Shenzhen, China-headquartered smartphone manufacturer OnePlus is set to establish an R&D center in India this year, as well as establish its global hub (outside China) in the country. The second global headquarters in India will help the company "decentralize the operations." The Chinese company first entered the Indian market in...
Emerging Economies Richer than the West
According to Linda Yueh's article On the Prosperity of Countries, emerging and developing economies for the first time account for a larger share of world GDP or global output than developed economies. Excerpts from the article: The World Bank estimates that of the 101 middle-income economies in 1960, just a...
Japan and Singapore Stand 1st on Henley Passport Index
The Henley Passport Index is the original ranking of all the world’s passports according to the number of destinations their holders can access without a prior visa. The ranking is based on exclusive data from the International Air Transport Association, which maintains the world’s largest and most accurate database of...
China's Sungrow Inaugurates Production Facility in India
Inverter solution supplier for renewables, Sungrow Power Supply Company Limited, launched a manufacturing facility at Bangalore, India. The facility, the first of its kind outside of China, has an annual production capacity of 3 GW of central and string inverters for its clients in India, the U.S., Europe, Japan and...
Walmart Backs India's Case for U.S. Duty Benefits
Bentonville, Arkansas-headquartered retail major Walmart, is supporting India on a trade measure against the country by the Trump administration. In a submission to the U.S. government, which the Economic Times has seen, the company urged continuation of low or zero duty benefits for $5.6 billion-worth Indian exports to the U.S....
India Overtakes France as Sixth Largest Economy
Per the World Bank's updated data for 2017, India edged past France to become the world's sixth-largest economy. India's gross domestic product stood at $2.597 trillion at the end of last year while the French economy was valued at $2.582 trillion. The U.S. remains the world's largest economy with a...