A United Nations expert body on Thursday said surge in food prices in India is a matter of concern, but retail price inflation will cool down to 7.5 per cent this year from around 12 per cent last year.
The report showed that 53 road accidents take place every hour in the country.
India and China will remain the fastest growing economies in Asia-Pacific by expanding at respective rates of 8.7 per cent and 9.5 per cent in 2011, much above the average of the region, UN agency ESCAP said.
The UNESCAP has warned Asia-Pacific region's governments to protect and prepare against sudden or unexpected market downturns rather than remaining complacent in the current atmosphere of prosperity.
Finance Minister P Chidambaram on Wednesday said the current liquidity tightening, which has pushed up call money rates to nine-year high on Tuesday, will ease in a few days as departments start spending money.
Nobel laureate Amratya Sen has been conferred Lifetime Achievement Award by UNESCAP as part of its 60th anniversary celebrations.
India's economy could prove to be the "most resilient" in the subregion of South and South-West Asia over the long term, according to a report by the UN, which says a positive but lower economic growth post COVID-19 pandemic and the country's large market will continue to attract investments. The report titled 'Foreign Direct Investment Trends And Outlook In Asia And The Pacific 2020/2021', and compiled by United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), stated that inward FDI flows to South and South-West Asia slightly decreased by 2 per cent in 2019, from $67 billion in 2018 to $66 billion in 2019. The growth, however, was mainly driven by India, which accounted for 77 per cent of the total inflows to the subregion and received $51 billion in 2019, up 20 per cent from the previous year.
The Indian economy is expected to return to the pre-crisis growth trajectory of about 9 per cent in a couple of years.
A decade after a massive tsunami triggered by an earthquake smashed the coastline of around 14 nations; India on Friday announced a $1 million (around Rs 6 crore) contribution to a United Nations fund for strengthening early warning systems for natural disasters.
Economists have asked Finance Minister Arun Jaitley to lower interest rate, rationalise subsidies, remove all cess and surcharge, do away with the retrospective tax amendments and scrap dividend distribution tax to revive investment cycle and promote growth.
It all feels like something you've seen before. And yet, Raja Sen calls Bridget Jones's Baby a pleasant experience.
The long-term growth perspective or potential for India is one of the highest in the Asia Pacific region.
How Shivani Gupta bounced back from a major accident is sure to inspire you.
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