India to showcase its economic strength and growth potential at WEF
The Dollar Business Bureau Union ministers Nitin Gadkari and Nirmala Sitharaman joined today with over 100 corporate leaders from India at the World Economic Forum meet at Davos, Switzerland to display flagship programmes such as Make In India, Digital India etc. These programmes are expected to be showcased by the Government officials as the country seeks to attract more investments. They would also represent India’s economic strength and overall growth potential. The WEF, held at Davos annually is the most sought-after gathering of elites from the spheres of business and politics. This year, the theme reflects a need for responsive and responsible leadership, very apt considering the political shocks that major western nations have rocked the world economic scene with. India appeared to be ...
Growth prospects remain favourable in India: IMF
Source: PTI Near-term growth prospects remain favourable in India, but some macroeconomic imbalances still exist, International Monetary Fund (IMF) said on Thursday ahead of the meeting of finance ministers from G-20 countries in Turkey. "In India, while near-term growth prospects remain favourable and external vulnerabilities have decreased, some macroeconomic imbalances remain," IMF said in its report 'Global prospects and policy challenges' meant for the G-20 meeting of finance ministers in Ankara. "While the faster-than-expected fall in inflation has created space for considering modest cuts in the nominal policy rate, medium term inflationary pressures and upside risks to inflation remain," the report said. With balance sheet strains in the corporate and banking sectors, financial sector regulation in India should be enhanced, provisioning ...
India Inc draws $7.1 bn private equity funds in six months
Sai Nikesh D | The Dollar Business Indian companies seem to have gained more trust of private equity investors who have already pumped in more than $7 billion in the past six months, more than 38% invested during the first half of last year. With $7.1 billion commitment involving 460 deals with IT&ES (Information Technology and IT-enabled services), banking & finance and pharmaceuticals sectors, private equity funds’ participation in H1 of 2015 witnessed 38% year-on-year growth, said Associated Chamber of Commerce and Industry (ASSOCHAM), in its study. Speaking to The Dollar Business, Arvind P Mathur, president, Indian Private Equity & Venture Capital Association (IVCA), said, “Private equity players are focusing prudently and selectively in diverse range of Indian enterprises. They ...
