As India prepares for elections this spring, confidence about the country’s prospects seems ubiquitous. The country has just finalized a new trade agreement; it’s with a small trading bloc composed of Norway, Switzerland, Liechtenstein and Iceland, but the headline number for new foreign investment it commits to bringing in, $100 billion, is nevertheless eye-catching. The … Read more
Private sector capital expenditure needs to make a comeback for rebalancing the Indian economy towards investment and manufacturing – from a consumption driven one – V Anantha Nageswaran, India’s Chief Economic Advisor (CEA) said Thursday.“Balance sheets have been largely repaired both in the financial sector and the corporates. The gross savings of the private non-financial … Read more
India‘s neutral geopolitical position has played to the country’s advantage when it comes to attracting global investment, as more and more countries direct trade towards friendly nations, Claudio Irigoyen, head of global economics research at Bank of America, tells Bhaskar Dutta in an interview. Irigoyen says the “sweet spot” for emerging markets could be the … Read more
New Delhi: Chip Bergh, the global chief executive of denim maker Levi Strauss & Co., said political stability has helped Indians stay optimistic about the future, driving consumer demand as well as investment by multinationals. “Having a stable government has definitely helped,” Bergh told ET in an interview. “It is part of what gives some … Read more
Mumbai: Clawing the economy back to an 8 per cent growth path will require bringing savings and investment rates closer to 35 per cent on a sustained basis, which were 30.2 and 29.6 per cent, respectively, in FY22, according to a report. As per India Ratings, a large part of investments will have to be … Read more