introduction to investment environment in BRICS
The BRICS members are known for their significant influence on regional affairs; all are members of G20. Since 2009, the BRICS nations have met annually at formal summits. China hosted the 9th BRICS summit in Xiamen on September 2017, while South Africa hosted the most recent 10th BRICS summit in July 2018. In 2015, the five BRICS countries represent over 3.1 billion people, or about 41% of the world population; As of 2018, these five nations have a combined nominal GDP of US$18.6 trillion, about 23.2% of the gross world product, combined GDP (PPP) of around US$40.55 trillion (32% of World's GDP PPP) and an estimated US$4.46 trillion in combined foreign reserves. In order to better serve the investors and enterprises interested in BRICS countries, we have specially opened this area.

More to come in the near future!

Researches and Updates

India to hold top spot for economic growth but oil poses risk: Poll

The over $2 trillion economy, which surpassed France recently to become the world's sixth-largest economy, is expected to grow 7.4 percent in the fiscal year ending in March 2019 and 7.6 percent next, according to average forecasts in the latest poll of nearly 70 economists, taken July 19-24. India will remain the fastest-growing major economy this year supported by increased government spending ahead of next year's general election, but rising oil prices pose the biggest downside risk, a Reuters poll of economists showed. The over $2 trillion economy, which surpassed France recently to become the world's sixth-largest economy, is expected to grow 7.4 percent in the fiscal year ending in March 2019 and 7.6 percent next, according to average forecasts in the latest poll of nearly 70 economists, taken July 19-24. In contrast, analysts in the most recent Reuters poll expect China's economy, the world's second largest, to grow 6.6 percent this year. But record high costs of diesel and petrol - which are the biggest items on India's import bill - at a time when the rupee is weakening and close to a record low has become a major burden, posing a risk to those forecasts. Over 60 percent of 41 economists who answered an additional question on risks to the outlook said the recent rise in oil prices was the biggest threat, as that would increase the prospect for more interest rate hikes by the Reserve Bank of India. "We think that for every 10 dollar rise in oil prices, India growth declines by 30-40 basis points. This impacts growth by lowering consumption and raising input costs," said Shashank Mendiratta, economist at ANZ. India's economy has started to recover after a slowdown caused by a ban on high-value currency notes in November 2016, followed by the hasty implementation of a goods and services tax (GST) in July last year. Indeed, growth has been accelerating over the past year from a low of 5.6 percent to above 7 percent in recent quarters. But, while the quarterly growth outlook for India is relatively steady through to the end of next year, it is not expected to match or surpass the 7.7 percent rate reported for the latest quarter. "Relatively higher interest rates, high oil prices, uncertainties on the exchange rate, gradually building up political risks from the 2019 elections “ are all headwinds that can slow down the growth momentum," noted Samiran Chakraborty, senior economist at Citi. "Much will depend on the extent of (government) spending in fiscal year 2019 and its multiplier effect on the rural economy." The consensus for growth has remained largely unchanged for almost a year in Reuters polls, despite worries about escalating trade disputes, which has dented confidence among economists surveyed on most other major economies. Indeed, the Reuters poll growth forecast for India this fiscal year is now a touch higher than the International Monetary Fund's projection, at 7.3 percent. Some respondents also said the trade dispute between the United States and its trading partners will have only a minimal impact on the Indian economy, compared to others in the region.
"The big concern for many economies in Asia at the moment is the growing protectionist threat from the U.S. It is difficult to know how events will unfold, but the key point for India is that it doesn't look particularly exposed to a more protectionist U.S.," noted Shilan Shah, senior India economist at Capital Economics.

The latest Reuters consensus was for India retail inflation to average 4.9 percent in the year ending March 2019, up from 4.7 percent predicted just three months ago. While inflation has been above the RBI's medium-term target of 4 percent for eight months and is expected to stay that way through to the end of 2019, economists in the poll were almost evenly split over the next rate hike. Thirty-seven of 63 economists said the RBI will raise rates again in August and 22 respondents said the next rate hike would come by end-2018 or in the January-March quarter next year. While one economist still expects a hike in the third quarter of next year, the remaining three respondents do not expect any change until end-2019. That suggests, several economists have merely brought forward their expectations for tightening compared to the poll taken ahead of the central bank's June meeting, when the median consensus was for a hike in the last quarter of this year, followed up by an increase in early 2020. "We had previously expected the start of the rate hike cycle in Q4 2018. However, reflecting this earlier than expected move (in June), we now expect the rate hikes to be front-loaded," noted Morgan Stanley. If the RBI does raise rates next month, it would be the first time since October 2013 that the central bank has hiked borrowing costs at two consecutive policy meetings.

