#infrastructure investment India

[townpostin]

Budget Boosts Economic Optimism in Jharkhand: Arun Prakash

CII official lauds growth-centric fiscal plan Government’s financial roadmap garners praise for its focus on infrastructure, MSMEs, and tax reforms. JAMSHEDPUR – Local industry leader commends the latest budget for its potential to drive economic progress. The recent budget announcement has received a positive reception from Jharkhand’s business community. Arun Prakash, a key figure in the…

[indizombie]

Waghmore says the heightened sense of privileged individualism—where the rich have the means to fend for themselves—“has the worst consequences in poor countries, where governments are yet to invest morally and economically in public infrastructure and transport to counter environmental degradation.” K, who regularly treats those suffering from India’s air pollution inequality, puts it more succinctly. “I don’t think people should live with this,” she say, adding that everyone needs to take demand solutions. “If you don’t get something as basic as fresh air, then what’s the point of living in our country?”

Akanksha Singh, ‘The Alarming Rise of India’s Pay-to-Breathe Industry’, Wired

[anik211]

India’s Path to a $10 Trillion Economy: Unlocking Growth Through Financial Inclusion, Innovation, and Sustainability 🇮🇳💡🌱

India’s ambitious goal of becoming a $10 trillion economy by 2032 reflects its immense potential and aspirations. I view this target as both challenging and achievable, provided that strategic improvements are made across multiple sectors. Let’s explore the key areas that demand attention and assess their potential impact on India’s economic trajectory. 1. Financial Inclusion: The Catalyst for…

[foxnangelseo]

Strategic Insights Into India's Investment Scene

In recent years, India has emerged as a beacon of economic growth, with robust GDP expansion and a thriving equity market. The year 2023 witnessed a remarkable surge in equity investments, marking the eighth consecutive year of positive returns, a milestone unparalleled in the history of Nifty Index since its inception in 1996. As investors contemplate the prospects for 2024, the key question arises: will this upward trajectory be sustained, and how should one position their equity allocations?

Economic Landscape:

India's GDP growth has been commendable, averaging over 7% annually. However, to maintain this momentum and achieve sustained growth rates exceeding 8%, substantial investments are imperative. The nation aims to elevate its investment levels from approximately 30% to 34% of GDP, necessitating a cumulative investment surpassing $1.5 trillion over the next five years.

Investment Strategy:

To delineate a comprehensive strategy for achieving this ambitious investment goal, a thorough analysis spanning 25 key sectors was undertaken. These sectors encompass Infrastructure, Manufacturing, Services, Natural Resources, and the Knowledge Economy, collectively constituting a significant portion of the economy. The projected investment requirement for these sectors amounts to a substantial $525 – $550 billion over the next half-decade.

1. Rising Economic Potential: India's robust GDP growth and burgeoning middle class present abundant investment opportunities across various sectors, ranging from infrastructure to technology and healthcare.

2. Government Initiatives: The Indian government's ambitious initiatives such as "Make in India," "Digital India," and "Smart Cities Mission" aim to bolster domestic manufacturing, digital infrastructure, and urban development, thereby creating favorable conditions for investment.

3. Demographic Dividend: With a youthful population and a growing workforce, India boasts a demographic dividend that offers a significant advantage for businesses looking to capitalize on the expanding consumer market and skilled labor pool.

4. Technological Advancements: India's emergence as a global technology hub, driven by a thriving startup ecosystem and advancements in sectors like IT, biotechnology, and renewable energy, presents lucrative opportunities for tech-savvy investors.

5. Infrastructure Development: The government's emphasis on infrastructure development, including transportation networks, energy projects, and urban amenities, offers long-term investment prospects supported by robust public-private partnership (PPP) frameworks.

6. Financial Reforms: Ongoing financial reforms, including measures to enhance ease of doing business, facilitate foreign investment, and strengthen regulatory frameworks, are bolstering investor confidence and fostering a conducive investment climate.

7. Market Resilience: Despite occasional market fluctuations, India's equity markets have demonstrated resilience and long-term growth potential, attracting both domestic and international investors seeking diversification and high returns.

8. Sectoral Diversification: From traditional industries like agriculture and manufacturing to sunrise sectors such as renewable energy, e-commerce, and biotechnology, India offers a diverse investment landscape catering to varied risk appetites and investment preferences.

9. Sustainable Investing: Increasing awareness about environmental, social, and governance (ESG) factors is driving demand for sustainable investment opportunities in India, with initiatives like green finance, clean energy projects, and socially responsible businesses gaining traction.

10. Strategic Partnerships: Collaborations with international partners, strategic alliances, and joint ventures provide avenues for accessing capital, technology transfer, and market expansion, positioning India as a preferred destination for global investors seeking long-term growth prospects.

11. Consumer Market Dynamics: India's large and rapidly growing consumer market presents significant investment opportunities across sectors such as retail, FMCG, healthcare, and entertainment, driven by changing consumer preferences, urbanization, and rising disposable incomes.

12. Real Estate Potential: India's real estate sector, including residential, commercial, and industrial segments, offers attractive investment avenues supported by urbanization trends, infrastructure development, and evolving regulatory frameworks.

13. Digital Transformation: The digital transformation sweeping across India, fueled by increasing internet penetration, smartphone adoption, and digital literacy, creates opportunities for investment in areas like e-commerce, fintech, digital payments, and online services.

