NEW DELHI: The domestic stock market might have wiped out its entire gains made in 2015, but foreign institutional investors (FIIs) remain confident on the India story and still see it as one of the most sought-out destinations in the emerging markets (EMs) basket, global brokerage firm CLSA said in a note. Most international investors at the CLSA Investors' Forum (IF15) in Hong Kong last week agreed that India is one of the very few structural growth stories and is among the most favoured nations.
NEW DELHI: Comparing China with India or vice versa is like comparing a pumpkin with an apple. China is a huge $10 trillion economy, while India is about $2 trillion, and thus it does not look fair to compare the two. However, both the countries are in the BRICS grouping and it would be fair to see where the actual money flow is happening. Experts say the mammoth Chinese economy is showing signs of slowdown, while India appears to be in a sweet spot. "The world has changed. But change keeps happening.
NEW DELHI: The government is aiming to speed up economic growth to hit the double-digit mark quickly, but analysts are of the view that the Centre would have to break the political logjam to push growth in Asia's third largest economy. The government is looking for an 8%-10% per cent annual economic growth through supply-side measures to increase the capacity in India, rather than risk higher inflation by stimulating demand, Minister of State for Finance Jayant Sinha said on Thursday. "The growth trajectory for India is positive and the long-term story is undoubtedly good.
By Landon Thomas Jr WASHINGTON: The International Monetary Fund warned on Tuesday that continued weak growth in emerging economies would reduce global growth despite an improving outlook in the United States and Europe. The fund unveiled its spring economic forecasts as central bankers, finance ministers, academics and financiers from around the world converged here for a week of networking, deal-making and crisis management (in the case of Greece and its continuing debt talks).
NEW DELHI: "India's negative output gap is showing little signs of closing in 2015. Though the economy has been in a cyclical upswing since late 2014, it has failed to gain broader momentum, global rating firm," Moody's said in a report. "Green shoots are slowly emerging, but the government's failure to deliver promised reforms is the major impediment. India's political infighting is denting business confidence," says the Moody's report authored by Faraz Syed.
MUMBAI: The market expects a rate cut on Tuesday. The Reserve Bank of India may lower interest rates for the third time this calendar year to spur growth, according to all the respondents in an ET poll. RBI Governor Raghuram Rajan may reduce the benchmark rate by 25 basis points at the June 2 monetary policy review, said the 13 market participants surveyed. A basis point is 0.01%. The benchmark repo rate is now at 7.50%. Apart from industry, key members of the Narendra Modi government have been pushing for a rate cut.
HONG KONG | BANGALORE: The most important market for Chinese smartphone makers may no longer be China. For years, hundreds of millions of Chinese have bought smartphones. In the process, they lifted the fortunes of local handset makers, from the well known like Huawei and Lenovo to the obscure like Coolpad and Gionee. But the era of fast growth is coming to an end in China, where the research group IDC said on Monday that phone sales fell 4% in the first quarter from a year earlier, the first contraction in six years. IDC expects no growth in China's smartphone market in 2015.
New Delhi (AFP) - Prime Minister Narendra Modi's right-wing government will unveil its first full budget on Saturday, a day after announcing the time was ripe for long-awaited reforms to kickstart the economy.