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...
India's Billionaire Count Crosses Russia and the U.K.
According to the Hurun Global Rich List, India leapfrogged Russia and the United Kingdom to third place with 97 billionaires living in the country, 27 more than 2014. Manufacturing, pharma and TMT (technology, media, and telecom) are the preferred sectors. The combined wealth of Indian billionaires, mostly headquartered in Mumbai,...
India to Exceed 200 Million Smartphone Users by 2016
Citing the U.S.-based global research firm eMarketer, SiliconIndia reports that India will overtake the U.S. as the second largest market for smartphones in the world by 2016, due to increasing penetration of affordable smart devices in the country. “China will continue to lead the world rankings in 2016 with 624.7...
Modi’s "ambitious vision" for Nuclear Energy
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...
Putin’s India Visit Focuses on Nuclear Projects and Energy
India wants to expand its nuclear-generation capacity to 20 gigawatts by 2020, (from five gigawatts currently) and Russia will help India build at least 10 more nuclear reactors. Prime Minister Modi said that the two countries had outlined an "ambitious vision" for nuclear energy during the talks and that the...
U.S.-India Discuss Projects in Defense
Speaking at the Institute of Defense Studies and Analyses in New Delhi on December 3, Puneet Talwar, U.S. assistant secretary of state for political-military affairs said that the U.S. and India are discussing more than a dozen production and development projects in defense. Talwar headed an inter-agency delegation, which includes...