Despite the threat of fierce protectionism, challenging cultural barriers and major linguistic hurdles, the giants of Indian IT are looking to break into China’s previously closed software and outsourcing industry. Continue reading »
The surprise decline in India’s industrial output in November, disclosed in figures published on Friday, was largely due to the Diwali holiday, when many businesses close for days.
Industrial production fell 0.1 per cent in November year-on-year basis, in stark contrast to revised growth of 8.3 per cent in October – when the figure was boosted by the fact that in 2011, Diwali fell in October.
India’s established metropolises are saturated with investment activity. Now, tier-two and tier-three cities are emerging as investment destinations and a new report from Cushman and Wakefield explains how much money is going into what – and where. Continue reading »
If any further evidence were needed that the Indian economy is struggling mightily, the Reserve Bank of India’s September bulletin provided it. On Wednesday, the RBI said Indian companies had dramatically curtailed their plans to raise funds, and are more wary to invest now than they have been in the recent past.
The RBI found 668 projects amounting to Rs2.1tn ($38bn) in the fiscal year ended in March. That’s nearly half as much as the the Rs3.9tn spent on 710 projects the previous year. The projects are sanctioned by foreign institutional investors or banks. Continue reading »
In the city of Pune, about four hours from Mumbai, there is a thriving manufacturing hub thanks to a cluster of car manufacturers. The FT’s James Crabtree asks what India needs to do to replicate this success in other cities.
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