Addressing the annual meeting of the International Monetary Fund at Washington, D.C. a few days ago , India's federal minister for finance Nirmala Sitharaman said, "As we envisage becoming a five trillion-dollar economy by 2025, our focus on creating world-class infrastructure has become even more resolute ... we now are...
Seasoned Newcomer Is India's Foreign Minister: Dr. S. Jaishankar
A surprise appointment to the top cadre of Prime Minister Modi's new cabinet is its Foreign Minister. Unlike most in the cabinet, he is not a politician by profession; it is unusual for someone like him to directly reach the top echelons of power and status. Subramanyam Jaishankar was born...
Among Asians, Indian Americans Have Highest Level of Education, Income
According to a report released May 22 by the Washington DC-based Pew Research Center, Indian Americans have the highest level of education among Asian Americans: 72 percent hold a bachelor’s degree or higher. A large number of Indian immigrants already had a bachelor’s degree when they arrived in the U.S. the...
Carlyle Invests in Metropolis Healthcare's IPO in India
Mumbai-based Metropolis Healthcare Limited's initial public offering (IPO) to raise $174million was over subscribed 5.8 times at the end of the book-running process, stock exchange data showed. Of the 13.7 million shares the Indian diagnostics company intends to sell, investor CA Lotus Investments, a unit of Washington DC-based private equity...
U.S., India to Collaborate on Unmanned Aerial Vehicles
U.S. and India have identified small air launch unmanned aerial vehicles and a lightweight small arms technology project along with aircraft maintenance for defense collaboration, said Ellen Lord U.S. Undersecretary of Defense for Acquisition and Sustainment. The U.S. statement came as defense officials from the two countries held their latest...
U.S., India Hold Strategic Security Dialog
In a joint statement issued at the conclusion of the 9th round of the U.S.-India Strategic Security Dialog held in Washington, DC, on March 13 this year, both sides "committed to strengthen bilateral security and civil nuclear cooperation." The United States reaffirmed its strong support of India’s early membership in the...