India regained its status as the world's fastest growing major economy in the October-December quarter, surpassing China for the first time in a year as government spending, manufacturing, and services all picked up. Ministry of Statistics data showed India's economy grew 7.2 percent in the December quarter, beating China's 6.8 percent,...
Corporate Governance Standards Improve in India
According to a joint study by the International Finance Corporation, the Bombay Stock Exchange (BSE), and Institutional Investor Advisory Services India (IiAS), the Corporate Governance Scorecard for 2017 showed that companies are increasing transparency. Increased scrutiny by regulators such as India's central bank, the Reserve Bank of India, and the...
Mauritius Continues to Be Largest Channel for FDI to India
Based on a census that it undertook, a report by India's central bank, the Reserve Bank of India, said, "Mauritius was the largest source of foreign direct investment (FDI) in India (21.8 percent share at market value) followed by the U.S.A., the U.K., Singapore and Japan, while Singapore (19.7 percent)...
Ten Most Significant Changes in India in the Last Decade
Forbes documents the top ten most significant changes that India has witnessed from 2010 to 2017. Read a lightly edited summary of these below: 1) Emerging as one of the largest economies The recent economic expansion noted in India has brought a record number of people out of poverty. A...
India's Central Bank Approves Amazon e-Wallet
Amazon India received the Reserve Bank of India’s approval to launch its own digital wallet in India. This will give the American online retail giant a slice of India’s fast-growing digital payments business pie. Amazon will now be able to take on Paytm (an acronym for "pay through mobile") and...
Alibaba Invests $200 Million in India's Paytm
Valuing India's Paytm E-Commerce Private Limited at about $1 billion, China's Alibaba Group Holding Limited, will invest $180-200 million in the online retailer, taking the stake of Alibaba and its affiliate Ant Financial to more than 50 percent. Paytm e-Commerce is an entity created by Noida-based One97 Communications Ltd., which...