Indian Economy-News & Updates

magudi · Aug 13, 2015

Echo_419 said:
Wrong title right title should be oil prices approve upgradation of highways

Nope its gold prices

kurup · Aug 13, 2015

magudi said:
www.blogs.wsj.com/briefly/2015/08/12/five-things-that-show-modis-make-in-india-campaign-is-working/

Someone make a thread and tag haters, let's see them butt hurtz

link does not exist ... propaganda article .... nothing surprising from bhakts like you .... :disagree:

Star Wars · Aug 13, 2015

kurup said:
link does not exist ... propaganda article .... nothing surprising from bhakts like you ....

5 Things That Show Modi’s ‘Make in India’ Campaign Is Working - WSJ

FDI is surging

Foreign direct investment between October and May was up 40% to $23.7 billion from the same period a year earlier. Net investments by foreign institutional investors, or the money coming through financial markets, totaled $40.92 billion in the fiscal year ended March 31, roughly seven times as much as in the prior year.
Industrial production is warming

The pick-up in investments is starting to show in the country’s industrial production numbers. Official data show India’s industrial production rose an average 2.7% year-over-year in the seven month period from October to May. Nothing spectacular one may say. But it is a significant step up from the measly 0.6% increase during the comparable period a year earlier.
Foxconn bet billions

Contract-manufacturing giant Foxconn last weekend announced plans to spend $5 billion on factories and research and development in the western Indian state of Maharashtra. The company is one of the many looking to produce in India as the country’s consumers spend more on electronics.
GM doubled down
General Motors Co. recently announced it will invest another $1 billion. It has struggled to gain market share in India but its decision to pour in more funds and retool so it can make cars for domestic consumption and export shows it expects things to improve.
Uber is ramping up its roll out
While it is a services company and not a manufacturer, ride-hailing app Uber Technologies is ramping up its commitment to India. India is already its second-largest market in terms of cities served. To meet growing demand, Uber recently announced will invest $1 billion over nine months to build its network in India.