India: The next global economic powerhouse?
9 years ago

India: The next global economic powerhouse?

Al Jazeera  

We explore how India outpaced China as the world’s fastest-growing economy but still struggles to reach its potential. The world’s largest democracy recorded economic growth at 7.5 percent in the last quarter of 2015, as it surpassed China’s 6.8 percent. Meanwhile, in the past week, India has unveiled a pro-poor budget seeking to win back support for Prime Minister Narendra Modi’s government by boosting farm growth and appealing to the rural poor. Brick by brick: How Lego is still relevant in the digital age Lego has cemented its place as the world’s biggest toymaker after sales in 2015 leapt by 25 percent compared to 2014. With seven boxes of Lego sold every second, 62 pieces for every person in the world, and little ‘mini-figures’ as they’re known outumbering real people in the world, Lego has performed spectacularly in spite of the popularity of mobile phones and video games.

India China Lego Lamborghini  economy  joins  car  lego  economic  lamborghini  worlds  growth  ceo  india  discuss  global  powerhouse

History of this topic

Equity analysis: India’s billionaire boom isn’t a sign of a hunky-dory economy
1 day, 7 hours ago

Equity analysis: India’s billionaire boom isn’t a sign of a hunky-dory economy

Live Mint  

In a recent talk at the Institute for Social and Economic Change, economist Sanjay Reddy noted a startling fact about India’s growth process. This anomaly—of a high number of billionaires co-existing with low average income—raises critical questions about wealth distribution, economic inequality and the nature of India’s growth story. Over the past 25 years, India’s economy has grown roughly eightfold …

India on track to surpass Japan's GDP, could overtake Germany by 2027: IMF
1 day, 11 hours ago

India on track to surpass Japan's GDP, could overtake Germany by 2027: IMF

India Today  

India is on track to surpass Japan and become the world’s fourth-largest economy by the third quarter of the financial year 2024-25, according to data from the International Monetary Fund. If India continues on this growth path, it could also surpass Germany, the world’s third-largest economy with a GDP of $4.9 trillion, by the second quarter of 2027. INDIA’S GROWTH …

India's GDP grows 105% in 10 years, now at $4.3 trillion: IMF
Top News
1 day, 15 hours ago

India's GDP grows 105% in 10 years, now at $4.3 trillion: IMF

India Today  

India’s Gross Domestic Product has grown by 105% in the last ten years, doubling from $2.1 trillion in 2015 to $4.3 trillion in 2025. With Japan’s GDP currently at $4.4 trillion and showing no growth over the last decade, India is projected to overtake it within the next year. India’s rise to economic power has been marked by key milestones: …

India’s GDP Soars To $4.3 Trillion, Poised To Surpass Japan And Germany By 2027
5 days, 2 hours ago

India’s GDP Soars To $4.3 Trillion, Poised To Surpass Japan And Germany By 2027

ABP News  

India’s GDP has surged from $2.1 trillion in 2015 to an estimated $4.3 trillion in 2025, reflecting an impressive 105 per cent increase, according to inflation-adjusted data from the International Monetary Fund. The growth trajectory positions India as a global economic powerhouse, poised to surpass Japan in 2025 and Germany by 2027, according to the report findings which was shared …

India’s GDP doubles to $4.3 trillion in 2025 from $2.1 trillion in 2015
5 days, 7 hours ago

India’s GDP doubles to $4.3 trillion in 2025 from $2.1 trillion in 2015

Op India  

India has reached a remarkable economic milestone, doubling its GDP from USD 2.1 trillion in 2015 to an impressive USD 4.3 trillion in 2025, marking an extraordinary 105 per cent growth that stands unmatched by any other major global economy, said BJP leader Amit Malviya. In the post he added, “India has achieved a remarkable economic milestone, doubling its GDP …

Manish Tewari | Tech delayed is tech denied
2 weeks, 4 days ago

Manish Tewari | Tech delayed is tech denied

Deccan Chronicle  

India must invest in R&D India’s research and development sector continues to grapple with deep-rooted challenges, reflecting broader weaknesses in the country’s innovation ecosystem. Ranked 39th in the Global Innovation Index 2024, India’s R&D spending has declined from 0.83 per cent of GDP in 2009-10 to a mere 0.64 per cent today. Without bold reforms and stronger private sector participation, …

DC Edit | Will India Inc Heed PM’s Call?
3 weeks ago

DC Edit | Will India Inc Heed PM’s Call?

