Category: Business
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The East African Indian Odyssey – Full Circle
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The Madhvani family left Indian shores to build a better life around the turn of the last century and eventually they built a vast business empire in East Africa. Like so many, they were thrown out by the oppressive dictator Idi Amin and in the last few years have rebuilt…
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UK & India – More Trade, More Fairness
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Another example of how the relationship between the UK and India is maturing. The UK for decades was the largest Aid donor to India. This has been gradually phased out. Aid is rightly being replaced by better (and I sincerely hope ‘fairer’) trade and technology sharing and support. But the…
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The Year That Was 2015: A Triumph of Economic Diplomacy
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India’s economic story in 2015, notwithstanding small hiccups, has been very encouraging to say the least. The GDP growth from 7 per cent in the second quarter to 7.4 per cent in the third ensured India retains its position as the fastest growing major economy in the world.
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Human development is at the core of India's Smart City ambitions
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New Delhi’s ambitious aims to develop ICT-enabled urban developments, or “Smart Cities”, with modern infrastructure across India with its relatively small $1.2 billion seed money could, according to a recent UK government report, create a market place worth almost $450 billion. Many experts suggest this is a conservative estimate.
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Developing India’s Innovation Capital
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Innovation is imperative if India wants to continue to grow its GDP by 9-10 per cent each annum and improve the quality of life for its citizens. Examples such as China and South Korea demonstrate how innovation can help countries leap frog to a non-linear growth model that not only…
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India a bright spot in a volatile world economy
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The Indian economy is, arguably, among the few bright spots in a world racked by a stubborn and persistent slowdown. IMF chief Christine Lagarde says so and investors around the world seem to agree. Just look at the hard numbers: foreign direct investment (FDI) flows into India soared 24.5 per…
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Easing out India’s ‘suitcase’ approach to business
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One of my very first tasks as a young corporate lawyer in the 1990s was to prepare a Foreign Investment Promotion Board (FIPB) application for a large European company that wished to establish a manufacturing unit in India.
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Global Indian Wealth under the scanner
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The phrase ‘global economic crisis’ sounds so clichéd nowadays. But its very real effects and consequences continue to be felt today. Perhaps the most important impact (and in my view, rightly so) has been the tightening up of lax regulations that govern how financial decisions are made and funds flow…
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One year On – From Development Mandate to Development Mantra
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India voted for a decisive break with the past and voted Narendra Modi and the Bharatiya Janata Party to power 11 months ago. It’s been a year marked by optimism about the future, hope for a new beginning and expectations of a better tomorrow. Now, a month a bit short…
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Leaving behind a lost decade: A Budget for All
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The Indian Budget 2015-16 was one of the most anticipated economic statements to come out of India ever since the Narendra Modi led government came to power in 2014. After a lost decade where the Indian economy constantly fell short of expectations, all eyes were on finance minister Arun Jaitley’s…