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August, 2015

  • iinchin tradeIndia truly is the proverbial elephant economy. When other economies are buzzing, bursting and sizzling their way through high growth numbers, the world looks to India and wonders why she is so slow. When economies around the world bust, crackle and fizzle down, India is considered the resilient behemoth who can stand the test of time.

    An economy that needs severe patience to deal with, groom into and mature, India like the elephant never forgets. She’s learnt from past mistakes, likes to move slow and steady and generally takes care of her heard. Yes she might strike wild if she is frightened or lost, she has been plundered for her riches, yet she leads a fairly happy, non-intrusive existence in the corporate jungle.

    India should be glad to be the elephant. Every jungle needs one. Especially when dragons come to roar, elephants bring about a sense of calmness. It is this resilient calmness that companies and investors are flocking to as global currencies and stock markets rumble.

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  • rmbbChina’s devaluation of the Ren Min Bi or peoples currency is expected to have a less than dramatic effect on the Indian economy – the most affected sectors being textiles, metals and chemicals. While the yuan becoming cheaper against the dollar will mean that Chinese exports rise, slightly spurring the economy, analysts expect it to have little impact on the Indian economy as the two little compete for much in the global economy.

    Brought on by a move from Beijing to delink the yuan from the dollar and change the currency’s reference rate, the Peoples bank of China has taken a baby step towards making the yuan an international currency.

    In the short term what experts are worried about though is that it will tilt the basket of goods further in favor of China, increasing the already yawning trade deficit between the sweet and sour neighbours. The widening gap in trade has historically always led to pressures both external and internal on the Indian government, which lends itself to often damaging international relations with China. With the Indian government already balancing under bad loans hoarded on Public Sector Banks, the Reserve Bank of India will need to take drastic measures to maintain a 7+ percent GDP growth this year.

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  • Indian CEOs
    China maybe investing billions in companies worldwide, but its Indians who are controlling these empires.

    With the recent promotion of Sunder Pichai as the new CEO of Google, three Indian born executives now control companies whose combined revenue exceeds the gross domestic product of approximately 140 countries.

    The three CEO’s are Microsoft’s Satya Nadella and Nokia’s Rajeev Suri and Google’s  Sunder Pichai. The combined revenue of the three brands is US$159.6 billion in revenue last year, according to Quartz. Add to this the intellectual capital brought in by Indian born deans of American universities – Nitin Nohria, dean of the Harvard Business School, Sunil Kumar, dean of the University of Chicago’s Booth School of Business, Dipak C. Jain, the current dean of INSEAD and we have ourselves a world in which Indians control both intellectual and financial capital worldwide.

    Below, Inchin Closer profiles 14 of the top Indian born CEO’s of our generation –

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  • indian professionalsAs China’s economy slows, umpteen articles document the rise of Chinese companies globally. Few have looked at what inroads Indians have mapped into the dragons lair. As the world turns towards India for hope, Inchin Closer looks at a growing trend of Indians who have made China their home. Having settled in the Middle Kingdom, many Indians have either set up businesses or joined existing conglomerates to prosper within China.

    First Indians ventured into China just on official assignments, often spanning a year or two. Sent by their Indian company to spread wings in a booming Chinese economy. A majority of these professionals, stayed within themselves, ate Indian food and yearn for the time they would return. Few made local Chinese friends or even bothered to learn more than Ni hao.

    However with the recent flourish of Sino-Indian ties, many Indians are seeing more merit in China than returning back to India. Entrepreneurs, those who want to break away from the mundane in Mumbai or the drudgery of Delhi decide to move and either start a business of their own or join an existing multinational, finally settling in to China.  Read more

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