Indian uni students coming to Melbourne for “western immersion” programs

Swinburne University continues to host “Western Immersion” programs for Indian uni students – I am always pleased to speak about “Letting your light shine” to these groups – this one is from Tamil Nadu. With 50% of the India population under the age of 25, they face stiff competition for jobs – hope we helped give them an advantage with some of the secrets of PR and good communication. Especially focusing on teaching them how to do a “personal pitch”.


Is your country serious about India? Lessons from FICCI and the UK

India’s Federation of Indian Chambers of Commerce and Industry (FICCI) has launched a portal called “UKThat” which will promote manufacturing and service industries from UK into India. Great initiative. Has FICCI done that for your country?

A series of initiatives to promote trade and investment between India and Britain was unveiled in India by the Indian High Commission and traders’ body the Federation of Indian Chambers of Commerce and Industry (FICCI).

The UK-India Technology and Talent Exchange Programme, dubbed TechXChange, is aimed at providing support to the best start-ups in both countries.

It follows from the technology exchange programme that has been signed between the two countries in presence of the Prime Ministers (Narendra Modi and Theresa May).

“This is an attempt to really give it some shape, some serious framework to make this actually happen between India and the UK,” said Sunil Parekh, FICCI’s Member of the National Executive Committee and Chair of the Sub-Committee on Start-ups, at a two-day UK-India Leadership Conclave which concluded recently.

Now, that is the kind of decisive conclave I would like for Australia and India.

Why not?

In a move to boost UK exports to India, the industry body announced the ‘UKThat’ Portal, which will create a marketplace for manufacturing and services industries and offshore traders of all goods and services to promote their products to international clients in India.

FICCI seeks to provide an easy way for Indian importers to quote and purchase from UK businesses without third parties or intermediaries, in complete transparent and secure transactions,” it said in a statement.

International Yoga Day gives insights into how India differs from China

One of the global initiatives of Indian Prime Minister Narendra Modi has been International Yoga Day – celebrated across the world on 21 June each year since 2015.

While China is building a global reputation based on the “belt and road” initiative and creating bases in the South China Sea, defending accusations of deliberately creating debt in emerging nations and interfering with neighbours, India just goes on doing its own thing.yoga2

China has an ageing population and a trade-dependent economy – it is vulnerable to global economic shifts and worried about security of trade routes.

In contrast, India has a young population and economic growth driven by internal demand. It is less likely to be affected by global economic downturns or security issues.

This is not to say security is not on the mind of India – it recently did a significant deal with Indonesia. But for China, security of trade routes is the dominant global concern.

That is why International Yoga Day gives special insight into modern India – lifting millions out of poverty, creating a strong economy and global strength but celebrating the quiet and peaceful side of its culture. This year the theme was “Yoga for Peace” and somehow I feel only India could come up with such a concept.yoga4

Fitch upgrades India growth to 7.4%

Fitch Ratings this week raised India growth forecast for 2018-19 to 7.4 per cent from 7.3 per cent, but cited higher financing costs and rising oil prices as risks to growth.

For 2019-20, it estimated the country to grow at 7.5 per cent.Indian airport

The economy grew at 6.7 per cent in 2017-18 and 7.7 per cent in January-March quarter.indiagate

According to Fitch, India has better macroeconomic fundamentals than in 2013 and very low foreign ownership rates in the domestic government bond market, but the current account deficit has been widening as a result of rising oil prices, reviving domestic demand and poor manufacturing export performance, it said.

Time to review your India engagement strategy?Indore 3

Time for the west to take notice when Russia, China and India meet at SCO

This weekend showed how much the west looks at the world through the prism of Europe and America – with the focus very much on the G7 meeting.

There was little or no western media coverage or political analysis of another important meeting over this last weekend – the Shanghai Cooperation Organisation, which has 8 members, representing 42 per cent of the world’s population, 22 per cent of the land area and 20 per cent of the GDP.

SCO focuses on political, economic, security and cultural cooperation among members – China, Russia, India, Kazakhstan, Kyrgystan, Tajikistan, Uzbekistan and Pakistan.

