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Investment News and Commentary from Emerging Markets in Asia - China, India and ASEAN




About 2point6billion.com

2point6billion.com discusses business and investment news rising from the geopolitical relations of China and India, and the interactions these two countries have with the rest of emerging Asia.



Monthly Archives: September 2007

Globalisation: India and China- Reaping the benefits:who has done it better??

2point6billion, today, brings to you a wonderful discussion on the effects of globalisation on India and China by Dr. Pradeep Taneja, and Dr. Salim Lakha, lecturers, University of Melbourne, Australia. This is called :The Melbourne University Up Close, a fortnightly podcast of research, personalities, and cultural offerings.

We first get you a feel of it to run for the rest: a bit of teaser if you like to call it!

China had a head start over India in opening up its economy and attracting foreign companies, foreign investment and therefore creating more employment… 

…It was interesting that last year, of the 3,000 or so graduates from all the IITs in India, only 18 went to work overseas …how Indian graduates who used to earlier live and work overseas for multinational companies, and that has turned around. For example, the prestigious Indian Institutes of Technology, in the past, before these new economic policies came into effect…

…the future of China’s economic reforms and these current economic policies will really depend on how these political issues are resolved. I mean, the famous New York Times columnist, who wrote that book [The] Lexus and the Olive Tree, he compares India and China to two cars, driving on two different roads. He says, India is like a car driving on a bumpy road at about 60-70kmph. China is like a car driving on a very nice expressway, very smooth expressway at 130-140 kmph. But the difference is…..

Remember the Chinese Growth Model- will it survive?  on 2point6billion on similar lines..

“….. untenable. I mean, ideologically, it is already very difficult for the Chinese Communist party to continue to justify their economic policies in ideological terms. And I think in the longer term it will become difficult to justify it to the Chinese people, particularly the growing middle classes in China….”

You just cant miss this out. Follow the link and enjoy!

And I will wait to see what you have to say

Posted in Foreign Trade | 8 Comments

India Liberalises Overseas Investment Norms: Expect It To Be Effectual Or Is It Just A Feel Good Factor?

The Reserve Bank of India (RBI) has in a bid to offset the tide of the foreign currency inflows that have sharply strengthened the Rupee against the dollar, on this Tuesday the 25th September, 07, lifted some of the curbs on Capital Outflows as a part of ongoing efforts to eventually lift curbs on currency transactions and create a fully convertible Rupee from a partially one {The Committee on Fuller Capital Account Convertibility (CFCAC), gave its report  last year, in September laying down road map for 5 years  to make the Rupee fully convertible hence doing away with RBI approval} There have been relaxations brought in with immediate effects for local companies, mutual funds and individuals to tame the rising rupee.

These amendments were the need of the Hour. The Rupee (risen by around 11% in 2007) closed at a new nine – year high of 39.74 per US Dollar on 25th September, 2007 so that you could now buy one US dollar for only Rs 39.91 which a few years back was available for more than Rs 44. Overall rise in last 15 days was around 2%, thanks to the US Fed rate being cut by 50 basis point and led to FFI’s bringing in billions into the country accumulating the total FDI in the country to $ 11 billion. Hence the said measures.

The Treasury Head of Kotak Mahindra Bank Ltd. said “The purpose is to create a demand for dollars in order to neutralize the large inflows that are coming into the country”.

Thus in view of the above and in consultation with the Government of India, RBI decided to accelerate the implementation of the third phase of the recommendations of CFCAC with regard to the foreign exchange outflows. The measures announced with immediate effect are:   Continue reading

Posted in Foreign Trade | 1 Comment

Deal Size of M&A Activities in the First Half on 2007

 Numbers:(“41.77″,”41.07”, “Billions USD”)

China is at the second position while India is at the 4th; despite India’s recent surge, China has been the steady regional force in M&A.

Posted in The Comparator | Comments Off on Deal Size of M&A Activities in the First Half on 2007

A Glorious Chapter For India’s Cricketing History – Chak Diya India!!

indian-cricket-team.jpg

Congratulations India on wining the inaugural Twenty20 cricket World Cup- their first major trophy since 1983! A nail biting tense finish to a tournament of extremely high standards. We got to see it live on ESPN in China! Indian resturants in Beijing were completely packed and I heard of many Chinese enjoying the match as well. The number of Indian flags in the stadium – probably the largest concentration ever – reflected as though the match was played in the Subcontinent & not in South Africa.

