Spence lauds India’s growth at varsity event
10 months, 1 week ago

Spence lauds India’s growth at varsity event

Hindustan Times  

India has developed the best digital economy and financial architecture in the world, said Nobel laureate Michael Spence during a panel discussion at Bennett University. Michael Spence “As somebody who has spent the last 25 years thinking about growth in one form or another in virtually every corner of the world, let me just say that the major economy with the highest potential growth rate is India,” Spence said. India’s leap on the technology front will be a key catalyst for the economic expansion of the nation, said the 80-year-old, who won the Nobel Prize for Economics in 2001 along with George Akerlof and Joseph Stiglitz, for laying the foundations for the theory of markets with asymmetric information. Responding to a question from a student on crypto assets, including bitcoin, Spence said, “Crypto currency is not a currency…because a currency is a store of value and medium of exchange.

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History of this topic

Riding high on the growth momentum
11 months, 1 week ago

Riding high on the growth momentum

Hindustan Times  

The Indian economy’s growth continues to surprise: The recently released advance estimate of Gross Domestic Product by the National Statistical Office showed that the economy will grow 7.3% in the current fiscal year 2023-24, slightly higher than last year’s 7.2% increase. India’s growth rate has kept a 7% handle for the last two years, but the world’s GDP growth has …

Digital economy to contribute 20% of India’s GDP by 2026: Union Minister Rajeev Chandrasekhar
1 year ago

Digital economy to contribute 20% of India’s GDP by 2026: Union Minister Rajeev Chandrasekhar

India TV News  

Gandhinagar: Union minister Rajeev Chandrasekhar on Thursday said that the digital economy will contribute 20 per cent of India's gross domestic product by 2026. Rajeev Chandrasekhar on digital economy "In 2014, the digital economy was around 4.5 per cent of the GDP and today it is 11 per cent. India has now become fastest-growing digital economy The Union Minister asserted …

Let’s reflect on what’ll make India a developed country
2 years ago

Let’s reflect on what’ll make India a developed country

Live Mint  

During his recent United Nations General Assembly speech, external affairs minister S. Jaishankar told the world about India’s ambition to become a developed country by 2047, a century after the country’s independence. Usually, countries are considered developed based on the size of their GDP, and therefore the per capita income of their citizens, along with the presence of high-quality infrastructure. …

We are well placed to let fintech lead the success of Digital India
2 years, 4 months ago

We are well placed to let fintech lead the success of Digital India

Live Mint  

From a 6.6% contraction in 2020-21, the Indian economy recorded a sharp rebound of 8.7% growth in 2021-22, by provisional estimates. The Niti Aayog report, India’s Booming Gig and Platform Economy, has underscored the role of fintech and a regulatory sandbox regime in helping India achieve its $5 trillion target. Broadly, the fintech sector is regulated under five regulations: the …

Expecting 7.5 pc economic growth rate this year: Modi
2 years, 6 months ago

Expecting 7.5 pc economic growth rate this year: Modi

Deccan Chronicle  

New Delhi: Ahead of the virtual BRICS Summit to be hosted by China starting on Thursday, Prime Minister Narendra Modi told the BRICS Business Forum on Wednesday that India is the fastest growing major economy with an expected 7.5 per cent growth this year. He credited the government’s "reform, perform and transform" mantra for the achievement and added that by …

India’s success based on technology-led growth with innovation, startups: PM Modi at BRICS Business Forum
2 years, 6 months ago

India’s success based on technology-led growth with innovation, startups: PM Modi at BRICS Business Forum

India TV News  

Highlights India supports innovation across every sector, PM Modi said during BRICS Business Forum This year we are expecting 7.5% growth, which makes us the fastest-growing major economy, PM said By 2025, India's digital sectors value will cross $1 trillion valuations, PM Modi mentioned Prime Minister Narendra Modi on Wednesday said India’s success is based on technology-led growth with innovation …

India's GDP Expected To Grow 9% in FY22, May Clock Over 8% Growth in FY23: PHDCCI
2 years, 8 months ago

India's GDP Expected To Grow 9% in FY22, May Clock Over 8% Growth in FY23: PHDCCI

News 18  

India’s gross domestic product is expected to have grown nine per cent in the financial year 2021-22, which is the highest among the leading economies, and the growth is likely to be over eight per cent in the current financial year, according to the PHD Chamber of Commerce and Industry. “At this juncture, the percolation of ease of doing business …

The crypto phenomenon
3 years ago

The crypto phenomenon

The Hindu  

A bulletin that announces issues to be discussed in the winter session of Parliament, which began in early December, had on its list the proposed cryptocurrency Bill. Following interviews with people knowledgeable on the subject, Frontline found that the collective opinion is that India should not lose out on this opportunity which, a crypto investor says, “is India’s Crypto moment”. …

Cryptocurrency can increase prosperity: ABN Amro
3 years, 2 months ago

Cryptocurrency can increase prosperity: ABN Amro

NL Times  

ABN Amro believes that digital currencies can lead to a greater level of prosperity. According to the bank, cryptocurrencies can improve productivity and boost economic growth, especially in developing countries, making the financial industry more efficient. Once regulated stablecoins or CBDCs establish a reliable payment system, they can provide users with access to banking services and products, the bank said. …

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