India decisively withstood global headwinds in 2023 and is likely to remain as the world's fastest-growing major economy on the back of growing demand, moderate inflation, stable interest rate regime and robust foreign exchange reserves. Despite widespread pessimism witnessed among the developed nations and the worsening geopolitical situation, India recorded a gross domestic product (GDP) expansion of 6.1 per cent in the March quarter. The growth moved up to 7.8 per cent in the June quarter and was 7.6 per cent in the September quarter. For the first six months of this fiscal, the growth was 7.7 per cent.
Technology giant Apple, which recorded $83 billion in revenue for the quarter ended June 2022, has reported a "near doubling" of revenue in India. Announcing financial results for its fiscal 2022 quarter ended June 25, Apple on Thursday said it has achieved a revenue record of $83 billion, up 2 per cent year-over-year. Apple CEO Tim Cook, during an earnings call, said the 83 billion dollar revenue was "better than we expected despite supply constraints, strong foreign exchange headwinds and the impact of our business in Russia."
A day ahead of the G20 Summit, it was not very clear whether a consensus on the text to describe the Ukraine crisis in the joint leaders' declaration was achieved with China appearing to emerge as the main stumbling block to bridge the differences on the contentious issue.
The number of jobs created by Brazil, China, Russia, India, China investors in Europe increased by 8 per cent in 2011, with India and China together accounting as the largest players for 95 per cent of job creation and 82 per cent of projects in the continent, Ernst & Young's 10th annual European Attractiveness Survey released on Wednesday says.
President Pranab Mukherjee will visit China from May 24 to 27 during which he will hold talks with the top Chinese leadership, the foreign ministry said on Wednesday, announcing the first trip to the country by an Indian Head of State in six years.
There are 1,53,106 active cases of the coronavirus disease (COVID-19), while 1,69,797 people have recovered and a patient has migrated, according to the ministry data updated in the morning.
'Happily,' says Ambassador B S Prakash, 'BRICS displayed new-found energy and built something real, a bank. Between needless nihilism and as yet unjustified euphoria, there are many stations for the BRICS train and we can watch its progress with renewed interest.'
India's upcoming presidency of the G20 grouping is a matter of pride and a great opportunity for the country in its 75th year of Independence, Prime Minister Narendra Modi said on Tuesday. Modi made the remarks after unveiling the logo, theme and website of India's G20 presidency during an online event. India will assume the presidency of the powerful grouping from the current chair Indonesia on December 1.
India's iconic Vande Bharat train project may finally find a solution to its two Russian-related issues.
"Have just got the good news that due to the hard work of our teams and your cooperation, a consensus has been reached on New Delhi G20 Leaders Summit Declaration," Modi said while addressing the second session of the Summit at the Bharat Mandapam in New Delhi.
"I am saddened, however, that there is a small, handful of members that seem to be still tolerating the war," Sergiy Kyslytsya said after the Security Council voted on the United States-led draft resolution.
Zuckerberg, in an interview with The New York Times, referred to the artificial intelligence tools deployed by Facebook to detect fake accounts trying to manipulate news and influence the elections.
The US Federal Reserve on Wednesday night hiked interest rates by 0.25%.
In response the BRICS - Brazil, Russia, India, China and South Africa - have taken steps to strengthen cooperation such as setting up a joint development bank
Even as India strives to climb the development mountain, the fact is that the mountaintop is already crowded. If it got there in 2047, India would be very much a late-comer, observes T N Ninan.
Software market in India grew 10 per cent to $4.76 billion in 2013, driven by strong adoption of cloud or subscription-based services, research firm Gartner said.
So keen is Moscow that India buy its helicopter -- Kamov-226T -- that President Vladimir Putin personally took up the issue with PM Narendra Modi during their summit meeting last year
Overall, the Brazil, Russia, India, China and South Africa gap has widened as developed economies are taking the lead.
India abstained on the procedural vote taken in the Security Council ahead of a meeting to discuss the tense situation on the Ukraine border.
Even senior Indian officials have openly stated that Chinese troops did not enter into the Indian territory, Wang said.
China, however, remained ambiguous about the status of its own troops.
BRICS countries may reach consensus at next month's G20 summit on creating a $100 billion currency reserve fund to help ease short-term liquidity pressure and safeguard financial stability of major emerging economies, a senior Chinese central bank official said.
Prime Minister Narendra Modi will visit Japan, a key strategic partner, next month as he embarks on a busy foreign travel schedule in coming months that will include Bhutan, Brazil and the US.
Pakistan-based terror groups like the Lashkar-e-Tayiba and the Jaish-e-Mohammed were named on Monday in the Summit declaration of the BRICS countries.
Four out of five permanent members of the UN Security Council (UNSC) have supported India's candidature for a permanent seat in the top world body, the government told the Lok Sabha on Friday.
At a brief ceremony, Indonesian President Joko Widodo handed over the G20 presidency to Prime Minister Modi at the conclusion of the two-day G20 Summit in Bali.
A lightweight in global sport, India is only behind Russia (167) and Italy (157), while Brazil (78) is at fourth and Iran (70) fifth.
"Hello Hangzhou! PM lands in China to attend the G20 Summit," Modi tweeted.
Russian President Vladimir Putin on Thursday held talks with Prime Minister Narendra Modi to further boost cooperation between the two strategic partners in crucial sectors like defence, energy and trade at a time when Russian economy was facing Western sanctions.
'Wang Yi said the border issue is important and we should stay committed to peacefully addressing it through consultation and coordination.'
Around 1 out of every 5 people who gets COVID-19 becomes seriously ill and develops breathing difficulty, according to the World Health Organisation.
Amid talks of former Brazil and Real Madrid defender Roberto Carlos joining the Delhi team as marquee manager, the second season of the Indian Super League is kicking up the same kind of buzz that preceded the inaugural edition of the tournament.
Tirumurti also said India is 'deeply concerned' about the welfare and security of the Indian community, including a large number of Indian students, in Ukraine.
India and China have not ruled out a Modi-Xi meeting during the summit.
'It is only when Beijing sees a country with an infirm political will such as India that it acts up as the PLA has done in eastern Ladakh.'
Modi said that there was an immediate need to strengthen the WTO, fighting protectionism, ensuring energy security and work together to fight terrorism.
The Brics line-up has yielded to a shaky China-India story, with new question marks over China even as India remains a "B+" performer, says T N Ninan.
The number of active cases in the country stands at 1,33,632, while 1,35,205 people have recovered.
Pitching for 'zero tolerance" against terrorism, Prime Minister Narendra Modi on Tuesday told leaders of the five-nation grouping BRICS that the "choices" they make now will shape the future of the world at large.
"A recent Columbia University study that supports that death is prevented by earlier lockdowns bears the fact that Narendra Modi's government has done an excellent job in clamping lockdown," Tennessee-based Dr Indranill Basu Ray said in a statement.
