Euromonitor International, a provider of strategic market research, says that emerging market consumers are still spending a good amount of cash on beauty and personal care. Value sales across emerging markets were up almost 10% in 2014 over the previous year at fixed U.S. dollar prices. However, annual growth did...
Boston Scientific's BRIC Sales Rise by 18 Percent
Speaking at the J.P. Morgan Healthcare Conference, Mike Mahoney, CEO of Boston Scientific a Marlborough, Mass.-based medical device company, said the company derived about 10% of its total sales from emerging markets in Brazil, Russia, India and China during the 3-months ended Sept. 30, 2014 -- an 18% increase from...
U.S. and India Move Forward on Implementing Nuclear Deal
India and the U.S. are further on the path to implementing the civilian nuclear deal with senior nuclear department officials of both sides exchanging the signed text of the “administrative arrangements” that would guide the deal, says a report by ManoramaOnline. This follows the cryptic announcements made by both countries...
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...
India Continues to Leads Weapons Imports
The volume of international transfers of major weapons in 2010–14 was 16 per cent higher than in 2005–2009 according to a new report by the Stockholm International Peace Research Institute. The five biggest exporters in 2010–14 were the United States, Russia, China, Germany and France, and the five biggest importers...
Favorable Economic Winds Help India’s Economy Surge
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...