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Protests and a weakening economy spell a rocky road ahead for India’s Narendra Modi

Eight months ago, Narendra Modi was being hailed as India’s most popular leader in decades. His incumbent Hindu nationalist Bharatiya Janata Party (BJP) won a general election by a landslide in May, increasing its share of the vote on its impressive 2014 win. To read more: https://edition.cnn.com/2020/01/16/asia/modi-protests-india-analysis-intl-hnk/index.html (0)

Amazon partners with India’s second largest retailer to sell its goods online

Amazon  is deepening its relationship with India’s second largest retail chain, Future Retail, as the e-commerce giant widens its footprint in one of its key overseas markets. The two said on Monday that they have entered into a long-term business agreement to expand the reach of Future Retail’s stores through Amazon India marketplace. Future Retail operates […]

Legacy of India’s legendary dealmaker under threat

For more than 150 years, the Tata Group has been synonymous with India’s nation-building project, venturing into everything from autos to airlines when its country needed them. And no executive better personified the country’s emergence on the world stage than Ratan Tata, whose string of dazzling takeovers took a largely domestic firm global. Now at […]

Toxic air and gridlock: India’s tech cities are choking on their success

Like thousands of others, Megha Mathur movedto the Indian city of Gurgaon for acoveted job in tech. She soon realized she wouldn’t be able to live there very long. The pollution was so bad she had to check an air quality app on her phone several times a day to see whether it was safe […]

India’s slowing economy takes deadly turn, but Modi’s in denial

When Vodafone Chief executive Nick Read told reporters in London this month the company might have to shut up shop in India, the response from New Delhi was swift and unequivocal. Almost as soon as Read had finished his press conference – in which he alluded to two lawsuits that have left the company owing US$55 million […]

Google, Walmart Help Drive India Payments Past 1 Billion Transactions

A payments platform created by India’s largest retail banks surpassed a billion transactions in October, a milestone that affirms the tremendous growth of services offered by U.S. giants from Walmart Inc. to Amazon.com Inc. and Google. Indian digital payments took off when the government pushed demonetization in 2016, invalidating most of the country’s high-value currency notes in a move to curb corruption […]

India Will Have a Say in Whether China Dominates 5G

Will Huawei Technologies build India’s 5G wireless networks? In the technological cold war between the U.S. and China, India—the world’s second-largest wireless market by number of users—may be the biggest prize up for grabs. Washington wants India to reject Huawei and instead choose one of its Western rivals, Sweden’s Ericsson or Finland’s Nokia. Beijing, needless […]

India gold demand tapers off after festival spike

Gold discounts in India widened this week as physical demand cooled because of high prices after a busy festival week while activity in other Asian hubs was largely steady. India celebrated Diwali and Dhanteras last week, some of the busiest gold-buying days in the country, when demand peaks because gold is considered auspicious. Read more: […]

What India’s extraordinary growth and future can teach global leaders

If the 19th century can be characterized by the rise of industrialization and the 20th century by the expansion of the market economy and globalization, the defining characteristics of the 21st century are dramatic and pervasive transformations and a shift from unipolarity towards multipolarity. Read more: https://www.weforum.org/agenda/2019/10/future-of-indian-economy-and-society/ (4)

Now Crisil lowers India’s GDP growth forecast to 6.3%, says slowdown deeper than suspected

Domestic rating agency Crisil on Wednesday cut India’s GDP growth forecast to 6.3 per cent for fiscal year 2020 from its earlier forecast of 6.9 per cent. This comes after the GDP growth was at its slowest in almost 6 years and grew only at 5 per cent in the first quarter. The agency has […]

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