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Of the belief that India is headed to be a USD 55 trillion economy by 2047, India's Executive Director at the IMF Dr K V Subramanian on Thursday said India's growth offers phenomenal opportunities to American investors. Subramanian said this during the launch of his latest book India@100: Envisioning Tomorrow's Economic Powerhouse. The opportunities that are available for the American investors actually are phenomenal., I don't think there is any other economy that is actually going to be providing this kind of return over the next 20 to 25 years, he said at the launch event organised by US India Strategic and Partnership Forum (USISPF) here. Investors who have an eye on India have the opportunity to actually not double but triple their money, the top economist said. They have the opportunity to grow their money 15 to 20 times, I think that is something that is important, said Subramanian, who previously was India's Chief Economic Advisor. In his book, Subramanian explores how In
Investments from American institutions in Indian real estate market declined 39 per cent last year to USD 1.35 billion amid global uncertainties, according to JLL India. During 2022, US-based institutional investors had pumped USD 2.2 billion in Indian real estate. American funds have generally been the biggest investors in Indian real estate market. According to the JLL India report released on Monday, the total institutional investments in Indian real estate rose 14 per cent to USD 5,878 million (USD 5.87 billion) in 2023 from USD 5,151 million in the previous year. The consultant said this reflected India's resilience in the face of global economic headwinds. JLL anticipates investor confidence in the Indian growth story to continue in 2024 as well. In 2023, the largest contributors were foreign institutional investors with 63 per cent share in the total investments. However, the share of inflow from Americas, the conventionally highest contributor in investments, witnessed a
In a sign of growing strains between the world's two biggest powers, President Joe Biden signed an executive order on Wednesday that would block and regulate high-tech US-based investments going toward China. It covers advanced computer chips, micro electronics, quantum information technologies and artificial intelligence. Senior administration officials said that the effort stemmed from national security goals, rather than economic interests and that the categories it covered were narrow in scope. The order seeks to blunt China's ability to use US investments in its technology companies to upgrade its military while also preserving broader levels of trade that are vital for both nations' economies. The United States and China appear to be increasingly locked in a geopolitical competition, along with their deep trade relationship as the world's two largest economies. Biden administration officials have insisted that they have no interest in decoupling from China, yet the US has ...
In a strong pitch to US entrepreneurs, Prime Minister Narendra Modi said "this is the moment" to invest in India as governments of both countries have done the groundwork for businesses and companies to take advantage of the opportunity and to "play and proposer". Addressing business leaders and philanthropists from India and the US as well as other prominent members of the Indian-American community at the Kennedy Centre here on Friday, he stressed that the India-US partnership is not of convenience but one of conviction, shared commitments and compassion. Highlighted the profound transformation currently underway in India and the strides being made in various sectors, the prime minister invited the professionals to forge partnerships with India. "In Washington DC, had an engaging interaction with leading professionals across various fields. Glad that @SecBlinken also joined the programme. Highlighted the vast opportunities India offers. Reiterated how this is THE moment to invest i