It added that there would permanent output losses from the pandemic for all emerging markets, with the gap relative to pre-COVID GDP path as large as 11 percent in India, 6 percent-7 percent in most of Latin America and South Africa, 3 percent-4 percent in most of Emerging Europe, and 2 percent in Malaysia and Indonesia. … [Read more...] about Coronavirus impact | India will suffer the biggest GDP loss globally, says S&P
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Clearly, all these affirm the huge digital potential of India, but also underscore different approaches towards cracking a cluttered and noisy market. Most or all of these initiatives may not have occurred had China not shut out the American companies. Just over the past year or so, Google was thwarted by a backhanded attempt to launch a censored search engine in China, and most recently dumped a plan for a cloud service. To that extent, China’s policy has accelerated India’s digital push and India would do well to make the most of it. … [Read more...] about The road ahead for Google’s $10-billion India Digitisation Fund
“As countries around the globe are grappling with the COVID-19 pandemic, information and communications technologies (ICT) have become a crucial tool for combatting the virus, but an engine for economic recovery. Huawei reiterated its commitment to working with carriers and industry partners to maintain stable network operations, accelerate digital transformation, and support efforts to contain local outbreaks and reopen local economies,” Huawei said in its statement. … [Read more...] about Huawei records 13.1% revenue growth in H1 2020 despite pandemic and US ban
So questions have been raised on whether this trend can be sustainable since pent-up demand will eventually get exhausted and the market will have to then survive on the fundamental demand. Though manufacturers themselves are not able to clarify if the sales trend will sustain itself given the widespread disruption by COVID-19, some initial trends in retail off-take may provide a better understanding. … [Read more...] about This week in Auto: Has real demand picked up?
"We are going to announce soon an exceptional package comprising serological test (kits), ventilators and some expertise," the French envoy said in the message posted on all social media handles of the French Embassy here. … [Read more...] about France to soon announce ‘exceptional package’ to boost India’s COVID-19 fight: Envoy