According to Bank of America Merrill Lynch, India topped the global emerging market investors' country preference chart followed by China and Poland in the second and third place, respectively. Asia Pacific investors have increased their allocations to India and Taiwan in June, reports SiliconIndia News. “Despite having lost 14 percent...
Boston Scientific's BRIC Sales Rise by 18 Percent
Speaking at the J.P. Morgan Healthcare Conference, Mike Mahoney, CEO of Boston Scientific a Marlborough, Mass.-based medical device company, said the company derived about 10% of its total sales from emerging markets in Brazil, Russia, India and China during the 3-months ended Sept. 30, 2014 -- an 18% increase from...
India Presents Opportunity for Mobile Shopping
India ranks second in the world, when it comes to online shopping through mobile devices according to a Dyn global e-commerce survey. China stands first with 80% of mobile device owners using e-commerce, with India following at 65%. 37% of Indian consumers expect the same quality and experience when shopping...
Standard & Poor's Says India is Bright Spot in Asia Pacific
Reuters reports that the ratings agency Standard & Poor’s raised its India GDP growth forecast to 7.9 % from 6.2 % for the year ending March 2016, citing rising investment and low oil prices. The agency also raised its growth forecast for 2016-17 to 8.2 % from 6.6 % previously....
Favorable Economic Winds Help India’s Economy Surge
Of the BRIC economies, Brazil is struggling as commodity prices fall, Russia is headed toward recession due to weak oil revenues and sanctions from Western nations, while China is slowing down. However, in India the stock market and rupee are surging; multinational companies are looking to start new operations or...
India’s Economy is Now Growing Faster than China’s
Last year, economists at the World Bank, the International Monetary Fund, and Goldman Sachs suggested that within a year or two, India’s economy might be growing more quickly than China’s. But official statistics published on February 9th revealed that India’s GDP rose by 7.5% in 2014, a shade faster than...