Developments in foreign direct investments (FDI) in India in the wake of the new government in Delhi is the topic of a panel discussion at law firm Taylor Wessing in Hamburg. The event, co-organized by Taylor Wessing and German-Indian Round Table (GIRT) Hamburg, will take place on November 5, 2015 between 17:30 and 20:00 hours and is a part of the India Week Hamburg 2015.
GIRT Hamburg and Bremen Chamber of Commerce invite to an insightful event on 21st Nov. 2013
Latest data suggest that India is again set on a growth track. Away from media limelight India’s hinterland has emerged as a key driver of economic growth. A recent report in the Economic Times (4th October 2013) said, “India Inc’s rural champions have probably never had it so good”. “At a time when the rest of India Inc is either groaning under heavy debt or struggling to sell in a sluggish market,” the report said, “companies with heavy rural focus are literally licking their lips in anticipation of a surge in demand in India’s villages and towns.” The news items also quoted a Deutsche Bank report saying that “years of above-average rainfall have increased rural prosperity and stock markets have responded by pushing up prices of companies with a strong rural presence.”
Hamburg (Oct. 8, 2013). The International Monetary Fund (IMF) released yesterday new World Economic Outlook (WEO), which sees slowdown in economic growth for most major econmies this year. On a positive note it expects the growth to resume an upward trend in the next year. The Executive Summary states:
„Global growth is in low gear, the drivers of activity are changing, and downside risks persist. China and a growing number of emerging market economies are coming off cyclical peaks. Their growth rates are projected to remain much above those of the advanced economies but below the elevated levels seen in recent years, for both cyclical and structural reasons.“
„In 2012, India received 6.58 million foreign tourists, up 4.3 per cent over the previous year. India’s foreign exchange earnings in 2012 from tourists were USD 17.74 billion, showing an increase of 7.1 per cent year on year.
„India’s share in the international tourist receipts in the year 2012 was 0.64 per cent with overall ranking of 41. The country’s share in international receipts in the year 2012 was 1.65 per cent with overall rank of 16.
„Foreign exchange earning from tourism during January to August 2013 were USD 12.025 billion with a growth of 6.7 per cent, as compared to USD 11.273 billion year on year.“
The same report also suggests that India is considering granting visa-on-arrival, amongs others, for German citizens.
Source: „India intends to extend visa on arrival for 40 countries including US and UK“ (Oct. 6, 2013, NDTV.com)
Public Events at Universität Hamburg: „India’s Emergence as a Global Hub for Frugal Innovations“ (29 April 2013, 18:15 – 19:45, Hörsaal H, Hauptgebäude, Edmund-Siemers-Allee 1 / Dr. Rajnish Tiwari, Institute of Technology & Innovation Management, Technical University Hamburg-Harburg
For more information on the lecture series „Economic Developments in South Asia“, see: http://www.aww.uni-hamburg.de/EconomicDevelopmentsSouthAsia.html
Or, see PDF file: UniHH_Lectures_SoSe2013