Economy of India

Outgrowing a catchy moniker, Indonesia is fragile no more

A resurgent Indonesian economy is shaking off the "fragile" label. Photo: Reuters

Emerging markets are a rich picking ground for investment bank analysts with a penchant for developing pet theories they can apply to diverse groupings of economies that start to share some similarities and on which they can slap a catchy marketing label.

Friday, 21 March, 2014, 5:24am

Worrying economic parallels between China and India

Worrying economic parallels between China and India

China and India are very different countries with very different economies. But visiting his opposite number in New Delhi this week, Chinese premier Li Keqiang may well have been struck by some disquieting parallels.

21 May 2013 - 4:13pm 1 comment

East India Co first firm 'too big to fail'

When India debated allowing foreign firms to open supermarkets, protesters shouted: 'This is the return of the East India Company!'

For an institution that has been defunct for almost 150 years, the East India Company still evokes powerful reactions across the world.

14 Mar 2013 - 7:47am

Talking points

Draw held for subsidised homes at Greenview Villa

Almost 60,000 applicants are eagerly waiting to find out if their number has come up in the ballot for flats in the Housing Society's latest project. Some 988 flats will become available at Greenview Villa in Tsing Yi.

28 Feb 2013 - 3:37am

India likely to open door to Ikea

Ikea plans to invest as much as 42 billion rupees in India.

India is poised to approve furniture retailer Ikea's application to open stores as the nation seeks to lure more investment, Commerce Minister Anand Sharma said.

"It should go through," Sharma said on Wednesday. "There should not be any doubt in anybody's mind."

4 Jan 2013 - 2:48am

Challenges ahead for new Tata chief

Tata Motors is India's No 1 carmaker by revenue. Photo: Bloomberg

Cyrus Mistry, who took charge yesterday at Tata, India's biggest business group, may face an uphill battle if he is to meet his predecessor's vision of boosting revenue fivefold to US$500 billion in the next decade.

29 Dec 2012 - 4:58am

How global headwinds are slowing growth in India

Rising gold prices added to India's trade deficit woes.

India has not been spared the effects of global economic headwinds.

In the 2010-11 fiscal year, India's trade gap with China jumped to US$28 billion, its largest shortfall with a trading partner. The mushrooming foreign trade and current account deficits are serious concerns, because the foreign funds required to finance the shortfalls have largely dried up.

20 Dec 2012 - 3:19am

India is next to inspire Hitachi

The company will use India as an export centre. Photo: Bloomberg

Hitachi announced a 70 billion yen (US$838 million) India investment plan as it tries to triple sales dwarfed by its business in China.

The company aims to boost India revenue to 300 billion yen (HK$367 billion) in the year ending March 2016 from 100 billion yen last fiscal year, according to a statement.

15 Dec 2012 - 3:12am

China needs right tools for growth

China needs right tools for growth

China's economic downturn signals the end of the growth cycle that began with its entry into the World Trade Organisation. The country requires painful reforms to deal with the legacy costs and restart a growth cycle.

15 Aug 2012 - 1:51am

Switching MPF providers too slow for most

Half the respondents to a poll said they would not transfer their Mandatory Provident Fund contributions to a trustee of their choice, with most saying 'it's too much trouble'.

15 Aug 2012 - 11:11pm

FDI will rebound: deputy minister

Foreign direct investment coming into the mainland is expected to be steady or slightly higher this year, despite a 2.94 per cent decline in the first half, according to Vice-Minister of Commerce Wang Chao.

17 Jul 2012 - 12:00am

StanChart sees profit growth dipping below 10pc

Standard Chartered Bank expects first-half revenue and pre-tax profit growth to drop below 10 per cent from a year ago as regional currencies weaken against the US dollar and key economies slow down.

28 Jun 2012 - 12:00am

Slide in foreign capital continues

Foreign direct investment (FDI) in the mainland shrank for the third consecutive month in January, prompting a new official warning about the threat that the euro-zone debt crisis poses to the world's second-largest economy.

17 Feb 2012 - 12:00am

Global woes hit investors' appetite for China outlay

Foreign direct investment in China fell for the second straight month in December. It was a further sign of the impact that the European debt crisis and the sluggish US economy are having on China, though the full-year FDI figure still showed gains.

19 Jan 2012 - 12:00am

Why slump in US FDI doesn't count

Slowing economies abroad have dampened foreign direct investment and hurt manufacturing activity in China, increasing pressure on Beijing to further ease its monetary policy.

The United States' direct investments in China fell 23.05 per cent to US$2.73 billion in the first 11 months and investments from the European Union were flat at US$5.98 billion.

27 Dec 2011 - 12:00am