India

CAIT has said it will burn Chinese goods on March 19

SJM has called for removal of China ‘Most Preferred Nation’ status

China has blocked India’s move to list JeM founder Masood Azhar as global terrorist

India introduced its draft ecommerce policy on February 23

The WTO charges zero duty on ecommerce

WTO discussions are being supported by 49 countries

India ranks 94th in overall Prosperity Index rankings and 104th in prosperity index in education

Around 3,500 startups in India are catering to the education space and has received close to $700 Mn in funding in 2018

About 77% of the total funding (between 2014 and 2018) has been poured into just four edtech startups

Unicorn Ascension Fund was launched in June this year

The fund invested in Moteefe which eyes India expansion with this fundraise

UK and India governments hosted UK-India FutureTech Festival in Delhi this week

The Ji Xianlin Centre for India-China Studies will hold India-China discussions

Chinese venture capital funds have poured $931 Mn into India in 2018

India-China bilateral trade reached $84.44 Bn in 2017

UK government will commit up to $48.4 Mn to the Indian startup ecosystem under the UK-India Fast Track Fund

The fund will invest in fintech, edtech, agritech, healthtech, technology-driven manufacturing-related startups

UK information commissioner Elizabeth Denham will visit Delhi to discuss issues around data localisation

By 2025, we will have 100 unicorns, Aarin Capital partner Mohandas Pai said              

Unlike China, Japan, US, and many other countries, India is not ageing, said Pai

Pai was speaking at The Ecosystem Summit, Inc42’s flagship event held in New Delhi

Last year, India jumped 30 places ahead and has recorded a leap of 65 positions in the last four years

“Ease of doing business is to maximise the governance with minimum government personnel and procedures,” said finance minister Arun Jaitley

Interestingly, Djibouti and India are the only economies to make to the list of 10 top improvers for the second consecutive year

In the last few years, only about 170 startups have emerged in the AR/VR space

By 2020, the three most prominent markets for AR/VR technologies would be entertainment, manufacturing and healthcare

AR/VR is not just a business vertical, but also used in other businesses

The prime ministers of India and Japan have launched the India-Japan Startup-hub

Under the India-Japan Cooperation on Digital Partnership, governments will organise job fairs & introduce the Startup Programme

The two countries will establish an India-Japan Business Platform to enhance exchanges between Indian and Japanese businesses

These networks tend to be responsible for the entire range of unbranded goods that would be sold in informal markets

India is distinctive because the last-mile of delivery is enabled by unorganised, entrenched small-scale traders

This “blackbox” is dominated by traders — wholesalers, contractors, agents and retailers — taking on multiple roles.

London-based CDC Group is the development finance institution of the British government

It is looking to double its India portfolio by 2021

The firm has also introduced a venture funds programme in India and is expected to invest up to $30 Mn in domestic venture funds