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India tops as Asia’s most investment savvy economy: StanChart

India is Asia’s most investment savvy economy and more than two-thirds of the country’s affluent class prefer to use various investment products to achieve their financial goals and greater social mobility, says a study. According to a new Standard Chartered study of 11,000 emerging affluent consumers across Asia, Africa and the Middle East, 68% of Indian people belonging to this segment are using investment products to achieve their financial goals, as compared to an average figure of 57%. For the purposes of this study ‘investment products’ refers to fixed income…

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Uganda opens first investment window for tourism businesses to protect biodiversity and boost economy

Uganda yesterday launched the first investment window to seek to harness the financial muscle of the world’s leading hotel and lodge operators to raise vital funds to support and protect Uganda’s wildlife. The offering, which is being facilitated by the conservation charity Space for Giants and its partner the African Wildlife Foundationunder the Giants Club initiative, involves some of the most important wildernesses in the county. Uganda has Africa’s fastest growing elephant population but, with urgent development needs and limited budgets, the country lacks adequate financial resources to fully support its conservation requirements….

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India’s 7% projected growth rate ‘amazingly fast’, can double economy in 10 years: ADB

India’s projected GDP growth of over 7 per cent for the current fiscal is “amazingly fast” and if this momentum is maintained the size of the economy can double within a decade, ADB Chief Economist Yasuyuki Sawada has said. The country shouldn’t worry about not achieving 8 per cent growth but focus on increasing domestic demand by reducing the income inequality, he said. Growth is driven more by domestic consumption than exports, he added. The Asian Development Bank (ADB) has projected India to remain the fastest growing Asian nation with…

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