14. Healthcare Innovation: With a growing focus on healthcare infrastructure, affordable healthcare solutions, and medical technology advancements, India's healthcare sector presents opportunities for investment in hospitals, diagnostic centers, pharmaceuticals, and telemedicine.

15. Regional Opportunities: Beyond major metropolitan areas, India's Tier II and Tier III cities offer untapped investment potential, characterized by growing consumer demand, improving infrastructure, and favorable business environments, making them attractive investment destinations for savvy investors.

Insights and Interactions:

Extensive interactions with stakeholders including industry bodies, associations, governmental ministries, and international investors provided invaluable insights into prevailing policies and investment impediments. Notably, interactions with delegations from prominent countries such as the US, UK, Italy, Japan, and Scandinavia underscored the global interest in India's investment landscape. Moreover, direct engagements with both international and domestic investors elucidated key challenges and facilitated the identification of projects warranting support.

Addressing Impediments:

Identifying and mitigating barriers to investment emerged as a pivotal focus area. Among the prominent impediments identified were investment restrictions and entry route barriers prevalent across various sectors with significant investment potential. Through proactive measures and constructive dialogues, efforts were made to address these concerns, either by resolving them through governmental intervention or incorporating them into policy recommendations.

Policy Framework:

A conducive policy environment is paramount to fostering investor confidence and attracting capital inflows. Consequently, efforts were directed towards streamlining procedures, eliminating bureaucratic hurdles, and enhancing transparency. Noteworthy strides were made in aligning policies with investor expectations and expediting decision-making processes to catalyze investment inflows.

Sectoral Opportunities:

The investment landscape in India abounds with opportunities across diverse sectors. From the burgeoning infrastructure sector to the dynamic services industry and the burgeoning knowledge economy, there exists a myriad of avenues for prospective investors to explore. Moreover, initiatives such as the 'Make in India' campaign have further bolstered India's appeal as a manufacturing hub, offering lucrative prospects for investment.

Global Partnerships:

Recognizing the importance of fostering international collaborations, India has actively engaged with global partners to stimulate investment flows. Bilateral dialogues, trade agreements, and strategic alliances have been instrumental in enhancing market access and fostering mutually beneficial partnerships. By leveraging synergies and harnessing global expertise, India endeavors to fortify its position as a preferred investment destination on the global stage.

As India embarks on its journey towards economic resurgence, the imperative of catalyzing investments assumes paramount significance. With a robust policy framework, proactive engagement with stakeholders, and a diverse array of investment opportunities, India is poised to unlock its true potential and emerge as a beacon of growth and prosperity. By fostering a conducive investment climate and nurturing partnerships, India beckons investors to partake in its transformative journey, thereby ushering in a new era of prosperity and progress. Invest in India, and be a part of its extraordinary growth story.

Reference

https://dea.gov.in/sites/default/files/InvestmentCommissionReport.pdf

This post was originally published on: Foxnangel

[signode-blog]

A Resounding Victory: The Indian Financial Market's Response to the 2019 Lok Sabha Election Results

The 2019 Lok Sabha elections in India were a significant event, not only politically but also economically. The landslide victory of the Bharatiya Janata Party (BJP) under the leadership of Narendra Modi sent ripples across various sectors, notably the financial markets. This blog post delves into the intricate dynamics of how the Indian financial markets responded to the BJP’s victory and what…

[noragaur]

Zerodha Broker Review - Seamless Trading and Investment | Finology

Check out review of Zerodha, one of the top brokers in India for seamless trading and investment with great tech infrastructure. See what users have to say about their amazing user experience.

[saxafimedianetwork]

Global Britain Hit By Fresh Setback

UK Prime Minister @RishiSunak said: “We know the transformative power of reliable, responsible private investment. It’s the spark that is helping us to build ports in #Senegal & #Somaliland, hydropower projects in #Rwanda, & offshore wind in @India.

Continue reading Untitled

[greenthestral]

UIIC (USA, Indonesia, India, China): Four Countries Make Up Half the World's Population

In a world where countries are diverse and cultures vary greatly, there are four nations that stand out due to their sheer population size. The United States, Indonesia, India, and China, collectively known as the UIIC countries, are home to approximately half of the world's population. This article delves into the significance of these nations, their impact on global demographics, and the unique challenges and opportunities they face.

The United States: A Melting Pot of Cultures and Ideas

The United States, with a population exceeding 330 million people, remains one of the most influential and economically powerful countries in the world. Renowned for its "melting pot" of cultures and diverse demographics, the U.S. has been a beacon of opportunity for individuals from all walks of life. People flock to its shores in pursuit of the American Dream, seeking better opportunities, freedom, and a chance to contribute to its vibrant society.

Beyond its vast population, the United States has left an indelible mark on global culture, politics, and technology. It has been at the forefront of scientific and technological innovations, fostering advancements in fields such as space exploration, medicine, and information technology. Furthermore, its entertainment industry, centered in Hollywood, has captivated audiences worldwide, shaping popular culture and influencing trends in music, film, and fashion.

Indonesia: A Rising Economic Power in Southeast Asia

With a population of over 270 million people, Indonesia stands as the fourth-most populous nation on the planet. Spanning thousands of islands, Indonesia boasts a rich tapestry of cultures, languages, and traditions. Its diversity is a testament to the country's vibrant heritage and harmonious coexistence.

