The depreciating Indian currency could force the Reserve Bank of India (RBI) to hike rates and some foreign investors to pull out. This may cause some turmoil over the short to medium term but the longer term outlook is not all bad. The Indian Rupee continues to fall. By mid-September it was hovering around the 72.97 mark to the US Dollar and could well breach the 73 per USD mark and depreciate further in the days ahead. In India, which [...]
Demographics, rising incomes and a low existing base all point towards a paradigm shift in the fortunes of India’s still fledgling food retail sector.
It can potentially become the largest recipient of foreign direct investment (FDI) and will definitely play a major role in realising the Prime Minister’s goal of doubling farm incomes by 2022. Food retail, the largest component of India’s more than $500-billion retail sector, is standing at the cusp of greatness. How its fortunes play out over the next five to 10 years could well decide the success of the government’s ambitious Make in India initiative as well as the direction of politics by influencing how the critical farm lobby votes in future elections.
Arun Jaitley significantly ramped up India’s ties with Japan in one of his last major foreign visits before handing over the defence portfolio to Cabinet colleague Nirmala Sitharaman.
India’s outgoing defence minister, Arun Jaitley, left no doubts about India’s close ties with its neighbour Japan during a recently concluded tour of the country in early September.
The bilateral Defence Ministerial Meeting in Tokyo saw Jaitley and his Japanese counterpart, Itsunori Onodera, clinch a range of significant tie-ups in the field of defence cooperation, combat exercises and exchanges and counter-terrorism. The significant ramping up of ties is undoubtedly being viewed as a counter-balance to the increasingly volatile situation in the region, with India’s continued tensions with China over Doklam and North Korea’s increasingly belligerent overtures with missile tests.
A US Federal Reserve report forecasts that the Goods and Services Tax (GST) has the potential to hike India’s GDP by nearly $100 billion. The US Federal Reserve has confirmed what many people, including Prime Minister Narendra Modi and Finance Minister Arun Jaitley, have been saying for a long time. Countering nay-sayers, they have maintained that the Goods & Services Tax (GST), which will come into force from July 1 this year, will push India into a higher growth trajectory [...]
From a silent film set to the tunes of the sitar at the Taj Mahal to a travelling exhibition celebrating Indian achievements in science, this year promises to take India-UK cultural collaboration to a whole new level. The Taj Mahal will form the backdrop of a rare screening of a silent film set to live music by sitar maestro Anoushka Shankar as part of a wide range of celebrations to mark UK India Year of Culture 2017. ‘Shiraz’ is a [...]
Some heavy hitting from the Finance Minister puts the Indian economy on a winning wicket, writes India Inc. CEO Manoj Ladwa. After all the excitement over the Bharatiya Janata Party’s 4-1 sweep of the recently concluded Assembly elections, it is time once again to focus on the nuts of bolts of governance. In the latest issue of ‘India Investment Journal’, we turn our attention to India’s growth story and the man in charge of shepherding the country to greater economic [...]
The Budget has allocated almost $90 billion for building new infrastructure. This will help restart the stalled private investment cycle and spur demand but the absence of serious efforts to resolve the non-performing assets (NPA) problem in the banking sector will hurt. Indian finance minister Arun Jaitley, who reiterated his earlier statement that private investment remains sluggish despite incentives, has done his bit to revive the entrepreneurial instincts of private entrepreneurs, both domestic and foreign, by announcing a massive $90-billion infrastructure [...]
The Queen opened up Buckingham Palace to Indian dance and music as she hosted the launch of UK India Year of Culture 2017. India’s Finance Minister, Arun Jaitley, represented the Government of India to mark the launch of Indian festivities across Britain throughout the year. The year 2017 had been declared UK India Year of Culture during Prime Minister Narendra Modi’s visit to the UK in November 2015. Its official launch took place on February 27 with a gala reception [...]
India’s Minister for Finance and Corporate Affairs, Arun Jaitley, just completed a packed tour of the UK during which Prime Minister Theresa May dropped in to a Downing Street meeting with his British counterpart, Chancellor Philip Hammond. ‘India Investment Journal’ caught up with the senior Indian Cabinet minister in London to explore his message for foreign investors, a possible free trade agreement (FTA) with post-Brexit Britain and the next phase of his dramatic reform agenda for the Indian economy. Is [...]
The Year 2017 had been ear-marked as UK India Year of Culture by Prime Minister Narendra Modi during his tour of Britain in November 2015. That announcement became a reality when Indian Minister for Finance and Corporate Affairs, Arun Jaitley, represented the Government of India at a historic reception in Buckingham Palace in London recently. While the year is set to be packed with an array of cultural events, both in India and the UK, the key message amid all [...]