Following two separate rosy projections by the International Monetary Fund and the OECD, we have similar news about India's GDP growth from Moody's Analytics. India’s gross domestic product is projected to grow by 12% in 2021, Moody’s Analytics stated. “India’s near-term prospects have turned more favorable following a stronger than...
Siemens Healthineers Opens Global Innovation Hub in Bangalore
Siemens is locating a center of competence for innovation in digital technologies such as data analytics, artificial intelligence, immersive technologies like augmented and virtual reality, user experience, and cybersecurity in India. The company has Innovation Hubs in the United States, Germany, and China in addition to this one in Bangalore....
Biden, Modi speak: Align on Covid, Climate, China
India is #10 on the U.S trading partner list and was the tenth country called by President Biden, after Canada, Mexico, the United Kingdom, France, Germany. Russia. Japan, Korea and Australia. Note that there is no call with China yet. Most countries are allies or neighbors and the only rival...
Indian exports to US, China rise in 2020
A major increase in India's exports to the United States and China, coupled with a decrease in imports from the two countries, was seen this year. According to data from India's Commerce Ministry, India's exports to the USA amounted to $5.1 billion in September 2020, 15.5% more than the figures...
Tamil Nadu state attracts over $2 billion in FDI
India's southern state of Tamil Nadu has signed understandings with a number of European and Chinese companies that are expected to create and support over 40,000 jobs in the state. Tamil Nadu is home to a vibrant automotive, auto parts and electronics sector. Daimler India Commercial Vehicle may be the...
OnePlus of China opens new R&D center in Hyderabad
Five years since the launch of the OnePlus One in India, the market represents the largest growth opportunity for the Shenzhen, China company. OnePlus is now the largest premium-segment smartphone player in India and has been instrumental in creating the "affordable flagship" category. It only makes sense that the company starts looking...