The number of smartphone-using Indians runs into millions and they are the key growth drivers of India’s burgeoning e-commerce sector. Quartz quotes technology consultancy firm Forrester Research which reports that by 2016, more online commerce consumers will make their purchases from mobile phones, instead of desktops, and by 2019, the...
KKR accelerates India investments
New York based Kohlberg Kravis Roberts & Co (KKR) plans to invest in manufacturing and bank assets in India via its $2 billion Global Investment Fund. India’s companies and financial organizations have ample potential for growth due to the availability of affordable labor and resources. However, a high rate of...
Bangalore and Mumbai are most the Expensive cities for Average Indian Consumers
Analysis of the most recent Consumer Price Index data released by Reserve Bank of India shows that Bangalore has the highest average cost of living in India, followed by Mumbai, then Chennai, Kolkata, and Delhi. This is a chart from The Times of India, which indicates the CPI scores of...
India High Inflation Looking to Ease Some
India’s high rate of inflation is expected to reduce with the recent rainfall in what is turning out to be a good monsoon season. India's Prime Minister, Dr. Manmohan Singh, made a statement addressing a recent National Development Council (NDC) meeting, citing a bit more optimism about the inflation than...
World Bank projects 2010 India growth at 7.5 percent
The Worlds Bank's annual Global Economic Prospects 2010 Report says that India "is expected to grow at 7.5-8 % in 2010-11 and 2011-12, respectively, well above the 6.4 % average posted during 1995-2005". India's own central bank, the Reserve Bank of India had already estimated growth in India at 7.5%...