Shivakumar also pointed out that global companies were increasingly shifting headquarters from the place of origin to the growing markets and the organisations were prioritising creative jobs and outsourcing the repetitive work.
Asserting that India is well placed to weather financial crisis, RBI Governor Raghuram Rajan today said the central banks of developed nations must also keep in mind emerging nations while framing monetary policies.
The U.S. Federal Reserve's move toward trimming its stimulus has triggered a sell-off in emerging market currencies and a flight to the dollar, resulting in a round of interventions and monetary policy moves from Istanbul to Mumbai to prop them up.
CNBC-TV18’s Sajeet Manghat caught up with the Wartsila's global chief executive officer, Bjorn Rosengren to get his perspective on where he saw the global economic climate going.
Major emerging nations on Thursday said they may lend money to the International Monetary Fund or other global financial bodies to increase their firepower for fighting financial crises.
The Group of 20 leading and emerging nations has not done enough to correct global imbalances and this could provoke more financial instability, a top Bank of Canada official said on Wednesday.
Nilesh Shah, MD & CEO, Envision Capital jons CNBC-TV18 to give his views on market performance for the day. Ahead of Infosys results, the Nifty is likely to be impacted by the slowdown in the global markets, he says.
Emerging nations are still conducting "lots of consultations" about choosing a candidate from their ranks to head the International Monetary Fund, South African Finance Minister Pravin Gordhan said on Tuesday.
The US Federal Reserve today blamed high growth in emerging nations for rising commodity prices which in turn is affecting the global economy.