In recent years, Indonesia has experienced significant economic growth, propelling it to become a rising star in Southeast Asia. The nation's abundant natural resources, strategic location, and young and dynamic workforce have attracted substantial foreign investment. Indonesia's economic trajectory, coupled with its commitment to sustainable development, positions it as an important player in regional and global markets.

India: A Land of Diversity and Rapid Development

India, the world's second-most populous country, surpasses the 1.3 billion mark in population. This vast and diverse nation is a tapestry of languages, religions, and cultural practices. Its ancient civilization and rich history have contributed to a deep sense of cultural pride and identity.

In recent decades, India has undergone remarkable economic growth, transforming itself into one of the fastest-growing major economies. The country's demographic dividend, characterized by a large and young workforce, has been a driving force behind its economic rise. India has emerged as a global leader in the information technology and services sectors, with its bustling cities serving as hubs for innovation and entrepreneurship.

Despite its rapid development, India faces unique challenges related to poverty, inequality, and infrastructure development. However, the government and various stakeholders are actively working towards inclusive growth, social welfare programs, and sustainable development to address these issues.

China: A Giant on the Global Stage

China, with a population approaching 1.4 billion, stands as the most populous country in the world. Its ancient civilization, remarkable cultural heritage, and rapid economic rise have captivated the attention of the international community. China's influence extends far beyond its borders, impacting global trade, geopolitical affairs, and technological advancements.

China's manufacturing capabilities have been unparalleled, making it the world's factory. Its infrastructure development projects, such as the Belt and Road Initiative, have linked nations across continents, fostering connectivity and enhancing global trade. Moreover, China has made significant investments in emerging technologies, including artificial intelligence, renewable energy, and space exploration, positioning itself as a formidable player in the Fourth Industrial Revolution.

Challenges and Opportunities for the UIIC Countries

While the UIIC countries collectively represent a significant portion of the world's population, they also face unique challenges and opportunities:

Managing Urbanization and Infrastructure: As these countries continue to experience population growth and rapid urbanization, managing sustainable infrastructure development becomes paramount. Balancing economic progress with environmental considerations and social stability poses a complex challenge that requires innovative solutions.

Healthcare and Social Welfare: With large populations comes the responsibility of providing adequate healthcare and social welfare services. Ensuring access to quality education, healthcare facilities, and social safety nets is essential to promote overall well-being and reduce disparities within these nations.

Technological Advancements: The UIIC countries are at the forefront of technological innovation and advancement. Embracing emerging technologies such as artificial intelligence, blockchain, renewable energy, and digital connectivity can drive economic growth, increase productivity, and improve the quality of life for their citizens.

Global Cooperation and Diplomacy: As influential nations, the UIIC countries play a vital role in global cooperation and diplomacy. Collaborative efforts in addressing global challenges such as climate change, cybersecurity, and economic inequality are essential for a sustainable and prosperous future.

Conclusion

The UIIC countries, comprising the United States, Indonesia, India, and China, collectively represent an astounding portion of the world's population and exert immense influence on the global stage. Each of these nations brings unique characteristics, challenges, and opportunities to the table, and understanding their significance and fostering cooperation among them can pave the way for a more prosperous and inclusive world. As these countries continue to evolve, their impact on global demographics, economy, and culture is set to be profound.

United States: As the third most populous country globally, the United States holds a prominent position in shaping the global landscape. Its democratic values, entrepreneurial spirit, and cultural diversity have made it a beacon of opportunity and innovation. The United States has long been at the forefront of scientific research, technological advancements, and economic prowess. It boasts some of the world's leading universities, research institutions, and corporations, driving breakthroughs in various fields, including healthcare, information technology, and renewable energy. Additionally, its robust entertainment industry has garnered a global following, exporting music, movies, and popular culture that resonate across borders.

Indonesia: With the fourth-largest population in the world, Indonesia is an archipelago nation that spans thousands of islands, each contributing to its rich cultural heritage. As a rising economic power in Southeast Asia, Indonesia's vibrant markets and burgeoning middle class present significant opportunities for both domestic and international businesses. The country's young and dynamic workforce, coupled with its vast natural resources, make it an attractive destination for foreign investments. However, Indonesia faces challenges in infrastructure development, poverty alleviation, and maintaining environmental sustainability. By addressing these issues and promoting inclusive growth, Indonesia can harness its potential and become an even stronger player in the global economy.

India: As the world's second-most populous country, India's cultural diversity, ancient history, and rapid development make it a force to be reckoned with. India's large and youthful population has propelled it to become one of the fastest-growing major economies. The country has embraced information technology and services, with cities like Bangalore emerging as global technology hubs. India's robust startup ecosystem has given rise to innovative solutions in various sectors, including fintech, e-commerce, and healthcare. However, India grapples with challenges such as poverty, infrastructure gaps, and social inequalities. By addressing these issues, investing in education, and leveraging its demographic dividend, India can chart a course towards sustainable and inclusive development.

