Request a demo    19 March 2018 FROM THE CEO OF EMIS Last week, the World Bank affirmed its confidence in the Indian economy by forecasting growth of 7.3% next year and 7.5% in 2019/20. This is music to the ears of those who feared that progress in world’s 7th biggest economy was beginning to falter with declining growth, consumption and confidence data in 2017. India’s recent growth blip has mostly been self-induced. Prime Minister Modi’s government imposed a demonetisation policy and a new Goods and Services Tax that it regarded as important structural reforms to strengthen the foundations of the country’s economy.That shock to the system is now largely played out and India looks set to capitalise on favourable global economic conditions to resume its position as the world’s fastest growing large emerging market. Services will continue to be a main engine of growth but manufacturing will also play a large part. The credibility of the Indian economy is further strengthened by the prospect of growth in exports and private investment. Of course, the country faces enormous problems in terms of sharing the benefits of prosperity more widely within its society. It also need to continue its programme of fiscal and public sector reform to ensure growth is sustainable. But the signs are good for India and at EMIS we regard the country as a crucial market to invest in. That’s why, later this week, we are expanding our India country database to include close to 1 million Indian private and public companies. I do hope that this will prove a valuable enhancement for our clients both in India and without. Guy Dunn P.S. Here are a few articles on this issue from EMIS last week. WORLD BANK: INDIA WILL RETURN TO 7.5% GROWTH IN TWO YEARS The Indian economy regained its momentum in the December quarter, recovering from disruptions, to expand at 7.2%, the fastest in five quarters.    Read more    INDIA JOB MARKET COULD SEE UP TO 20% GROWTH NEXT FINANCIAL YEAR India's job market is likely to see 15-20% growth in hiring next financial year on an improving business outlook and industry confidence supported by GDP growth.    Read more    INDIA ON WAY TO RECOVERING FROM DEMONETISATION The Indian economy now seems to be on its way to recovering from disruptions caused by demonetisation and roll-out of goods and services tax, the International Monetary Fund said.    Read more    INFOGRAPHIC OF THE WEEK POLAND FOOD SECTOR 2017/2021 Food manufacturing is one of the key branches of the Polish economy as food output accounted for 11% of the country’s GDP in 2016. Poland has traditionally been a farming country but it has recently started to shift its focus on healthier and more high-technology products.    Click to view it full screen    WEEKLY NEWS SUMMARY Below are the most read articles in the past week on EMIS Perspectives, our daily blog of emerging market news and insights.     ASIA     THAILAND’S RICE EXPORTS DROPPED BY 16.7% IN JANUARY Thailand’s volume of rice exports in January stood at 961,859 tonnes, a 16.7% decrease from 1.15 million tonnes recorded in December last year.    Read more    SOUTH KOREA’S MARITIME TRANSPORT DEFICIT HITS RECORD HIGH IN 2017 South Korea’s maritime transport deficit has risen sharply from US$1.34 billion in 2016 to US$4.78 billion last year, marking the biggest shortfall since the central bank began collecting data in 2006.    Read more    AUDI AND FAW SIGN DEALS TO ESTABLISH TWO NEW COMPANIES IN CHINA German carmaker Audi AG has signed memoranda of understanding with its Chinese partner FAW Group to establish two new companies for exploiting new business opportunities in the mainland.    Read more                  LATIN AMERICA               MEXICO’S AUTO EXPORTS TO EUROPE SOAR 189% Y/Y IN FEBRUARY Mexico’s automotive exports to Europe jumped 189.3% year-on-year in February, daily El Economista reported citing figures released by the local Association of the Automotive Industry (AMIA).     Read more    NEW VEHICLE SALES IN CHILE SURGE 23.6% Y/Y IN FEBRUARY New vehicle sales in Chile jumped 23.6% y/y to 29.427 units in February, CEEMarketWatch reported citing figures released by the National Association of Vehicle Distributors (ANAC).     Read more    PERUVIAN CONSTRUCTION SECTOR TO GROW 4%-8% IN 2018 The Peruvian Chamber of Construction (CAPECO) projected that the local construction sector would grow 8% this year, M-Brain News Monitoring reported.    Read more         EMERGING EUROPE      FIRST ROMANIAN "TECH UNICORN” PLANS EXPANSION Romanian startup UiPath, that has recently reached a valuation to up to USD1.1 thus becoming the first Romanian “tech unicorn”, has announced plans to open an additional R&D center in Romania, Ziarul Financiar reported.     Read more    GERMAN FLIXBUS AIMS TO BOOST PRESENCE IN POLAND German bus service provider FlixBus aims to boost its expansion in Poland as it is concluding the purchase of local rival PolskiBus, the Polish News Bulletin (PNB) reported, underlining that FlixBus also has six local partners.     Read more    POLAND, BALTIC STATES AIM TO BOOST TIES IN ENERGY, INFRASTRUCTURE AREAS Poland and the three Baltic States want to boost their co-operation in various areas such as energy, infrastructure and defence, the Budapest Business Journal (BBJ) reported.     Read more              MIDDLE EAST & AFRICA           IVORY COAST TO CURB COCOA OUTPUT IN BID TO BOOST QUALITY AND PRICES Ivory Coast has decided to curb cocoa production in the next five years, CEEMarketWatch reported referring to Agriculture Minister Mamadou Sangafowa. The plan aims to boost quality of the crop and respectively the prices.       Read more    EGYPT, JAPAN TO ESTABLISH REFINERIES COMPLEX IN SUEZ Egypt and Japan are exploring an option to set up a refineries complex in the Suez governorate, northeastern Egypt, Petroleum Bazaar reported citing the Egyptian petroleum minister Tarek el-Molla.     Read more    TWO US FIRMS PROPOSE TO BUILD USD 2BN GTL PLANT IN ETHIOPIA Two US firms have proposed to build a USD 2bn natural gas refinery in Ethiopia, BBC Monitoring – MENA said referring to a report in local newspaper The Reporter.    Read more    ABOUT EMIS EMIS operates in and reports on countries where high reward goes hand-in-hand with high risk. 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