India Shies Away from the OBOR Party

India Shies Away from the OBOR PartyChinese President Xi Jinping's highly-choreographed One Belt One Road Summit in Beijing last weekend, touted as China’s “grand coming out globalization party,” saw attendance from presidents, prime ministers and global leaders from 28 countries. However, one country was conspicuous by its absence from the megawatt show: India. The event was aimed to map out China's…

Return of the License Raj?

Return of the License Raj?Indian nationalists are attempting to push their country towards China-style mercantilism in hobbling US consumer giants Amazon and Uber from making inroads against local brands Flipkart and Ola, demanding that the government protect local companies against what they call predatory pricing.  The debate has been roiling corporate India ever since two of the country's leading…

Empire 2.0? India Yawns

Empire 2.0? India YawnsThree British cabinet ministers plus the governor of the Bank of England and two other government ministers trooped through India just before Easter in a seemingly desperate bid to drum up support from their largest former colony as Brexit looms – and before, following today’s announcement, they start campaigning for the UK’s June 8 general…

Trump’s Protectionism Rattles Indian Emigres

Trump’s Protectionism Rattles Indian EmigresBrijesh Patel, who has worked in California's Silicon Valley for 12 years, is contemplating relocating to his home town in Bangalore in south India. The 39-year-old computer engineer fears that the new US administration's proposed radical changes to immigration policies will unleash protectionist, anti-immigrant and anti-minority havoc in a country that more than 2 million…

Infosys and Tata Damaged by Boardroom Squabbles

Infosys and Tata Damaged by Boardroom SquabblesTwo of India’s most iconic and respected companies have been hit by damaging publicity caused when their previous chairmen objected to the way the businesses were being run by their successors. In both cases, the main accusations have been that the new managements were breaking established traditions and ethics. This has led to questions not…

India’s Budget Presented under Shadow of Banknote Ban

India’s Budget Presented under Shadow of Banknote BanArun Jaitley, India’s finance minister, this week presented his annual Budget aimed at bouncing the country’s political and economic focus away from the miseries of prime minister Narendra Modi’s three-month-old bank note ban and at projecting an economy with increased growth and less corruption. The demonetization – or cancellation – of 1,000 rupee and 500…

Trouble in the Air

Trouble in the AirThis winter, the air quality in Delhi plummeted so low – with record levels of the tiniest and the deadliest particles that can enter the lungs and other organs – that even the National Capital Territory’s chief minister, Arvind Kejriwal, was forced to admit that the metropolis had turned into a “toxic gas chamber”. The city’s…

Economic Outlook 2017: India

Economic Outlook 2017: IndiaIndia will be hoping for stability in 2017 after it was put through the wringer last year, with a number of natural disasters, including widespread floods and earthquakes. In addition, the country suffered a bloody terrorist attack on security forces and a number of fatal train derailments. But perhaps the biggest shock was economic, and…

Rising US Protectionism Puts Indian Industry on Edge

Rising US Protectionism Puts Indian Industry on EdgeThe Indian industry body ASSOCHAM is warning that India's economy will suffer collateral damage in the event of  a trade war with Mexico and China that is expected to be triggered by incoming US President Donald Trump.  “The Trump threat to protect the US interest in an inward-looking manner is for real now," read the…

Tata Insider Takes Over Indian Conglomerate

Tata Insider Takes Over Indian ConglomerateIndia’s Tata group today began rebuilding its seriously damaged image as India’s most respected and stable conglomerate when it announced the appointment of Natarajan Chandrasekaran, 53, who heads the highly successful Tata Consultancy Services, as executive chairman of Tata Sons, the main holding company. Chandrasekaran will take over on Feb. 21 from Ratan Tata, 79,  chairman…
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