Other Briefings
Trade Talks with Finland to Enhance India’s Renewable Energies Sector
India and Finland are set to sign a number of agreements this week in order to boost cooperation in several key industries. Finland’s status as a knowledge-based, clean technology economy is understood to be the main motivator behind the slew of deals, with India keen to reduce its carbon emissions.
Ministry of Finance to Implement New Monetary Policy by New Year
India’s Ministry of Finance has announced a new monetary policy framework to be put in place by the New Year. With details expected by December, the plans represent another attempt by India’s Finance Minister Arun Jaitley to reign in the Reserve Bank of India’s (RBI) control over the country’s monetary policy.
Domestic Firms Head Investment Rush in India’s Fastest Growing State
A multitude of Indian companies have this week announced plans to invest in Madhya Pradesh, India’s fastest growing state. The announcements arrive on the back of new Madhya Pradesh policies to shift from an agriculture-based economy to an industry-based one, and will provide a boost to employment opportunities.
Modi Promises Further Reform at Madison Square Garden Event
During an event in New York, Indian Prime Minister Narendra Modi has said India will soon streamline its business visa regulations, creating a system that is far easier to navigate. He further added that the country’s democracy, demographic dividend and demand set it apart from others and will help boost economic growth in the future.
India’s Finance Ministry Pledges Fiscal Deficit Target Will Be Met
India’s Finance Ministry has this week promised that measures are being taken to help reduce its fiscal deficit. Finance Secretary Arvind Mayaram believes that, due to improved GDP growth, the government’s target to bring the deficit down by 4.1 percent by the end of the financial year is still well within sight.
India Signs Long Awaited Services and Investments FTA with ASEAN
India has formally signed an eagerly anticipated free trade pact in services and investments with the 10 nation ASEAN bloc. When combined with the previous 2009 agreement in goods, the deal will become a comprehensive economic partnership between India and the 10 nation ASEAN bloc.
India and Australia to Strengthen Ties through Long-Awaited Uranium Deal
Australian PM Tony Abbott, arrived in Mumbai last week and met with Indian counterpart Narendra Modi during a two-day visit aimed at boosting trade. High on the agenda was the signing of a deal for Australian uranium, which makes up an estimated 40 percent of the world’s known reserves.
Encouraging Signs for Indian Economy as Modi Completes First Quarter in Office
This week saw Narendra Modi reach his 100th day as prime minister, and early signs indicate that India’s new leader is steering the country’s economy in the right direction. Statistics released this week show a gradual rejuvenation in the Indian economy.