A surprise package to have both India & Pakistan in the finals. This was NOT expected even in the wildest of expectations – particularly as both teams had an unceremonious exit from the World Cup in the Carribeans a few months back. With new teams & new captains they played some fearless cricket winning their matches. The Indian team was missing a coach as well!

So as young guns brought back India’s lost pride after a humiliating first round exit from the World Cup in the Caribbean, Bollywood actor Shah Rukh Khan was present to grace the occasion and spell his good luck charm. Well, he is the latest sporting icon for India after the release of his film Chak de India . The film looks like a good omen for Indian sport stars.

It all started with the Indian football team creating history after lifting their first ever Nehru Cup title with a 1-0 win over a 10-man Syria in a tough final played in Delhi on August 29, 2007. The victory spurred a resurgence of football in India. Undoubtedly the win was a return of sorts of the hit movie Chak de India , in which the Indian women’s hockey team comes from behind to claim the World Cup.

The next big win for Indian sport came on September 9, 2007. And this time the game that brought laurels to our country was the national sport, hockey. Amidst a roaring crowd, the Indian hockey team did something they last did four years ago – of winning a major multinational tournament – and this time it was the Asia Cup. India retained Asia Cup beating South Korea 7-2 in a hard fought final in Chennai. Not just the convincing win, but the Indian hockey team also added another feather to its cap. Its tally of 57 goals in the event became the highest for any team. Truely, a Chak de performance by the sporting sensations. 

Indians have a new hope for similar results in the Cricket World Cup. They had almost given up the fact that their cricket could be improved and that the teams major players would ever bring back a trophy in such a matxh besides their advertising money bags.

So do you think that India needs to get the stuck upons out and ensure that its teams is instilled with the right attitude, brains and “fresh” thinking.

In short has Indian cricket moved to Generation Next?? and is it a goodbye to the trinity of the Indian cricket? And lastly will it live up to it 

(Chak De is a Hindi language word that means go get your target. Its used to encourage the attempt!
 
It’s a word much spoken these days after the movie “Chak De India”, wherein the Indian Women’s Hockey Team, wins the world cup, due to the efforts on training put in by their coach young in age and thoughts and had the right attitude and passion required to take home the trophy. 

Chak Diya is said when that target has been achieved.)

Posted in Business | 5 Comments

Average Literacy Rate -15 years and above

Numbers:(“91″,”61”, “”)

China has set an example for other developing countries by making literacy a national priority and achieving high literacy rates.

Posted in The Comparator | Comments Off on Average Literacy Rate -15 years and above

Aptech, NIIT Enchasing Upon IT Education & Training Market In China

It seems that the Chinese consider that Indian software education model is most appropriate for them besides success stories of Indian firms in global outsourcing field that encourages them. There’s enough here to substantiate this.

We have NIIT and Aptech on our agenda for you today. These global IT learning solutions corporations are pioneers in the field of IT education and training.

NIIT was founded in December 1981 while Aptech commenced its business in 1986 , in India, and have since become the attraction for Indians looking for careers in the IT sector. But a replica seems to be in for China for the last few years.

China has over the years become a very important market for NIIT and Aptech. One of their officals had said “Since our business in China is contributing 35-40% to our revenues, for us it’s a very important market. If one ignores China, he has to pay a heavy price.”  The IT education retail market in China is expected to grow between 17-19% annually by 2010!

Since year 2000, Aptech has been operating successfully in China through its joint venture – Aptech Beida Jadebird IT Co. Ltd, an affiliate of Beijing University in China, it has over 250 centers in 57 cities and trained around 4 lac students in all. Continue reading

Posted in Foreign Trade | 4 Comments

Number of Listed Companies

Numbers:(“849″,”4833”, “”)

The numbers on China and India relate to Shanghai and Mumbai Stock exchanges respectively, read more on the comparison here.

Posted in The Comparator | Comments Off on Number of Listed Companies



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