Archive for the ‘India’ category

Is India Surpassing China as Fastest Growing Economy?

August 21st, 2017

Evidence is pointing to India becoming the newest fastest growing economy in the world, taking over China’s Number 1 position, according to Harvard University’s Center for International Development (CID) growth projections.  Further, it is expected that the region will maintain this leading position, encountering an average 7.7 percent growth until 2025.

One reason for this, it is thought, is that, geographically it has the potential to expand into new markets, including automobiles, chemicals and (some types of) electronics. This is in direct contrast to those regions that rely solely on oil.

Other regions in the east expected to follow suit include Bulgaria, Indonesia, Turkey and Uganda, similarly because they have broader geographical and institutional dimensions.   As the report stated:
“What they share is a focus on expanding the capabilities of their workforce that leaves them well positioned to diversify into new products and products of increasingly greater complexity.”

Growth projections are measured by each country’s economic complexity, looking at the productive capabilities found in exports and how hard/easy it is to further diversify.

Investment in Andhra Pradesh

August 19th, 2016

indiaAndhra Pradesh in India will be receiving US$3bil (RM12.1bil) worth of investment from a slew of Malaysian companies.  The sectors Malaysia is investing in include: beverages, biodiesel, metallurgy, retail, vector control and will result in the establishment of around 8,000 jobs. The bureaucratic part of this has already been completed with the signing by the Andhra Pradesh Economic Development Board and the Malaysian companies of seven memoranda of understanding.

According to Datuk Ramesh Kodammal, Asean-India Business Council co-chairman:

“The value of the MoUs signed today is just a fraction of the business potential between ASEAN and India. With a combined population of 1.8 billion people and existence of bilateral trade agreements such as the Asean-India Free Trade Agreement (Afta) and Trans-Pacific Partnership (TPP), opportunities in Asean and India abound for our business entities.”

Meanwhile, the Indian government will be creating a committee (led by the NITI Aayog CEO) to investigate a variety of issues, most notably FDI norms connected to the country’s e-commerce industry that is continuing on a growth spurt.  Contributions to the committee will also be made by officials from commerce and industry ministry members as well as those from the department of electronics and IT. It will try to find additional ways the industry can grow as well.

It should also be noted that 100% of FDI has been allowed through the ecommerce retailing marketplace format via the Department of Industrial Policy and Promotion (DIPP) since March.

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.

Mahindra Heads To Space

June 27th, 2010

Anand Mahindra Vehicle manufacturer Mahindra has announced their leaping into space.An initial investment of Rs 250 crore is planned .

Mahindra Group Vice President and Managing Director Anand Mahindra told reporters here during a program ,” We manufacture equipment in the business of 150 crores and the aircraft are investing Rs 100 crore.” He said, ” huge opportunities exist in space and it is a growing area .  The area has unlimited opportunities . ”  He said, ” Mahindra is going to make it a new frontier .”

Mahindra is putting its weight behind their space investment for the next two to three years and expects to expand.  Already Anand Mahindra has lined up agreements with foreign companies and investors.

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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.