Mark Mobius, Executive Chairman, Templeton Emerging MarketsGroup, is positive on India and believes the Indian economy is on a strong footing. "I can see India growing at 10% in the next few years if reforms continue to kick in," he said in an interview with Business Standard. "We have $2...
India’s Parliamentary Panel Approves Overhauling Bankruptcy Regulations
Taking a key reform measure to improve ease of doing business, a parliamentary panel in India approved a bill to update outdated bankruptcy regulations. The panel proposed that the Insolvency and Bankruptcy Code should include laws to seize overseas assets of defaulting companies and individuals. The legislation, which will make it...
World Bank Chief Economist: Indian Economy Doing Well
In an interview with the Economic Times, Professor Kaushik Basu, chief economist of World Bank remarked, “If you look at the growth table of performance among big economies all over the world, India, today in our World Bank table, tops the chart and this has never happened before. So overall...
World Bank Projects India Will Be the Fastest-Growing Economy until 2018
The Wall Street Journal reports on the new forecasts from the World Bank which says that India is “well positioned to withstand near-term headwinds and volatility in global financial markets” compared with other major emerging economies and predicts it will grow at 7.9% by 2018. That would make it the...
India Bucks Slowdown Trend in Emerging Markets
In a new policy research note ‘Slowdown in Emerging Markets: Rough Patch or Prolonged Weakness?’ the World Bank noted that “growth in BRICS, with the exception of India, has been slowing significantly after 2010. These slowdowns are expected to continue over the near term.” Emerging market growth has been fading...
India’s Economy is Now Growing Faster than China’s
Last year, economists at the World Bank, the International Monetary Fund, and Goldman Sachs suggested that within a year or two, India’s economy might be growing more quickly than China’s. But official statistics published on February 9th revealed that India’s GDP rose by 7.5% in 2014, a shade faster than...