Of the BRIC economies, Brazil is struggling as commodity prices fall, Russia is headed toward recession due to weak oil revenues and sanctions from Western nations, while China is slowing down. However, in India the stock market and rupee are surging; multinational companies are looking to start new operations or...
Foreign Institutional Investors Discuss Concerns with Prime Minister Modi
Ahead of the 2015-16 Indian budget, finance minister Arun Jaitly convened a meeting to address the concerns of Foreign Institutional Investors (FIIs). The meeting was attended by Prime Minister Narendra Modi, Reserve Bank of India Governor Raghuram Rajan, and Securities and Exchange Board of India Chairman U. K. Sinha along...
Eight of Ten Most Powerful Overseas Indians live in the United States
India Today magazine recently ranked the ten most powerful people of Indian origin living overseas. Eight of them are residents of the United States from the CEO of Pepsico to the heir-apparent of Warren Buffett's Berkshire Hathaway. Also on the list are two Nobel-prize winning economists from Harvard and Columbia,...