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March, 2015

  • w_pg1Chinese President Xi Jinping, Indian Prime Minister Narendra Modi and President of the United States Barack Obama came together for a heady week of negotiations, multi billion dollar deals, photo ops with business and technology leaders and bids to seal the growth of their nations. As each economy carefully hinges on that of the other, both Mr. Modi and Mr. Xi coaxed larger investments from the worlds richest democracy in exchange for a small piece of the pie that America always wanted – better transparency, a curb on corruption, protection of intellectual property rights, climate change enforcement’s and opening up their economies further. While meetings hussled around the UN general assembly, Modi and Xi both received accolades for their work in American Media. China having a larger economy and much higher trade targets than India, found herself on more front pages than Mr. Modi who is holding on tightly to the sheen of his India shining. India and the US are hoping to increase bilateral trade to US$500 billion in the next few years from the current US$120 billion. China’s bilateral trade with the US is already around the US$500 billion mark. The idea was for each megalomaniac leader to drum up investments and create an international stir to drive their economy forward. For Modi this 2nd trip to the US was a whirlwind affair braced at pushing his “Made in India” campaign tweaked at increasing India’s manufacturing sector which will hopefully absorb the millions leaving agrarian land and graduating by 2020. For Xi, this was his first state visit to the US, marked by a lavish state dinner hosted by US President Barack Obama at the White House. sac lancel pas cher His statement was to boost the Chinese economy with the higher value goods, services and American expertise. In addition to hob-nobbing with leaders in Washington, Xi visited Seattle and Modi Silicon Valley. Xi began his week-long visit in Seattle addressing a gathering of 650 business executives, while Modi chose New York to kick off his five-day visit, addressing two round tables—one of financial investors and another with representatives of media and communication companies including Comcast, Time Warner, Discovery, Sony, ESPN, News Corp., 21st Century Fox, Disney and the ABC television group. Read more

  • India-china-GDP-IMFIn a move that would further boost Chinese investments into India, the International Monetary Fund (IMF) has predicted that India’s GDP growth could outstrip China’s in this financial year 2015-16. According to the IMF’s report, for the first time in 16 years, India’s GDP will grow faster than China’s. nike pas cher Chaussures Asics Pas Cher India is projected to grow at 7.5 percent in both 2015-16 and the fiscal after that (based on market prices), while China, having experienced its worst economic slowdown in 24 years last year, could witness its growth sliding further to 6.8 percent in 2015 and 6.3 percent in 2016. While the IMF’s growth projections for China have been retained at the January level, those for India have been revised up by from 6.3 percent for 2015-16 and 6.4 percent for 2016-17. lunette de soleil ray ban pas cher China’s annual economic growth slowed to a six-year low of 7.0 per cent in the first quarter of 2015 as compared to a growth of 7.3 percent in the last quarter of 2014. The turnaround could signal a change in tide and ring true what analysts have predicted for years – that China’s growth will eventually even off and India which has been a late bloomer will grow faster than China. Over the past decade, India has always been pitted against China, alikened to the tortoise and the hare, the elephant and the dragon, however inertia in the markets has now caused Indian companies to do much better this past fiscal. Read more

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