Deccan Chronicle  

Prime Minister Narendra Modi’s call for Indian companies to focus on research and development to manufacture innovative products for global customers aptly sets out the future agenda for the Indian industry. For several decades, the developed world looked at profit maximisation — the cardinal principle of capitalism — by outsourcing work to Third World countries to reap the benefits of …

India Needs 7.8% Growth for Next 20 Years to Be HIC: World Bank
3 weeks, 6 days ago

India Needs 7.8% Growth for Next 20 Years to Be HIC: World Bank

Deccan Chronicle  

Chennai: India will have to grow by 7.8 per cent on average over the next 22 years, above its historical average of 6.7 per cent to achieve high-income status. However, to reach the High-Income Country status by 2047, India would need to grow above its historical average of 6.7 per cent for the next two decades. India’s overall labour force …

India can produce and sell technology at a lower cost than China: World Bank
3 weeks, 6 days ago

India can produce and sell technology at a lower cost than China: World Bank

Live Mint  

By Nikhil Dedha New Delhi, February 28 : India has the potential to produce technology at a lower cost than China if it can master and manufacture it efficiently, said World Bank Country Director Auguste Tano Kouame. So today, if you take a given technology, assuming India masters that technology produce it, it will produce it at a lower cost …

India should focus on accelerated reforms to speed up growth, achieve high-income status by 2047: World Bank
3 weeks, 6 days ago

India should focus on accelerated reforms to speed up growth, achieve high-income status by 2047: World Bank

The Hindu  

India would need to grow by 7.8% on average over the next 22 years to achieve the country’s aspirations of reaching high-income status by 2047, said the World Bank in a report released on Friday. Achieving this target was possible, however, getting there would require reforms and their implementation to be as ambitious as the target itself, said the report …

Mihir Sharma: Musk’s plans for India reveal cracks in Trump’s political coalition
3 weeks, 6 days ago

Mihir Sharma: Musk’s plans for India reveal cracks in Trump’s political coalition

Live Mint  

Elon Musk’s companies may finally have cracked open the Indian market, though the reaction from US President Donald Trump shows the coalition he’s constructed is more fragile than it appears. It wasn’t obvious to anyone whether Musk met Indian Prime Minister Narendra Modi on his recent trip to Washington as a businessman or as a representative of the US government. …

Dilip Cherian | Executive’s job to balance govt’s EV dream with India’s diplomatic reality
1 month ago

Dilip Cherian | Executive’s job to balance govt’s EV dream with India’s diplomatic reality

Deccan Chronicle  

Tesla’s intentions of establishing a manufacturing base in India are well-known, and have sparked a debate, intertwining market expansion ambitions with the intricacies of global geopolitics. Prime Minister Narendra Modi’s government is keen to position India as a hub for electric vehicle manufacturing, offering reduced import tariffs for automakers willing to make significant local investments. Hosting a global EV leader …

India Will Remain the World’s Fastest-Growing Economy in the Coming Years: Modi
1 month ago

India Will Remain the World’s Fastest-Growing Economy in the Coming Years: Modi

Deccan Chronicle  

Bhopal: Prime Minister Narendra Modi on Monday said India will remain the world’s fastest-growing economy in the coming years. The World Bank in its recent Global Economic Prospects Report said India will continue to be the fastest-growing economy in the world in the coming years, Mr. Modi said. He recalled how investors shied away from investing in Madhya Pradesh two …

'India to continue as world's fastest-growing economy', says PM Modi
1 month ago

'India to continue as world's fastest-growing economy', says PM Modi

Firstpost  

Speaking at the Global Investors Summit in Madhya Pradesh, the prime minister said, ‘In the history of India, this is the first time that the entire world is so optimistic for the country’ Prime Minister Narendra Modi, on Monday, reiterated that India will continue to be the world’s fastest-growing economy in the near future as well. Speaking at the Global …

'India to continue as world's fastest-growing economy', says PM Modi
1 month ago

'India to continue as world's fastest-growing economy', says PM Modi

Firstpost  

Speaking at the Global Investors Summit in Madhya Pradesh, the prime minister said, ‘In the history of India, this is the first time that the entire world is so optimistic for the country’ Prime Minister Narendra Modi addressing the Global Investors Summit in Madhya Pradesh. Image courtesy: Screengrab from X.com/@narendramodi Prime Minister Narendra Modi, on Monday, reiterated that India will …

Aakar Patel | China became a global leader in 10 years, as India shifted its focus
1 month, 1 week ago

