Why I am an optimist

Seeing the massive changes in India and China, it is clear that in five years they will have less pollution and better health than today.

In fact, there is a lot of good news around if you look for it in the right places.

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These reports come from my friends at FUTURE CRUNCHhttps://futurecrun.ch/goodnews

Volkswagen, the largest car manufacturer in the world, responsible for 1% of global carbon emissions, has committed to going fully carbon neutral by 2050. NYT

America has officially entered coal cost crossover. 74% of existing coal plants now cost more to operate than to replace with wind and solar. Utility Dive

Between 10th and 17th March, Germany got 72.6% of its electricity from renewable energy resources. Did someone just say “baseload power?” Renew Economy

In January 2015, at the height of ISIS’s power, 7.7 million people were estimated to live under its rule. As of last week, that number is zero. CNN

Between 2010 and 2013, India ran a measles vaccination campaign. A new study estimates that it saved the lives of about 50,000 children. Nature

This year will see almost two billion people in 50 countries vote, the largest number in history. Did someone just say “death of democracy?” Al Jazeera

Indian tech billionaire Azim Premji is giving away $21 billion to philanthropy, the fifth largest endowment in the world and the biggest in Asia. ET Tech

Clever win by animal rights activists. Australia has passed a law that prevents companies using data from animal testing for developing cosmetics. The Age

Deep in the frozen forests of Russia’s far east, the Siberian tiger is staging a quiet comeback, thanks to government-led conservation efforts. CBC

And – the above is just one of their regular fortnightly summaries.

Good news – it’s there if you look in the right places.

There are also many locations where you will find constant “bad news” – the choice of where to get your information is up to you. Below are examples of news sources committed to spreading fear and despair…

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Indian governments “awash with money” as the GST has impact

Gross Goods and Services Tax (GST) collection by the Government of India reached Rs 1.07 trillion (US$ 15.41 billion) in March 2019, registering the highest monthly collection in FY19.

This is a stunning boost to both the Central and the 29 State Governments.

We used to advise businesses wanting to enter India that they should only deal with government there “if they have to”. But things have changed. Not only do the central and the State Governments have lots of money, they are all proactive in encouraging business – and competing hard to outdo each other on ease of business and encouragement for entrepreneurs.

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So, our advice today – include governments in your list of people to talk to about doing business with India.

 

 

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India’s product and services exports to hit US$540 billion this year

Can this be true?

India’s merchandise and services export would touch USD 540-billion mark this fiscal, Indian Commerce Minister Suresh Prabhu said Thursday.

Seems the figures back it up – India was once an isolated domestic economy but is now a major global exporter.

He said exports are growing at a healthy pace and shipments of goods would reach over USD 330 billion.  Similarly, services exports would touch about USD 200 billion.

The goods exports grew by 8.85 per cent this year and the Indian economy continues to hit around 7 per cent growth annually.

Surely this is one of the world’s great economic stories.