You may want to take a fresh look at business opportunities and investments in India, if a new World Bank report is to be believed. In November 2001, Goldman Sachs published a landmark paper where they identified India, along with Brazil, China, and Russia as the four “BRIC” economies that...
India Growing Robustly Says World Bank's Kim
Predicting a strong global growth this year, World Bank president Jim Yong Kim said India has been growing “pretty robustly”. Speaking at the Bloomberg Global Business Forum meeting in New York, Kim said, "A country like India is growing, has been growing pretty robustly. We think, Japan is growing. Europe...
India Launches National Pharma Mission
The Government of India launched the National Pharma Mission for the development of bio pharmaceuticals through industry-academia collaboration. This program will focus on the development of specific products such as vaccines, biotherapeutics, and newer platform technologies for medical devices and diagnostics. Funded by India's central government and through a loan...
World Bank Expects India's Growth at 7.2% in 2017
A World Bank report said that after a modest setback, India's economic growth is expected to pick up speed from 6.8% in 2016 to 7.2% by 2017. Further, growth is expected to gather momentum by 2019 when the Indian economy is expected to expand by 7.7%. The report also confirmed that...
Carlyle's $1 Billion Growth Fund to Focus on India and China
Washington D.C.-based global private equity firm Carlyle will raise $1 billion under its new Asian growth fund largely focused on investing in India and China. Per a disclosure, the International Finance Corp is one of its Limited Partners, and the private sector investment arm of World Bank has committed $25...
World Bank Supports India's Solar Energy Program
The World Bank Group signed an agreement with the International Solar Alliance to provide $1 billion support to Indian solar energy projects. Led by India, this Alliance consists of 121 countries and was launched at the UN Climate Change Conference in Paris end-November last year, by Prime Minister Narendra Modi and French...