According to the Hurun Global Rich List, India leapfrogged Russia and the United Kingdom to third place with 97 billionaires living in the country, 27 more than 2014. Manufacturing, pharma and TMT (technology, media, and telecom) are the preferred sectors. The combined wealth of Indian billionaires, mostly headquartered in Mumbai,...
What costs less in India than in China?
CNN Money says: India's airline industry is a mess. Taxes are sky-high, infrastructure is poor and profit margins are razor thin. A string of carriers have gone out of business, and many others are struggling to stay afloat. For now, howevery, India has the least expensive flights on the earth....
Level of Stress in 74 Countries Ranked, India is #14
Bloomberg has ranked the incidence of stress in the lives of people in 74 countries of the world. Seven equally weighted variables were considered in the rankings: annual homicide rates, GDP per capita on a purchasing-power-parity basis, income inequality, corruption perception, unemployment, urban air pollution, and life expectancy. Life is...
India to Exceed 200 Million Smartphone Users by 2016
Citing the U.S.-based global research firm eMarketer, SiliconIndia reports that India will overtake the U.S. as the second largest market for smartphones in the world by 2016, due to increasing penetration of affordable smart devices in the country. “China will continue to lead the world rankings in 2016 with 624.7...
Adobe to Shut R&D in China by December
Chinese officials have started invoking their 2008 anti-monopoly laws to probe local business practices by U.S. technology companies. The consequential soured business environment is one of the reasons that San Jose, California based Adobe Systems Inc. has declared that it will close its R&D center in China. Other concomitant factors...
Will India's Growth Rate Exceed That of China?
On November 6, at the Barclay’s Asia Forum in Hong Kong, Nouriel Roubini, professor of Economics at the Stern School of Business New York University, and co-founder and chairman of Roubini Global Economics LLC in New York, spoke about a role switch in the economies and policies of India and...