Carved out of southern Bihar as a new state on November 15, 2000, Jharkhand has been plagued by adverse conditions -- low average income, high incidence of poverty and little social development because of political instability -- there have been seven government changes.
According to a study -- Global Growth Generators: Moving beyond 'Emerging Markets' and 'BRIC' -- conducted by global financial giant Citi, India will emerge as the world's number one economy and have a per capita GDP of $40,000 by the year 2050.
'In the long run, the boost to farmers' incomes must come from technological breakthroughs,' says Pratap S Birthal and Digvijay S Negi.
'Internet, healthcare and life insurance are a few sectors which offer solid long-term decadal potential.'
According to experts, work from home, volatility in stock markets worldwide, and redemption pressures compelled investors to defer new investment plans.
The going is not going to be easy for the DMK and its allies in Elections 2024. Despite the seats sweepstake in the 2021 assembly polls, the vote-share difference of 5.6% (DMK's 45.38% versus AIADMK-BJP's 39.72%) is not insurmountable on a bad day, points out N Sathiya Moorthy.
India is among the top five Asia Pacific countries in terms of total private wealth held, but at the bottom in terms of per capita income.
After a contraction in the current financial year, India's economy is forecast to bounce back with a sharp growth rate of 9.5 per cent next year provided it avoids further deterioration in financial sector health, Fitch Ratings said on Wednesday. The coronavirus pandemic will lead to shrinking of the already slowing economy in 2020-21 that started in April. Fitch Ratings forecast a 5 per cent contraction in the GDP in the ongoing financial year.
As per Delhi Government's report on 'Household Consumer Expenditure' released today, the monthly per capita expenditure of urban population has increased from Rs 1,972 in 2007 to Rs 2,078 in the year 2008 -- topping all the States and Union Territories.
There seems to be no dearth of funds to fuel this growth, report Peerzada Abrar and Shivani Shinde.
In a letter to Speaker of the US House of Representatives Nancy Pelosi, Trump said he was determined that New Delhi had "not assured" the US that it would "provide equitable and reasonable access" to the markets of India.
'Indian entrepreneurs became traders for Chinese goods rather than producers of goods.'
India has been ranked seventh in the list of top 10 wealthiest countries in the world, which was topped by the United States.
Delhi gets more water than Paris, according to a report of the Planning Commission. If the national average water supply for cities is 140 litres per capita, Delhiites guzzle 240 litres per capita. But Delhi, which empties the river Yamuna as it enters the city to fulfill its water needs, says it is facing a water shortage of the intensity of a crisis.
'You cannot take success for granted.' 'That's the most important lesson that you learn being an entrepreneur.'
China on Friday hiked its defence budget to $209 billion, maintaining a single-digit growth for the sixth consecutive year with a 6.8 per cent increase in 2021.
Though power reforms are the most important item on the government's agenda, it often leads to face-offs between the Centre and states.
Growth in the Asia-Pacific region will be low, the aqency said
Despite having the highest per capita income in the country, most city dwellers are unable to purchase a decent accommodation.
India's economy has bounced back amazingly from the Covid-19 pandemic and nationwide lockdown over the last one year, but it is not out of the woods yet, according to the World Bank, which in its latest report has predicted that the country's real GDP growth for fiscal year 21/22 could range from 7.5 to 12.5 per cent.
'Our stable outlook currently points to the fact that the ratings are likely to remain stable for the next couple of years.'
India's public debt ratio, which remarkably remained stable at around 70 per cent of the GDP since 1991, is projected to jump by 17 percentage points to nearly 90 per cent because of increase in public spending due to COVID-19, the IMF said.
There is lack of scientific basis in computing the poverty line, says govt.
The individuals and HUFs are seeking effective reduction in tax incidence through hike in threshold limit of income tax exemption, restoration of standard deduction, increase in exemptions U/s 80 C etc
The really disturbing numbers relate to inequality.
The US has the distinction of destroying a flawed but functioning State thrice since 1979. Pakistan has been their constant accomplice, explains Shekhar Gupta.
Asked about the report, MEA spokesperson Anurag Srivastava said, "The political judgements of Freedom House are as inaccurate and distorted as their maps."
The monthly income of an average Indian for the first time in the country's history has crossed Rs 3,000, thanks to economic reforms and a high growth rate of above 9 per cent achieved for three years since 2005-06.The per capita income, a measure of average income of a citizen, went up 12.2 per cent to Rs 37,490 per annum during 2008-09, said the advance estimate for national income released by the Central Statistical Organisation (CSO) on Friday.
'Uttar Pradesh, our largest state by population and the most powerful, is also the worst governed.'
The US is a wonderful example of how a political party with minority support can cling to power for decade, notes Devangshu Datta.
Let's take a look at per capita consumption of ice cream around the world, including India.
The global ratings agency keeps India's sovereign rating unchanged at 'BBB-' with stable outlook
Exemptions, and the fact that farm income is outside the tax net, ensure that India's tax-GDP ratio stays low.
New York, the financial capital of the world, has emerged as the epicenter of the pandemic. More than 14,000 people have died in the city and over 2,00,000 lakh people have tested positive so far. Neighbouring New Jersey has more than 78,000 cases and 3,800 deaths.
'Should you give a man fish, or teach him how to fish?' 'Lurking hidden in the new bout of welfarism seems to be an admission that the State can't deliver for the poor anything other than cash,' notes T N Ninan.
Despite being a neighbour, Pakistan has never accounted for more than 2 per cent of India's total exports, and its share in India's total imports is less than 1 per cent. On the other hand, bilateral trade between India and Bangladesh has increased five times.
'Modi-Shah have understood the risks their cynical mixing of domestic political motivations with strategic national interests was soon going to become counterproductive asserts Shekhar Gupta.
The Jharkhand report card that shows important metrics for the state.
S&P in November ruled out an upgrade in the country's rating for some considerable period, citing India's low per capita GDP and relatively high fiscal deficit.
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