Archives: India

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Air Pollution in India

India is home to 13 of the 20 most polluted cities in the world as documented by the World Health Organization (WHO). Half of Delhi’s 4.4 million children have permanent lung damage that they will never fully recover from.  The 2017 State of Global Air report, published by the Health Effects Institute, shows that air … Continue Reading

MAT Tax Controversy Highlights Foreign Investment Challenges Faced by the Modi Administration

When Prime Minister Narendra Modi began his tenure at the helm of one of the world’s fastest growing economies, he made it a priority to attract foreign investors to continue India’s economic growth.  However, just one year after assuming office, Prime Minister Modi and his administration must confront the concerns of foreign investors, following the … Continue Reading

The United States and India Sign a 10-Year Defense Agreement and Set the Stage for Increased Defense Cooperation

On June 3, 2015, U.S. Secretary of Defense Ashton Carter and Indian Defense Minister Manohar Parrikar signed a 10-year defense framework agreement during Secretary Carter’s 10-day trip to the Asia-Pacific region, which included a stop in India.  This framework agreement comes at a time when the United States and its allies are stepping up defense … Continue Reading

India’s Investment Treaties – Will the Government Reject a Core Standard of Investment Protection?

Almost all of the more than 3,000 bilateral investment treaties (BITs) in existence offer foreign investors the protection of “fair and equitable treatment” under international law.  India’s new draft model BIT does not.  In place of the well-established standard of protection, which has been interpreted and applied in hundreds of prior investment arbitrations, the model … Continue Reading

Revamping India’s Bankruptcy Laws: A Way Out of India’s Bad Debt Problem

Despite recent improvements in India’s economic stability, the hangover from India’s credit fueled boom isn’t over yet.  Estimates of the percentage of bank loans that are “impaired” — where repayment of the loan is classified as doubtful — run as high as 9%.  Following the global financial crisis in 2008 and 2009, India joined countries … Continue Reading

India’s Changing Insurance Market

Growth in India’s insurance market has been hampered by a lack of capital, and also a lack of consumer demand.  The two problems are related: with the market still dominated by large, government-linked companies, insurance products have not always been effectively promoted by stakeholders. This in turn has left individuals and small businesses unaware of … Continue Reading

The Net Neutrality Debate in India

Net neutrality has become a hot button issue, not only in the United States, but worldwide. Net neutrality is the principle that Internet service providers (ISPs) should enable access to all content and applications regardless of the content’s source, and without favoring or blocking particular products or websites. Supporters of net neutrality worry that powerful … Continue Reading

India’s Tax Proposal: Beneficial For Business

Many western consumer firms operating in India have been successful at adapting to the country’s unique market challenges, which range from distinct consumer tastes and preferences to the logistical challenges of reaching a population that is still overwhelmingly rural.  Taxation and regulation have often been less pliable obstacles, as demonstrated by the deep resistance to … Continue Reading

India intensifies reforms to attract foreign investment

Over three months have passed since Indian Prime Minister Narendra Modi’s visit to the United States, and the economic relationship between the United States and India continues to strengthen over time.  On December 3rd, the Modi government announced the creation of a panel to help fast-track investment proposals coming from the United States.  The panel … Continue Reading

India’s Fight Against “Black Money”

In the run-up to Prime Minister Modi’s election campaign last year, focus was placed on the fight against corruption and “black money” leaving India. Black money is cash that has not been declared or taxed and is usually held in tax havens, such as the British Virgin Islands, Switzerland and the Channel Islands. It is … Continue Reading

India is Open for Business

Prime Minister Modi’s visit to the United States, set to start in New York on Friday, September 26th, is pregnant with expectation — though a number wonder if the Prime Minister’s PR machine is in overdrive.  The Prime Minister’s visit is not just hype; it will be both symbolic and substantive.  Modi’s message to the … Continue Reading
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