China: With the world's largest population, China's rise as a global economic powerhouse has been nothing short of remarkable. Over the past few decades, China has experienced unprecedented economic growth, lifting hundreds of millions of people out of poverty. Its manufacturing capabilities, infrastructure development projects, and investments in technology have made it a major player in the global market. China's Belt and Road Initiative, an ambitious infrastructure program, aims to enhance connectivity and promote economic cooperation across continents. The nation's commitment to research and development has propelled it to the forefront of emerging technologies, such as artificial intelligence and renewable energy. However, China faces challenges related to environmental degradation, social inequality, and human rights concerns. Addressing these challenges while continuing to foster innovation and sustainable development will shape China's role in the global community.

The significance of the UIIC countries extends beyond their sheer population size. Their collective influence spans across various domains, including trade, politics, culture, and technological advancements. Cooperation among these nations can drive progress in addressing global challenges such as climate change, cybersecurity, and economic inequality. By sharing best practices, collaborating on research and development, and promoting cultural exchange, the UIIC countries can foster a more interconnected and harmonious world.

Furthermore, the UIIC countries' impact on global demographics cannot be overstated. Their population dynamics, urbanization patterns, and social trends shape global migration, labor markets, and cultural exchanges. As these countries continue to evolve, their demographic shifts will have ripple effects on regional and global economies, healthcare systems, and social welfare policies.

In terms of the global economy, the UIIC countries serve as major engines of growth and consumption. Their domestic markets and investments influence industries ranging from technology and finance to manufacturing and entertainment. Moreover, their economic policies, trade agreements, and geopolitical relations have far-reaching implications for global trade and financial stability.

Culturally, the UIIC countries contribute to the world's cultural tapestry through their arts, languages, cuisines, and traditions. Their vibrant cultures and diverse populations enrich global cultural exchanges, promoting understanding, tolerance, and appreciation of different perspectives.

In conclusion, the UIIC countries - the United States, Indonesia, India, and China - collectively represent half of the world's population and play a pivotal role in shaping the global landscape. Their unique characteristics, challenges, and opportunities present a rich tapestry of potential for collaboration and progress. By understanding their significance, fostering cooperation, and addressing shared challenges, we can work towards a more prosperous, inclusive, and interconnected world. The impact of the UIIC countries on global demographics, economy, and culture will undoubtedly be profound as they continue to evolve and shape the future of our interconnected world.

[jsbmarketresearch01]

India Introduces Connectivity Project Between New Delhi and the Middle East to Curb China Influence

India Introduces Connectivity Project between New Delhi and the Middle East to Curb China’s Influence in the Gulf

India is preparing to undertake a vital connectivity project to link New Delhi to the Middle East. The country could have initiated the project to combat the growing influence of China in the Gulf areas. The idea of launching a connectivity project that links India to Middle Eastern nations through seaports, rails, and roads happened after the I2U2 group meeting. The group comprises Israel and its member states as well.

Ajit Doval, National Security Adviser of India in the meeting communicated with his counterparts from UAE and US, as well as Mohammed bin Salman, the Saudi Crown Prince.  The leaders spoke about rail networks and joint infrastructure projects to connect different countries of the Middle East. Abraham Accords is a Trump-era agreement and I2U2 is a result of it.

The agreement helped in normalizing relations between several Arab countries and Israel, which also made it permissible for the existence of the I2U2 group. As for India, it is supposedly a major power in Asian terrain and has a good record of being an infrastructure provider. The nation has the largest rail system in the world in Asia. India also assists with sharing arrangements for cross-border electricity.

If we consider Saudi Arabia, it is not integrated into the I2U2 group for having no formal relations with Israel. But with the Saudi Crown Prince’s presence, India may participate in waning the influence of China in the Middle East with the connectivity project. Millions of Indians work in the Middle East and send remittances home. The region is also essential for trade interests and thus, becoming crucial for India to focus on it.

Also, China’s BRI (Belt and Road Initiative) investment and the latest strategic agreement with Iran are reasons why India wants to dim the growing influence of its neighbor in the Middle East. Recently, China also facilitated a reconciliation deal between Saudi Arabia and Iran. For India, the benefit lies at both sea and land trade pathways that cover Israel and the United Arab Emirates to Piraeus harbor in Greece, going into Europe.

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[vishalinfragroup]

2BHK Flat Hingna Road Nagpur

Today Vishal Infrastructure is the talk of the town for successfully completing KANCHANGANGA a mega township comprising 1100 apartments and bungalows. Thousands of customers speaks volumes about our creation as we could provide their dream home at a very affordable price. Visit KANCHANGANGA and experience the difference.We the persons behind Vishal Infrastructure are known for commitments and ethical values. In all odds we delivered more than what was promised – security wall, security gates, pavers on roads, 24×7 water supply, garden and play area, bus stop, etc., speak about our commitment for commitment is the key word at Vishal Infrastructure. The blessings from our satisfied and happy customers inspired us to go for another creation.KANCHAGANGA – 2 is taking shape. It is very much within the city and is surrounded by reputed schools, colleges – Engineering, Medical, Dental, – banks, malls and hotels. It is one of the best destinations to live in, Welcome KANCHANGANGA -2. Investment at right time, with right people paves way to prosperity. In India, Nagpur is one of the best city to live in due to its geographical location and various other features. Imagine Nagpur when more jewels in the form of MIHAN, METRO RAIL, IIM, TCS and other prominent I,T, Industries, Tiger Capital, Tourism, SEZ are studded to its crown. We with same commitment and ethical values, welcomes you KANCHANGANGA family.

