

drop-148198_1280Asia recently encountered a drop in gold prices. Meanwhile, investors have been showing increased interest in China manufacturing data. Since the stronger US dollar made gold less appealing, there was a five year drop in worldwide oil prices. Currencies in emerging markets escalated vis-à-vis the dropping dollar but there was a dip in Japanese stocks following its credit rating.

Tokyo likewise encountered a drop in the precious metal, which was more surprising given its high record over the last year.

Moving over to India, the region recently encountered an alleviation of the rigid restrictions that have been in place on gold imports. They originally existed in order to diminish the burgeoning account deficit. But it led to frustration in the jewelry industry, simultaneously with an increase in gold smuggling.

After China, India is the biggest importer of gold. The Reserve Bank of India has now lifted the rule that requires the re-export of at least a fifth of the gold importers bring in.

Indians are Asia’s Big Spenders Says Survey

August 1st, 2012

Indian business travelers have the second largest budget for spending per trip, with only Singaporean businessmen topping them, spending $339 versus $468, according to a recent survey.

The survey showed that the most important elements of a business trip to travelers from the Asia-Pacific region were the location, a free Wifi connection and competitive prices of hotel rooms.  Asian businessmen based their choice of hotels on the closeness of the hotel to the business venue, with 53% saying it was an important feature of their choice. The presence of Wifi influenced their decision of where to stay 49% of the time, while competitive rates were slightly less important, with 46% saying that fact influenced their decision.

Thailand is the up and coming star as a top business destination according to the survey, which was conducted by Accor Asia-Pacific Business Traveler. The most visited destination today is Hong Kong, with Singapore following closely in second place.

The survey was done during July 10-16 and asked 2,500 travelers from a total of nine countries in the Asian region, including Australia, China, Hong Kong, India, Japan, New Zealand, South Korea, Singapore and Taiwan. All the respondents made business trips during the first half of 2012.

Australasian Companies Prefer Asia for Investments

October 11th, 2011

According to a recent report by professional services organization, Ernst & Young, it seems that these days the most preferred region for Australasian companies to make their investments is in the Asia Pacific region.  The study by the firm was conducted in September 2011, and looked at a thousand business executives around the world.

More than 70 percent of Australasian companies would choose the Asia Pacific region to make their investments, the study found.  Looking internationally, almost half of investors would likewise also choose the same region.  Out of the entire region, the main countries investors choose seem to be: China, India, Malaysia and Singapore.

Investors Priorities

When it comes to what investors are seeking, over half of the companies are focusing on growth (slightly more than a few months ago, when the figure was just under half) and 42 percent are concentrating on preserving stability (this figure has increased 9 percent from April).  Over the same time frame, there has been a decrease in the companies looking for survival (from 18 to 7 percent) which is definitely a good thing since it is indicative that economically things are looking up and that the recession isn’t necessarily paramount on every investors mind these days.  In fact, the 7 percent figure is the lowest it has been since the study began back in 2009; clearly good news for recessional worries.

China Popularity

So why is it so popular – and this has been the case for a long time – to invest in China?  According to an article in Seeking Alpha, there are five main reasons.  First, the country’s huge population (which is almost double of that of America) results in a large customer count. Second, the amount of different types of investments available due to the sheer volume of the companies and businesses there.  Third, the national pride that exists in the country’s companies.  Fourth, the idea of sovereign protection in the country; China is working on encouraging its citizens to increase consumption in the country.  Fifth, the recent appreciation of the Yuan.

So it makes sense that investors are looking towards Asia – and more specifically China – to put their capital.

40 Billion Dollars Invested in Indian Telecom Sector

June 22nd, 2010

India- The Indian Telecom Sector in the current fiscal year is expected to invest a record 40 billion dollars into its telecom network.  India is set to expand to over one billion mobile phones in the next two years.  This kind of network expansion warranted the type of heavy investment that appears to be coming. .

Telecom Equipment and Services Export Promotion Council said Wednesday that  there were 20 billion dollars in investment last year. Council Secretary RK Pathak Kaamyunikcshiaya said “here in 2010 that India’s broadband wireless access in 3G development and expansion of existing networks is due to the investment increases that will be this year.

Pathak said that the next financial year will be lower because the investment in hardware and infrastructure development associated with the telecommunications industry, will be close to completion . Every year India has an estimated 2.0 million new customers to connect to its telecom network.