The Indian Economy Blog

July 27, 2007

News Update (July 25)

Filed under: Business — Arjun Swarup @ 5:04 pm

DLF to invest US$ 1.48 billion in Gujarat in a variety of real estate related projects.

India Inc to spice up New York City with its India@60 celebrations (not sure why such an effort is needed, and IF it is, only for the US)

Not exactly econ news, but the US has slashed aid to India dramatically, as India has been recategorized from a developing economy into a ‘transforming’ one.

The NRI impact on India keeps increasing (this has already had a huge impact on the real estate sector in India, as was discussed in the post on real estate in India a while back)

India climbs up the income ladder, entering the lower income countries group a few years earlier than expected.

And,last but not the least, Tatas and Mahindras are reportedly planning a bid for Jaguar and Land Rover.

3 Comments »

  1. You may as well point us to news.google.co.in

    Comment by Shashi — July 27, 2007 @ 8:01 pm

  2. Shashi,

    Thanks for the link. I visited the business section – but I did not find all these stories. These are culled from various websites through the India Brand Equity Foundation (http://www.ibef.org)

    Thanks,

    Comment by Arjun Swarup — July 27, 2007 @ 10:54 pm

  3. “India climbs up the income ladder, entering the lower income countries group a few years earlier than expected.”

    I believe it’s lower middle-income countries. India was previously in the lower-income countries group – the lower limit for middle-income status is $925 or so IIRC.

    Comment by Haku — July 28, 2007 @ 2:26 am

  4. There is nothing like NRI investment. Though the FII investment is greater than earlier but also we can see the impact of small investor greater than before and
    that you can see while XMAS. As per my speculation there
    would no further drop, during that period as we had seen in early years that the money poured by the FII was been drawn during that period. This time the scenario would be different.

    Comment by malter — July 29, 2007 @ 9:01 pm

  5. They are missing the big picture here on aid to India. No, India is not on the verge of a financial crisis, and no India is not a place where brilliant minds cannot find opportunities. It does not need an IMF bailout for its Forex reserves and it does not need debt forgiveness. But India is a place that has not reached universal literacy, has a looming AIDS catastrophe, and will bear the brunt of global warming. In addition it is quickly becoming a major US ally and needs further assistance in pursuing the war on terror. Assistance must be kept on womens rights, environmental management, education, and most importantly advisement on better governance and procurement of existing resources within India. The fact that the Mahindras are rich enough to take a majority stake in Jaguar does not mean that a cotton farmer in Andhra does not desperately need help. This administration is making a very poor decision to cut aid to a people that have come to love and revere them (according to most recent Pew surveys).

    Comment by Rajeev Kumar — August 4, 2007 @ 1:34 am

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