UK is investing more in India than any other G20 country September 2, 2015 BRITAIN is investing more in India than any other country in the G20, according to a new report out today from the Confederation of British Industry (CBI). The CBI, with PwC and the UK India Business Council, found that in the past five years, the UK had invested $22.2bn (£14.5bn) in India, making up nine per cent [...]
India cuts rates despite Modi’s looser budget March 4, 2015 INDIA’S central bank yesterday made an unexpected cut to interest rates for the second time this year. Rates were cut to 7.5 per cent from 7.75 per cent. After the bank’s last meeting in February, it said it would likely cut rates further if the government planned to cut spending. Over the weekend, Narendra Modi’s [...]
Indian central bank cuts interest rates for the second time this year March 4, 2015 The central bank in Asia's third largest economy surprised investors last night, by cutting its policy repo rate from 7.75 per cent to 7.5 per cent, the second time it's made such a cut this year. The Reserve Bank of India (RBI) said a weaker economy had pushed it to make the cut outside its [...]
India primes economy as Narendra Modi’s government lays out pro-growth budget March 1, 2015 Business gave a cautious welcome to the Indian government’s landmark budget yesterday, highlighting its bid to unify the country’s fragmented markets and boost growth through tax cuts and infrastructure investment. “It delivered on all counts. The Prime Minister set out a vision and the budget lays it out as a roadmap,” Karan Chanana told City [...]
India rising: The re-awakening of this sleeping giant is the best news of 2015 March 1, 2015 “The Indian economy is a super giant, which moves slowly but surely.” – Arun Jaitley, Indian finance minister. After starting the year perpetually commenting on the gloomy tidings of the Greek crisis, Isis, and Putin, it is with palpable relief that I turn to what remains the single most positive international development of recent months [...]