Aakar Patel | China became a global leader in 10 years, as India shifted its focus

Deccan Chronicle  

In the decade that the BJP’s ideology took control in India, things did not stand still elsewhere. In 2015, China’s Prime Minister Li Keqiang announced a 10-year initiative to reduce China’s reliance on foreign technology and to move China from being a low-cost manufacturer to a direct competitor with the world’s most advanced economies — Germany, Taiwan, Japan, Korea and …

External factors responsible for slowdown in growth: CEA Anantha Nageswaran
1 month, 3 weeks ago

External factors responsible for slowdown in growth: CEA Anantha Nageswaran

New Indian Express  

NEW DELHI: The golden era of globalisation probably disappearing amid geopolitical and policy uncertainties, resulting in the economic growth slowdown, Chief Economic Adviser V Anantha Nageswaran said on Friday. India's economy is likely to expand by 6.3 to 6.8 per cent in the coming fiscal, much lower than what is needed to become a developed country, and requires deregulation and …

Dominant China provides both a challenge and a blueprint, says Economic Survey
1 month, 3 weeks ago

Dominant China provides both a challenge and a blueprint, says Economic Survey

Live Mint  

New Delhi: In the Economic Survey 2025, China is mentioned 102 times, casting a long shadow over the global economic landscape. The survey highlighted to China’s near-total dominance of global battery manufacturing and wind energy supply chains, areas where India is just beginning to establish a foothold. India’s strategic response Against this backdrop, the Economic Survey emphasizes the need for …

Develop technologies to make India a self-reliant and developed economy by 2047, says Governor
1 month, 3 weeks ago

Develop technologies to make India a self-reliant and developed economy by 2047, says Governor

The Hindu  

Technocrats should strive hard to develop sustainable and innovative technologies using artificial intelligence and other emerging technologies to take Bharat as a developed self-reliant nation by 2047 when the country celebrates is centenary of Independence, Governor R.N. Inaugurating the silver jubilee celebrations of PSN College of Engineering and Technology at Mela Thediyoor near here on Tuesday, Mr. Ravi said India, …

India to Host World’s Largest Auto Expo Next Year
2 months, 1 week ago

India to Host World’s Largest Auto Expo Next Year

Deccan Chronicle  

New Delhi: As India is having the second-largest automotive expo in the world at present, commerce and industry minister Piyush Goyal on Friday said that India’s share in the global mobility supply chains is increasing due to the sector’s cost-competitiveness and focus on product quality. Speaking at the Bharat Mobility Global Expo 2025 here, he said by next year this …

Annual car sales in India exceed population of many countries: PM Modi at Bharat Mobility Global Expo 2025
2 months, 1 week ago

Annual car sales in India exceed population of many countries: PM Modi at Bharat Mobility Global Expo 2025

Live Mint  

Prime Minister Narendra Modi inaugurated the Bharat Mobility Global Expo 2025 on Friday, declaring India the future of global mobility. Speaking at the Bharat Mandapam in New Delhi, PM Modi highlighted India’s impressive annual vehicle sales of 2.5 crore units and the attraction of $36 billion in foreign direct investment in the past four years. “The Indian auto sector grew …

WEF says India remains fastest-growing major economy but global growth to weaken in 2025
2 months, 1 week ago

WEF says India remains fastest-growing major economy but global growth to weaken in 2025

Firstpost  

India, the world’s fastest-growing major economy, is projected to maintain robust growth, according to a survey of chief economists carried out by the World Economic Forum The global economy is likely to face significant headwinds in 2025, with most chief economists predicting weaker conditions, according to a new report released Thursday by the World Economic Forum. The Chief Economists Outlook …

The week in charts: GDP estimate, Nadella’s plan, ₹100 crore homes
2 months, 2 weeks ago

The week in charts: GDP estimate, Nadella’s plan, ₹100 crore homes

Live Mint  

The first advance estimates released on Tuesday forecast India's growth at 6.4%, the slowest in four years. Services dominance India’s services exports surpassed goods exports, reaching $35.7 billion—about $3 billion more than goods--in November 2024, preliminary data showed. India’s share in global services exports has steadily grown, reaching 4.2% by 2023, while its share in goods exports has remained flat …

India is shining but needs to go beyond IT to become global power
2 months, 2 weeks ago