Unlike the friction of the G7 (pictured below), this meeting was a real opportunity for one-on-one discussions between leaders such as India’s Prime Minister Modi and China’s President Xi, who met on multiple occasions.TrumpG7

India is a new member of SCO and was very much focused on regional connectivity projects to boost trade among members of the SCO countries. India has been strongly pushing for connectivity projects like the Chabahar port project in Iran and the over-7,200 km long International North-South Transport Corridor to gain access to resource-rich Central Asian countries.

Prime Minister Modi and Chinese President Xi were also expected to discuss the economic ties between the two countries over the two days. India has been asking China to open its IT and pharmaceutical sectors to address the trade deficit which climbed to over $51 billion last year.

Outcomes of this meeting will be important for countries like Australia and Indonesia – but in Australia, at least, it seems SCO is not on the radar while the goings on at the G7 gain all the attention. Time to change our prism?



World Bank forecasts 7.3% growth for India – world’s fastest emerging market

The World Bank has forecast a growth rate of 7.3 per cent for India this year and 7.5 per cent for the next two years, making it the fastest growing country among major emerging economies.

A top World Bank official said India’s economy is robust, resilient and has potential to deliver sustained growth.economy India retains the tag of the fastest growing country among the world’s major emerging economies, Ayhan Kose, Director of the Development Prospects Group at the World Bank, told PTI.

“India’s economy (today) is robust, resilient and has potential to deliver sustained growth,” Kose said.

“India is doing well. Growth is being robust. Investment growth remains high. Consumption remains strong. All in all these numbers are encouraging,” Kose said, referring to the World Bank report on India’s growth rate figures.

“However, you look at it, India is in a very strong position,” he said.

Why India?

If you are in business or investment, this question (why India?) will have been asked before. But the answer is becoming more compelling as the following list shows:indiagate

  • India to remain one of the fastest growing economies in the world. Source: International Monetary Fund
  • FDI inflows increased by 37% since the launch of Make in India initiative. Source: Department of Industrial Policy and Promotion, Government of India
  • Leading investors ranked India as the most attractive market. Source: Ernst & Young Emerging Markets CenterIndian rail
  • India to have world’s largest youth population by 2020. Source: United Nations Population Fund
  • India to be the largest supplier of university graduates in the world by 2020. Source: British CouncilBKC1
  • India has the third largest group of scientists and technicians in the world. Source: All India Management Association & The Boston Consulting Group
  • Rising affluence is the biggest driver of increasing consumption in India. Source: Boston Consulting GroupEntertainment
  • India’s consumer story will be led by its 129 million urban mass consumers. Source: Goldman Sachs Group
  • Private consumption will be four times by 2025. Source: McKinsey Global Institute
  • Centre of global maritime trade to move from the Pacific to the Indian Ocean Region. India and China will be the largest manufacturing hubs of the world by 2030; Source: Lloyd’s Register Marine & University of Strathclyde, Glasgow
  • In next five years, India to have greater economic influence across the Asia Pacific region; Source: Baker McKenzie & Mergermarket GroupIndian airport
  • Over the next three decades more than 350 million Indians will move into cities. Source: McKinsey Global Institute
  • Over the next two decades more than USD 1.5 trillion investments planned for infrastructure. Source: Press Information Bureau, Government of India
  • India registered a record improvement on Ease of Doing Business ranking from 142 to 100 between 2014-2017; Source: World BankGateway1
  • India ranks 40th on Global Competitiveness Index (GCI) 2016-17; Source: World Economic Forum
  • 95% of 1.2 bn Indians are under Aadhar scheme: One of the world’s Largest Social Security Program; Source: Press Information Bureau, Government of India
  • Jan Dhan Yojana: Formalization of Savings: 312 million bank accounts have been opened with savings amounting to USD 11.6 bn; Source: Ministry of Finance, Government of India
  • Goods and Services Tax (GST), biggest tax reforms since independence; Source: Government of India

    India is on the move – time to jump on board!