At the 2018 World Economic Forum in Davos, Switzerland, the Prime Minister of India, Narendra Modi, called for International cooperation on climate change and stressed that the rise of protectionism is a threat facing the world, a threat that is as grave as terrorism. In defense of globalization, Modi quoted the...
Moody's Upgrades India's Rating
New York City-based Moody's Investors Service's upgrading India's sovereign credit rating for the first time since 2004 to Baa2 from Baa3, and changing the outlook to 'stable' from 'positive', is a boost to the Modi government's reform agenda. Bloomberg says that the upgrade adds to a string of good news...
China Expert Lauds India's Future
China has long been the real engine behind the BRICS but with its own growth slowing now values the concept as a diplomatic forum, says an article in Forbes, written by Hong Kong-based China expert, Douglas Bulloch. The key problem with BRICS has always been that there is little that unites...
India in Goldilocks Situation for Foreign Investors
The Wall Street Journal reports that $7 billion of foreign money has flowed into the Indian stock market this year, up from $4 billion over the same period in 2015, according to regulatory data. India has lately diverged from the BRICs because: Domestic consumption has increased Inflation has decreased Trade...
Canadian Exports to India Skyrocket
Canadian Business says, “Canada’s exporters may be figuring it out: the future is in Asia.” Merchandise exports to China continue to grow, and it is now Canada’s second-largest trading partner after the United States. Shipments of goods to India surged to a record in the third quarter, according to data...
India Bucks Slowdown Trend in Emerging Markets
In a new policy research note ‘Slowdown in Emerging Markets: Rough Patch or Prolonged Weakness?’ the World Bank noted that “growth in BRICS, with the exception of India, has been slowing significantly after 2010. These slowdowns are expected to continue over the near term.” Emerging market growth has been fading...