The Economist (March 5)
“Every second three more Indians experience the internet for the first time. By 2030 more than 1 billion of them will be online.” Smart phone usage is soaring. And “no battle for the online future of India is more intense than the one now being waged in e-commerce.”While this is a “local battle for customers,” it is “also a battle for the future” that will likely prove “a better template for the e-commerce battle in other emerging markets.”
Tags: Customers, E-commerce, Emerging markets, Future, India, Intense, Internet, Online, Smart phone
New York Times (October 15)
“India is a vigorous democracy that has sent an orbiter to Mars. Yet its children are more likely to starve than children in far poorer nations in Africa. In a remarkable failure of democracy, India is the epicenter of global malnutrition: 39 percent of Indian children are stunted from poor nutrition.”
The Economist (October 10)
“Every so often a country comes along whose economic transformation has a vast impact on the world’s climate system. For the past generation that country has been China. Next it will be India.”
Tags: China, Climate, Economic transformation, Generation, Impact, India
Chicago Tribune (August 3)
“Shrinking ice caps, rising seas, more flooding, more intense heat waves—these phenomena are happening now. The question is whether we can band together as a planet in time to reverse the effects.” The Environmental Protection Agency (EPA) just announced limits for greenhouse gas emissions from power generating stations. The EPA’s plan is a step in the right direction. “The more seriously the U.S. acts, the more likely other polluting nations like China and India will do the same in Paris.”
Financial Times (April 14)
The International Monetary Fund (IMF) released its biannual forecast. Among the predictions, “India is expected to outperform China in growth for the first time in 16 years.”
Institutional Investor (February Issue)
“Prime Minister Narendra Modi is shaking up India with his pragmatic, pro-growth government, but it will take time to fulfill the sky-high expectations he’s raised.”
Tags: Expectations, Government, India, Modi, Pragmatic, Pro-growth
New York Times (February 11)
“It is inevitable that India will eventually grow faster than China for the simple mathematical reason that it is easier to make a small economy bigger than it is to increase the size of a larger one.” On top of that, “China’s population is aging and its labor force is shrinking whereas about half of Indians are 25 or younger and its work force will be expanding for many years to come.”
Tags: Aging, China, Economy, Expanding, India, Labor force, Population, Shrinking
New York Times (December 6)
“Mexico, Indonesia, Nigeria and Turkey — the so-called MINT economies — along with the more developed South Korea,” could surpass Italy, the world’s eighth largest economy, to each contribute 3-5% of global GDP. The MINTs may even give some of the BRICs a run for their money. Jim O’Neil, who coined the term BRIC to refer to Brazil, Russia, India and China, thought each had potential to produce 5% of global GDP. China’s already there and India will be soon, but it’s becoming apparent that Brazil and Russia will struggle without reforms. While the MINTs “have many challenges, they all have exciting potential, and could become mini-giants, if not quite on the scale of some of their well-known BRIC colleagues.”
Tags: Brazil, BRIC, BRICS, China, GDP, India, Indonesia, Italy, Jim O’Neil, Mexico, MINT, Nigeria, Reforms, Russia, South Korea, Turkey
The Economist (November 8)
Brazil and Russia are the “dodgiest duo” of the six susceptible emerging markets, which also include India, Indonesia, South Africa, and Turkey. India and Indonesia now appear relatively “secure” while both South Africa and Turkey have bright spots. However, “the mixture Brazil and Russia face—falling currencies, high inflation and slow growth—could make 2015 a very bad year…. Even optimists think the pair will be lucky to grow in 2015. Pessimists see tumbling currencies, bond-market routs and even bank runs.
Tags: 2015, Bank runs, Bond market, Brazil, Dodgiest duo, Emerging markets, Falling currencies, India, Indonesia, Inflation, Russia, Slow growth, South Africa, Turkey
Forbes (August 22)
Steve Forbes urges India’s new Prime Minister Narendra Modi to first create a “sound and stable currency” through disciplined monetary policy that initially includes a dollar or euro peg. Among his other tips: “Simplify the tax code with a low-rate flat tax” and “Be extremely cautious in attacking subsidies, especially those that benefit the poor, until the economy is in a true boom.”
Tags: Currency, Dollar, Economy, euro, Flat tax, India, Monetary policy, Narendra Modi, Peg, Poor, Steve Forbes, Subsidies, Tax code
