Indian Economy-News & Updates

[IndoCarib]

Over 800 global executives have nominated India as the world's most promising location where technology innovation can flourish.

KPMG released its "Global Technology Innovation" report on Thursday, surveying 811 business leaders between April and June. These comprised respondents equally from the Americas, Asia-Pacific, and Europe, Middle East and Africa. Specifically, 25 percent of respondents were from the United States, 12 percent from China and 9 percent from India.

The report found that India trumped Israel, the United States, and China in the inaugural "confidence index," which uses ten factors--including talent, infrastructure, and government incentives--to assess a country's prospects for tech innovation.

India ranked number one with an index of 72, beating Israel by a point, and the United States's score of 65.

The other criteria include: development of disruptive technology breakthroughs; mentoring and access to innovation network (Founders, CEOs, etc.); access to alliances or partnerships; supporting ecosystem (law firms, VCs, and etc.); access to capital; education system, and the ability to drive customer growth.

Overall, India took the third spot on the 2013 Global Tech Innovation Index, behind the U.S. and China. Ten percent of respondents believed that India would generate disruptive breakthroughs, compared with the United States (37 percent) and China (24 percent).

The U.S. is being tipped to retain its crown as the global capital technology innovation, as only a third of respondents believe this concentration of activity will shift elsewhere. Last year, 44 percent believed it would shift.

KPMG India's head of technology and markets Pradeep Udhas said that India's "farsightedness" offset other short-term and structural issues.

"Despite several concerns on data privacy and local technological infrastructure, the outlook for the sector is largely positive. The government can assist the technology sector by enabling easier access to capital through investor-friendly policies and strengthening IP protection laws," Udhas said.

India is world's most promising innovation hub | ZDNet

 

[acid rain]

It only means the telegraph is trying to sell some more papers by catering to the Indian audience.

How will it sell more papers in the UK? just seems like something to fill up empty space with...though I must say these kinds of predictions does benefit us indirectly.

 

[Vinod2070]

The India 2030 superpower movie "Super" must be inspired by the leading economist Douglas McWilliams's visit to India in the year 2030. He is the one that will affirm India's status as the its a beautiful and amazing place with a lost of disgusting servants and beggars

That movie may have been seen by a very few Indians but has created extraordinary impact on a "humiliated" remote Chin out to avenge centuries of humiliation on the net.

 

[IndoCarib]

Most promise for disruptive breakthroughs

1. USA - 37%
2. China- 24%
3. India - 10%

Technology confidence innovation index.

1. India - 72
2. Israel - 71
3. US - 65
4. China - 64

That movie may have been seen by a very few Indians but has created extraordinary impact on a "humiliated" remote Chin out to avenge centuries of humiliation on the net.

that movie was made in Kannada language with satirical intent. Chinese don't understand sarcasm.

 

[shuttler]

Most promise for disruptive breakthroughs

1. USA - 37%
2. China- 24%
3. India - 10%

Technology confidence innovation index.

1. India - 72
2. Israel - 71
3. US - 65
4. China - 64

there is nothing in substance in these reports
where is germany japan s korea france switzerland ...

kpmg is soliciting idiots masturbating along with cheerleading indians!

 

[IndoCarib]

India second largest investor in London

LONDON: India has emerged as the second largest investor in the city of London with Indian companies led by software major InfosysBSE 1.65 % wooed by the investment fervour generated by the 2012 Olympic Games in the British capital.

Software services firm Infosys leads the charge of inward foreign direct investment (FDI) made by a total of 28 Indian companies, which generated 429 additional jobs for the British economy in the last year alone, according to latest government figures released here today to mark a year since London hosted one of the world's biggest sporting events.

"India is a very important market for us and these are fantastic results. The Olympics provided the perfect opportunity for Indians to come and experience London and resulted in more Indian companies setting up here," Gordon Innes, the CEO of London and Partners (L&P) and the Mayor of London's business and promotional organisation, told PTI.

"I had taken the mayor Boris Johnson, to India last year where we held some very important discussions at the national and city level. India has seen phenomenal growth and there are a large number of areas of common interest, such as transport and city planning, where we can work together," he said in reference to the future plans of L&P.

L&P is a not-for-profit public private partnership set up to unlock London to overseas investment.

India brought in a large chunk of the 2.5 billion-pound additional foreign investment into the UK since the Games and Indian FDI projects in 2012-13 are estimated to generate 24 million pounds in gross value added for London's economy over the next three years.

Information and communications technology (ICT) was the key sector in terms of Indian FDI into London, followed by financial services and retail.

"The fact that the Olympics were held here generated a lot of positive imagery globally. Our clients employ us because we are at the cutting edge of innovation. We need to be talking to the right people and London & Partners does a good job at helping us with that," Bangalore-headquartered Infosys said in a statement.