India is shining but needs to go beyond IT to become global power

Firstpost  

In order to compete and excel China as an economic and military power, India needs to add hard muscle power to its digital power. Recent statistics showing India’s services exports surpassing its merchandise exports are not just numbers but a testament to the country’s growing strategic importance in the global tech services value chain. The presence of these centres underscores …

N Chandrasekaran Says Slowdown In Indian Economy Temporary, India To ‘Remain Fastest-Growing In The World’
2 months, 3 weeks ago

N Chandrasekaran Says Slowdown In Indian Economy Temporary, India To ‘Remain Fastest-Growing In The World’

ABP News  

Tata Group Chairman, N Chandrasekaran, expressed optimism regarding the domestic economic growth and noted that despite a slowdown this year, India will remain the fastest-growing economy in the world. He further noted that 2025 is anticipated to be a ‘phenomenal year for AI’, with the sector expected to clock huge investments in small language models during the year, while large …

Can India become the world’s third superpower? It faces huge challenges in 2025
2 months, 3 weeks ago

Can India become the world’s third superpower? It faces huge challenges in 2025

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Yet in a test to Modi’s ambitious plans, India’s …

Expert view: India’s growth story remains strong; Trump’s policies may boost China+1 strategy, says Mandal of Marcellus
3 months, 1 week ago

Expert view: India’s growth story remains strong; Trump’s policies may boost China+1 strategy, says Mandal of Marcellus

Live Mint  

Expert view: Arindam Mandal, the head of global equities at Marcellus, remains confident about India’s long-term structural growth story. In an interview with Mint, Mandal shares his views on the Indian stock market, the US Fed's rate reduction cycle and explains what key factors Indian investors should consider before investing in developed market equities. While Trump’s trade policies are aimed …

India will benefit from cooperation not by turning away from its neighbor: China Daily editorial
3 months, 1 week ago

India will benefit from cooperation not by turning away from its neighbor: China Daily editorial

China Daily  

In his meeting with President Xi Jinping on the sidelines of the BRICS Summit held in Kazan, Russia, on Oct 23, Indian Prime Minister Narendra Modi noted that maintaining the steady growth of India-China relations was critical for the two countries and peoples. Against a complex international landscape, cooperation between India and China, two engines of economic growth, could help …

Govt confident of economic rebound despite global challenges, says Piyush Goyal
3 months, 2 weeks ago

Govt confident of economic rebound despite global challenges, says Piyush Goyal

Live Mint  

New Delhi: Despite global uncertainties owing to supply-chain disturbances following the Red Sea crisis, union commerce and industry minister Piyush Goyal has said he was confident that India's economic growth would be back on track by the end of the fiscal year. Speaking at Times Network’s India Economic Conclave on Thursday, Goyal said, "There was an election in the first …

Mark Mobius expects smooth FII inflows despite cautious optimism on global, Indian economic trends
3 months, 2 weeks ago

Mark Mobius expects smooth FII inflows despite cautious optimism on global, Indian economic trends

Live Mint  

Foreign fund inflows into Indian financial markets are expected to remain robust, supported by the nation’s adept management of inflation without hindering economic growth, stated Mark Mobius, Chairman of the Mobius Emerging Opportunities Fund, during an investor webinar organized by PL Capital Group – Prabhudas Lilladher. Mobius highlighted that India continues to be a focal point for global investors while …

India ranks 3rd globally with 185 billionaires in 2024, wealth up 42%: Report
3 months, 2 weeks ago

India ranks 3rd globally with 185 billionaires in 2024, wealth up 42%: Report

Live Mint  

India has emerged as the third-largest hub for billionaires globally, boasting 185 individuals in 2024, according to UBS’ latest Billionaire Ambitions Report. Billionaire Wealth Surges in India The collective net worth of India’s billionaires soared by 42.1% over the past year to $905.6 billion, reflecting the country’s strong economic momentum. Meanwhile, China experienced a decline, losing 93 billionaires as its …

India's growth offers phenomenal opportunities to American investors: K V Subramanian
3 months, 3 weeks ago

India's growth offers phenomenal opportunities to American investors: K V Subramanian

Deccan Chronicle  

Washington: Of the belief that India is headed to be a USD 55 trillion economy by 2047, India's Executive Director at the IMF Dr K V Subramanian said India's growth offers phenomenal opportunities to American investors. "The opportunities that are available for the American investors actually are phenomenal., I don't think there is any other economy that is actually going …

