The 2018’s edition of Global Metro Monitor ranked New Delhi as the sixth best performing metropolitan economy in the world. Delhi has the second largest metro area after Mumbai but with a per capita income of $18,600, which is three times the national average. The city has become a destination...
Etsy Launches in India
New York-based online marketplace for handcrafted goods Etsy launched in India. Based in Delhi, the Etsy team aims to help local entrepreneurs sell their handcrafted goods across the world. Indian vendors already have approximately 650,000 items listed on Etsy. The company will recruit and assist new sellers, who will be...
Zara India Reports 70 Percent Rise in Profits
Driven by strong sales and lower price points, fashion retailer Zara's net profit went up more than 70 percent in India in 2017. Spain-based Inditex has two joint ventures with India's Tata Group’s retail arm Trent: one for Zara and the other for luxury label Massimo Dutti. The joint venture...
Mobile Incentives Improve Vaccination Rates in India
A combination of both mobile phone reminders and an incentive of mobile phone talk time increased vaccination coverage of children in rural India from 33% to 50%, according to findings published in the journal Pediatrics. "Mobile and web connectivity have expanded exponentially in several countries in both rural and urban settings,...
Vision Impact Institute Spreads Awareness on Driver Safety in India
Dallas, TX-based Vision Impact Institute is finalizing a study on commercial driver safety in India, global executive director, Kristan Gross said. "There will be 25 million commercial drivers by 2020 in India," Gross added, "and half have vision issues." According to preliminary results from a study conducted in 2017, in...
Trek Bicycles Expands Operations in India
Waterloo, WI-based Trek Bicycle Corporation launched 34 bicycle models in the premium and super premium category in India's cities of Delhi-NCR, Mumbai, Bangalore, Hyderabad, Chennai, and Indore. Prices range from $305 for the road bikes to $2,600 for the hybrid models. The company also offers a wide range of cycling...