According to the White House, President Biden will travel to New Delhi, to attend this year's annual meeting of the leaders of G-20 which India is hosting as the chair from September 7 to 10. Biden’s upcoming visit will be his first to India as U.S. President; he will be...
WSJ: India Emerges as Global Economic Power
This could well be the year India finally emerges as a global economic heavyweight says an article in the Wall Street Journal. The cumulative effect of solid economic growth, microeconomic reform, and a changed geopolitical environment has the West more eager than ever to draw India into its orbit. The bullish...
IMF Retains India’s Growth Projection at 9.5% for 2021
The International Monetary Fund (IMF) maintains India’s growth forecast for 2021 at 9.5% after falling 3 percentage points from 12.5% in July following the severe second wave of the COVID-19 pandemic in India. In its latest World Economic Outlook (WEO) report of October 2021, IMF expects India's economy, which shrank...
India’s Forex Reserves Rise to a Record $642 Billion
According to India's Reserve Bank of India India’s foreign exchange reserves climbed by $8.9 billion, reaching a new high of $642 billion in the week ending September 3. This was due to a gain in foreign currency assets, a major component of overall reserves. Expressed in dollars, foreign currency assets ...
India to Spend $1.4 Trillion on Infrastructure
Addressing the annual meeting of the International Monetary Fund at Washington, D.C. a few days ago , India's federal minister for finance Nirmala Sitharaman said, "As we envisage becoming a five trillion-dollar economy by 2025, our focus on creating world-class infrastructure has become even more resolute ... we now are...
India Trumps China on M&A Inflows
Global consumer brands have long courted Chinese consumers; now it is India’s shoppers they are wooing. 2018 has been a good year for India: More foreign money is now pouring into it than into China. Overseas companies have spent $38 billion acquiring Indian assets so far this year, compared with...