[townpostin]

Taj Hotels to Make Grand Entrance in Ranchi with New Luxury Property

IHCL Expands Footprint in Eastern India with Strategic Jharkhand Capital Investment Indian Hotels Company Limited (IHCL) is set to bring its iconic Taj brand to Ranchi, marking a significant expansion into Jharkhand’s capital city. RANCHI – IHCL has revealed its elaborate plans to open an opulent Taj hotel in Ranchi, the state capital of Jharkhand, too thereby marking the business’s first foray…

[fatehbaz]

"The most fashionable bathing station in all Europe". British industrialists and American mining investors plotting the colonization of the Congo, while mingling at Ostend's seaside vacation resorts. Extracting African life to build European railways, hotels, palaces, suburbs, and other modern(ist) infrastructure. "Towards infinity!"

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In 1885, King Leopold II achieved an astonishing and improbable goal: he claimed a vast new realm of his own devising, a conjury on a map called [...] the Congo Free State. [...] [A] fictional state owned by the king, ruled by decree, and run from Brussels from 1885 to 1908. [...] This was [...] a private entrepreneurial venture [for the king]. The abundance of ivory, timber, and wild rubber found in this enormous territory brought sudden and spectacular profits to Belgium, the king, and a web of interlocking concession companies. The frenzy to amass these precious resources unleashed a regime of forced labor, violence [millions of deaths], and unchecked atrocities for Congolese people. These same two and a half decades of contact with the Congo Free State remade Belgium [...] into a global powerhouse, vitalized by an economic boom, architectural burst, and imperial surge.

Congo profits supplied King Leopold II with funds for a series of monumental building projects [...]. Indeed, Belgian Art Nouveau exploded after 1895, created from Congolese raw materials and inspired by Congolese motifs. Contemporaries called it “Style Congo,” [...]. The inventory of this royal architecture is astonishing [...]. [H]istorical research [...] recovers Leopold’s formative ideas of architecture as power, his unrelenting efforts to implement them [...]. King Leopold II harbored lifelong ambitions to “embellish” and beautify the nation [...]. [W]ith his personal treasury flush with Congo revenue, [...] Leopold - now the Roi Batisseur ("Builder King") he long aimed to be - planned renovations explicitly designed to outdo Louis XIV's Versailles. Enormous greenhouses contained flora from every corner of the globe, with a dedicated soaring structure completed specifically to house the oversize palms of the Congolese jungles. [...]

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The Tervuren Congo palace [...]. Electric tramways were built and a wide swath of avenue emerged. [...] [In and around Brussels] real estate developers began to break up lots [...] for suburban mansions and gardens. Between 1902 and 1910, new neighborhoods with luxury homes appeared along the Avenue [...]. By 1892, Antwerp was not only the port of call for trade but also the headquarters of the most profitable of an interlinking set of banks and Congo investment companies [...]. As Antwerp in the 1890s became once again the “Queen of the Scheldt,” the city was also the home of what was referred to as the “Queen of Congo companies.” This was the ABIR, or Anglo-Belgian India Rubber Company, founded in 1892 with funds from British businessman “Colonel” John Thomas North [...].

Set on the seaside coast, Belgium’s Ostend was the third imperial cityscape to be remade by King Leopold [...] [in a] transformation [that] was concentrated between 1899 and 1905 [...]. Ostend encompassed a boomtown not of harbor and trade, like Antwerp, but of beachfront and leisure [...] [developed] as a "British-style" seaside resort. [...] Leopold [...] [w]as said to spend "as much time in Ostend as he did in Brussels," [...]. Ostend underwent a dramatic population expansion in a short period, tripling its inhabitants from 1870–1900. [...] Networks of steamers, trams, and railway lines coordinated to bring seasonal visitors in, and hotels and paved walkways were completed. [...] [A]nd Leopold’s favorite spot, the 1883 state-of-the-art racetracks, the Wellington Hippodrome. Referred to with an eye-wink as “the king incognito” (generating an entire genre of photography), visitors to the seaside could often see Leopold in his top hat and summer suit [...], riding his customized three-wheeled bicycle [...]. By 1900, Ostend’s expansion and enhancement made it known as “the Queen of the Belgian seaside resorts” and “the most fashionable bathing station in all Europe.” Opulence, convenience, and spectacle brought the Shah of Persia, American tycoons, European aristocrats, and Belgian elites, among others, to Ostend.

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Leopold’s interventions and the Congo Free State personnel and proceeds played three pivotal and understudied roles in this transformation, all of which involved ABIR [British industrialists].

First, it was at Ostend that an early and decisive action was taken to structure the “red rubber” regime and set it in motion. In 1892, jurists such as [E.P.] had ruled, contravening [...] trade laws, that the king was entitled to claim the Congo as his domanial property [...]. Leopold [...] devised one part of that royal domain as a zone for private company concessions [...] to extract and export wild rubber.

Soon after, in 1892, King Leopold happened to meet the British “Colonel” John Thomas North at the Ostend Hippodrome. North, a Leeds-born mechanic [...] had made a fortune speculating on Chilean nitrates in the 1880s. He owned monopoly shares in nitrate mines and quickly expanded to acquire monopolies in Chilean freight railways, water supplies, and iron and coal mines. By 1890 North was a high-society socialite worth millions [...]. Leopold approached North at the Ostend racecourse to provide the initial investments to set up the Anglo-Belgian India Rubber Company (ABIR). [...]

