However, if the rupee depreciates much, the economy in dollar terms would be that much smaller.
Indian-American business leader Ajay Banga is poised to become the next President of the World Bank after the nomination period closed and no country proposed an alternate candidate for the prestigious post. In February, President Joe Biden announced that the US would be nominating Banga to lead the World Bank because he is "well equipped" to lead the global institution at "this critical moment in history." The World Bank on Wednesday closed a month-long window for nominations for its next president, with no alternatives announced to 63-year-old Banga.
'Similar to the case of the digital payment system where the government created a public platform and others joined in, we are exploring a similar structure to create a PPP platform where the compute required for AI could be accessed by the small player.'
From the Sensex pack, Infosys jumped the most by 3.67 per cent. Asian Paints, HCL Technologies, Reliance Industries, ICICI Bank, Wipro, NTPC, Tech Mahindra, Bajaj Finserv and Larsen & Toubro were among the other major gainers. State Bank of India, Bajaj Finance, Titan, Tata Steel, Tata Motors and UltraTech Cement were among the laggards.
'Demchock and Chumar are important crucibles for both China and India to know about the other. While India 'learns,' she also need to 'teach,' suggests Lieutenant General Anil Chait, one of the Indian Army's most cerebral thinkers, who recently retired as chief of the Integrated Defence Staff.
'You know the kind of force involved in all of this. They are not good for the country where all of this will happen.'
Arvind Subramanian talks about US and China's power play and where India figures in these dynamics.
Modi is visiting the African country from August 22 to 24 at the invitation of South African President Cyril Ramaphosa. South Africa is hosting the first in-person summit of BRICS comprising Brazil, Russia, India, China, and South Africa, since 2019.
The RBI interest rate decision, industrial production data for June and the ongoing quarterly earnings from corporates would largely drive the stock markets this week, analysts said. Other major factors such as global market trends, the movement of oil prices and the trading activity of foreign investors would also influence trading, they added. "The market will have an eye on the RBI Monetary Policy Committee (MPC) meeting, which will be announced on August 10, 2023. We are heading towards the last batch of Q2 earnings of key companies such as Adani Ports, Coal India, Hero MotoCorp, Hindalco and ONGC, among others, which will lead to stock-specific movement," said Pravesh Gour, senior technical analyst, Swastika Investmart Ltd.
It is difficult to recall an Indian minister in modern times pushing back at the US publicly, observes Ambassador M K Bhadrakumar.
A US Congress-constituted quasi-judicial body on Monday recommended to the Biden Administration to designate India, China, Pakistan, Afghanistan and 11 other nations as "country of particular concern" in the context of status of religious freedom.
Nepal raised objection to India's newly-inaugurated road linking Lipulekh Pass with Dharchula in Uttarakhand.
This will be the first visit of Mukherjee to China as President though he has visited the country a number of times in different capacities. The last Presidential visit to China was by Pratibha Patil in 2010.
'We seem to be in a situation where we can do little, and nothing needs to be done anyway.'
'This action sends out a very nasty message in a very strong way -- that nobody is exempt.' 'It is also an attempt to extend the definition of who is an anti-national, who's a terrorist, a definition that's becoming looser under this regime.' 'The sad part is that by the time the courts acquit those arrested, they would've spent years in jail and been taught a lesson.'
It would be a difficult task for the Indian economy to reach the $5-trillion mark a year before the International Monetary Fund (IMF) projection of 2026-27. Pankaj Chaudhary, minister of state for finance, said in the Rajya Sabha on Tuesday that the government is taking steps to make the country a $5-trillion economy at a date earlier than the IMF's projection. In that context, it would not be difficult to meet the projection in the third quarter of FY27.
The USS John Paul Jones acted like a dog marking the lamp post, observes Ambassador M K Bhadrakumar.
The US wants to split Sino-India ties, says the Chinese media.
