Posts tagged ‘Alberta’

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17/05/2015

India to open $1 billion credit line to finance infrastructure in Mongolia | Reuters

India will open a $1 billion credit line to bolster Mongolia‘s “economic capacity and infrastructure”, the Mongolian and Indian prime ministers announced on Sunday.

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Mongolia is seeking investment in infrastructure for the transport of its minerals as well as in generating energy. Money has been tight for the Mongolian government since the coal market in China weakened and growth has slowed.

Indian Prime Minister Narendra Modi said he hoped his visit would bring closer economic relations that could lead to cooperation in Mongolia’s minerals sector. India has no investments in Mongolia’s mines, although Indian companies have expressed interest in its coal.

Modi said economic relations between the two countries had been modest though that would change as India grew.

“As the Indian economy adds strength to our region and the world, it will also benefit Mongolia,” he said.

Modi began a three-nation Asian tour on Thursday with a focus on economic ties.

Before Ulan Bator, Modi visited the Chinese cities of Shanghai and Beijing. He is next scheduled to go to South Korea.

Mongolian Prime Minister Chimed Saikhanbileg said India would be opening a $1 billion credit line that could be used for expanding the landlocked nation’s railway system.

Mongolia is building a rail link from its coal mines in the Gobi desert to overcome bottlenecks in deliveries to China, but it is seeking funding to finish the job.

Saikhanbileg also mentioned establishing a “joint investment fund” but he did not elaborate.

Indian and Mongolian officials signed 14 agreements in areas such as renewable energy, cyber security and dairy production.

Modi’s visit to Ulan Bator was the first by an Indian prime minister although India was the first country to open diplomatic relations with the north Asian country outside of the Soviet bloc, in 1955.

Modi said India and Mongolia shared friendly connections, recalling how millennia ago, Indians helped bring Buddhism.

“We have a strong convergence of views,” Modi said, adding: “We are starting a new era in our partnership.”

via India to open $1 billion credit line to finance infrastructure in Mongolia | Reuters.

Posted in Economics, GeoPolitics, India alert | 2 Comments »

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21/11/2014

How Indians and Chinese Study in the U.S. Shows Degrees of Development – China Real Time Report – WSJ

A record number of international students—close to 900,000 scholars–studied at U.S. colleges and universities last year and more than four out of ten of them were from India or China.

How the best and brightest from China and India choose their expensive American degrees demonstrates the differing levels of development between the world’s only billion-person economies.

Chinese students tend to choose undergraduate courses focused on business, while Indians opt for short graduate programs in more technical subjects like science and math.

A report from the Institute of International Education published this week has the figures. China continued to be the biggest exporter of students to the United States by far. It had more than 274,000 students stateside, which was a 17% increase from the previous year.

India was a distant second but still had more than 102,000 college and university students to America. That was a 6% increase from the year before, and the first rise in the number of students from the subcontinent in five years.

Back in the school year which ended in June 2010, China passed India as the biggest source of foreign freshman in the U.S.—a title India had held for years. China has been adding to that lead ever since.

China’s rise to the top—it had 200,000 more students last year to the U.S. than it did just eight years earlier—reflects the growing incomes and increasing globalization of the country’s citizens, analysts say.

Chinese students were much more likely to go to the states for undergraduate studies than Indian students. Only around 12% of Indians that study in the U.S. were there for undergraduate studies during the past school year, compared to 40% of Chinese students, the IIE study showed.

It makes sense, said Akhil Daswani, chief operating officer of OnCourse Vantage, an education consulting company in India, an undergraduate degree is a luxury few Indians can afford.

“If you are going to spend $250,000 over four years you have to have a considerable amount of disposable income,” Mr. Daswani said. “Undergraduate schools are marketing heavily (in China). It is the first place they want to go because they are getting so much business.”

When they go for an international degree, Indians prefer to get more bang for their rupee, they tend to go for two-year graduate courses that lead to high-paying jobs.

Close to 80% of Indian students in the U.S. last year were aiming to get technical degrees in science, technology, engineering or math, the study showed. That figure for China was 42%. Chinese students, meanwhile, leaned more towards business degrees. Around 28% of Chinese students were studying business compared to 12% of Indian students.

via How Indians and Chinese Study in the U.S. Shows Degrees of Development – China Real Time Report – WSJ.

Posted in China alert, Chindia Alert, Economics, education, India alert, overseas university, Social & cultural | Leave a Comment »

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