Gautam Nair is preparing to ramp up production at his clothing factory in Gurugram, betting on a surge of orders from brands like Marks & Spencer and Next as India pursues more free trade pacts with the rest of the world. Within three years, he expects Matrix Clothing Pvt Ltd’s exports to the European Union … Read more
In 2001, Brazil, Russia, India, China and South Africa—the emerging-markets group known as the BRICS—accounted for 19% of global gross domestic product in purchasing power parity terms. Today, including countries set to join the bloc, the share is 36%. We see this rising to 45% by 2040, more than double the weight of the Group … Read more
NEW DELHI: With China increasingly isolated and the US and its allies seeking a developing-market champion, India is having a moment. But is it ready? The tailwinds are there. The $3.4 trillion economy is among the fastest growing globally, and India’s population became the largest in the world earlier this year. Prime Minister Narendra Modi’s … Read more
BEIJING: President Xi Jinping began his third term with a diplomatic blitz that bolstered his image as a global statesman. Now, he’s set to skip the world’s premier international forum of world leaders — and it’s not exactly clear why.It could be due to diplomatic sparring with India that Xi is snubbing the Group of … Read more