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About Us
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The ICA Institute
is a non-profit research institute working to
foster research and dissemination of
knowledge on the rise of China and India and
their impact on global markets, global
resources and geopolitics of the world. The
ICA Institute's mission is to generate new
perspectives on the role of market and
resource driven economic development. ICA
Institute fosters interaction and dialogue
between academic scholars, industry leaders
and policy makers on the impact of emerging
economies in general and China and India in
particular. Specifically, The ICA Institute is
positioned to be a catalyst between faculty
and students in International Business and
industry leaders and managers.
www.icainstitute.org
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Books
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 Book Review- Imagining India
(Dr. Sudhanva Char | ICA Institute)
"...Nilekani, the co-founder with Narayana Murty of INFOSYS is prodigy unbound in these pages. He writes at times with authority, but most other times he is tentative, throwing up an idea just to get your reaction...he has come with an imaginative narrative about where and which way his countrymen should take India to achieve its potentials despite the daunting challenges..."
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Online Videos
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 China's consumption challenge
(McKinsey Quarterly | August 2009)
A panel of leading Chinese economists debates proposals to stoke private consumption in the world's fastest-growing economy.
 Unlocking the power of Chinese consumers: An interview with Stephen Roach
(McKinsey Quarterly | August 2009)
Morgan Stanley Asia's chairman discusses the roots and prospects of China's next revolution.
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Headlines
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 Six of World's Top 10 Economies Out of Recession
(Hispanic Business | Aug 17)
Among the five largest economies of the world, measured in purchasing power parity (PPP) dollars -- which is more of an apples to apples comparison -- China and India are already growing at healthy rates, although lower than their own pace for the last few years. Japan too has climbed out of recession and so has Germany. These economies and the US account for 47 percent of world GDP in PPP terms.
Infosys among world's 100 fastest growing companies
(The Economic Times | Aug 19)
NEW YORK: IT bellwether Infosys Technologies, along with Internet major Google and software giant Apple, has been named among the world's 100 Top
fastest growing companies by American publication Fortune.
The league of 100 is topped by Canada-based Research In Motion, the maker of Blackberry phones.
The list also features Cognizant Technology Solutions, headed by India-origin Chief Executive Francisco D'Souza. Infosys is placed at the 100th place while Cognizant is ranked 90.
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Money & Capital Markets
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 Chinese curse on Indian shares
(The Hindu Business Linea | Aug 18)
China and India are mentioned in the same breath by investors in the global financial community because the countries have similar economic growth trajectory. But this linkage is proving to be problematic to Indian equities in the last couple of weeks. The decline in Chinese stock prices is dragging its Indian counterpart lower.
Wall Street Joins a Global Downturn
(New York Times | Aug 17)
The
pessimism rubbed off on Asian investors who feared that a sustained
weakness in American spending would threaten recovery in
export-dependent countries like Japan and China.
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Environment | Climate Change
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India prepares strictest rules on disposing of e-waste
(The Economic Times | Aug 18)
Under the new 'E-waste (Management & Handling) Rules', each manufacturer of a computer, music system, mobile phone or any other electronic gadget will be "personally" responsible for the final safe disposal of the product when it becomes a piece of e-waste...
India's failing monsoon
(The Economist | Aug 20)
In 2002, when monsoon rains were down by 19%, GDP growth slowed from 5.8% to 3.8%. But as agriculture shrinks as a proportion of GDP-it made up 30% in 1990-the impact of poor monsoons is reduced. This year industrial output in June surged by its highest annual rate in 16 months, nearly 8%. Still, many economists have shaved a percentage point off growth estimates for the year, to between 6% and 7%.
Carbon markets in China
(The Economist | Aug 20)
The country is due to generate 55% of all certified-emission reduction credits (CERs), which under the Kyoto protocol allow companies in developed nations to offset their emissions by buying credits from developing nations. But to date China has not been a source of demand.
