Monthly Archives: December 2014

  • The past year has seen a massive turnaround in the India story, spurred by Narendra Modi’s ascension to the premiership and the launching of several reform tracks. Foreign investment has improved, and GDP growth projections have increased. Massive inflows of capital into Indian e-commerce caused a media frenzy, and likely a booming area of India’s economy […]

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  • OVERVIEW Carrefour closer to Brazil listing with Diniz deal Reuters: December 18 “Carrefour (CARR.PA) has sold a 10 percent stake in its Brazilian business to billionaire Abilio Diniz, a step towards a possible separate listing as the world’s No.2 retailer looks to raise cash to accelerate growth in its second-largest market… Carrefour said the deal, […]

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  • “There is growing ground for hope but narrowing room for complacency” – Indian Ministry of Finance The Finance Ministry’s mid-fiscal economic review projected 5.5% GDP growth, up from the previous year’s 4.7%. It held that interest rates would remain stable through March 2015 despite outcries from industry groups. (Indian Express) It pointed to liberalizing FDI […]

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  • Recent weeks have seen more emerging market players and observers feeling bullish about the India story. Speaking at Brown University, Reliance Industries head Mukesh Ambani said that India would surpass China as the world’s fastest growing economy in the next 2-3 years, linking his remark to the fall in global oil prices that has been […]

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  • “India was the only major economy where the [OECD’s Composite Leading Indicator] points to a clear pick-up in growth momentum, it said.” (Livemint) Mutual funds with a focus on India have gained about 44% in the past 11 months, the best among single-country funds this year. (Wall Street Journal) Note from the Macroeconomy The fall […]

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  • Overview Chinese Companies Find Brazil Attractive Chinadaily USA: November 1 “[Brazil] is the world’s fifth-largest Internet market. Among the population of 200 million, nearly 90 million are Internet users and online shopping is becoming fashionable… Brazilian e-commerce reached 28.5 billion reais in year-on-year growth of 25 percent. This year, driven by the FIFA World Cup […]

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  • Narendra Modi Has Turned India Into a Magnet: McKinsey CEO Dominic Barton Economic Times: November 26 ""People had given up on India. They felt India is too complicated and it was difficult to get anything done. It had dropped in the last five years on people’s priority (list). I think it has gone right back […]

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