By Daniel Fleishman
Oct. 31 – On October 19, India’s first Starbucks coffeehouse opened in downtown Mumbai, making the world’s second most-populous state the 61st country to play host to the U.S.-based coffee giant. Within days of the first opening, two more branches popped up, one of them inside the world-famous Taj Mahal Palace Hotel.
While certainly not the first foreign-owned coffee outlet to set up shop in India, Starbucks’ entry into the market signals a landmark demographic, cultural, and socioeconomic shift in Indian society. Continue reading
Your papers, please! Visa applications in China and India.
Olaf Griese has spent six years with Dezan Shira & Associates in Shanghai and has just recently relocated to Delhi. In this series of articles, he will detail the differences, as well as the pros and cons, of living in both China and India.
Oct. 25 – China is a very big country, and so is India. So although the central government in both countries holds the ultimate power, the implementation of each nation’s rules and regulations largely depends on the different regional states. Whatever is said or decided in Beijing or in New Delhi might be understood differently in Shanghai or in Mumbai, and sometimes it can’t even be heard in Guangzhou or in Ahmadabad. Continue reading
By Sonia Katyal
On its way to being a globally inter-connected economy, India must distinguish between necessary reform and unnecessary liberalization rhetoric.
Oct. 23 – In the two decades post 1991 when opening up became a golden word, India has tasted the fruits of a global economy. Its citizens, led by the middle class – which was hitherto neither here, nor there – seemed to have woken up to a dream of accomplishments and accompanying consumerist expectations. This was the era when mobile phones rapidly populated the aam aadmi’s home, every middle class family could plan a foreign holiday, children of the not-so-rich studied abroad, and IT professionals mushroomed in every neighborhood waving their travel stamps as a symbol of a new-found international identity. Continue reading
Op-Ed Commentary: Christoph Unrast
Oct. 18 – Recent statistics suggest that China’s economy has not been negatively affected by the current spat with Japan over the disputed Senkaku/Diaoyu Islands. The trade surplus has grown from US$22.4 billion in August to US$26.67 billion in September, while inflation has been kept in-check and did not surpass the threshold of 2 percent, as reported by the Wall Street Journal.
The biggest loser seems to be the Japanese automobile industry. Although Beijing denies any involvement in the customer boycott, anti-Japanese resentment in China has led to a drop in sales by nearly 50 percent, leading companies such as Toyota, Suzuki, and Nissan to reduce their production in China, or even close whole facilities. While China is the biggest importer of Japanese products, Beijing is able to rely on its recovered exports to the United States and its declining, yet still strong, trade with the European Union. But the numbers do not tell the whole story – China’s willingness to engage in diplomatic battles in the economic realm may backfire and cause unnecessary trouble during the upcoming leadership transition. Continue reading
By Jean-Paul Diaz-Caneja
Oct. 17 – Hauz Khas Village is like a little island in the southern part of the Indian capital city. Offering a mix of modernity and tradition, this vibrant and wealthy neighborhood is filled with uncountable art galleries, bookstores, antique shops, modern bars and some sophisticated restaurants and is located just a few steps away from the slums and the noisy streets of Delhi.
The Village is nothing like we are used to seeing in India, and it is very easy to forget that we are still in the country. This particular atmosphere does not come from an organized effort to develop the area, but rather from the fact that many entrepreneurs have chosen to settle their little businesses in these colorful streets, most of them being related directly or indirectly to the world of arts. Continue reading
By Daniel Fleishman
Oct. 12 – The days of American dominance over the PC market seem to be coming to a close. According to the research firm Gartner, Lenovo captured a market share of 15.7 percent in the third quarter of 2012, topping HP’s 15.5 percent, ousting the PC giant from the leading position it held for the past six years. Continue reading
China exporters to Japan project revenue losses of up to 10 percent this year, while importers foresee a 5 percent decline in sales.
Oct. 11 – Anti-Japan protests in cities across China appear over for now, but executives at companies with business ties to Japan foresee mid- to long-term effects of the island dispute on their revenue. Almost half of the 482 respondents in a survey conducted by Chief Executive China Online expect a negative impact on their business this year. Sixty-eight percent predict a loss of 10 percent or less to their annual sales.
With 2011 bilateral trade amounting to $342.8 billion, the implications for the already-slowing China economy may be unfavorable. Continue reading