The note was authored by Faraz Syed, an associate economist with Moody's Analytics.
Rediff.com takes you in flashback as we rewind the best from the sporting world in the week gone by.
Hasmukh Adhia to present revenue dept's performance over past year & plan for current financial year
Here is a flashback of the top moments from the just concluded quadrennial Games...
10 images that prove it's an incredibly bizarre world
Photographers across continents have asked youngsters to depict what they wanted as gifts this festive season and here's what they said.
'The competition between the two is definitely going to be of great interest to the Indian market.'
Nico Rosberg is refusing to get carried away by thoughts of celebrating a maiden Formula One title triumph at the end of the season, despite getting one hand on the championship crown with victory in the Japanese Grand Prix. The German eased to a maiden win from pole position at the Suzuka circuit on Sunday, chalking up his ninth win of the year, to lift himself 33 points clear of Mercedes team-mate Lewis Hamilton in the overall standings.
These 10 images prove that we live in a crazy, bizarre world.
China got its first gold at the Rio 2016 Summer Olympics thanks to some sharp shooting skills by Olympic debutant Zhang Mengxue on Sunday. Presenting a round-up of the athletes who shone bright to take home gold medals on Day 2 at the Rio Games...
These 10 images show that it's an odd world out there.
Japan marks the fourth anniversary of a quake-tsunami disaster that swept away thousands of people.
The DigiLocker platform, launched on July 1, 2015, by Prime Minister Narendra Modi, has 2.1 million registered users and 2.4 million documents have been uploaded
As another eventful year draws to a close, Rediff.com gives you a pictorial look back at the best and worst moments that shaped the sports stories this year.
Shuttler P V Sindhu scripted a new chapter in Indian Olympic history with unprecedented feat but the embattled Narsingh Yadav's dreams lay in tatters after being slapped with a four-year doping ban on a bitter-sweet day for the country at the Rio Games.
The commitment by Japan to invest $35 billion or 3.5 trillion YEN is for infrastructure sector over five years.
Inspired by 24-year-old playmaker Shoya Nakajima and forward Takumi Minamino, who finished the night with a brace, Japan stunned Oscar Tabarez's side, who are ranked fifth in the world.
London Olympics bronze medallist Saina Nehwal bowed out of the $250,000 India Open Super Series after a straight games defeat to world No 2 Yihan Wang in the quarter-finals of the women's singles at the Siri Fort complex in Delhi on Friday.
Formula One leader Lewis Hamilton smashed the Suzuka track record to seize a dominant Japanese Grand Prix pole position on Saturday with Ferrari rival Sebastian Vettel lining up alongside on the front row.
Long throw-ins a perfect secret set-piece weapon
India, China and the Middle East, with their fast-growing economies and expanding industry, have seen growing air pollution, according to NASA.
Sakshi thanked Olympic medalists Sushil Kumar and Yogeshwar Dutt for showing wrestling the way.
When Congolese refugee Popole Misenga stepped out to face the defending world champion in Wednesday's under 90-kilogram Judo competition he figured he'd be on the floor immediately.
Sahara Force India made it official that Mexican driver Sergio Perez will continue racing with the team in 2015 and beyond.
Green bonds refer to bonds issued mainly by power companies to finance energy efficient projects
Ministries such as road transport and heavy industries are learnt to have objected to NITI Aayog's attempts to become an implementing body for the EV programme.
A tribute to all the Delhi auto rickshaws and autowalas we come across everyday!
There is a high demand for IT professionals who can envision, design and develop applications for the future.
IMAGES from the FIFA World Cup first semi-final played between France and Belgium on Tuesday
FIFA says it 'strongly rebukes' Argentina great Diego Maradona's comments that England's win over Colombia was a robbery
A summary of sportspersons in the news on Sunday.
Images from matches played on Day 4 of the Australian Open at Melbourne Park on Thursday
Images from matches played on Day 5 at the Australian Open in Melbourne Park on Friday
Want to listen to Hollywood's golden couple's love story that spawned six kids, several social causes in nine years? Huddle up!
Summary of sports events and persons who made news on Monday
It's a truly bizarre world we live in... These images prove it.
Year 2017 will be a benign year for FII flows into India feels Akash Singhania, deputy chief investment officer, DHFL Pramerica Asset Managers.
Here's your weekly digest of odd photos from around the world.
Akito Tachibana, who took charge as managing director at Toyota's India operations from April 2016, talks to Ajay Modi on Delhi diesel car ban and DeMo.
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