Emerging Economies | September 29, 2017 |
Dear Subscribers,
Hope you are doing well. The world has seen lot of ups and downs in last 2 weeks, across emerging markets and the affect of global world politics on it. Enjoy reading. FYI, I'll be away in the month of October, and won't be sending this weekly curated newsletter. Looking forward to catchup later.
Meanwhile, if you have an amazing resource and want to see your resource in our next digest, I'd love to hear from you too. Looking forward to your feedback and resources. Submit it here. Have a great weekend.
Thank you.
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| | TechJuice.pk Asha Jadeja, a renowned name in the entrepreneurship community of Silicon Valley and India, has launched the Pakistan chapter of her international venture capital firm, Dot Edu Ventures. Dot Edu Ventures, a highly respected venture capital fund in Silicon Valley, is formally launching Dot Edu Ventures (DEV) Global in Pakistan. The fund has already seeded 5 IT startups in Pakistan with a plan to expand their investment portfolio in the coming months.
In addition to this, Asha has been supporting Pakistani entrepreneurs through her Rajeev Circle Fellowship program, in which young startup founders from India and Pakistan are invited to Silicon Valley for two weeks to meet with investors, learn from experienced entrepreneurs and take these learning lessons to their respective countries to build sustainable solutions and guide fellow startup founders. | | By Faseeh Mangi - Bloomberg Pakistan's burgeoning youth and their freewheeling attitude toward rising incomes have turned the nation into the world's fastest growing retail market.
The market is predicted to expand 8.2 percent per annum through 2016-2021 as disposable income has doubled since 2010, according to research group Euromonitor International. The size of the middle class is estimated to surpass that of the U.K. and Italy in the forecast period, it said. | | By ZeeBiz WebTeam While the country is going through economic turbulence, Asian Development Bank report called it as "short-term hiccups". India's growth moderated due to lingering effects from demonetisation and transitory challenges related to the new goods and services tax (GST) regime.
Gross domestic product (GDP) plunged to three years low in the first quarter of FY17 to 5.7%. ADB in its report said that the forecast for the rest of FY2017 will be more bullish as private consumption is expected to pick up on the back of low inflation and anticipated wage hikes. Yasuyuki Sawada, ADB Chief Economist, in its report said, "India's ambitious reform agenda will lead to higher long-run growth for its economy. Despite the short-term hiccups as firms adapt to the national GST, we believe that continued reform progress will help India remain one of the world's most dynamic emerging economies." | | By Johanna Bennett - Barron's The latest rhetoric out of North Korea combined with Germany's election results are casting a shadow over emerging market stocks. North Korea says President Trump's latest comments about the country are a declaration of war and election results in Germany have sparked renewed fears that hurt Latin American currencies. Emerging markets stocks aren't faring well either, posting their biggest one-day loss in four months, according to Reuters.
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