All posts by Sourish Mohan Mitra

Sourish Mohan Mitra is an India-qualified lawyer from Symbiosis Law School, Pune and currently working as an in-house counsel with a global research firm in Delhi, India; views expressed are personal; he can be reached at sourish24x7@gmail.com; Twitter: @sourish247

India: Doing Business Ranking the only Face-Saver

India’s improvement in the World Bank’s Doing Business ranking is the only bright spot in a lackluster economy that desperately needs reassurance of a revival. It’s akin to the Diwali sparkle which lights up India around this time but belies the darkness for the rest of […]

India: Will Corporate Tax Cut Revive Growth or Widen Fiscal Deficit

The mounting pressure of a sagging economy and sharp economic growth forecast reductions by global institutions, the Government of India announced significant tax relief to corporates. However, while this seemed to cheer the industry and may be a stimulus in the short term, experts have warned […]

India: Stimulus to Slow the Slowdown

The Government finally took some recourse to revise the slowing India economy by introducing a stimulus economic package. The foreign direct investment limits were further liberalized to add possibly as part of the stimulus. The slowdown was now reported by Moody’s as well. The Personal Data […]

India: Renewed Interest in Entry of Foreign Law Firms

The discussion around entry of foreign law firms in India was resurrected recently. The economic slowdown is now even more glaring with ADB and IMF further lowering their respective April 2019 growth forecasts, which, together with the forecasts reported by World Bank and Fitch last month, […]

India: Economic Growth Slows Amidst Data Localisation Concerns

The Indian economy is heading for a slowdown as growth forecasts are flat or lowered. The laws pending for approval before the general elections are now in focus. Data localization concerns are rising with the data protection related proposed legislations due to be passed law soon. […]

Modi Returns While India’s FDI Falls

The people of India voted the incumbent Prime Minister Narendra Modi back to power with a thumping mandate in the general elections which concluded this month. The reforms and other initiatives of the current Government are expected to continue and pending legislations such as data privacy […]

Slowdown Forecast for India’s Economic Growth

The five year term of the current Indian Government led by Prime Minister Narendra Modi is coming to an end as the electoral process commenced in the world’s largest democracy. The elections are being carried out phase-wise across the country and results are scheduled to be […]

Mixed Forecast for India’s Economic Growth

There were mixed forecasts for India’s growth in reports issued by Fitch and Moody’s. While one showed a continuous decline the other one appeared stable. There is a proposal to liberalise foreign direct investment in foreign portfolio investments. India and South Korea came together to create […]

Dip in India’s FDI While It Climbs Highest in IP Index

India reported reduction in its foreign direct investments. The draft national e-commerce policy has been introduced and currently available for submission of comments by stakeholders. The news to cheer was India’s climb in global intellectual property index. The RBI’s forecast on India’s GDP growth was announced […]

High Growth Forecast for India Amidst Some Concerns

India continued to receive high economic growth forecast, as per reports issued by the International Monetary Fund and United Nations (UN). However, the UN reported highlighted some concerns and worrisome factors. Government of India recently amended the external commercial borrowings rules to further enable ease of […]

India Changes E-commerce FDI Rules

Government of India recently amended the FDI rules in the e-commerce sector. The amendment, though mentioned as a clarification, has made substantial changes to the regulations. Foreign portfolio investors’ registration has increased sharply during the year. The data protection bill appears to have been finalized. Fitch […]

Taj hotel

India Jumps in Doing Business Ranking

India shot up in the World Bank’s Doing Business ranking this year, marking a consistent rise in its performance in the last 4 years. The Government introduced a new initiative to keep the momentum going. India’s was also recognized as the second fastest innovater among major […]

Taj mahal

India Recovers Slightly in Global Competitiveness Rankings

India climbed five places to reach rank 58 in the Global Competitive Index recovering from the huge dip last year, after stellar performances in 2015 and 2016. India’s economic growth forecast by the IMF remained slightly lower that its April forecast. The current royalty norms for […]

Hong kong

India’s High Trade Potential in South Asia

The World Bank released a report with startling study on how limited transport connectivity, onerous logistics and regulatory impediments, and lack of trust, it costs more to trade within South Asia than between South Asia and world’s other regions. To give an example – Its 20% […]

Domb

India’s Growth Forecast High Amidst Dollar Woes

India’s economic growth forecast remained stable with Moody’s predicting growth of 7.5%. This was close to the forecast of 7.6% by Reuters. The Government is aiming for further jump in India’s ranking in the World Bank’s Ease of Doing Business Report. Finally, the demonitisation report card […]

Palace of Versailles

India World’s Sixth Largest Economy

India became the world’s sixth largest economy recently. However, its economic outlook forecast was marginally reduced. In its continued effort to improve ease of doing business, India announced results of States and Union Territories’ performance in Ease of Doing Rankings. India also became home to the […]

Taj hotel mumbai

India’s Economic Growth Scores Highest in World Bank Report

India’s economic growth prospects received a major boost from the World Bank and the Government of India reports. The Government also simplified the reporting of the foreign investment by Indian entities. The Government’s increasing focus on intellectual property rights and its awareness resulted in creation of […]

Akshardham delhi

India Attracts Largest E-Commerce Deal

India’s potential for high growth in retail came to the forefront with the acquisition of its biggest homegrown online retail company. The high economic growth prospects were reaffirmed by the IMF. There will be a new system for monitoring of foreign investment in listed entities. The […]

The Fort

India receives high economic growth forecasts

The global discussions around India’s economic growth continue to gather focus as we enter into the fifth and final fiscal year for the current Government. There was mixed response from various international agencies, which we have captured below. Asian Development Bank – Asian Development Bank (ADB) […]

Supreme court of india

India virtually closes the door to entry of foreign law firms

The much awaited verdict of the Supreme Court of India was pronounced recently which virtually closed the door for entry of foreign law firms. The Government has drafted an updated defence policy which seeks to increase foreign direct investment in the sector. India and Canada have […]

India gate

Global Corruption Index Dampens India’s Governance

The Central Government’s financial budget was announced wherein some foreign investment related policies were mentioned. There were changes proposed for foreign portfolio investors. The Indian Prime Minister declared India to be one of most open economies in the world. However, the dampener was India’s downward movement […]

Bandra

Sweeping Changes to India’s FDI Policy

2018 began with a bang for foreign investors as India made multi-fold changes to its FDI Policy. The IMF also forecast India would become the fastest growing economy in 2018 and 2019. The Bar Council of India denounced the changes suggested by the Law Commission of […]