Föhrenbergkreis Finanzwirtschaft

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Posts Tagged ‘India’

India has a hole where its middle class should be

Posted by hkarner - 13. Januar 2018

Date: 11-01-2018
Source: The Economist

That should worry both government and companies

AFTER China, where next? Over the past two decades, the world’s most populous country has become the market qua non of just about every global company seeking growth. As its economy slows, businesses are looking for the next set of consumers to keep the tills ringing.

To many, India feels like the heir apparent. Its population will soon overtake its Asian rival’s. It occasionally grows at the kind of pace that propelled China to the status of economic superpower. And its middle class is thought by many to be in the early stages of the journey to prosperity that created hundreds of millions of Chinese consumers. Exuberant management consultants speak of a 300m-400m horde of potential frapuccino-sippers, Fiesta-drivers and globe-trotters. Rare is the chief executive who, upon visiting India, does not proclaim it as central to his or her plans. Some of that may be a diplomatic dose of flattery; much of it, from firms such as IKEA, SoftBank, Amazon and Starbucks, is sincerely meant. Den Rest des Beitrags lesen »


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India Warily Eyes AI

Posted by hkarner - 25. Oktober 2017

Date: 24-10-2017
Source: Technology Review by Samanth Subramanian

Technology outsourcing has been India’s only reliable job creator in the past 30 years. Now artificial intelligence threatens to wipe out those gains.

Two days after K.S. Sunil Kumar received a promotion, Human Resources phoned him up and asked him to resign.

This happened in April, just as Kumar was beginning his ninth year at Tech Mahindra, one of the giants in India’s IT services industry. He worked in engineering services, where he designed components and tools for aerospace firms in North America and Europe. They’d send over specs—the materials available to construct a hinge, and the kind of load it had to bear, and the cost at which it had to be manufactured—and he mocked up options with the help of software. He was a foot soldier in the army of Indian engineers to whom work is outsourced from the West, so that it can be finished at a fraction of the expense. Sometimes he left his base, Tech Mahindra’s Bangalore campus, to serve stints at clients’ offices abroad: in Montreal, Belfast, or Stockholm. Den Rest des Beitrags lesen »

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Making money in the subcontinent

Posted by hkarner - 28. August 2017

Date: 27-08-2017
Source: The Economist

Big firms in India face new competition

As it gets easier to do business, it will get harder to earn huge profits

IF YOU run a big firm in India you must straddle different worlds. The country’s leading bosses can wax lyrical about artificial intelligence and debate returns on capital with foreign fund managers. But they have also mastered India’s poor infrastructure and huge informal economy. Shiny campuses sit beside open sewers. Millions of customers can be reached only by dirt tracks. Suppliers and distributors often operate in the shadows. In a typical month an Indian boss might have wheatgrass shots in Silicon Valley, slug bootlegged single malt with a local politician and sip masala chai from clay cups with villagers.

India’s gross domestic product (GDP) is the world’s seventh-largest and its stockmarket the ninth-biggest, but the country is like no other major economy. The informal sector accounts for about 50% of output, 80-90% of jobs and at least 90% of firms. Red tape and bad roads mean the country comes 130th in the World Bank’s ease-of-doing-business rankings. Den Rest des Beitrags lesen »

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India’s Population: Becoming Number One

Posted by hkarner - 13. August 2017

Date: 11-08-2017
Source: http://yaleglobal.yale.edu

India is poised to be the world’s most populous country for most of the 21st century, and preparation is required

Demographic rise: India’s rising population will need sustenance from expanded IT and other skilled workers; the country must contend with a preponderance of male children

NEW YORK: By 2024, India will slip past China to become the most populous country and must rapidly prepare for a fast-changing economy.

India will likely hold that rank throughout the 21st century. Its population is 1.34 billion, nearly a fourfold increase since independence 70 years ago. China’s population, at 1.41 billion, roughly doubled over the same period. The pace of India’s population growth, now at 15 million per year, is the world’s largest. The two nations alone have more than a billion people, and their population gap is projected to widen to 500 million by 2100. By comparison, the third and fourth most populous countries in 2100, Nigeria and the United States, are projected to have populations of nearly 800 million and 450 million, respectively. Den Rest des Beitrags lesen »

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Protectionism Will Not Protect Jobs Anywhere

Posted by hkarner - 3. August 2017

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The Changing Face of Work in India

Posted by hkarner - 18. Juli 2017

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Riesige Steuerreform in Indien in Kraft getreten

Posted by hkarner - 2. Juli 2017

Die neue Mehrwertsteuer fördere „Ehrlichkeit und Menschen, die ehrliche Geschäfte machen“, sagt Indiens Premierminister Narendra Modi.

