Mar. 30 – India, currently boasting the fourth-largest economy in the world in terms of purchasing power parity (PPP), will become the largest by 2050, according to the 2012 edition of The Wealth Report released this week by global property firm Knight Frank and Citi Private Bank. The report also predicts China, currently the world’s second largest economy, will take the top spot from the United States by 2020.
According to the report, by 2050 the Indian economy is expected to be worth $85.97 trillion while China’s GDP would stand at $80.02 trillion. Both figures are forecasted to be dramatically higher than that of the United States, which is expected to have a GDP of $39.07 trillion by 2050 – dropping two places from the current number one spot. Continue reading
Posted in Business, Featured, Foreign Trade
Tagged Beijing, China, Economic Growth, Emerging Asia, GDP Forecasts, India, Real Estate, Shanghai, The Wealth Report 2012
Mar. 29 – The U.S. Department of Commerce has just run a highly acclaimed series of events in the United States, titled the “Hot Markets Watch.” Included were two keynote presentations given by Chris Devonshire-Ellis, principal of Dezan Shira & Associates, concerning changing China trends, in addition to discussions about the development of India and the role of emerging ASEAN.
These live presentations were attended by several hundred CEOs through various presentations. These two presentations have subsequently been combined and were re-broadcast live as a webinar yesterday from the new Dezan Shira & Associates liaison office in Charlotte, North Carolina. Online attendance was excellent and we have had many requests to post the entire event – a 45 minute broadcast, plus live Q&A – on our web site. Continue reading
Mar. 28 – The Myanmar government is introducing a new set of regulations expected to promote foreign direct investment into the country. Coupled with the lifting of U.S. sanctions on the existing regime, this move may well spell the beginning of a new chapter in the nation’s development. Long a pariah state and run until recently as an oppressive military dictatorship, a shift in domestic policy appears to be opening up the country to reform.
New regulations are set to be introduced as early as next month, taking the shape of tax holidays, simplifying foreign exchange, liberalizing the banking sector and reforming the areas of investment available for foreign participation. Continue reading
Op-Ed Commentary: Chris Devonshire-Ellis
Mar. 27 – Chinese President Hu Jintao is set to arrive in Delhi on March 28 to attend a three-day meeting of the BRICS nations. While much of the dialogue will focus on common issues between the nations concerned, the presence of the Chinese president in India looks set to be controversial.
India will want to keep attention focused on trade issues, as the China-India bilateral space is set to grow at a serious pace over the next decade. Hu will also want to bring up security issues – both China and India have a number of long-standing territorial disputes which have at times led to some frank exchanges of views between them. Meanwhile, BRICS members will wish to engage in multi-lateral dialogues, not least regarding the development of the RMB as a potential common currency for trade settlements. This could perhaps lead to the establishment of a BRICS bank through which these massive economies could circumnavigate the use of the U.S. dollar and Euro, and trade more openly and easily on account with each other. Continue reading
By Xiaolei Gu
Mar. 22 – India’s 2012-2013 Budget, released on March 16, seeks gradual growth recovery and solutions to rein in deficits by boosting domestic demand and reviving private investments. In this article, we outline some of the new Budget’s key measures aimed at improving India’s investment environment.
According to the Budget, India’s GDP growth in 2012-2013 is projected to come back to 7.6 percent, after the economy slowed to only 6.5 percent in 2011-2012, and the country’s fiscal deficit will constitute 5.1 percent of GDP in the 2012-2013 fiscal year, compared with 5.9 percent of GDP in the 2011-2012 fiscal. Continue reading
Op-Ed Commentary: Chris Devonshire-Ellis
Mar. 20 – Later this week, I’ll be speaking at the U.S. Department of Commerce “Hot Market Watch” event in Cincinnati. My (two) keynote lectures are about China and Vietnam, and with a little bit of India thrown in for good measure. The reasons for this are that the market dynamics over the global supply chain, the subsequent manufacturing base for that, and the opportunity to sell to more Asian consumers than ever before are all shifting. It’s something I’m looking forward to – having seen our firm, Dezan Shira & Associates, through 20 years of foreign investment advisory work in China. Six years ago we moved to do the same in India and, four years ago, to Vietnam. We spotted these changing dynamics way back, invested ourselves in these markets, and are now primary advisers to foreign investors throughout the emerging Asia region. Continue reading
Posted in Business, Featured, Foreign Trade, Manufacturing, Markets
Tagged China, Chinese Consumers, Chris Devonshire-Ellis, Emerging Asia, India, Indian Consumers, Middle Class, Vietnam, Vietnam Manufacturing