India  New

NEW DELHI: Prime Minister Narendra Modi has called a meeting to discuss and set targets for infrastructure ministries, as his government enters the last year of its term. “The Prime Minister’s Office has called a meeting on August 2 to fix targets for housing and infrastructure ministries. The ministries will share their plans in the presence of the Prime Minister,” an aviation ministry official said, speaking on the condition of anonymity. The meeting is taking place at a time when airlines are complaining about infrastructure constraints at airports that they claim are hurting their growth plans. The aviation ministry, which has also been called for the meeting, is likely to share plans that include building and upgrading airports through public and private funding across the country to increase their capacity. The plans include upgrading airports in a manner that leads to improvement in efficiency of the existing infrastructure. The ministry is also likely to share details of the Airports Authority of India’s (AAI) proposal to invest Rs 20,000 crore to build and upgrade airports over a period of four years. “We are already working on our plan to build and upgrade airport infrastructure. Infrastructure development takes time and results of the plan will start showing in a couple of years,” said a senior AAI official, who did not want to be identified. AAI is also considering building 375 new parking bays at airports based on the aircraft induction plans of Indian airlines. The airport capacity creation is not just limited to investments by the AAI. A substantial part of the investments is to come from the private sector, which is set to build new airports in Greater Noida, Navi Mumbai, Goa and Pune, among others. Plans are also to build a second airport in Kolkata and in Chennai. Local airlines complain that they were unable to add new flights due to infrastructure deficit at airports. Key airports of Mumbai and Delhi are only offering slots between 11pm and 5 am for new services. Pune and Goa are not offering slots for any new flights in the daytime. Bengaluru, Chennai and Kolkata do not have any new slots at peak timings — 6-10 am and 5-9 pm. Airports in towns and small cities such as Jaipur, Jammu, Srinagar and Patna are also not offering desirable slots.

India  News

India said on Wednesday that the “blue economy” is the foundation of an alternative economic model for sustainable development and that this ocean should be the focus of the center. In the keynote speech at the 2nd ASEAN-India Blue Economy Symposium, the Secretary of the Ministry of Foreign Affairs (Sreeti Saran) said: "The blue economy is certainly one of the most important and important areas of cooperation. By using marine resources Promoting economic and social development in a sustainable manner is imperative without destroying these limited natural resources. She said that ASEAN and India have a wide range of cooperation in the blue economy and reiterated that the Indian government is committed to promoting the blue economy. "Our Prime Minister Narendra Modi has spoken this many times at the national and international levels. He observed: "For me, the blue chakras or the wheels of the Indian flag represent the potential of the blue revolution or the ocean economy. This is the importance of the ocean economy to us," she stressed. Ms. Saran also said that the seabed currently accounts for the global supply of hydrocarbons from the Vietnamese Ministry of Foreign Affairs, the Research and Information System (RIS) of the developing countries, the senior officials of the ASA's ASEAN-India Center and the National Maritime Foundation of India. With 32% of the volume, the ocean has great potential to produce renewable energy. “Emerging technologies are opening up new areas of marine resource development, including the exploitation of seabed mineral resources,” she said. “The ocean is the key to the fate of a rapidly evolving global order. Covering 72% of the Earth's surface, which constitutes more than 95% of the biosphere, the ocean provides a large amount of food and livelihoods for the world's population. Part of the global trade in goods travels by sea, ocean and coast. The environment is also a big tourist attraction," she said.

India  News

Economic Affairs Secretary Subhash Chandra Garg on Saturday said that India's digital economy is expected to touch $1 trillion mark by 2022. "We expect the Indian economy to be a $1 trillion digital economy by 2022 and going forward... possibly by 2030, the digital economy would be half of the total economy," Garg said at the Platinum Jubilee Celebrations of the Institute of Cost Accountants of India (ICAI) on Saturday. The Economic Affairs Secretary further said that India is the sixth largest world economy and it would become fifth largest economy by 2022. "We will become 5th largest economy by 2022. If a situation is favourable then we can become 5th largest economy by 2019 hopefully," he noted. Garg also underscored that 7-8 per cent rate of growth has become a norm for India. "We have to work hard to grow above the 8 per cent growth rate. The economy is stable." "Good days are ahead and a lot of good work is happening in the economy. The economy is on a stage of takeoff where Indians can legitimately hold their heads high," he said. Expressing optimism, the Economics Affairs secretary said, "By 2030 we can expect 10 percent growth rate. This is a challenge but we can achieve. This is a challenge as well as an opportunity for us." His comments came in the backdrop of latest World Bank data showing that India emerged as the sixth largest economy in the world, surpassing France, last year. India became the sixth largest economy with a GDP of $2.59 trillion in 2017.

