#April 2017, #Special Edition – May 2017, #The Americas, #THE AMERICAS, #India-US, #December 2017
The chief of one of India’s leading trade bodies, the Confederation of Indian Industry (CII), traces some of the lesser known facts behind India’s positive impact on the US economy in this ‘India Global Business’ exclusive.
Over the past two decades, the bilateral partnership between India and the United States had grown in leaps and bounds. Looking back at the trajectory of the relationship, we have truly come a long way – from the cloud of suspicion that hung after India conducted its nuclear tests in the 1990s to the landmark US-India civil nuclear agreement in 2006 – which helped spur sustained engagements at the very highest levels – till today and the establishment of an array of official dialogues encompassing all aspects of our bilateral relationship.
#August 2017, #The Americas
Donald Trump’s ambivalence on economic and strategic issues concerning India is coming in the way of taking bilateral ties to the next level.
If India and the US were Facebook friends, then many in the Indian establishment would be justified in describing the relationship as “It’s complicated.”
India is a “major defence ally” of the US, the economic relationship is vibrant, at least on the face of it, Washington has reiterated its support for India to be admitted into the Nuclear Suppliers’ Group (NSG) as a full member and public statements by senior government officials on both sides continue to exude warmth.
#Cover Feature/Auto, #August 2017
From a non-existent base 40 years ago, the Indian auto industry has come a long way, writes an industry expert.
Today, India is one of the largest auto industries in the world with an annual production of 25.3 million vehicles, significantly above conventional automotive superpowers such as the US (17.5 million vehicles) and the EU (12.6 million vehicles). The sector directly contributes $97 billion to the Indian economy with automobiles contributing $58 billion and the automotive component sector contributing $39 billion.
#INDIA-UK, #Special Edition – May 2017
As many as 800 Indian companies in the UK generated £47.5 billion in combined revenues in 2016 and contributed significantly to Brexit-bound UK’s economic growth outlook, a new report reveals.
The ‘India meets Britain Tracker 2017’, released annually by professional services major Grant Thornton in collaboration with the Confederation of Indian Industry (CII), has found that Indian companies employ around 110,000 employees in the UK and last year had a combined capital expenditure of £4.25 billion.
#April 2017, #Special Edition – May 2017, #The Americas, #THE AMERICAS
As the Donald Trump administration begins to deliver on his poll promise of cracking down on the alleged misuse of H1B visas, Indian IT companies are feeling the pinch.
Donald Trump’s election rhetoric is returning to bite the Indian IT sector as policy formulations of the new US administration.
First, here are some updates on the bad news on H1B visas, the visa category mainly used by Indian IT companies to ship Indian IT professionals to the US.
#February 2017, #UK/EUROPE
David Landsman is the Executive Director of Tata Limited and recently took charge as the Chair of the Confederation of Indian Industry (CII) India Business Forum (IBF) in the UK. He took time out for ‘India Global Business’ to talk about this new role, his wider perspective on post-Brexit India-UK ties and the need to address a decline in India’s exports to Britain.
What does the post-Brexit era hold for Indian companies looking at UK/Europe for expansion?
Over the past few years, more and more Indian companies have been expanding their activities in the UK and across Europe as part of their globalisation strategies. There is no doubt that there will continue to be important opportunities for Indian business, both in the UK and the rest of Europe. It is early days for Brexit and much remains to be clarified.
#May/June 2016, #2016, #UK/EU
Investments from India into the UK rose by nearly 65 per cent in 2015, establishing India as the third largest source of foreign direct investment (FDI) into the UK. The number of fast-growth Indian companies in the UK, growing at more than 10 per cent, has nearly doubled from 36 to 62 firms in a year. These are just some of the key findings of a new report by Grant Thornton.
#US Election, #2016, #October 2016
There is much that binds India and the US, from famous Indian American contributions to spiritual gurus that made a lasting impact. ‘India Global Business’ takes stock of some highlights.
#May/June 2016, #Africa, #2016
India-Africa trade jumped from just $1 billion in 2001 to $71.4 billion in 2014-15. It is one of the success stories for Indian industry in developing and expanding an emerging market and highlights the benefits of South-South cooperation.
#July/August 2016, #2016, #Brexit Special
The India-UK economic relationship is an important one, and would continue to go from strength to strength as the UK exits from the EU, according to the Confederation of Indian Industry (CII).
CII reaffirms its commitment to building trade and investment ties and positively enhancing business linkages with the UK.
There is an increasing level of Indian investment into the UK, and many of these Indian businesses are doing extremely well. A recent Grant Thornton/CII ‘India Meets Britain’ report noted that the number of Indian companies growing at over 10 per cent per year in the UK has jumped to 62 from 36 in the previous year. Telecom and technology companies have achieved phenomenal growth, for example HCL Technologies recorded a growth of 728 per cent.