The 'Missing link in India's Act East Policy', as India's former foreign secretary Shyam Saran calls it, needs to be filled sooner rather than later, says Dr Rahul Mishra.
'I hope that the incoming Biden-Harris Administration works with India to address some of the most profound geopolitical transboundary challenges.'
The Indian market on Tuesday displaced its South Korean counterpart to attain the fourth position in the market cap rankings for the Asia Pacific region, with a total market cap of $821 billion.
The estimated 10 per cent average hike in 2019 is at par with the actual rate of increase in the previous three calendar years in India
S&P Global Ratings on Monday retained its forecast of 9 per cent contraction in the Indian economy for the current fiscal, saying even though there are now upside risks to growth but it will wait for more signs that COVID infections have stabilised or fallen. S&P, in its report on Asia Pacific, projected the Indian economy to grow at 10 per cent in the next fiscal.
Growth in the Asia-Pacific region will be low, the aqency said
72 per cent of the revenue of Indian firms (India Inc) is derived from the domestic / home market - the sixth highest in percentage terms in the emerging market (EM) and the Asian region, said a recent report by Morgan Stanley. The balance, according to the report titled 'Global Exposure Guide 2021' co-authored by analysts led by Jonathan F Garner, their chief Asia and emerging market strategist, is split between the developed markets (DMs) and other EMs. The report is based on an analysis of 3,300 companies globally that have revenue exposure in 17 different regions.
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Employees in India were found to be more eager than employees across the region to adopt new workplace technologies
About 72 per cent of Indian employers, i.e. three in four, believe the focus on such initiatives is likely to grow stronger two years down the line.
India Inc's share of the global public and additional offerings was unchanged at 2.30 per cent in 2006 with 125 Indian firms mopping up $12.97 billion.
Unemployment level in India and other South Asian countries remained static for a decade since 1993 despite trade rising from 20 to 34 per cent of GDP in the last 13 years.
'Washington senses that the anchor sheet of India's strategic autonomy lies in its longstanding partnership with Russia, which remains firm and immutable despite the changes in world politics in the post-Cold War era,' notes Ambassador M K Bhadrakumar.<
The quality of cars manufactured in India continued to improve with problems reported by customers dropping in all categories, a study by JD Power Asia Pacific has said, while the country's leading car maker Maruti Suzuki emerged at the top in the 'I
Mumbai's Bandra Kurla Complex moved down from 18th to 19th position.
Tata group controlled Taj Hotels Resorts and Palaces is in the lookout for tie-ups with international hospitality groups in Asia Pacific
'While we note the very strong cyclical recovery in the economy, we believe there is still uncertainty over medium-term prospects.'
Virender Aggarwal, chief of Satyam Computer Services, Asia Pacific, became the first Indian to receive the prestigious International Management Action Award of Singapore.
Google CEO Sundar Pichai on Thursday said the company continues to engage closely with partner Jio on the initiative of building an affordable smartphone and that work is underway on the project. Last year, Google had picked up a 7.7 per cent stake in Jio Platforms for Rs 33,737 crore. It had also entered into a commercial agreement with Jio Platforms to jointly develop an entry-level, affordable smartphone.
India jumps to fourth from thirteen in the list of countries having households with more than $100 mn private wealth.
Tata has invested in over 10 start-ups in personal capacity.
A summary of sports events and persons who made news on Tuesday
'India is possibly the most fiscally constrained market in the region.'
Lamborghini, which expects 60% growth this year has priced Huracan Evo at Rs 3.73 crore, also said in the next five years India will be one of the top 15 markets for the company.
Air passengers in the Asia Pacific region continue to reap the benefits of the fare war unleashed by the world's leading airlines despite mounting cost of the aviation turbine fuel.
TCS will provide a mobile application and technology support for the event on December 7.
China with a growth rate of 25 per cent and India at 18 per cent, are among the fastest growing markets fueling the boom in entertainment
The annual India-United States bilateral Malabar naval exercise which kicked off on Monday in the Asia Pacific region is not aimed at containing China, the Pentagon has said.
Countries all over the world are struggling to attract foreign direct investment.
Krishan Dhawan has taken over as the managing director of Oracle India Pvt Ltd, a wholly owned subsidiary of enterprise software company.
Global rating agency Standard & Poor's on Thursday warned Asia may see lower growth this year due to adverse impact of oil price pressure and tsunami, but said India will be an 'exception.'
Last year, Chinese media sharply criticised the Malabar exercises.
Hollywood star Richard Gere has been roped in as the brand ambassador for Visa International for the Asia Pacific market.
