For the first time, India plans to raise $10 billion this year through sovereign bonds. India needs to fund domestic projects and its macroeconomic fundamentals are strong so the timing for this makes sense In her budget speech, minister for finance Nirmala Sitharaman said, "India’s sovereign external debt to GDP...
India Eases Rules for Foreign Brands to Own Store Chains
The Government of India announced 100 percent foreign direct investment in single brand retail trade; global single-brand retailers will no longer need its permission to own and operate stores in the country. Earlier, overseas companies needed government approval to own more than 49% of an Indian retail operation, leading many...
Google India Encourages Small Businesses to Go Online
A joint study by Google and KPMG titled Impact of internet and digitization on Small and Medium Businesses in India pointed out that 32% of digital businesses cater to customers outside their city, and employ five times as many people as do businesses that are offline; and profits of digitally...