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One visible sign of Ostend’s little-known character as Congo boomtown was the Royal Palace Hotel, a lavish property next to the king’s Royal Domain, which opened in 1899. With hundreds of rooms and a broad sweep of acreage along the beachfront, the palace “occupied the largest space of any hotel in Europe.” [...]

King Leopold met American mining magnate Thomas Walsh there, and as with North, the meeting proved beneficial for his Congo enterprise: Leopold enlisted Walsh to provide assessments of some of his own Congo mining prospects. The hotel was part of [...] [a major European association of leisure profiteers] founded in 1894, that began to bundle luxury tourism and dedicated railway travel, and whose major investors were King Leopold, Colonel North [...].

At the height of Congo expansionism, fin-de-siècle Antwerp embodied an exhilarated launch point [...]. Explorers and expeditioners set sail for Matadi after 1887 with the rallying call “Vers l’infini!” (“towards infinity!”) [...].

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Text above by: Debora Silverman. "Empire as Architecture: Monumental Cities the Congo Built in Belgium". e-flux Architecture (Appropriations series). May 2024. At: e-flux.com/architecture/appropriations/608151/empire-as-architecture-monumental-cities-the-congo-built-in-belgium/ [Bold emphasis and some paragraph breaks/contractions added by me. Italicized first paragraph/heading in this post was added by me. Presented here for commentary, teaching, criticism.]

[dreaminginthedeepsouth]

Gary Taxali

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LETTERS FROM AN AMERICAN

August 30, 2024

Heather Cox Richardson

Aug 31, 2024

Trump and the MAGA movement garnered power through performances that projected  dominance and cowed media and opponents into silence. Rather than disqualifying him from the highest office in the United States, Trump’s mocking of a disabled reporter, bragging about assaulting women, and calling immigrants rapists and criminals seemed to demonstrate his dominance and strengthen him with his base. In July the Republican National Convention celebrated that performance with a deliberate appropriation of the themes of professional wrestling, including a display by an actual professional wrestler. 

Their plan for winning the 2024 election seems to have been to put forward more of the same. 

But the national mood appears to be changing. President Joe Biden’s decision to decline the Democratic nomination for president opened the way for the Democrats to launch a new, younger, more vibrant vision for the country. 

Democratic nominee Vice President Kamala Harris and her running mate, Minnesota governor Tim Walz, have promised to continue, and even to expand slightly, the programs that under the Biden-Harris administration have started the process of rebuilding the country’s infrastructure, bringing back manufacturing, and investing in industries to combat climate change. As the country did before 1981, they are promising to continue to focus on supporting a strong middle class rather than those at the top of the economy. 

Harris and Walz are building on this economic base to recenter the United States government on the idea of community. They have deliberately rejected the identity politics that Trump used so effectively to assert his dominance and have instead emphasized that they see the country not as a community defined by winners and losers, but as one in which everyone has value and should have the same opportunities for success. 

Last night, CNN’s Dana Bash asked Harris, whose mother immigrated to the U.S. from India and whose father immigrated from Jamaica, to respond to Trump’s suggestion that she “happened to turn Black” for political advantage, “questioning a core part of your identity.” Harris responded: “Same old, tired playbook. Next question, please,” and she laughed. “That’s it?” Bash asked. “That’s it,” Harris answered. 

Harris’s refusal to accept the MAGA terms of engagement, along with the exuberant support for Harris and Walz, has Trump, Republican vice presidential candidate J.D. Vance, and MAGA Republicans reeling. That, in turn, has made them seem vulnerable, and that vulnerability is now opening up room for pundits from a range of outlets to challenge them. They seem to be losing the ability to control the public conversation by asserting dominance. 

This change has been evident this week in the response to Trump’s visit to Arlington National Cemetery with the family of a soldier who died in the U.S. withdrawal from Afghanistan three years ago for campaign videos and photos attacking Harris, despite the fact that federal law prohibits campaign activities in the cemetery, in what is widely considered hallowed ground. The moment almost passed unnoticed, as it likely would have in the past, but Esquire’s Charles Pierce asked in his blog: “How The Hell Was Trump Allowed To Use Arlington National Cemetery As A Campaign Prop?”

Led by NPR, different outlets begin to dig into the story, and Trump, Vance, Trump’s spokesperson, and Trump’s campaign manager Chris LaCivita all tried to brush off their lawlessness with their usual rhetoric. Trump tried to change the subject to say he was being unfairly attacked for supporting a military family. Vance tried to suggest that Harris should have attended the private ceremony and that for criticizing it she should “go to hell,” although she hadn’t commented on it. The spokesperson suggested that the female cemetery official who tried to stop them was experiencing a “mental health episode,” and LaCivita, a leading figure in the Swift Boat veterans’ attacks on John Kerry in 2004, reposted an offending video to “trigger” Army officials, he said. 

It hasn’t flown. Today, MSNBC’s Dasha Burns asked Trump directly: “Should your campaign have put out those videos and photos?” Trump answered: “Well, we have a lot of people. You know, we have people, TikTok people, you know we’re leading the Internet. That was the other thing. We’re so far above her on the Internet….” Burns interrupted and followed up: “But on that hallowed ground, should they have put out the images…?” Trump said: “Well I don’t know what the rules and regulations are, I don’t know who did it, and, I, it could have been them. It could have been the parents. It could have been somebody….”