Jairam to engage 'ally' China in climate-change strategy
(The Economist | Aug 24)
Ahead of the Copenhagen summit in December, minister for environment and forests Jairam Ramesh is in China on a three-day official visit to work out a common strategy on climate change and engage in bilateral co-operation in the areas of environment and forestry.
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InfoComm | Technology
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No luck with ARPUs yet
(The Asian Age | Aug 18)
In spite of adding about 10 million subscribers every month, the Indian telecom sector is facing declining profit margins due to falling average revenue per user (ARPU), network expansion costs, and increased competition.
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Logistics | Transportation
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 An airline deal signals a shift in China's approach to investments abroad
(The Economist | Aug 20)
On August 17th Air China, China's flag carrier, announced it was raising its stake in Cathay Pacific, Hong Kong's biggest airline, from 17.5% to almost 30%. But the kind of incremental shift in share ownership that would signify little at a Western firm can speak volumes when Chinese state-owned firms are involved.
 Rebuilding Jaguar Land Rover: Tata takes charge
(The Economist | Aug 20)
Tata, having bought JLR in June 2008 for $2.3 billion, found it was hit by the credit crunch, like all other car firms. Bank funding dried up and in November JLR asked the government for guarantees to enhance its credit on commercial loans. Unlike the French and German governments, which were able to help carmakers via these firms' financing arms, which are authorised banks, the British government did not have that option.
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Energy
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Australia signs $50b gas deal with China
(The Australian | Aug 19)
An Asia-fuelled, decades-long windfall for Australia's natural gas sector looks assured with up to $100 billion of fresh investment over 12 to 18 months expected across a range of projects after China promised last night to buy $50bn worth of natural gas from the proposed North West Shelf Gorgon development.
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Infrastructure | Real Estate
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China goes house hunting to rev up economy
(Reuters | Aug 18)
Beijing's transit development is at a crossroads. The capital of the world's largest emitter of greenhouse gases is in danger of locking itself into a pattern of Los Angeles-type sprawl with ever-rising CO2 emissions, a new World Bank study finds.
Foreign Investors Eye US Real Estate, Mortgage Assets
(Reuters | Aug 17)
China Investment Corp (CIC) may invest up to $2bn in US mortgages through the government's Public-Private Investment Program (PPIP). The investment managers China Investment Corp is discussing the transaction with include BlackRock, Invesco, Marathon Asset Management, Trust Company of the West and Wellington Management Co.
India Real Estate Facing An Estimated 4 Year Depression
(Nuwire Investor | Aug 21)
Despite a growing economy, the Indian real estate market faces a long list of challenges. A lack of mortgage financing, low rental yields, and stalled development projects are just some of the reasons India is looking at an estimated 4 year depression in housing. For more on this see the following article from Global Property Guide on the current state of India real estate.
Australia is now a hot real estate market for Chinese investors
(China Daily | Aug 22)
Chinese buyers are snapping up some of the best luxury properties in Sydney including big homes on the harbor, and new condominium developments. Real estate brokers and developers said Chinese buyers are most interested in hot properties in the inner-city and by the beach. They are attracted by new foreign ownership rules, a favorable exchange rate, and the relative stability of the Australian property market.
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Opinions
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Blair: China, US committed to addressing climate change
(The China Daily | Aug 20)
There is renewed commitment in the United States and China to tackle the problem of climate change, former British Prime Minister Tony Blair said in an interview with China Daily on Thursday after meeting with Chinese Premier Wen Jiabao and other government and business leaders in Beijing this week.
"The level of determination is bigger than it's ever been before," he said.
Is China on Track for Suburban Sprawl?
(New York Times | Aug 18)
Beijing's transit development is at a crossroads. The capital of the world's largest emitter of greenhouse gases is in danger of locking itself into a pattern of Los Angeles-type sprawl with ever-rising CO2 emissions, a new World Bank study finds.
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Sincerely,
ICA Institute
Please send your comments/suggestions to prashant.das@icainstitute.org
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