Over past decade, wealth from crony-capitalist sectors in India rose from 5% to 8% of its GDP. Over 60% of increase in crony capitalists' wealth has come from US, China, Russia & India.
The non-trivial part of the demographic story in India lies in the stark contrast among states in terms of population growth and its impact on their economies.
Spillover from recent turmoil in financial markets in US, Europe pose risk to short-term investment flows to emerging markets, including India, said World Bank economist.
New FTP expects e-commerce exports to grow up to $200-300 billion by 2030. It also proposes reduced licence fees for MSMEs, provisions for merchanting trade & more.
Research agency says India showed more resilience during Covid than earlier thought & strong corporate balance sheets, govt capex push, and robust banking sector should support growth.
The index ranks 26 countries and is based on 8 broad parameters. It includes Russia, Australia, New Zealand and the US for the influence they wield over the continent.
Hypocrisies of yesterday’s rule-makers contribute to India’s nationalist impulse, but it must choose if it wants to be admired for its soft power or be seen as an arbitrary state.
Data due Tuesday is likely to show GDP in the year to March 2022 grew 8.7% from a year ago, slower than the 8.9% expansion projected by the Statistics Ministry three months ago.
From Mughal ports to Dutch wars to Bombay’s merchant dynasties, Gujarati Muslims once shaped the Indian Ocean world — long before one of their descendants took New York.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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