China+1 plan: India’s limited gain
3 months, 3 weeks ago

China+1 plan: India’s limited gain

New Indian Express  

NEW DELHI: Government think tank Niti Aayog has admitted that ‘India has seen limited success so far in capturing the China Plus One strategy. It attributes factors like cheaper labour, simplified tax laws, lower tariffs and pro-activeness in signing free trade agreements have played a key role in helping these countries expand their share of exports. The US has raised …

Under Trump, India can find a way to become manufacturing powerhouse: Fareed Zakaria
4 months ago

Under Trump, India can find a way to become manufacturing powerhouse: Fareed Zakaria

India Today  

Veteran journalist and geopolitical expert Fareed Zakaria offered a comprehensive analysis of Donald Trump’s second term as US President, highlighting its global implications, particularly for India. US policy toward India for the last 25 years has been remarkably consistent and upward moving, and so I think what you're likely to see with India is the continuation of that upward moving …

India to contribute 20 pc of global workforce growth between 2023-2050, China share to decline: Report
4 months, 1 week ago

India to contribute 20 pc of global workforce growth between 2023-2050, China share to decline: Report

Live Mint  

New Delhi, : India is set to play a pivotal role in global workforce growth, contributing 20 per cent of it between 2023 and 2050, according to a report by Angel One Wealth. It said "By 2030 high-income households are expected to triple, while middle-income households will nearly double making India the fastest-growing nation in terms of per capita income". …

India to contribute 20 pc of global workforce growth between 2023-50, China share to decline: Report
4 months, 1 week ago

India to contribute 20 pc of global workforce growth between 2023-50, China share to decline: Report

New Indian Express  

NEW DELHI: India is set to play a pivotal role in global workforce growth, contributing 20 per cent of it between 2023 and 2050, according to a report by Angel One Wealth. It said, "By 2030 high-income households are expected to triple, while middle-income households will nearly double making India the fastest-growing nation in terms of per capita income". The …

Tech Titans Flock to India: A Strategic Play for the Future of AI
4 months, 3 weeks ago

Tech Titans Flock to India: A Strategic Play for the Future of AI

Live Mint  

Top tech executives are visiting India to explore opportunities for co-creating intellectual properties in tech, as India is the second-largest developer base in the world after the US. With vast sections of the world’s developer ecosystem either based in India or originating in the region, a concerted effort from the Centre is pushing Indian firms to build foundational technologies. This …

India to Drive 20% of Global Economic Growth in Next Decade: G20 Sherpa Amitabh Kant
6 months, 2 weeks ago

India to Drive 20% of Global Economic Growth in Next Decade: G20 Sherpa Amitabh Kant

News 18  

India will be driving 20 per cent of the world’s economic growth in the next decade as it continues its march to become the third largest economy globally, according to G20 Sherpa Amitabh Kant. The country will be driving 20 per cent of the world’s economic growth in the next decade, he added. “If India is to grow at 9-10 …

Review of Krishnamurthy Subramanian’s India@100 — Envisioning Tomorrow’s Economic Powerhouse: Dreams, with a catch
6 months, 3 weeks ago

Review of Krishnamurthy Subramanian’s India@100 — Envisioning Tomorrow’s Economic Powerhouse: Dreams, with a catch

The Hindu  

Goldman Sachs expects India’s economy to grow to $50 trillion by 2075, that is, in a little over 50 years from now. But former chief economic adviser to the Narendra Modi government, Krishnamurthy Subramanian, in a new book, India@100: Envisioning Tomorrow’s Economic Powerhouse, believes that India has the potential to do far better and that it could possibly become even …

India can be a $55 trillion economy by 2047 with 8% real growth, says IMF Executive Director
7 months, 2 weeks ago

India can be a $55 trillion economy by 2047 with 8% real growth, says IMF Executive Director

The Hindu  

“India can be a $55 trillion economy by 2047 as we are targeting 8% real growth and 5% inflation,” said Krishnamurthy V. Subramanian, Executive Director, International Monetary Fund & Former Chief Economic Advisor, Government of India. “To put this further into perspective, Japan experienced remarkable economic growth from 1970 to 1995, demonstrating the power of sustained development. China’s economic growth …

India to Become Third Largest Economy in Two Years: Vice President Jagdeep Dhankhar
7 months, 2 weeks ago

India to Become Third Largest Economy in Two Years: Vice President Jagdeep Dhankhar

News 18  

Asserting that India’s rise is unstoppable, Vice President Jagdeep Dhankhar on Wednesday said the country will become the third largest economy in the world in two years. The “Be Vocal for Local” clarion call given by the Prime Minister has economic freedom at this core, with handloom products being one of its key elements, said the Vice President. Strongly advocating …

