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Indian Economy
Economic Interest to India
- GM India unaffected by parents' bankruptcy petition
- According to GM India, the Indian operations do not form part of the bankruptcy proceedings filed in the US which is expected to be completed in two months' time.
- India's exports drop 33.2% in April; imports fall 36.6%
- Since India imports more than it exports, the sharp decline in imports actually helped contain the trade deficit.
- Overseas analysts bullish on Indian economy
- Mumbai: Overseas analysts are now bullish on the Indian economy. An analysis by Bank of America and Merril Lynch has upgraded our FY10 capital inflow projections by $14 billion, on a mix of receding international risk aversion as well as domestic political risks.
- India: Bharti Wal-Mart to invest $100 mn within 3-4 years
- Wal-Mart opens first India cash-and-carry store in the city of Amritsar, Punjab
- India's wireless user-base crosses 400-mn mark
- It now looks like the target of 500 million phones by 2010 (set by India's department of telecommunication) is very much achievable, even before the target period.
- India Inc to hire most globally: Manpower
- Although weaker than historical patterns, third-quarter hiring plans are strongest in India, Norway, Poland, Peru, Singapore and Taiwan and weakest in Ireland, Spain, Greece, Romania, Italy, Japan and the UK.
- Slowdown, what slowdown?
- Only 1% of Indian IT workforce laid off
- India can achieve 8-9 % GDP growth: PM Singh
- Press Trust of India / New Delhi June 9, 2009, 12:50 IST Prime Minister Manmohan Singh today said the country's economy is even now capable of growing by 8-9 per cent, the same rate as it did before the global financial meltdown set in.
- Indian consumers most optimistic in Asia-Pac: Mastercard
- Press Trust of India / New Delhi June 9, 2009, 17:18 IST Indian consumers are the most optimistic lot in the Asia Pacific region, says a study that gauged their mood for the second half of 2009.
- FIIs flooding back into Indian stock market
- Between March 12 and June 9, FIIs made net investments of $7.2 billion (Rs 35,039 crore), against a net outflow of $1.8 billion (Rs 9,118 crore) till March 9. The Bombay Stock Exchange (BSE) Sensex has appreciated 89 per cent from 8,160.40 on March 9. It closed at 15,411.47 On Thursday.
- Global financial crisis: Great opportunity for India and China to collaborate
- "The opening of the third border pass between China and India could become a gateway for India-China tourism from Tibet to Sikkim and vice-versa," it noted. By 2011, when Nathu La is scheduled to be open for tourism, more than 300,000 Chinese are expected to travel through the mountain passes.
- 'Indian executives feel least vulnerable amid slowdown'
- Industry executives in India feel least threatened by the economic slowdown or by prospects of an extended recession than their global counterparts. In fact, they are the most optimistic about a global rebound in economic fortunes, according to McKinsey’s Global Executive Survey completed in April this year.
- Indian inflation turns negative
- Inflation in India has turned negative for the first time in more than 30 years, official figures have shown.
