Extending its lead over other countries, India topped management consulting firm A.T. Kearney’s 2017 Global Services Location Index for the eighth consecutive year since its inception in 2004. Currently there are 200 multinational corporations operating in India and 1.1 million employees in Business Process Outsourcing, though the sector does face...
Chinese Group Expects India to Overtake China in Innovation by 2025
According to China's Science Technology Exchange Center, India's innovation growth rate will rise significantly over the next 15 years, and come close to surpassing China. "It is predicted that the innovation competitiveness of India will see a significant rise with its growth rate probably surpassing China between 2025-2030," the independent...
New Jersey based ATCS Sets Up Innovation Lab in India
New Jersey-based IT solutions company Advanced Technology Consulting Service (ATCS) expanded its operations in India by recruiting new staff and setting up its first Innovation Lab (I-Lab) in Jaipur, in the western state of Rajasthan. The company also opened a new office in Bangalore. "The I-Lab not only serves as...
Harvard Study: India Becomes New Economic Growth Pole, Surpasses China
According to the Harvard University's Center for International Development growth projections, India will feature on top of the list of the fastest growing economies until 2025 with an average annual growth of 7.7 per cent. The university-wide center works to advance the understanding of development challenges and offer viable solutions...
India Holds $124 Billion in U.S. Securities
The most recent data available with the U.S. Treasury Department shows that India increased its holding of American government securities to $124.1 billion at the end of April, a $7 billion increase from the previous month. Among the BRIC nations, India had the third largest exposure to the U.S. government...
Over 50 Global Retailers to Set Up Shop in India
More than 50 mid-rung global retailers are planning to enter India within the next six months, according to data compiled by Franchise India. The majority of the brands are from the United States and Singapore, and they will invest $300-500 million in India. The Economic Times reports that the latest...