Burns interrupted again: “It was your campaign’s TikTok that put out the video.” Trump answered: "I really don't know anything about it. All I do is I stood there and I said, 'If you'd like to have a picture, we can have a picture.' If somebody did it; this was a setup by the people in the administration that, 'Oh, Trump is coming to Arlington, that looks so bad for us.’"

In the days since Biden stepped out of contention, Trump has been flailing—often complaining that it is “unfair” that Biden isn’t his opponent any longer—but his behavior has rocketed downhill since the new grand jury delivered a new indictment revising the four charges against him for trying to overturn the results of the 2020 presidential election and install himself in power. Karen Tumulty wrote in the Washington Post today that Trump is “spiraling,” noting that in the space of 24 hours he posted about Harris engaging in a sex act, promoted QAnon slogans, and called for prison for his political opponents. 

Tumulty notes that Trump’s team has been trying to get him to focus on the issues voters care about, but that after he “listlessly delivers some lines from the teleprompter,” he “gets bored and begins recycling the rants from his rallies.” Harris has stayed silent about his behavior, Tumulty says a campaign staffer told her, because “Why would we step in this man’s way?” The Harris campaign wants microphones left on throughout the planned September 10 debate, expecting that Trump will not be able to contain the rants that used to serve his interests but now turn voters off. 

To Vance is left the job of trying to clean up after Trump, but he’s not a skilled politician. Asked by John Berman about Trump’s social media attacks, Vance suggested that Trump was bringing “fun” and “jokes” to politics to “lift people up.” But observers on social media noted that claiming that attacks are “jokes” is a key part of asserting dominance. 

Vance himself went after Harris by saying that he had an early version of Harris’s CNN interview and then posting an old meme of a young Miss Teen USA who appeared to panic when answering a question and produced a nonsensical answer. When Berman told him that the young woman contemplated self-harm after becoming a national joke and asked if he would like to apologize for bringing up that old video, Vance declined to apologize, suggested we should “laugh at ourselves,” and repeated that we should “try to have some fun in politics.”

Vance got into deeper trouble, though, when asked to explain Trump’s statement when he told Dasha Burns that he opposes Florida’s six-week abortion ban. This November, Floridians will have to vote yes or no on a constitutional amendment that would put abortion rights similar to those of Roe v. Wade into the state constitution. 

Trump’s opposition to that amendment reflects the political reality that abortion bans are unpopular even in Republican-dominated states, but the MAGA base is fervently antiabortion. “That ‘thump thump’ you just heard is the entire pro-life movement going under the bus,” one wrote. 

A campaign spokesperson promptly tried to walk the statement back by saying that Trump “has not yet said how he will vote on the ballot initiative in Florida,” which Vance reiterated on CNN. When Berman pressed him on it, though, Vance appeared to lose the ability to hear the question, suggesting the feed was bad. 

This afternoon, Trump announced he will side with the antiabortion activists and vote against the amendment to the Florida constitution that would restore the rights that were in Roe v. Wade. Harris and Walz, meanwhile, have announced a national bus tour to highlight reproductive freedom. It will start in Palm Beach, Florida, where the Trump Organization’s Mar-a-Lago property is located. 

Today, lawyers for Ruby Freeman and Shaye Moss, the election workers Trump ally Rudy Giuliani defamed by accusing them of fraud in the 2020 election, asked a federal court to enforce the judgment that awarded them $146 million. They have asked for a court order requiring Giuliani to turn over his properties in New York and Florida, his luxury car, and his personal valuables including three New York Yankees World Series rings. Giuliani’s spokesperson accused the women of bullying Giuliani. 

The Lincoln Project, which believes that needling Trump is the best way to rattle him, today released a video that portrays Trump as a predatory animal who is old, past his prime, and abandoned by his pack. Rather than engaging in his final hunt, he has found himself the prey. The voice-over intones: “The circle of life eventually closes on all things.”

LETTERS FROM AN AMERICAN

HEATHER COX RICHARDSON

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The Resilience Factor: Why India is a Safe Bet for Long-Term Investments

In the ever-changing landscape of global markets, investors are constantly seeking opportunities that offer stability, growth, and resilience. In recent years, India has emerged as a safe bet for long-term investments, attracting attention from both domestic and international investors alike. With its robust economy, diverse market opportunities, and favorable demographic trends, India offers a compelling investment proposition for those looking to capitalize on its growth potential. In this blog post, we'll delve into the resilience factor of India's economy and explore why it is a safe bet for long-term investments.

Understanding Investment Opportunities in India:

1. Dynamic Economic Growth: India boasts one of the fastest-growing major economies globally, driven by robust domestic consumption, infrastructure development, and government-led initiatives to promote investment and entrepreneurship. Despite global economic headwinds, India's GDP continues to expand, offering ample investment opportunities across various sectors.

2. Demographic Dividend: With a young and growing population, India possesses a demographic dividend that fuels consumption, innovation, and productivity. The rising middle class and increasing urbanization present vast market opportunities for investors in sectors such as retail, consumer goods, healthcare, and education.

