The Guardian (August 9)
“India is attempting to do something the world has never seen before…. No major economy has tried to expand GDP nearly eightfold within a generation while simultaneously redirecting its energy and industrial systems to reach net zero within two generations.” This is remarkable. “China industrialised at vast scale, but not on a sustainable net zero path. Korea, Japan and Europe became wealthy by industrialising before decarbonizing,” but “the world’s most populous country has to do this while also reducing emissions.” And India doesn’t have much choice. “In April, on a single day, all of the planet’s top 50 hottest cities were in India.”
Tags: China, Decarbonizing, Emissions, Energy, Europe, GDP, Hottest cities, India, Industrial systems, Industrialized, Japan, Korea, Major economy, Net zero, Scale, Sustainable, Wealthy
The Economist (June 4)
“You are having too many babies. For decades that crude message was drilled into the minds of Indians by their rulers.” Slogans on schools proclaimed, “Two or three children, enough.” There were even forced sterilizations in the 1970s. “But when Indian school textbooks are reprinted this summer, they will carry a very different message. They will warn not of the dangers of having too many babies, but of the risks of having too few.” The “surprise baby bust” taking place in India “is a warning to the world. It is not just rich places that are becoming less fertile.”
Tags: 1970s, Babies, Baby bust, Children, Fertile, Forced sterilizations, India, Rich places, Schools, Slogans, Surprise, Textbooks, Warning
Reuters (March 30)
In India, artificial intelligence has already facilitated significant job cuts. Major downsizing by Oracle and Amazon appears to be “just the beginning of the headcount reductions.” The ensuing jobs crisis in the “vast outsourcing industry spells trouble for the country’s $4 trillion consumption-led economy.” The long-term impact “of AI on the global workforce may ultimately create more jobs. First, though, it may turn India’s already weak consumption and much-vaunted demographic dividend into a nightmare.”
Tags: $4 trillion, AI, Amazon, Consumption-led economy, Crisis, Demographic dividend, Global workforce, Headcount reductions, India, Jobs, Oracle, Outsourcing, Trouble
Reuters (December 11)
“India’s blistering growth has a quality problem. GDP is speeding ahead at 8% in the world’s fifth-largest economy but the government is doing the heavy lifting on investment. Policymakers have spent years trying to coax companies into spending more, with limited success. The result: growth that looks fast but feels flimsy.”
Tags: 8%, Coax, Economy, FAST, GDP, Government, Growth, India, Investment, Policymakers, Quality, Spending, Success
Axios (October 15)
“More people are concerned than excited about the rise of AI in daily life, with Americans topping the global worry list, per a new global report from Pew Research Center.” Some countries, like South Korea and India were relatively excited about AI with less than 20% of respondents saying they were “more concerned than excited.” In contrast, the majority of U.S. respondents were more concerned about Ai than excited, a level of anxiety only matched by Italy. This “public concern over AI could shape how quickly the tools are adopted, and could upend workplaces if employees aren’t comfortable with the changes.”
Tags: Anxiety, Aopted, Concerned, Daily life, Employees, Excited, India, Italy, Pew, Respondents, Rise of AI, South Korea, U.S., Workplaces, Worry
The Economist (April 26)
“Africans need jobs. The rest of the world needs workers. Migration from Africa is a mega-trend that transcends today’s populist surge” and it is already taking place on a colossal scale. Over 20 million emigrants from Africa now “live outside the continent, a three-fold increase since 1990. That is higher than the number of Indian migrants outside India or Chinese migrants outside China—two big diasporas from countries with populations of similar size to the African continent.”
Tags: 1990, 20 million, Africa, China, Diasporas, Emigrants, India, Jobs, Mega-trend, Migrants, Migration, Populations, Populist surge, Workers
Traders Magazine (September 25)
“Compliance and risk leaders need to reorient their processes and technology to align with how traders trade in today’s markets.” Many legacy systems are “decades out of date, designed in a time when you had to keep an eye on one financial instrument or venue at a time.” Insider trading can occur through economically related securities and a rising number of ”social media-related market manipulation cases” are facing regulators in India (SEBI), Hong Kong (SFC) and the U.S. (SEC). “Market operators and financial institutions must… innovate their practices to ensure market integrity while creating value and opportunities.”
Tags: Compliance, Economically related securities, Financial instrument, Hong Kong, India, Legacy systems, Market manipulation, Processes, Risk leaders, SEBI, SEC, SFC, Social media, Technology, Traders, U.S.
Wall Street Journal (September 18)
“The Federal Reserve’s rate cut Wednesday sounded the all-clear for overseas central banks that are also concerned about their domestic economic growth.” Some major central banks like the BoE and ECB, already beat the Fed in cutting rates, but “there are a number of others, including in India, South Korea and South Africa, that have held back. And the Fed’s move could encourage them to take the plunge.”
Tags: All-clear, BOE, Central banks, ECB, Economic growth, Encourage, Fed, India, Overseas, Plunge, Rate cut, South Africa, South Korea
World Bank (September 3)
“India remained the fastest-growing major economy and grew at a rapid clip of 8.2 percent in FY23/24…. Amid challenging external conditions, the World Bank expects India’s medium-term outlook to remain positive. Growth is forecast to reach 7 percent in FY24/25 and remain strong in FY25/26 and FY26/27.”
Tags: 8.2%, External conditions, Fastest-growing, Forecast, FY23/24, Growth, India, Major economy, Outlook, Positive, Rapid clip, World Bank
Fortune (June 21)
“Nvidia became the world’s most valuable company” earlier this week. Moreover, Nvidia’s market cap of $3.35 trillion “single-handedly eclipses all of Europe’s stock markets in market capitalization.” According to Deutsche Bank, “the chipmaker’s valuation outstrips that of all listed stocks in Europe’s major business hubs—Germany, France, and the U.K.” Currently the “only markets whose listed shares are collectively larger than Nvidia’s are those of the U.S., India, China, and Japan”
Tags: $3.35 trillion, China, Chipmaker, Company, Deutsche Bank, Europe, France, Germany, India, Listed stocks, Market-cap, Nvidia, Outstrips, Stock markets, U.K., U.S., Valuable, Valuation
