‘Year of India’

‘YEAR OF INDIA IN CANADA’ LAUNCHED IN OTTAWA
The Times of India

Picture taken from here

OTTAWA: India has launched year-long activities and programs for its ‘Year of India in Canada’ to showcase the country’s rich art and culture, as well as its rise as an economic power.

Indian high commissioner S M Gavai launched the program with a major investment in Canada-India Centre for Excellence in Science, Technology, Trade and Policy at the Carleton University.

Gavai and Roseann O’Reilly Runte, Carleton University president, signed a memorandum of understanding (MoU) on Monday governing the visiting chair in the field of humanities and social sciences that would bring together key members of the academic, business and public policy communities in both countries to provide cutting-edge research, analysis, training and exchanges.

Indian Economy

INDIAN HEALTHCARE TO DOUBLE SIZE TO $100 BILLION BY 2015
The Economic Times

NEW DELHI: The Indian Healthcare sector will double its size to USD 100 billion by 2015 from the present USD 50 billion, according to ratings agency Fitch.

Giving a stable outlook for the sector, it said: ” Fitch expects a continuous double digit growth in the sector leading to a doubling in size of the current USD 50 billion industry by 2015.”

Fitch cited a growing economy, lifestyle related health issues, improving healthcare insurance penetration, government initiatives and increasing disposable income as the main reasons for a robust future of the sector.

It, however, cautioned that profitability margins will remain stressed for many players, given the time taken to stabilize operations and to attain economies of scale.

U.S. GROWTH SURGES TO 3.2% IN FOURTH QUARTER
The Economic Times

WASHINGTON: US growth surged to 3.2 percent in the last quarter of 2010, amid higher consumer spending , the Commerce Department said Friday.

Americans spent more and exports grew, pushing growth levels up from the 2.6 percent seen in the third quarter.

But the positive figure missed expectations of a 3.7 percent expansion.

A dip in imports — which directly subtract from growth — also added to the expansion.

Commercial Real Estate

RETURN OF OFFICE SPACE
Indian Express

The free fall in commercial real estate and office space as a result of the global downturn in 2008 has finally shown signs of growth. With economic activity back on track and restored business confidence, there has been a push in demand which, according to analysts, could also result in warming up of rates. Despite one of the most difficult periods for the industry in recent times, the turbulence and uncertainty caused by the recession created learning opportunities. With signs in the global economy that the worst may be behind us, commercial office space in India has begun to consolidate, focusing on affordability, diversification and delivery.

With lower rents in IT as well as non IT spaces, the opportunistic demand is led by domestic occupiers, who have expanded their real estate portfolios in various Indian cities.

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