Tensions between Japan and South Korea come as the U.S. and its trading partners are embroiled in a global trade war.Technologyread more
The one-to-eight stock split would mean the current number of ordinary shares — which stands at 4 billion — will increase to 32 billion. It comes ahead of a reported Hong Kong...Asia Marketsread more
Minutes from the Reserve Bank of Australia's monetary policy meeting in July showed the central bank was ready to adjust interest rates if required.Asia Marketsread more
Current and former Tesla employees working in the company's open-air "tent" factory say they felt pressure to take shortcuts to hit aggressive Model 3 production goals,...Technologyread more
China's fiscal spending increased 10.7% in the first six months from a year earlier, the finance ministry said on Tuesday, underlining the government's bid to support the...China Economyread more
The findings by McKinsey and Company come amid a year-long tariff fight between the U.S. and China, which has spilled into areas such as technology and security.China Economyread more
Microsoft's considerable reach into the corporate world isn't something Slack CEO Stewart Butterfield is very concerned about.Technologyread more
Von der Leyen, one of the longest serving ministers in Germany, has tried to woo European lawmakers over the last two weeks.Europe Newsread more
A devastating outbreak of African swine fever that has killed millions of pigs in China is changing attitudes in a country where farm hygiene has often been seen as lax by...Livestockread more
In a closed-door meeting at a Manhattan mansion, executives outlined changes to controversial software that was implicated in two crashes.Aerospace & Defenseread more
President Donald Trump and the RNC are picking up key supporters in the business community who did not back him as a candidate in 2016.2020 Electionsread more
India's economy is on a tear at the moment and, if the International Monetary Fund (IMF)'s forecasts are correct, the country could grow faster than China next year. But could one of the factors helping growth—commodity prices—spoil India's ride?
A combination of low commodity prices, strong demographics and new leadership in government and the central bank mean India is set to grow by 7-8 percent annually for the next 10 years, according to Anand Shah, chief investment officer of BNP Paribas Investment Partners India. This could see the country become the world's third-biggest economy by around 2030 and the second-largest by 2040.
"The macroeconomy has never been better in India," Mumbai-based Shah told CNBC on Tuesday, ahead of a client conference in London.
Since the latter half of 2014, official estimates have indicated that India's growth is nearing that of China—where economic expansion continues to fall further from the once-standard 10 percent per year. This year, the IMF forecast that India's growth would near that of China in 2015 and trump it in 2016.
Optimism for the country's fortunes has increased since the election of Narendra Modi, who has pledged to decrease unemployment, upgrade infrastructure and combat government inefficiency and corruption.
"India's really operating from a position of strength right now," David Riedel of Riedel Research Group told CNBC last week.
"It's very popular with international investors; domestic investors are feeling very enthusiastic about it as well. Inflation is down, which is critical for them and they have a new government that has a mandate for change."
As a net commodities importer, India is vulnerable to an upturn in oil prices. The country brings in around 70 percent of its oil consumption—worth 5.5 percent of its gross domestic product (GDP), according to BNP Paribas—and is also a heavy buyer of coal, iron and palm oil.
Shah said that India had "survived" between 2011 and mid-2014 when oil was priced at $100 per barrel, albeit with "some fiscal concerns."
He added that crude prices were not forecast to rise back above $70 in the short-term.
"Rising crude oil prices might spoil the ride (in India's economic growth) for a year (but not longer)," he told CNBC.
So is India the new China? Some investors are unconvinced, and even Shah said there was little chance of India damaging China's prospects of growing to be the world's biggest economy by 2020.
"China would have to do something wrong and that would probably hurt India," he told CNBC.
Jonathan Brodsky of Advisory Research remained in the China camp.
"We think the slowdown in growth within China is actually going to be productive in the long-run. So if you have three-to-five-year time horizon, we think Chinese-orientated securities have limited downside and lots of upside opportunity," he told CNBC.