With the aim of increasing foreign investment, the Government of India has proposed a special residency program by which foreign investors will be allowed to live in India under a "permanent residency status". To be eligible, foreigners will be required to invest $1.5 million over 18 months, or $3.7 million...
Aberdeen of U.K. Endorses India's Economic Reforms Program
In a report titled India: The Giant Awakens, U.K.-based Aberdeen Asset Management, an international investment management group praised the Modi government for its continued reform measures and added that he has done 'admirably well thus far'. The Economic Times carries an excerpt from the report which says, "This time round,...
India Levels Playing Field for Retail Business
In an effort to boost India’s retail industry and improve ‘ease of doing business’, the Modi government has cleared the Model Shops and Establishments (Regulation of Employment and Conditions of Services) Act 2015. This will allow public establishments with at least 10 employees such as restaurants, local markets, shopping malls...
Templeton Sees India Growing at 10% Shortly
Mark Mobius, Executive Chairman, Templeton Emerging MarketsGroup, is positive on India and believes the Indian economy is on a strong footing. "I can see India growing at 10% in the next few years if reforms continue to kick in," he said in an interview with Business Standard. "We have $2...
Christine Lagarde of IMF calls India a Bright Spot
Christine Lagarde, managing director of the International Monetary Fund, says that India a “bright spot” on a cloudy global horizon. She declared that India has the potential to double the size of its economy by 2019 compared to 2009. During her visit to India, Lagarde commented, “India's GDP will exceed...