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India losing English advantage to China
India is rapidly losing an economic advantage, with the number of Chinese able to speak English now on a par with its rival, a British Council study shows
India’s billionaires outstrip US counterparts
India’s billionaires secure more wealth than their US counterparts in 2009 according to Forbes rich list, in a further sign the subcontinent is recovering faster than western economies
View of the Day: The bullion bull-run
India’s recent decision to buy International Monetary Fund gold could just herald the start of a new bull market in bullion, says Dylan Grice, strategist at Société Générale.
World Bank arm boosts India exposure
India has overtaken Russia to become the biggest single investment portfolio of the World Bank’s private sector arm, the International Finance Corporation
EU and India to establish free trade by 2010
EU officials said they would push hard for a bilateral free trade agreement with India at the one-day summit in New Delhi but Indian ministers were more cautious
Gold extends record high on India purchase
Gold prices surged to an all-time high after India’s central bank bought 200 tonnes of the precious metal, swapping dollars for bullion as the country’s finance minister warned the economies of the US and Europe had ‘collapsed’
India flexes its foreign reserve muscles
India’s purchase of 200 tonnes of gold from the International Monetary Fund displayed the economic strength of the world’s two fastest growing large economies, New Delhi said
New Delhi puts hallmark on return to gold
For the past 20 years central banks have been in the grip of anti-gold sentiment. Today the picture looks decidedly different: sales in Europe have slowed to a crawl and Asian banks have started swapping their dollars for gold
IMF sells 200 tonnes of gold to India central bank
The International Monetary Fund will use the $6.7bn from the sale to shore up its long-term finances and subsidise loans to poor countries
India starts to tighten monetary policy
India’s central bank takes the first steps to unwind its ultra-loose monetary policy adopted to ward off the ravages of the global financial crisis
