Morning News from India - July 9, 2018 Tweet09 Jul 2018
- Sensex Ends At 5-Month High As Focus Shifts To June Quarter Earnings (Bloomberg Quint)
- The missing 235m - Why India needs women to work (The Economist)
The female employment rate in India, counting both the formal and informal economy, has tumbled from an already-low 35% in 2005 to just 26% now. In that time the economy has more than doubled in size and the number of working-age women has grown by a quarter, to 470m. Yet nearly 10m fewer women are in jobs. A rise in female employment rates to the male level would provide India with an extra 235m workers, more than the EU has of either gender, and more than enough to fill all the factories in the rest of Asia.
- Chinese and US tech giants go at it in emerging markets (Economist)
No matter, so far as the tech firms are concerned. Winning the next billion users is seen as an investment worth making at almost any cost. Chinese tech giants must reckon with a dwindling number of new recruits to the internet at home; they also have the confidence, clout and capabilities to expand abroad. America’s titans might once have expected to face meek local rivals in emerging markets; now they have a fight on their hands. It is one they could barely have imagined four years ago, when those other titans, of the footballing ilk, were last challenging for global glory.
- CapitalG Talks Investment Strategy For India’s Startups (Forbes)
In India, it’s about investing for the long term and growing along with the economy and the local startup ecosystem . Here, unlike in USA, Europe or China, internet and smartphone adoption are taking off before a large proportion of the population has sufficient disposable incomes, so the businesses that succeed here will be very different.
Additionally, India is very diverse in terms of language and other cultural factors. Most internet companies in India are still serving the top 5% to 10% of the population who speak English, have sufficient household incomes and are similar to the middle class in developed markets. As they scale to the next 20% to 30% of the market, business models and cost structures will have to change.
- Indian Tourists Are Exploring India Like Never Before (NDTV) - MMYT, YTRA
Reliance Capital is out of Yatra (SEC) - YTRA
- Samsung opens world’s biggest phone factory in India (The Verge)
- Inside IKEA’s big marketing plan to win over India’s middle class (Quartz India)