INDIA AND CHINA: FORCED INTERDEPENDANCE
The two gigantic Asian economies, India and China are facing each other in a territorial tussle at the tri-junction of India, Bhutan and China. Both sides are dealing with their list of thorny issues from a long time. India is reluctant over One Belt One Road (OBOR) project, and thereby, is trying to prohibit China’s strategy to attain global dominance in trade. In response, China also exhibited its averseness by opposing India’s entry into Nuclear Supplier Group.
Apart from the political reasons, the two nations are much closer economically. Even in the scenario of unrest, the Chinese investors are swayed by India’s momentum and have shown their readiness to invest in the country. Till 2015, the cumulative Chinese investment in India was US $1.3 billion. Between June and August 2016, China bid for US $2.3 billion investment. India has also been able to engage Chinese companies for major projects of infrastructure development.
India’s growth, reforms and market dynamism has made it the hotspot for investment around the world. Things seem to be brighter for India as the economic scenario looks stronger; rupee is rallying, inflation is under control, growth rate is rising. As per the recent reports by Harvard University, India has emerged as the economic pole of global growth by surpassing China and is expected to maintain its lead over the coming decades also.
This month, Investors India, through its Cover Story gives you an insight on National Pension Scheme (NPS), and why and how you should consider it in your Retirement portfolio. But If, you want to reduce your country specific risk then, you can also take note of International mutual funds through one of our stories. In our Lifestyle Section, we have brought to you one of the recent scientific studies on Cellular Healing, which explains, how one can attain the boundless healing potential that lies within us.
GST: Freedom from Archaic Laws
Recently, we accomplished the silver jubilee of our economic liberalization. Year 1991 was the year reforms, a year of inception, when we unbridled our economy of restraint.
With GST Bill we are on our way to re-write the fate of prevailing archaic laws. The GST will perhaps be the single most important reform stimulus since 1991-92. If the bill is passed, 2016 will witness transformation in the Indian Economy.
It will help create a unified market, which would enable seamless movement of goods across states and simultaneously boost production. And therefore, put India’s fiscal system on the cutting edge of the world market economies. 2016 will witness transformation in the Indian Economy.
The world is undergoing turbulences, one after another, but India, however, appears to be much better placed. The dependence on domestic markets is the core reason of being safer but reforms in financial sector by the government and large forex reserves provides additional cushion against any internal and external market volatility.
This month, Investors India presents our readers with International Mutual Funds, a way to diversify a part of your portfolio, globally. The Cover Story of the month will reveal the methods you should follow to achieve complete financial freedom by effortlessly meeting your financial goals. Furthermore, you can also make your health better with tips on healthy liver in our section: Lifestyle Planning.
Wishing You Prosperity!