In Indien ist am Samstag die größte Steuerreform seit der Unabhängigkeit im Jahr 1947 in Kraft getreten. Die neue einheitliche Mehrwertsteuer GST ersetzt unterschiedliche Steuern und Steuersätze in den 29 indischen Unionsstaaten. Damit entsteht auf dem Subkontinent mit seinen 1,3 Milliarden Einwohnern ein riesiger Binnenmarkt.

Premierminister Narendra Modi will mit der Steuerreform zudem den Handel erleichtern und die Wirtschaft modernisieren. In einer Sondersitzung des Parlaments um Mitternacht versprach Modi den Indern „eine gute und einfache Steuer“. Mit der neuen einheitlichen Steuer für Waren und Dienstleistungen werde „der Traum von einem Indien wahr“. Das „einfache und transparente System“ bekämpfe auch Schwarzgeld und Korruption. Die neue Mehrwertsteuer fördere „Ehrlichkeit und Menschen, die ehrliche Geschäfte machen“, sagte Modi.

Mehr als zehn Jahre lang hatten die Regierung in Neu-Delhi und die Unionsstaaten über die Vereinheitlichung der Steuersätze verhandelt. Das bisherige System war undurchsichtig, teilweise bestanden von Unionsstaat zu Unionsstaat erhebliche Unterschiede. Lastwagen mussten oft stundenlang an den Grenzen warten und bei der Wareneinfuhr die regional geltenden Steuersätze nachbezahlen.

Modi räumte am Samstag jedoch auch Anlaufschwierigkeiten bei der Einführung der neuen Steuer ein: Der Unionsstaat Jammu und Kaschmir hat sich dem neuen System bisher verweigert. Viele Geschäftsleute kritisieren die Reform als zu kompliziert, Unternehmervereinigungen riefen schon im Vorfeld zu Streiks und Protesten auf. Aus Protest boykottierte auch die oppositionelle Kongresspartei die Feierstunde im Parlament. Den Rest des Beitrags lesen »

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Trump’s Climate Scapegoat

Posted by hkarner - 9. Juni 2017

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India Considers Fighting Poverty With a Universal Basic Income

Posted by hkarner - 2. Februar 2017

Date: 01-02-2017
Source: The Wall Street Journal

Annual economic survey looks at possibility of replacing messy welfare programs with a stipend paid to every Indian

India is looking at a radical idea for reducing poverty: free money for everyone—no strings attached.

The Ministry of Finance’s annual survey of the economy, released Tuesday, explores how the country might replace its various welfare programs with a universal basic income, or a uniform stipend paid to every adult and child, poor or rich. Guaranteeing all citizens enough income to cover their basic needs would promote social justice, the survey says, and empower the poor to make their own economic choices. It would also be easier to administer than India’s current antipoverty programs, which are plagued by waste, corruption and abuse.

But Arvind Subramanian, the ministry’s chief economic adviser and lead author of the economic survey, took pains to emphasize that concerns about how a universal income would be enacted—and how the government would pay—mean India is still quite far from putting the concept into practice. Den Rest des Beitrags lesen »

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Bargeld rationiert: Die raffinierteste Banken-Rettung seit langem

Posted by hkarner - 13. November 2016

Deutsche Wirtschafts Nachrichten  | 

In Indien findet ein negativer Bank-Run statt: Die Kunden bringen ihr Geld zur Bank – und retten die Banken.

 In Indien ist es auch Samstag zu zahlreichen Prügeleien gekommen, weil die Inder in langen Schlangen warteten, um an die Schalter zu kommen, berichtet die Hindustan Times. Doch anders als vor einigen Jahren in Zypern oder Griechenland drängten die Leute nicht in die Banken, um ihr Geld abzuheben – sondern um es auf die Bank zu bringen.

Der negative Bank-Run ist die Folge einer Währungsreform, die die indische Regierung überraschend am Tag der US-Wahl verkündet hatte. Die 500 und 1.000 Rupienscheine wurden aus dem Verkehr gezogen. Das Timing war bewusst gewählt, um die nicht übermäßig die Aufmerksamkeit der Weltöffentlichkeit auf Indien zu lenken. Die Aktion lange geheim vorbereitet, wie indische Medien berichten. Premier Modi sagte am Samstag auf seiner Japan-Reise, die Geldautomaten seien absichtlich nicht vor der Einführung der neuen Geldscheine umgestellt worden, um die Aktion nicht ruchbar werden zu lassen.

Bloomberg berichtet, dass mit den über Nacht ungültigen Geldscheinen 86 Prozent des Bargelds, das in Indien im Umlauf ist, seinen Wert verloren habe. Allein die State Bank erhielt 7,1 Milliarden Dollar in Cash von ihren Kunden. Den Rest des Beitrags lesen »

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