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025
9 months ago

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025

Times of India  

NEW DELHI: The International Monetary Fund has forecast that India's GDP is likely to grow to moderate from 8.2% in 2023 to 7% in 2024 and 6.5% in 2025. "In India, the outlook is for GDP growth to moderate from 8.2% in 2023 to 7% in 2024 and 6.5% in 2025, because pent-up demand accumulated during the pandemic has been …

India’s economic boom won’t be derailed by its election shock
9 months, 3 weeks ago

India’s economic boom won’t be derailed by its election shock

CNN  

New Delhi CNN — Narendra Modi has declared victory in India’s election but he’ll need the support of smaller parties to govern, a shock result that could make it harder for him to pass major economic reforms. India boomed during Modi’s first two terms as prime minister, leapfrogging the United Kingdom to become the world’s fifth biggest economy and growing …

India all set to overtake Japan as fourth largest economy by 2025, predicts Amitabh Kant
10 months, 2 weeks ago

India all set to overtake Japan as fourth largest economy by 2025, predicts Amitabh Kant

India TV News  

Citing various macroeconomic parameters that are doing pretty well, India's G20 Sherpa and former CEO of Niti Aayog Amitabh Kant projected that the country is all set to overtake Japan as 4th largest economy in the world by 2025. Some highlights of India's journey to the top 5 economies of the world in 2024 from Fragile 5 in 2013, according …

Indian economy projected to grow 6.5% in 2024: UNCTAD
11 months, 1 week ago

Indian economy projected to grow 6.5% in 2024: UNCTAD

The Hindu  

India’s economy is projected to grow by 6.5% in 2024, according to a report by the UN which noted that multinationals extending their manufacturing processes into the country to diversify their supply chains will have a positive impact on Indian exports. “The expansion in 2023 was driven by strong public investment outlays as well as the vitality of the services …

India’s Modi vows to boost social spending, make country into a manufacturing hub ahead of election
11 months, 1 week ago

India’s Modi vows to boost social spending, make country into a manufacturing hub ahead of election

Associated Press  

NEW DELHI — Indian Prime Minister Narendra Modi on Sunday vowed to boost social spending, develop infrastructure and make India into a global manufacturing hub as companies shift away from China, as he unveiled his Hindu nationalist party’s election strategy. Modi promised to expand social programs introduced during his party’s 10-year rule, including millions of free homes for the poor, …

India to be fastest growing economy among G-20 nations in 2024
11 months, 3 weeks ago

India to be fastest growing economy among G-20 nations in 2024

Op India  

India will be the fastest growing economy among the G-20 nations in 2024. In the previous three quarters, India’s economy expanded at 7.8 per cent in Q1, 7.6 per cent in Q2 and 8.4 per cent in Q3. The most recent upgrade came from Goldman Sachs, which has raised India’s 2024 growth projections to 6.6 per cent, a 10 basis …

Mint Primer | Mind the income gap: Is India becoming a plutocracy?
1 year ago

Mint Primer | Mind the income gap: Is India becoming a plutocracy?

Live Mint  

Income and wealth inequality in India are at a historical peak with the share of the richest 1% higher than in countries like China and Brazil, finds a new study by the World Inequality Lab. Inequality in India declined post-independence till early-1980s, after which it began rising and skyrocketed beginning 2000s, shows the report titled ‘Income and Wealth Inequality in …

India can’t achieve China’s past 8-10% growth, Morgan Stanley says
1 year ago

India can’t achieve China’s past 8-10% growth, Morgan Stanley says

Hindustan Times  

India is not likely to achieve 8%-10% economic growth rates that China had over the long term, Morgan Stanley’s chief Asia economist said. Chetan Ahya told Bloomberg that India’s economy will likely grow steadily at 6.5%-7% over the long term but it is not going to replace China as a global manufacturing hub. A screen displays the trading information for …

India to be third top economy in few years, says Nirmala Sitharaman
1 year ago

India to be third top economy in few years, says Nirmala Sitharaman

The Hindu  

Union Finance Minister Nirmala Sitharaman on March 16 said India needs economic freedom to achieve developed nation status by 2047 and assured that the country would move to the third spot in the world economy from the current fifth position in the near future. ‘We should attain economic freedom’ Observing that India was a rich country about 400 years ago, …

Discover Related