As India gradually emerges out of the strict and unyielding coronavirus lockdown it had imposed to curb the spread of the deadly contagion, the economy of the country which had come to a standstill is showing positive and encouraging signs of robust economic recovery. If statistics are to be believed, Indian economy is set on … Read more
How would you like to see India’s GDP grow at double digit rates? Sure, you would love that. Suppose then that India’s (real) GDP growth soars to 10%. Add to that say 4% inflation, leading to nominal GDP growth of 14%. Fantastic! I wish… Just one catch. In return for this 14% nominal GDP growth, … Read more
The World Bank has recently increased its projections for India’s economic growth by 4.7 percentage points to 10.1 per cent for Financial Year 2024-25, citing a strong rebound in private consumption and investment growth. The latest estimate is significantly higher than the 5.4 per cent growth rate predicted by the World Bank in January this year. However, … Read more
On 17th May, Pakistan’s Foreign Minister Ishaq Dar acknowledged that the trade ties with India went south after the Pulwama terrorist attack on 14th February 2019 in which India lost 40 brave soldiers. Following the attack, India took some immediate steps to reduce trade with the hostile neighbour including the imposition of 200% import duty. Firstly, India announced that … Read more
On Monday, May 13, Maldives’ government thanked the Indian government for providing budgetary support worth $50 million. The support was extended in the form of a rollover of a $50 million treasury bill for one more year which was done through the State Bank of India’s branch in the Maldivian capital of Male. The financial … Read more
‘Apple can’t leave China’ is a myth that still lures many people, including the American-Chinese scholar Doug Guthrie, who believes Apple and China’s destiny is inextricably linked. In his podcast with Chris Marquis, which was published on 7th January 2022, the scholar made a case against Apple’s recent efforts to reduce its dependence on China and propagated … Read more
Despite sour relations with China over aggressions at the border, India’s trade relations with the county continues on an upwards trend. India has a trade deficit with China for a long time now, which means India imports far from China compared to exports across the Himalayas. According to reports, India-China trade grew to a record $125 … Read more
India’s gross domestic product (GDP) growth is estimated to be 8.3 percent this fiscal year and 8.7 percent in 2022-23, according to the latest Global Economic Prospects report by World Bank. The upgrade in growth prediction reflects increased private sector and infrastructure investment, as well as rewards from advancing reforms. This estimate for 2021-22 is identical to the … Read more
After five days of arduous discussions at the World Trade Organization (WTO), sources indicate that India made a significant influence, with its point of view expressed in all sectors, and that the country’s interests were not put at risk whatsoever. On June 17, Commerce and Industry Minister Piyush Goyal also stated that India had a fantastic triumph at the … Read more
India has made extraordinary progress in the global innovation index rating, ranking in the top 40 for the first time, according to the World Intellectual Property Organization’s (WIPO) annual report released on September 29. India is now ranked 40th in the Global Innovation Index (GII) 2022 rankings, up six spots. India has moved up 41 … Read more