3. Diverse Market Opportunities: India's economy is diverse and offers investment opportunities across a wide range of sectors, including:

- Information Technology (IT) and Software Services

- E-commerce and Digital Payments

- Healthcare and Pharmaceuticals

- Renewable Energy and Clean Technology

- Infrastructure and Real Estate

- Manufacturing and Automotive

- Agriculture and Agribusiness

4. Favorable Regulatory Environment: The Indian government has implemented several reforms to liberalize its economy and improve the ease of doing business for investors. Initiatives such as Make in India, Startup India, and Digital India aim to attract investment, foster innovation, and create a conducive environment for entrepreneurship.

The Resilience Factor of India's Economy:

1. Adaptability to Global Challenges: India has demonstrated resilience in the face of global challenges, including economic downturns, geopolitical tensions, and health crises such as the COVID-19 pandemic. The country's ability to adapt, innovate, and implement policy reforms has helped maintain economic stability and investor confidence.

2. Diversified Economic Base: India's economy is characterized by its diversified economic base, with contributions from agriculture, manufacturing, services, and technology sectors. This diversification helps mitigate risks associated with sector-specific downturns and enhances the overall resilience of the economy.

3. Strong Domestic Consumption: India's large and growing consumer base provides a stable source of demand for goods and services, driving economic growth even during periods of global uncertainty. Rising disposable incomes, urbanization, and lifestyle changes contribute to sustained domestic consumption levels, supporting businesses and investors alike.

4. Investment in Infrastructure: The Indian government's focus on infrastructure development, including transportation, energy, and digital infrastructure, enhances the country's resilience by improving connectivity, efficiency, and productivity. Infrastructure investments create multiplier effects, stimulating economic growth and attracting further investment across sectors.

5. Innovation and Entrepreneurship: India's vibrant startup ecosystem and culture of innovation contribute to its resilience by fostering entrepreneurship, creativity, and adaptability. Startups and technology companies drive disruptive innovations, create jobs, and contribute to economic dynamism, making India an attractive destination for investment in emerging technologies and digital solutions.

Investment opportunities in India: Why India is a safe bet:

1. Stable Economic Fundamentals: India's stable economic fundamentals, including strong GDP growth, low inflation, and prudent fiscal policies, provide a solid foundation for long-term investments. Investors can rely on India's resilience and economic stability to weather short-term fluctuations and capitalize on long-term growth opportunities.

2. Strategic Geographic Location: India's strategic geographic location at the crossroads of South Asia and the Indian Ocean region makes it a gateway to dynamic markets in Asia and beyond. Investors can leverage India's connectivity and trade links to access diverse markets, supply chains, and investment opportunities across the region.

3. Government Commitment to Reforms: The Indian government's commitment to economic reforms, regulatory transparency, and ease of doing business creates an enabling environment for investors. Continued reforms in areas such as taxation, labor laws, and land acquisition enhance investor confidence and attract capital inflows into the country.

4. Rising Middle Class and Consumer Spending: The burgeoning middle class and rising consumer spending in India present immense opportunities for businesses across sectors such as retail, consumer goods, healthcare, and leisure. Investors can tap into this growing consumer market to generate sustainable returns and long-term value.

5. Long-Term Growth Potential: India's long-term growth potential remains compelling, driven by demographic trends, urbanization, technological advancements, and structural reforms. Investors with a long-term investment horizon can benefit from India's transformative growth story and capitalize on emerging opportunities in key sectors.

In conclusion, India's resilience, diverse market opportunities, and favorable investment climate make it a safe bet for long-term investors seeking attractive returns and portfolio diversification. With its stable economic fundamentals, strategic geographic location, and commitment to reforms, India offers a conducive environment for businesses and investors to thrive.

The country's ability to adapt to global challenges, its diversified economic base, and strong domestic consumption contribute to its resilience, making it an attractive destination for investors even in times of uncertainty. Additionally, the Indian government's focus on infrastructure development, innovation, and entrepreneurship further strengthens the country's economic resilience and growth prospects.

Investors with a long-term investment horizon can benefit from India's transformative growth story and capitalize on emerging opportunities in key sectors such as information technology, e-commerce, healthcare, renewable energy, and manufacturing.

Moreover, India's rising middle class, increasing urbanization, and demographic dividend provide a stable source of demand for goods and services, creating sustainable growth opportunities for businesses and investors alike.

As India continues on its path of economic development and reform, it remains a compelling destination for long-term investments and a beacon of opportunity in the global investment landscape. By understanding the resilience factor of India's economy and tapping into its growth potential, investors can position themselves for success and contribute to India's journey towards becoming a global economic powerhouse.

In summary, India's growth story is one of resilience, dynamism, and promise, offering investors a wealth of opportunities to participate in its economic transformation and prosperity. With the right strategy, vision, and commitment, investing in India can yield significant returns and contribute to long-term wealth creation and value generation for investors around the world.

This post was originally published on: Foxnangel

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A Turning Point in India's Economic Landscape: How the Financial Markets Reacted to the 2014 Lok Sabha Election Results

The 2014 Lok Sabha elections in India marked a watershed moment in the country’s political and economic history. For the first time in 30 years, a single party, the Bharatiya Janata Party (BJP), secured a clear majority in the Indian Parliament, paving the way for Narendra Modi to become the Prime Minister. This political shift had profound implications for the Indian financial markets,…