In a tectonic shift in the global economic centre of gravity, the size of India's economy would grow to 90 per cent of the United States by 2050, with China becoming even bigger than the US, according to a PricewaterhouseCoopers report. The global advisory firm projected that Brazil seems likely to overtake Japan by 2050 to move to the fourth place, while Russia, Mexico and Indonesia all have the potential to have economies larger than those of Germany or the UK by 2050.
Continuing its aid to cyclone-affected Myanmar and quake-hit China, India will fly out three aircraft with relief materials to the two neighbouring countries this week. An Indian Air Force's heavylift fixed wing IL-76 aircraft will leave for Yangon on Wednesday. This will be the sixth IL-76 flight to Myanmar.Till date, the IAF has flown over 15 mercy missions and carried over 300 tonnes of medicines, tents, water, wheelchairs, portable houses and other relief material.
'Chinese real GDP growth is 7.1% and India's is 7.4%'.
Enters joint venture with Pune-based Unique Delta Force Security
In a strong message to China, India and ASEAN on Thursday called for a "full and effective" implementation of the understanding between the parties involved in the South China Sea dispute, while stressing on maritime security and freedom of navigation in the critical sea lanes.
The bilateral relations have maintained sound momentum of growth, thanks to the mutual visits of the leaders by the two countries, Chinese foreign ministry said.
China on Tuesday dismissed reports of fresh incursions by its troops into India as "routine patrolling" and asserted that both countries have a very effective and smooth mechanism to handle border incidents.
The emerging markets in Asia - China, India, Indonesia, Malaysia, the Philippines, Thailand and Vietnam - are accounting for an increasing percentage of the IT spending in the healthcare industry. These markets, especially powered by China, account for 59 per cent of the $3.4 billion IT spending in healthcare in Asia (excluding Japan) in 2007, with their share expected to increase to 64 per cent of the spending by 2010, Springboard Research, an IT Market Research firm said.
China also welcomed the recent statement made by External Affairs Minister Pranab Mukherjee in Bangkok.
While officials in Austria and Bolivia denied Snowden's presence after France and Portugal refused to let it cross their airspace, an irked Bolivian Foreign Minister David Choquehuanca said that the authorities do not know who raised the false alarm adding that Bolivia denounces to the international community this injustice with the President's plane, Fox News reports.
Operationalisation of a new border defence agreement to deal with recurring troop incursions along the LAC besides improving defence ties, is expected to top the agenda of General Bikram Singh as he starts a rare visit by an Indian army chief to China from Wednesday.
Three such funds have been launched recently, more are in the pipeline.
India was the second largest filer of international trademark applications among the BRICS nations in 2014.
The greatest challenge before India is how to strike a fine balance of its relationship between its neighbour and strategic rival China, and the US.
'India stands to gain immensely by forging a developmental partnership with China.' 'While through sustained strategic communication there is scope to steadily expand the commonality of interests between the two countries.' 'This is also a practical way to ensure that differences do not get over-magnified and become disputes,' says Ambassador M K Bhadrakumar.
It is the first meeting between the two leaders after India boycotted the high-profile Belt and Road Forum.
The world's biggest industrial conglomerate General Electric is undeterred by a slowdown in the US economy as the group expects any weakness in the home market to be offset by fast growing sales in countries like India and China. Unfazed by the weakness triggered by the subprime credit crisis, Immelt said: "outside the US, particularly in China and India, economies appear strong. In the world as a whole, there is still a lot of liquidity."
Against the backdrop of recent incursions by the Chinese troops, India and China on Saturday held a flag meeting in eastern Ladakh where the Indian side is understood to have raised concerns over detention of its nationals by the People's Liberation Army.
Reacting cautiously to India's second launch of ballistic missile Agni-V that has a strike range of over 5,000 km, China on Monday said both sides should make concerted efforts to enhance political trust and asked the media to play a more conducive role to improve bilateral ties.
Along with the US and China, India could be a big enough force in global manufacturing
Significantly the meeting of Pakistan's envoys included its Ambassador from Iran, which according to recent reports has begun building a concrete wall along its border crossings.
With China reacting sharply to government's plans to construct a border road in Arunachal Pradesh, Home Minister Rajnath Singh on Thursday sent a strong message, asserting that no one can warn India.
Besides the G-8 meet being held at the Baltic sea resort at Heiiligendam, the prime minister will also attend the summit of five outreach countries from the developing world -- Brazil, China, India, Mexico and South Africa.
India will emphasise the need on not to lose sight of the universally accepted principle of common but differentiated responsibility between developed and developing countries on issues relating to climate change, Prime Minister Manmohan Singh said.
China's state-run media on Saturday reiterated the country's claim on Arunachal Pradesh, contending that the area is under "illegal Indian occupation".
'By crudely dragging the topic into the bazaar to flog it for momentary pleasure, we turned it into a dead carcass by the time Modi even got back from Xiamen,' says Ambassador M K Bhadrakumar.
In India, water shortages are particularly serious simply because the margin between actual food consumption and survival is so precarious.
Countries like India and China would have to be engaged if the World Bank has to successfully address the issue of poverty, president of the Bank Robert Zoellick has said, brushing aside arguments that the portfolios of these countries needs to be reduced due to their strong foreign exchange reserves.
ICICI Bank on Sunday said there is also enough space for Chinese banks to play a complementing role in the India.
There is enough scope for India and China to cooperate on nuclear energy issues despite the lingering issues which not only includes the Sino-Pakistan nexus, but also the Sino-India border dispute over the LAC, says Debalina Ghoshal.
Defence Minister Arun Jaitley leaves for Tokyo on Sunday evening for a security dialogue with Japan, a visit that acquires huge significance after North Korea's hydrogen bomb test on Sunday morning.
Kasuri also sounded optimistic over the recent foreign secretary level talks between India and Pakistan.
Modi is practical person... If he comes in, he will revive the economy and create jobs, says Sanjay Suri.
iPhone sales in June quarter dropped 35% even as smartphone market grew 19%
Buoyed by favourable policies, India has emerged as the fourth largest destination in Asia for foreign direct investment, attracting over Rs 20,000 crore (Rs 200 billion) within the first six months of the current fiscal year.
The US understands that China, India, Brazil cannot afford to sacrifice their economic growth at the altar of cutting back greenhouse gas emissions.
Indian men and women experienced contrasting fortunes at the World Team Table Tennis Championships as the former blanked Nigeria 3-0 but the eves went down 2-3 to Australia.
Business is growing fast and continues to draw investment, but making big bucks in a country smitten with small cars won't be easy.
A joint venture agreement between GAIL (India) Limited and China Gas Holdings Limited to foray into natural gas
India's industrial output unexpectedly contracted 4.2 percent year-on-year in October, dragged down by a fall in the manufacturing and the capital goods sector, government data showed on Friday.