India  News

India has become the world's sixth-biggest economy, pushing France into seventh place, according to updated World Bank figures for 2017. India's gross domestic product (GDP) amounted to $2.597 trillion at the end of last year, against $2.582 trillion for France. India's economy rebounded strongly from July 2017, after several quarters of slowdown blamed on economic policies pursued by Prime Minister Narendra Modi's government. India, with around 1.34 billion inhabitants, is poised to become the world's most populous nation, whereas the French population stands at 67 million. This means that India's per capita GDP continues to amount to just a fraction of that of France which is still roughly 20 times higher, according to World Bank figures. India has doubled its GDP within a decade and is expected to power ahead as a key economic engine in Asia, even as China slows down. According to the International Monetary Fund, India is projected to generate growth of 7.4 percent this year and 7.8 percent in 2019, boosted by household spending and a tax reform. This compares to the world's expected average growth of 3.9 percent. The London-based Centre for Economics and Business Research, a consultancy, said at the end of last year that India would overtake both Britain and France this year in terms of GDP, and had a good chance to become the world's third-biggest economy by 2032. At the end of 2017, Britain was still the world's fifth-biggest economy with a GDP of $2.622 trillion. The US is the world's top economy, followed by China, Japan and Germany.

Shenzhen Stock Exchange and BRICS

SZSE Signs MOUs with Moscow Exchange

2018-10-15, Vice President Peng Ming of Shenzhen Stock Exchange (SZSE) and his people visited Russia which is nation alongside the Belt and Road to boost the exchanges and cooperation with the capital market of such nations. On the day, SZSE signed memorandums of understanding respectively with Moscow Exchange (MOEX) and would develop in-depth partnerships with each other such aspects information sharing, personnel exchange, market cultivation, product R&D and innovative capital service. SZSE Vice President Peng and MOEX CEO Alexander Afanasiev attended the respective signing ceremonies. Next, SZSE will earnestly serve the Belt and Road construction as per CSRC’s unified deployment to fully draw on the characteristic advantages of its SMEs services and innovative venture systems, keep exploring the new mechanism and route of cooperation with the capital market of countries along the Belt and Road and enhance international cooperation exchanges. In this way, SZSE is endeavoring to serve the new pattern of China’s opening-up and build a international leading innovative capital formation center. MOEX, the largest exchange group in Russia, was born from the merger of Moscow Interbank Currency Exchange and Russian Trading System in December 2011. Its main products and services include stocks, bonds, derivatives, foreign exchange market, monetary market and precious metal operation and trading market. By the end of the first half of 2018, there are 229 listed companies, whose market capitalization total about USD 621.1 billion, on MOEX.

India,China,Russia,Brazil,South Africa   World Police

Characteristic Industry Research Newspaper

China will step up efforts to ease market restrictions over foreign investment, with measures to open up more sectors and guarantee equal treatment, according to a press conference on Friday. Tang Wenhong, an official with the Ministry of Commerce (MOFCOM), said MOFCOM will make specific arrangements and set a clear agenda to push forward the implementation of policies designed to improve the business environment and encourage foreign investment. By the end of March 2019, the government will eliminate all limits that go beyond the official negative list for foreign investment and a special inspection will be launched to ensure all foreign-funded firms are treated equally in areas including government procurement, subsidies and licenses. By the end of this year, provincial authorities will establish and improve mechanisms to handle complaints from foreign businesses. China will scrap all laws, rules and normative documents that go against the current opening-up policy by the end of 2019, Tang said. From services to manufacturing and telecommunications, more sectors will become open to foreign businesses and the investment environment will become better, Tang said, adding that the revision of two guidance catalogues for foreign investment will also be finished by the end of March. China has also unveiled a string of policies to improve the business environment, including building a level playing field, strengthening intellectual property protection and reducing business operation burdens. Xiong Maoping from the State Administration for Market Regulation said efforts will be taken to promote more convenient and transparent market entry. "By the end of the year, the time required for opening a business will be cut to 8.5 days in major cities," Xiong said, adding the procedures will become clearer and more predictable. Zhou Xiaofei from the National Development and Reform Commission said the central government will pilot an evaluation system for the business env