Nirmala Sitharaman’s 5-part package could be a 1991 redux

    2020-12-11T11:57:29+00:00May 19th, 2020|Editorials - India Global Business|

    Analysts and economists criticising the Indian Finance Minister's stimulus-cum-reforms package are missing the woods for the trees. As increased liquidity improves the velocity of money, the economic growth engine could well start purring once again. The Indian stock markets have crashed about 5 per cent over two days following the announcement of a $290-billion stimulus-cum-reforms package by Finance Minister Nirmala Sitharaman. The reason? A series of reports by global and Indian research agencies that claim the package is really worth [...]

      India stands to shift the global balance of power

      2022-02-08T17:00:41+00:00May 18th, 2020|Editorials - India Global Business|

      The stage is set for a possible adjustment of global dynamics with India at the forefront. The gloves for Asian supremacy are set to come off with India co-sponsoring a resolution, led by Australia, the European Union and 62 other countries, for an independent probe under the World Health Organisation (WHO) on the outbreak of the Covid-19 virus that was first detected in central China’s Wuhan city late last year. Related Stories: Why India is ready to lead the post-Covid [...]

        Indian companies on job creation spree in UK

        2020-05-15T20:01:52+00:00May 15th, 2020|Editorials - India Global Business, Home Page|

        UK Investment Minister Gerry Grimstone hails the added 6,000-plus jobs created by 842 Indian companies in the UK over the past year. Highlights: According to the India Meets Britain Tracker 2020, 842 Indian companies generated 110,793 jobs in Britain this year. The total turnover of these companies added up to £41.2 billion, with corporation tax payments of £462 million over the past year. Lord Gerry Grimstone noted that COVID-19 presents an opportunity for India to show global leadership. The [...]

          Jio-FB deal proves India’s attractiveness as FDI destination

          2020-05-13T12:01:47+00:00May 13th, 2020|Editorials - India Global Business|

          While it is one of the biggest deals of the year, there is a good chance it will face stiff regulatory scrutiny over data security. India’s quest to become the next global FDI hotspot got off to a dramatic start when Facebook and Reliance Industries Ltd (RIL) announced a deal under which the former would invest $5.7 billion for a 9.99 per cent stake in Jio Platforms, the till then 100 per cent-owned technology platform of the RIL. On the [...]

            Make in India powers on renewables

            2020-06-01T14:59:46+00:00May 11th, 2020|Editorials - India Global Business|

            Editorial The increasing focus on renewables in India is drawing in several foreign companies. Earlier this year, it emerged that India’s annual electricity generation from coal-fired utilities fell in 2019 for the first time in a decade, reflecting an increased use of renewable energy. The contribution of solar and wind energy to India’s overall energy generation rose to 8.8 per cent, more than double their share of 3.6 per cent in 2015, according to official Indian government figures. India has [...]

              India, US bolster engagement on COVID-19

              2020-05-11T04:50:05+00:00April 10th, 2020|2020, Editorials - India Global Business, North America Edition – 10 April-23 April 2020, UK Edition – 10 April-23 April 2020|

              Editorial India’s reaction of the actions undertaken by the US and China in response to the COVID-19 pandemic reflect India’s bilateral relations with each. Over the first two decades of the current century, India and the US have developed what many strategic analysts and diplomats have described as “the defining relationship of the 21st century”. In engaging so closely with the US, India has had to finesse its relationship with its northern neighbour and rising hegemon, China. The COVID-19 pandemic [...]