Emerging Markets Hold the Keys to Higher Gold Prices

Gold investors better start paying attention to China and India. After dismal performance for the past two and half years, HSBC Securities analyst James Steel says that emerging-market demand will be the key driver for gold prices.

India scraps gold import curbs

Leading gold buyer India has announced it has eased controls on imports of the yellow metal after its current account deficit narrowed sharply.

India, 20 others set up Asian Infrastructure Investment Bank

India along with 20 other countries on Friday signed an agreement to become founding members of the China-backed Asian Infrastructure Investment Bank (AIIB) to aid the infrastructure development in the Asian region and reduce the dependence on Western-dominated World Bank and IMF.

Modi Taps Critic of His Budget as Top India Economy Aide

The Indian government named former International Monetary Fund official Arvind Subramanian as its new chief economic adviser, a position left vacant for a year after Raghuram Rajan was appointed central bank governor.

India interim budget: Indirect taxes on cars cut

India's Finance Minister Palaniappan Chidambaram has cut indirect taxes on cars and mobile phones in an attempt to boost economic growth.

India Prepares to Launch Mars Orbiter in Space Race With China

India is preparing to launch a spacecraft to Mars tomorrow, striving to put a probe into orbit around the red planet before China and Japan.

People from India, China out-educating us: Barack Obama

NEW YORK: Billions of people from countries like India and China are striving hard to "out-educate" Americans in mathematics and technology, President Barack Obama has said while stressing on education reforms to prepare Americans for a global economy where "jobs can go anywhere."

UN: India to be world's most populous country by 2028

India looks set to overtake China as the world's most populous country from 2028, according to the United Nations.

Barack Obama suggested to help Nawaz Sharif on economy and ties with India

WASHINGTON: The Obama Administration needs to come out with innovative steps to help Nawaz Sharif, the new Prime Minister of Pakistan in his endeavor to improve relationship with India and fix the country's fragile economy.

Global fears shackle India's outsourcing job-hoppers

The normally high employee turnover rate in India's job-hopping outsourcing sector has fallen sharply as a weak global economy hits the flagship industry, a study showed on Monday.

Rs 42,000-cr foreign funds for NGOs in last 5 years

Indian Non-Governmental Organisations (NGOs) have received Rs 42,200 crore from foreign donors in the last five years, more than what the central government had spent on the world's largest social security scheme Mahatma Gandhi National Rural Employment Guarantee Scheme in 2009-10.

The global economic recession does not seem to have had an impact on foreign contributions as funding increased from Rs 6,700 crore in 2004-05 to over Rs 10,900 crore in 2009-10.

Global entrepreneurship: Crisis? What crisis?

While we in the West continue to be anxious about the pace of the economic recovery, from China, India and Indonesia all the way to Sub-Saharan Africa, the excitement of a new generation — no longer hamstrung by the economic, technological and personal limitations of their parents’ generation — is palpable.

Masked underneath all the talk about the global financial crisis, an even bigger phenomenon is at play, one that in due course will overpower the memory of the current crisis. That phenomenon is the true unleashing of the global entrepreneurial capabilities of the bottom half — or, rather, two-thirds — of humanity. It is boom time in “Global Entrepreneurland.”

Global economic situation is far from easy: PM

India on Tuesday dubbed as "outmoded and under stress" the global institutions of governance in the face of new challenges like food and economic security and pitched for closer cooperation among developing countries.

"The current international economic political situation is far from easy, particularly for developing countries," Prime Minister Manmohan Singh said addressing the Second Africa-India Forum Summit being attended by 15 African countries.

Moily calls financial crisis a 'Credit Tsunami'

Calling a financial crisis a 'Credit Tsunami', Union Law Minister Veerappa Moily has emphasised the need for a comprehensive legal mechanism to avoid a repeat of global financial crisis.

Addressing the Round Table on "Legal security of business transactions, investments and financial instruments-New Challenges of the Global Crisis" in St. Petersburg, Moily said: " The question today is not about the global financial crisis, but is about making suitable enforcing legal mechanism at the domestic and at international level, and to institutionalize the same to avoid any further credit tsunami.'

G-20 ministers reach compromise deal to correct economic flaws

G20 finance ministers have reached a compromise deal to correct global economic imbalances and expressed concern over excessive commodity price volatility impacting the world food security, an issue pressed by India.

After two days of hard bargain by their finance ministers, major economies faced with uneven recovery and downside risks reached a text on guidelines for removal of structural flaws in the global economy.

India can be global economic leader in the 21st century: US

India could lead the world economy in this 21st century if it continues to take additional measures on economic reforms and opens up more sectors to the overseas players, according to the US commerce secretary Gary Locke. He also said that if India would further follow the road of reforming, and if it continues to become more open to the investments as well as the innovations of foreign companies, then it stands a much better chance of being the leader of the world economy in this century. Gary Locke was in Mumbai on Thursday when he said all this.

Additionally, he brought up the concerns regarding reciprocity in business among the two nations, and the necessity to do away with cross-border restrictions, adding that India was still being ranked low on ease of doing trade because of such barriers.