COIMBATORE: FDI (foreign direct investment) inflows to India are picking up. FDI inflows rose from 1.7% of GDP (gross domestic product) in 2014 to 2.1% in 2015, narrowing the gap with China as a percentage of GDP. FDI inflows accounted for 2.3% of GDP in 2015 for China. FDI inflows into India touched the highest […]
Key Facts
Kenya Bets on U.S. AGOA Agreement to Grow Apparel Exports
Kenyan apparel exports could grow by 5 percent this year to $400 million after the extension of a preferential U.S. trade deal with African nations, according to an industry body. East Africa’s biggest economy exported clothing worth $380 million in 2015, when the U.S. extended its African Growth and Opportunity Act agreement by a decade, […]
BRICS Bank announces first set of loans
The New Development Bank, the just-opened institution co-owned by the BRICS countries of Brazil, Russia, India, China and South Africa, has announced its first investments. The BRICS Bank on Friday announced that its Board of Directors has approved its first set of loans involving financial assistance of $811 million, to be disbursed in tranches, supporting […]
AIIB and World Bank to work on joint projects
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. The Asian Infrastructure Investment Bank has struck an agreement to undertake joint projects with the World Bank as the China-led institution attempts to counter the perception that it is a rival to […]
India’s FDI jumps more than 50% last year
Dubai: India has witnessed a 53 per cent growth in the foreign direct investment last year triggered by manufacturing in automobile, power, pharmaceuticals, among others, and the government is determined to further simplify the process of doing business, a government official said on Monday. The Indian government has undertaken major initiatives to simplify doing business, […]
AGOA and the future of US – Africa trade relations
The US Congress passed the African Growth and Opportunity (AGOA) Act into law in 2000 in order to promote US and African trade relations and contribute to economic development on the African continent through export-led growth. AGOA and the US – African trade relationship has been placed under the spotlight in recent months, particularly with […]
US investments in emerging markets show sudden spike
MUMBAI: US investors pared their exposure to emerging market funds in 2015 but recent outperformance and change in outlook may have led them to rethink their strategies. The allocation of US investors in EM funds dropped to 12% of total equity investment in 2015 compared with 18% in 2009, according to US treasury data. But […]