Posts belonging to Category India

India’s economy has bounced back

A year-long slowdown

India’s economy has bounced back from a year-long slowdown, but not enough to regain the global growth crown from China.
Gross domestic product grew by 6.3% in the three months through Sept. 30, up from 5.7% in the previous quarter. That compares with China’s growth rate of 6.8% in the same period.

Still, the numbers will be music to the ears of Indian Prime Minister Narendra Modi, whose two biggest policy decisions of the past year have been widely blamed for a slump that cut growth to its slowest pace in three years. India was the world’s fastest growing major economy at the end of 2016, with GDP expanding by 7%. But the sudden ban last November of India’s two most valuable rupee notes at the time — accounting for 86% of the country’s cash — stunned industry and brought activity in some sectors of the economy to a screeching halt.… Fri., 01  December 2017

America's pledge on climate change

California Governor Jerry Brown and Michael Bloomberg Launch “America’s Pledge”

 Today, California Governor Jerry Brown and Michael Bloomberg launched America’s Pledge on climate change, a new initiative to compile and quantify the actions of states, cities and businesses in the United States to drive down their greenhouse gas emissions consistent with the goals of the Paris Agreement.

Since the White House announcement of its intention to withdraw from the Paris Agreement, an unprecedented number of U.S. states, cities, businesses, and colleges and universities have reaffirmed their support for the Paris Agreement through collaborations including the “We Are Still In” declaration, the Climate Mayors coalition of cities, the U.S. Climate Alliance group of states, and others.

Building on this positive momentum, the America’s Pledge initiative will for the first time aggregate the commitments of these and other “non-Party actors” in a report on the full range of climate-related activities across the whole of U.S. society. The process of developing America’s Pledge will also provide a roadmap for increased climate ambition from U.S. states, cities, businesses and others, and will transparently demonstrate to the international community how and in which ways these entities can help the U.S. deliver on its pledge under the Paris Agreement.…   Thu.,  13  July 2017

The new Silk Road

Summit promotes global trade infrastructure project

China opens on Sunday a summit to promote its massive global trade infrastructure project, highlighting Beijing’s ambitions to spearhead a new era of globalisation as Washington shifts toward inward-looking policies. President Xi Jinping will host leaders from 29 nations in Beijing for a two-day forum on his signature foreign policy programme, a revival of the Silk Road dubbed the One Belt, One Road Initiative. The Chinese-bankrolled project, unveiled in 2013, seeks to link the country with Africa, Asia and Europe through an enormous network of ports, railways, roads and industrial parks.

The initiative spans some 65 countries representing 60 percent of the world population and around a third of global gross domestic product. The China Development Bank has earmarked $890 billion for some 900 projects. Belt and Road is seen as a practical solution to relieve China’s industrial overcapacity. But it could also serve Beijing’s geopolitical ambitions.…  Mon.,  15  May 2017

Terrifying prediction for jobs in developing countries

Automation a threat to 77% jobs in China

Research has predicted that the proportion of jobs threatened byautomation in India is 69%, while it is 77% in China and 85% in Ethiopia, World Bank President Jim Yong Kim has said, citing data from the multilateral agency.…  Tue.,  02 May 2017

America First? Why not India First?

How ‘America First’ could turn into ‘India First’

If you really want to keep the U.S. … globally competitive, you should be open to overseas talent,” Nilekani (Infosys) said on the sidelines of CNN’s Asia Business Forum in Bangalore. Infosys (INFY) is India’s second-largest outsourcing firm, and a major recipient of U.S. H-1B visas. The documents allow the tech firm to employ a huge number of Indians in U.S. jobs.
The Trump administration is now considering significant changes to the visa program. Press Secretary Sean Spicer said in January that Trump will continue to talk about reforming the H-1B program, among others, as part of a larger push for immigration reform. Curbs on the visas could hit Indian workers hardest.…  Fri.,  17 February 2017

Economics: the long view

How will the global economic order change by 2050?

After a year of major political shocks with the Brexit vote and the election of President Trump, it might seem brave to opine on economic prospects for 2017, let alone 2050. Warning: the method and the result are controversial, but datas are interesting to look at.…  Tue.,  14 February 2017

Gold up as Trump policy worries

Gold inches up on weak dollar 

Gold prices crawled higher on Monday on a weaker dollar and as uncertainty over US policy under President Donald Trump stoked safe-haven demand, although the gains were curbed with many in Asia on holiday for the Lunar New Year. Trump’s administration had on Sunday tempered a key element of his move to ban the entry of refugees and people from seven Muslim-majority countries in the face of mounting criticism and protests in major American cities. … Wed.,  01 February 2017

Climate change

Paris Agreement on Climate Change to Take Effect November 4

The Paris Agreement on climate change will legally take effect November 4, U.N. Secretary-General Ban Ki-moon announced Wednesday after nine more countries ratified the pact. The landmark agreement signed in Paris in April is aimed at reducing greenhouse gas emissions, most of which are generated by the use of fossil fuels such as petroleum, coal or natural gas. Most scientists say the accumulation of carbon dioxide and other greenhouse gases in the Earth’s atmosphere is responsible for the climate change that has accelerated in recent years.  Thu., 06 October 2016

Gold demand is very strong

Gold demand up 21%

Gold demand reached 1,290 tonnes Q1 2016, a 21% increase year-on-year, making it the second largest quarter on record. This increase was driven by huge inflows into exchange traded funds (ETFs) – 364t – fuelled by concerns around the shifting global economic and financial landscape. Fri., 13 May 2016.

Buy emerging markets on the cheap

Mexico, Russia and India markets aren’t deteriorating

Fundamentals for emerging markets aren’t deteriorating, and they’ve got momentum, says CIO Jack Ablin of BMO Private Bank. He likes Mexico, Russia, and India. Fred Katayama reports.

http:/  Mon., 28  March 2016.