INDIA CHINA Connect

Emerging markets like India are driving a global leisure travel surge, with spending expected to triple from $5 trillion in 2024 to $15 trillion by 2040, per a Boston Consulting Group report. Growth is fueled by a rising middle class, younger demographics, and a preference for experiences. India’s Millennials and Gen-Zers are leading this trend alongside China and Saudi Arabia. Travel motivations are expanding, including wellness and food tourism. Despite global uncertainties

India is undergoing an economic transformation, with super-rich households (earning ₹2 crore annually) set to grow from 1.8 million in...

India retained its position as the top global remittance recipient in FY25, with its diaspora sending a record $135.46 billion, a 14% rise from the previous year. Remittances now account for over 10% of India’s $1 trillion gross current account inflows, surpassing foreign direct investment as a key funding source. Skilled migration to developed nations like the US and UK has driven growth, while Gulf contributions have declined. These inflows play a vital role in reducing Ind

The Union Cabinet has approved a ₹1-trillion Research Development and Innovation (RDI) Scheme to boost private-sector innovation in strategic sectors like AI, deep-tech, and green technologies. Managed under the Anusandhan National Research Foundation, the scheme provides long-term, low-cost funding, including loans and equity investments, to address funding gaps. Announced in FY25’s Budget, it also supports technology acquisition and a Deep-Tech Fund of Funds. The initiative

China has introduced new tax incentives to attract foreign investors and boost its economy amid global trade challenges. Foreign firms reinvesting profits in China can deduct up to 10% of the reinvested amount from taxes, with retroactive applications allowed from 2025. These measures come as geopolitical tensions and competition with the US intensify. Premier Li Qiang reaffirmed China’s commitment to global collaboration, while the country also expands outbound investment op

Urban India’s food habits are shifting toward health, nutrition, and convenience. Families are embracing protein-rich diets and superfoods like quinoa and kale, while traditional staples like rice and wheat remain prevalent. Social media and health-focused brands drive awareness, reviving traditional ingredients like ragi and millet in modern formats. Brands now cater to the demand for healthier snacks and quick meals. However, experts caution against blindly following trends

India celebrates National Doctors’ Day on July 1 to honor the dedication of medical professionals. This date commemorates Dr. Bidhan Chandra Roy, a visionary physician and Bharat Ratna awardee, whose contributions shaped healthcare in India. The 2025 theme, “Behind the Mask: Who Heals the Healers?”, highlights the mental struggles of doctors, urging empathy and support. With over 2.1 million registered doctors, India’s healthcare workforce continues to grow. The day emphasize

India's external debt rose to $736.3 billion (19.1% of GDP) by March 2025 from $668.8 billion (18.5% of GDP) a year earlier. The increase was partly driven by a $5.3 billion valuation effect due to the US dollar's appreciation. Long-term debt grew to $601.9 billion, while short-term debt's share declined to 18.3%. US dollar-denominated debt dominated at 54.2%, followed by the rupee at 31.1%. Loans accounted for 34% of debt, highlighting the need for prudent management of liab

Amul, with a brand valuation of $4.1 billion, has retained its position as India's top food brand, as per Brand Finance's latest rankings. Mother Dairy, valued at $1.15 billion, secured second place, followed by Britannia, Nandini, and Dabur. Amul also ranked 17th in the top 100 Indian brands across industries, reflecting its growing influence. Mother Dairy rose to 35th, highlighting its significant progress. These achievements underscore the trust, resilience, and growth of

India’s AI industry is set to triple by 2027, reaching $17 billion, per a Boston Consulting Group (BCG) report. AI has become vital for...

Luckin Coffee, China’s largest coffee chain, has entered the U.S. market by opening two locations in New York City. Known for its mobile-first approach and affordability, Luckin disrupted China’s coffee scene with over 24,000 stores and competitive pricing. While its U.S. prices are closer to Starbucks, the brand aims to attract younger customers with social media campaigns and app-based promotions. Despite past scandals, Luckin rebounded to surpass Starbucks in China and now

India has made significant strides in formal sector job creation and social protection under Prime Minister Narendra Modi's leadership....

The newly constructed Ram Temple in Ayodhya, consecrated on January 22, 2024, has drawn over 55 million visitors, including 450,000 VIPs from various sectors. The Uttar Pradesh government has enhanced transport and infrastructure to accommodate the surge. High-profile visitors, such as Bollywood icons and cricket legends, have amplified the temple's significance. International attention grew with Errol Musk's visit. Ayodhya is emerging as a global religious hub, with the temp