OCT 26, 2016 @ 08:14 PM 5,942 VIEWS
Panos Mourdoukoutas , CONTRIBUTOR,
"I cover global markets, business and investment strategy "
Opinions expressed by Forbes Contributors are their own.
China may be the world’s largest emerging economy, beating India in many economic and financial indicators. But India is beating China in an indicator that matters the most to emerging market investing: financial market development. This means that India is less prone to a financial crisis than China, and therefore, a better investment than China.
Thursday, October 27, 2016
Wednesday, August 31, 2016
By Rama Lakshmi August 30 at 4:30 AM
NEW DELHI — After nearly a decade of painstaking discussions, India and the United States signed a landmark defense agreement Tuesday that will increase the military cooperation between two of the world’s largest democracies.
The agreement was finalized during a visit to Washington by Indian Defense Minister Manohar Parrikar, and it was touted as a symbol of deeper defense ties between the two nations in an increasingly tense part of the world.
Thursday, March 3, 2016
The Washington Post
By Dan Lamothe March 2 at 2:57 PM
The U.S. military’s top officer in the Pacific urged Indian officials Wednesday to pursue even closer military ties with the United States — part of a broader effort by the Pentagon to strengthen a relatively new partnership in the region, as China expands its military footprint in ways that alarm its neighbors.
Adm. Harry Harris, commander of U.S. Pacific Command, said that expanded cooperation between the United States and India will not only be critical to Washington’s re-balance toward the Pacific, but “will arguably be the defining partnership for America in the 21st century.” He said he shared a vision with U.S. Ambassador to India Richard Verma that Indian and U.S. naval vessels will soon steam together “as we work together to maintain freedom of the seas for all nations.”
Thursday, September 25, 2014
BY SANJEEV MIGLANI
(Reuters) - Earlier this month, the Indian army, stationed on a remote Himalayan plateau, built a small observation hut from where they could watch Chinese soldiers across a disputed border.
The move so irked China's military that it laid a road on territory claimed by India and demanded that the tin hut be dismantled. India refused, destroyed a part of the new road and promptly raised troop numbers in the area.
Monday, May 5, 2014
ASIA 5/04/2014 @ 11:00AM
By James Gruber
On the face of it, the title of this article will seem absurd to many. While
economic growth has slowed, it’s still running at a brisk 7.4% annual rate.
Moreover, the Chinese government seems to be successfully slowing credit in
order to rein in a burgeoning debt issue. And it’s implementing a plethora of
reforms which should propel the next phase of growth. China
’s a mess.
This fiscal year’s GDP will be below 5% and near decade lows, government and
corporate debt is high, the current account deficit has been out of control
until recently, inflation reached double-digits late last year, business
confidence and investment are at extreme lows and corruption remains rampant. India
Saturday, April 5, 2014
12:52 AM ET
By Bruce Stokes, Special to CNN
Editor’s note: Bruce Stokes is the director of global economic attitudes at the
. The views
expressed are the writer’s own. Pew Research
During the Cold War, the Indian government attempted to position itself between
by claiming leadership of the Non-Aligned Movement. As Indians head to the
polls over the next six weeks, their country again finds itself in a world with
two preeminent powers: this time, Washington China
and the . United States
And the Indian public is fairly clear where its sympathies lie: with
course, how such attitudes will influence the views of the next Indian
government remains to be seen. But, for now at least, there appears to be no
evidence of broad anti-Americanism on the sub-continent. America
Tuesday, August 9, 2011
Reflections of reality
have a bad-debt problem? India
Aug 6th 2011 | MUMBAI | from the print edition
A RITUAL familiar to students of the subprime and euro crises has started taking place on Indian banks’ conference calls with analysts and investors. The number-crunchers probe the lenders about their exposures to potential bad debts. Bank bosses insist that, although there are niggles, all is under control.
Some scepticism is due. With
’s economy slowing—growth could dip below 8% this year, from a peak of 9-10%—and interest rates rising (see chart), borrowers will be under more strain. India ’s banks have been growing fast for years, often a sign that discipline has slipped. Total loans have almost tripled since 2005. India
The Reserve Bank of India (RBI), which regulates banks and sets interest rates, has a record of running a tight ship. Gross non-performing loans have fallen from about a fifth of the total in 1995 to under 3% today. But the RBI is neither infallible nor squeaky-clean. Between 2005 and 2008 some foreign banks and several local ones got caught by a mini-boom in unsecured loans to consumers that quickly soured. And since the start of the global financial crisis the RBI has quietly given Indian lenders some get-out-of-jail cards; these may pale into insignificance compared with perks doled out by Western regulators but they suggest that the central bank prefers to fudge the recognition of losses in the system if it thinks stability is at risk.