Deepak Parekh, Chairman of HDFC Ltd, India's largest housing finance company, was the guest at ThePrint's Off the Cuff. In a conversation with Editor-in-Chief...
In an address to the CII, Das stressed the need for alternative sources of infra financing, and pushed for early completion of FTAs with US, UK and EU.
ICMR’s Covid programme has proved to be a flag-bearer of Atmanirbhar Bharat as we have worked in close coordination with the domestic healthcare industry to make India self-sufficient in testing.
India's fascination with the 'Ease of Doing Business' rankings hasn't served it well. Vietnam ranked below India but has attracted more foreign investment.
A report by National Infrastructure Pipeline task force suggested a mix of public and private investment options to meet the ambitious Rs 111-crore target.
On the first episode of Two Much With Kajol and Twinkle, Aamir Khan and Salman Khan were confronted with another hypocrisy: age gaps. And they didn't come out looking good.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
While the IAF remains committed to the Tejas programme and has placed orders for 180 Tejas Mk1A, the force is eagerly waiting for the Tejas Mk 2 version.
What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.
Godi is dreaming of gaining $5T GDP in 4yrs, while facing a collapsing India economy and global pandemic crisis.
From $2.8T to $5T, it requires India GDP to grow $2.2T(78.5%) over 4yrs, or 15% p.a. growth rate. Even before COVID, India economy had already declined to 5% growth fueled artificially by 5.5% inflation and huge borrowing. Its debt-to-GDP has hit unsustainable 90%. So 25% of gov collectable revenues will go to pay interest alone, with nothing left for meaningful development. Its reckless confrontation with China will further bleed its little resources.
Out of 90 US companies that left China, only 3 setup in India. The rest went to SEAsia that have much better conditions than corrupted, bureaucratic red tape India with broken infrastructure and unskilled labours.
90% companies won’t give up China, the single largest and growing $6.8T market, with a most complete supply chain, largest mfg capacity, highly skilled labours, superb infrastructures, stable currency(RMB has infact strengthen from $1=8.2 to 6.8 within decade). This make China production cost lowest in the world while providing the largest purchasing power mkt.
To do business and invest in India is a great pain in as* even for local Indians, with extremely high risk of default(Spore gov $4.5Bils city project investment simply vanished once BJP lost its state election), non payment, scam, finance difficulty, long company registration waiting, tedious labour laws, lowly educated unskilled labours(ranked global bottom LAST in 2009 PISA), currency devaluation(rupees had dropped from $1=80 to 55 vs over decade), lowly educated PM & gov, unstable society plagued with riots, land acquiring difficulty, broken infrastructures…
Eg. Jp had won a 2016 tender to finance & build $Billions FSR for India, targeting to complete by 2021. After few years, only 2% land is acquired, with nothing build yet.
India may have same large population of China, but most are in poverty, 800Mils are depending on gov food handout. Few can afford expensive Western products. India import(exclude fuel)/export $300Bils is even smaller than tiny Spore $400B. Whereas China has 400Mils wealthy middle class, the largest growing $6.8T consumer market nobody want to miss. With China huge mfg capacity, there is no extra global demand to create another big player that India aspired. India has missed the 40yrs globalization cycle.
Godi is dreaming of gaining $5T GDP in 4yrs, while facing a collapsing India economy and global pandemic crisis.
From $2.8T to $5T, it requires India GDP to grow $2.2T(78.5%) over 4yrs, or 15% p.a. growth rate. Even before COVID, India economy had already declined to 5% growth fueled artificially by 5.5% inflation and huge borrowing. Its debt-to-GDP has hit unsustainable 90%. So 25% of gov collectable revenues will go to pay interest alone, with nothing left for meaningful development. Its reckless confrontation with China will further bleed its little resources.
Out of 90 US companies that left China, only 3 setup in India. The rest went to SEAsia that have much better conditions than corrupted, bureaucratic red tape India with broken infrastructure and unskilled labours.
90% companies won’t give up China, the single largest and growing $6.8T market, with a most complete supply chain, largest mfg capacity, highly skilled labours, superb infrastructures, stable currency(RMB has infact strengthen from $1=8.2 to 6.8 within decade). This make China production cost lowest in the world while providing the largest purchasing power mkt.
To do business and invest in India is a great pain in as* even for local Indians, with extremely high risk of default(Spore gov $4.5Bils city project investment simply vanished once BJP lost its state election), non payment, scam, finance difficulty, long company registration waiting, tedious labour laws, lowly educated unskilled labours(ranked global bottom LAST in 2009 PISA), currency devaluation(rupees had dropped from $1=80 to 55 vs over decade), lowly educated PM & gov, unstable society plagued with riots, land acquiring difficulty, broken infrastructures…
Eg. Jp had won a 2016 tender to finance & build $Billions FSR for India, targeting to complete by 2021. After few years, only 2% land is acquired, with nothing build yet.
India may have same large population of China, but most are in poverty, 800Mils are depending on gov food handout. Few can afford expensive Western products. India import(exclude fuel)/export $300Bils is even smaller than tiny Spore $400B. Whereas China has 400Mils wealthy middle class, the largest growing $6.8T consumer market nobody want to miss. With China huge mfg capacity, there is no extra global demand to create another big player that India aspired. India has missed the 40yrs globalization cycle.