Other Briefings
India Upgraded to “Overweight” as Nifty Projected to Rise
Goldman Sachs upgraded India’s rating from ‘market weight’ to ‘overweight’ in a report last week on expectations that the Nifty will rise 17 percent to 7,600 within a year.
Turbulent Times for Retail Trade in India
It has been an eventful two weeks for retail trade in India. With two months left until the elections, experts predict investors will await the results before making any major decisions. Last week, however, a number of big players were caught silently pressing ahead with their retail plans in India.
India Sets General Election Date as Political Tide Shifts
India’s electorate may choose to break its historical tendency to vote according to religious and caste affiliations as the BJP, AAP and Third Front seek broader appeal with messages of good governance, economic development and anti-corruption.
India Manufacturing Activity Showing Strong Growth
Manufacturing activity in India posted its strongest output and growth figures in a year last month, reaching 52.5 on HSBC’s Purchasing Managers’ Index (PMI).
China Becomes India’s Largest Trading Partner
Bilateral trade between India and China has climbed to almost US$50 billion during the first nine months of the current fiscal year, higher than trade with any of India’s other trading partners, according to a study by the PHD Chamber of Commerce in India.
India and Iran Step Up Economic Engagement
Iranian Foreign Minister Mohammad Javad Zarif arrived in New Delhi yesterday for talks with senior Indian officials on a range of issues aimed at bolstering economic and diplomatic ties between the two countries.
India Approves Rs10.24 Billion in FDI Proposals
The Indian Foreign Investment Promotion Board has approved eight foreign investment proposals worth over Rs10.24 billion.
Key 2013 FDI Policy Changes in India
Amendments in Indian FDI policy last year opened a number of key business sectors to increased foreign investment and in several instances eliminate the need for foreign investors to obtain approval from the Indian government before investing. In this article, we outline these key policy changes and examine their impact on foreign investors in India.