In the financial services sector, Axis BankBSE -3.85 % stood out for setting up its global operations in London as a direct result of discussions during the mayoral visit to India last November.

Cyril Anand, chief executive of Axis Bank UK said, "London has the right mix of potential wholesale and retail business to make it the ideal location for our first international subsidiary. It provides us with a robust regulatory environment which will allow Axis to build on its strong corporate franchise internationally. We look forward to establishing a significant presence in the city."

Among some of the other Indian firms to use London as their global expansion point include Gurgaon-headquartered Indiabulls Group offering asset management and realty products, Indian portal for restaurant information Zomato, export house Vijay Enterprises and Delhi-based tech firm Kayako Infotech Limited.

The 2012-2013 figures build upon India's historical prominence as an investor into London and the UK at large. The country has consistently ranked in the city's top four investors and created as many as 830 jobs in 2011-12 for the economy.

The latest figures were released as part of an overall estimate of the economic impact of the Olympic Games on London's economy. British government research indicated that the UK economy has seen a 9.9 billion-pound boost in trade and investment from hosting the Games.

"We are harnessing the Olympic momentum and delivering the lasting business legacy of the Games that will help make Britain a winner in the global race," Prime Minister David Cameron said in a statement.

The report attributes new contracts, additional sales and foreign investment in the last year to the Games, generating an estimated 4,136 jobs. The US remains the biggest investor into London, bringing in 1,694 jobs, with China coming in third with 365 jobs.

India second largest investor in London - The Economic Times

 

[illusion8]

there is nothing in substance in these reports
where is germany japan s korea france switzerland ...

kpmg is soliciting idiots masturbating along with cheerleading indians!

I saw a whole bunch of Chinese going gaga and masturbating to the same estimations about China - what about that?

anyways, we don't take these seriously unlike you people.

 

[IndoCarib]

there is nothing in substance in these reports
where is germany japan s korea france switzerland ...

kpmg is soliciting idiots masturbating along with cheerleading indians!

If India was not there in the list, the same report would be gospel to you !

 

[faithfulguy]

I saw a whole bunch of Chinese going gaga and masturbating to the same estimations about China - what about that?

anyways, we don't take these seriously unlike you people.

There is a reason some people are estimating China will take over US economy at a certain time as their economy is consistently grow faster than US economy for a long period of time. So people plot the dots in the graph and create two lines. The time the lines intercept will be when China take over the US as the biggest economy.

Until when India can consistently grow faster than China for a period of time, its way to early to predict when will India take over China. If things continue the way they have been, it will be never. But once India can consistently out grow China, than a prediction itself would be viable.

 

[romia]

Could any dear Indian friends here supply me with the lastest GDP data about the rank list of each state in India 2013?

 

[illusion8]

There is a reason some people are estimating China will take over US economy at a certain time as their economy is consistently grow faster than US economy for a long period of time. So people plot the dots in the graph and create two lines. The time the lines intercept will be when China take over the US as the biggest economy.

Until when India can consistently grow faster than China for a period of time, its way to early to predict when will India take over China. If things continue the way they have been, it will be never. But once India can consistently out grow China, than a prediction itself would be viable.

It's not about growth or GDP that we were discussing about...so its a fail for you.

Where is your 2030 Indian movie quote anyway - you use that in every post of yours don't you?

 

[IndoCarib]

India could rival China as a clothing exporter

 

[IndoCarib]

LONDON: India has emerged as the fourth largest investor in the UK, creating over 7,000 jobs, according to latest foreign direct investment (FDI) figures released by the British government today.

UK Trade and Investment (UKTI) published its '2012/13 Inward Investment Annual Report' revealing that 89 Indian FDI projects had helped create as many as 7,255 jobs in Britain.

It puts India in the top five inward investor economies in the UK with the US leading the charge with 396 projects and 48,802 jobs, followed by Japan with 113 projects yielding 7,442 jobs.

Italy and France come in a joint third with 93 projects each and 6,892 and 16,001 jobs respectively.

India emerges as fourth-largest investor in UK - The Economic Times

 

[cirr]

India could rival China as a clothing exporter

Could India rival China as a clothing exporter?

Whom are you trying to fool？

China as a clothing exporter is way ahead of India，even though the clothing industry is no longer of interest to a China that's rapidly climbing up the value chain。

India can pick up some crumbs left over by China。

 

[IndoCarib]

Could India rival China as a clothing exporter?

Whom are you trying to fool？

China as a clothing exporter is way ahead of India，even though the clothing industry is no longer of interest to a China that's rapidly climbing up the value chain。

India can pick up some crumbs left over by China。

you are a fool yourself. Open that link and read moron Li & Fung executive says that. Not me.