Indian Economy-News & Updates

[IndoCarib]

do you have the ability to follow through and read the remaining part of the woes of indian IT and outsourcing industry as a whole and check them against the april reuters article!?

You should read on ;

Outsourcing theme for the Indian economy is durable in the long term: Robert Parker

ET Now: Firstly the biggest IT giant in India, Infosys came out with a very disappointing set of numbers. Does it raise doubts about the Indian outsourcing story that has had a great potential in the past or you think that in this competitive environment, TCS or HCL Technologies may take over & hence it is a shift in leadership in the sector that can change the view on the sector overall?

Robert Parker: The outsourcing theme for the Indian economy is certainly is durable in the long term. One of the major clients for the outsourcing industry is the European and American financial sector. Given the downturn of activity amongst the investment banks, brokerage firms, inevitably the flow of business from the financial sector to outsourcing companies such as Infosys will be affected.

So in the short term inevitably, outsourcing is still a valid concept but volumes and profitability will be down. One positive which obviously improves the economics of outsourcing has been the reversal in the Indian rupee which improves the economics of outsourcing.

Outsourcing theme for the Indian economy is durable in the long term: Robert Parker - The Economic Times

 

[Bhai Zakir]

India can grow by 8-9 pc with reforms: Singapore PM

Published: Friday, July 13, 2012, 0:00 [IST]


New Delhi, Jul 12: India has the potential to grow at 8-9 per cent over the next 5-10 years by focusing on its intrinsic strengths and taking the Opposition on board to push economic reforms, said Singapore Prime Minister Lee Hsien Loong here on Thursday. "India would be able to grow not just at seven per cent, but 8-9 per cent for another 5-10 years easily, because the potential is there, human capabilities are there," Lee said at a symposium.

Hailing India's efforts since economic liberalisation in 1991, he said the country needed to capitalise on its large human capital and build on the success in the information technology sector. India would have to improve investment climate to attract foreign investments, Lee said, indirectly referring to the implementation the General Anti-Avoidance Tax Rules (GAAR), which was in the midst of controversy recently. Global industry associations and investors expressed apprehensions over India's business environment following the announcement of GAAR.

The introduction of retrospective tax as in the case of Vodafone also added to the uncertainty among overseas investors. "Companies will look at the consequences of the changing rules. If a company has already invested in India, it abides by rule. The companies which have not yet invested in India, they will have to make their assessments. They will look, assess and make calculation that these are the new rules, what does it mean for me after I invest," Lee said. Every Finance Minister, he added, should look at the implications of changing rules. Referring to the challenges before India, he said, "it's a very diverse country and you need to find some way to make everybody feel that."

Loong wants India's active engagement with Asean

Loong also pitched for India's active participation in the Association of Southeast Asian Nation's (Asean) new Regional Comprehensive Economic Partnership (RCEP) to lend stability in the region. Effusive about India's rise in the past 20 years as an emerging economy, Lee said he discussed the issue of RCEP during his meetings with his Indian counterpart Manmohan Singh and other ministers and urged them to take a positive decision with regard to this.

"We want India to be partners in RCEP. I have been discussing this in my meetings so that India can be actively engaged in the region. India's participation will enhance stability and add influence," he said.

"We welcome you to participate in the Asean forum so that it will help keep ASEAN relevant," he added.

Asean's new RCEP will enhance India's access to its market of 600 million. He said Asean needs to be strengthened and all member countries and Asian nations like India, China and Japan should help in this process.

India can grow by 8-9 pc with reforms: Singapore PM

India's May industrial production rises 2.4 per cent, beating expectations

India's May IIP rises 2.4 per cent, beating expectations

 

[jamesbaldwin]

BBC News - Tata Consultancy Services profit grows

 

[eachus]

Chinese Banking System Nearly Bankrupt Says Professor Of Finance At The Chinese University Of Hong Kong - Business Insider
Chinese Banking System Nearly Bankrupt Says Professor Of Finance At The Chinese University Of Hong Kong

Coal stockpiles rise as economy dips - Xinhua | English.news.cn

Bankrupt has a definition. it it not by a big mouth.
according the Wall Street who votes by gold and cash they values Chinese banks the most. here is a link
http://www.brandfinance.com/images/upload/best_global_banking_brands_2012_dp.pdf

you can google search these?
1) which top 5 banks values the most by market caps, on the Earth?
2) which top 5 banks growths fast by annual rates and revenues.
3) which top 5 banks are most profitable in last 3 years,,,and last year.
4) which top 5 backs has most revenue in last 3 years and ,,,,, and last year.
5) which top 5 large banks did not get government bailout and stood safely in last 5 years.

can meet those of those 5 conditions, they are certainly best performance banks on earth. and by your surprise, they are all Chinese banks.

by the way, check the links there, any of top 3 banks in China are more or less equals to all top 5 Indian banks in total by market cap, the 2 most valuable of Chinese banks each values more than top 10 of Indians.

again, what is definition of Bankrupt? did you mean the World's best? you must live in a Bankruptcy World.

on the world's top 100 banks, I found only one Indian bank, 12 Chinese banks.
you may double check if I miss count any.

