Indian Prime Minister Modi and Russian President Putin signed an agreement whereby Russia plans to build a number of new nuclear power plants in India, cooperate in the joint extraction of uranium and in the production of nuclear fuel and waste elimination. Modi said that the two countries had set...
India Growth Rate to Surpass China in 2016 Says Goldman Sachs
Goldman Sachs is predicting that after more than 15 years stuck in China’s slipstream, India could surpass China in the next two years in terms of real gross domestic product expansion. A recent report from the American investment bank projects India’s real GDP growth rate will remain behind China’s this...
The Strongest BRIC? India?
Of all the fast-growing BRICS countries, only India stands strong right now according to an article in Business Insider. It says "While much of the world is in a dark place economically — Brazil is embroiled in a corruption scandal, sanctions continue to constrain Russia's economy, China is slowing down,...
Fairfax Financial Holdings’ Strong Focus on India
Prem Watsa, known as the Warren Buffet of Canada, plans to invest at least $1 billion in India as part of a consortium. Watsa’s company, Fairfax Financial Holdings has already invested $27 billion worldwide. The IIT Madras alumnus left India 42 years ago and is counted amongst the wealthiest individuals...
Obama Announces Repeat India Visit
For the first time, an American President will be the Chief Guest at India’s national day parade on Monday, January 26, 2015 (known as Republic Day in India). It will also be the first time in history that a sitting American President will have visited India twice. (President Clinton has...
Intercontinental, Wyndham, Starwood to Add India Hotels
India’s new Prime Minister Narendra Modi is seeking to boost inbound tourism. Taking cognizance of the improved business climate, Bloomberg News reports that international hotel chains are expecting improved occupancy rates in the mid-market segment of the second- and third-tier cities and towns of India, and are aggressively planning to...