In January, India’s oil consumption posted its biggest one-month drop since 2003 as the government’s surprise withdrawal of high-denomination currency notes slowed the economy. An analysis suggests India’s GDP growth for the year ending in […]
The Reserve Bank of India surprised markets today by keeping its borrowing costs on hold for a second meeting in a row. The RBI also changed its stance to “neutral” from “accommodative,” saying it would […]
Apple is discussing with the Indian government the possibility of manufacturing its products in the country. In a letter last month, the company outlined its plans and sought financial incentives to move ahead, WSJ reports. […]
Despite the ferocity of its battle against rival ride-hailing startup Ola, Uber expects its business in India to start producing a profit soon. Uber has focused on India as its most important Asian market since […]
With a cash-to-GDP ratio of 12%, India has a long way to go to bring about a cashless, digitally driven economy. But that’s the goal as the government looks to raise the number of Indians […]
Uber says selling its Chinese business to Didi Chuxing will allow it to focus on the Indian market. Uber says it handles 5.5 million passenger trips weekly in 28 cities, up from 1.6 million per […]
India is offering 10 years of legal residency to foreigners investing 100 million rupees in 18 months or 250 million rupees in three years. The hope is that entrepreneurs will help the nation develop a […]
Plentiful monsoon rains that have improved the outlook for India’s vast agricultural sector should lift overall growth this year to 8%, Economic Affairs Secretary Shaktikanta Das said. Das also cited recently introduced structural reforms whose […]
In India, Samsung is making big moves. For starters, the market is stronger in India when it comes to smartphone growth, as shipments grew 17% in Q2 2016 compared to the same quarter a year […]
New rules in India open the way for as much as 100% foreign direct investment in financial services. Such investments can be made under an automatic route if the services involved are regulated by the […]
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