 

[cloud_9]

 

[cirr]

Kunshan，a county-level city in China's Jiangsu province，had a GDP of 39 billion US dollars in 2011。

Don't know what there is to shout about these Indian megacities，which are not model to follow but a national shame judging by the tiny GDP each produces。

Got it wrong。Kunshan 2011 GDP 253 billion yuan = 40 billion US dollars。

 

[kurup]

Kunshan，a county-level city in China's Jiangsu province，had a GDP of 39 billion US dollars in 2011。

Don't know what there is to shout about these Indian megacities，which are not model to follow but a national shame judging by the tiny GDP each produces。

Got it wrong。Kunshan 2011 GDP 253 billion yuan = 40 billion US dollars。

Nobody cares .......

 

[laman12345]

Kunshan，a county-level city in China's Jiangsu province，had a GDP of 39 billion US dollars in 2011。

Don't know what there is to shout about these Indian megacities，which are not model to follow but a national shame judging by the tiny GDP each produces。

Got it wrong。Kunshan 2011 GDP 253 billion yuan = 40 billion US dollars。

You tell the truth. But so sad for big mouth Indians

 

[cloud_9]

Religare unveils Mantra Airline to connect smaller cities

MUMBAI, JULY 16:
Mantra Regional Airline, under the aegis of Religare Voyages Ltd, is scheduled for take-off on July 23, with everyday flights connecting the northern sector of India, starting with Amritsar and Chandigarh.

Mantra has two exclusive 17-seater Beechcraft 1900D aircrafts for a comfortable travel experience. Moreover Mantra has a personalised touch and therefore every seat on aircraft is a window-cum-aisle seat.

India, a country with 28 diverse states, hundreds of cities and more than a billion people, has limited airlines serving smaller cities. Mantra aims to put those untapped cities on a map, boost air travel and connectivity by Inter connecting cities out of the radar of most airlines. With further expansion on the cards the plan foresees Jammu and Dharamshala entering its fold shortly.

Mantra is part of a larger strategy of Religare Voyages, which started 5 years ago with the launch of air charter services. The vision quickly diversified into Travel Management, Training Academy and Aviation Engineering. The company has fleet of 12 aircrafts spanning across the board ranging from the 5-seater turboprops to 17 seater corporate luxury jets.

Mr. Sanjay Godhwani, Group CEO and MD, quotes "better service and connectivity is our primary objective. Every possible detail has been taken into consideration to ensure that our passengers have a wonderful experience with safe and comfortable flight".

 

[IndoCarib]

India June inflation falls to 7.25%, beats expectations

India’s headline inflation in June fell to 7.25 per cent, lower than projections, but still above the comfort level of the Reserve Bank. The RBI, which uses the Wholesale Price Index (WPI)-based inflation number in its policymaking, is scheduled to hold its mid-quarterly policy review at the end of the month, but the high inflation number means it will likely keep its interest rates unchanged.

India June inflation falls to 7.25%, beats expectations

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India: Car exports winning in South Africa, Indonesia

Made in India, Toyota Etios, Ford Figo and Maruti Ertiga are gaining ground fast in export markets

India's manufacturing sector has limped along for most of the post-liberalization boom -- at least compared with China's. But in automobile and auto parts manufacturing, India may be ready to come into its own as an export economy.

As a case in point, three cars made exclusively in India are gaining ground rapidly in export markets, according to the Hindustan Times.

India: Car exports winning in South Africa, Indonesia | GlobalPost

 

[laman12345]

Cheater Indians Fake inflation data
revised to 7.5 percent from 7.23 percent in May

"Even though inflation number has come below the consensus expectation, sizeable revisions in the past numbers have reduced the credibility of provisional data.

"With food inflation at 10.81 percent, and core inflation at 4.85 percent, nothing has changed materially on the inflation front.

RUPA REGE NITSURE, CHIEF ECONOMIST, BANK OF BARODA, MUMBAI

Expert views on June inflation data | Reuters

 

[IndoUS]

Did you even read the news the 7.5% data is from May.

 

[laman12345]

Did you even read the news the 7.5% data is from May.

do u know what am I talking about?

Cheater Indians said 7.23% inflation in May last month. Now revised to 7.5% from 7.23% inflation in May. what a cheater gov with fake data all the time. revised up secretly almost all the time.

Maybe revised to 8% from 7.25% inflation in June again next month


RUPA REGE NITSURE, CHIEF ECONOMIST, BANK OF BARODA, MUMBAI said:

" India Sizeable revisions in the past numbers have reduced the credibility of provisional data."

 

[gamma]

do u know what am I talking about?

Cheater Indians said 7.23% inflation in May last month. Now revised to 7.5% from 7.23% inflation inMay. what a cheater gov with fake data all the time. revised up secretly almost all the time.

Maybe revised to 8% from 7.25% inflation in June again next month


RUPA REGE NITSURE, CHIEF ECONOMIST, BANK OF BARODA, MUMBAI said:

Sizeable revisions in the past numbers have reduced the credibility of provisional data.

Estimated, revised figures respectively.

 

[laman12345]

Estimated, revised figures respectively.

what a cheater India gov with fake data all the time. Inflation revised up secretly next month almost all the time. Sizeable revisions in the past numbers have reduced the credibility of provisional data.