India's economic growth slipped to 6.7 per cent in '09, mainly on account of the impact of the global financial meltdown that started in the US in 2008.
Nath, who is leading the Indian delegation at the annual World Economic Forum meeting in Davos, also said that even the US or Europe would not have seen as many reforms that happened in India.
Actor, filmmaker Nandita Das was named as the Global Young Leader by World Economic Forum. She speaks about the rural-urban divide amongst India's youth, their aspirations and their dreams, their struggles and challenges in the 21st century.
"Outsourcing is also a concern and I hope it will be addressed soon," Godrej Group Chairman Adi Godrej told reporters on the sidelines of the World Economic Forum on India in Gurgaon.
The India Today group said on Monday it would launch an English language daily in New Delhi early next year.
As the shadow of governance deficit and corruption back home threatened to lengthen behind the glorious Davos sun, India's image managers launched a spirited damage control exercise on the penultimate day of the World Economic Forum (WEF).
Hopeful of launching flights in India in next 2-3 months, Air Asia chief Tony Fernandes says that the airline would introduce 'dramatically' low fares in the country, which would be cheapest in the market and take air travel to masses.
A day before the informal meeting of the WTO, India, China and South Africa on Friday said the developing countries are being asked to further open their markets without any reciprocity from the rich nations, as per the draft proposals for a multilateral agreement.
Union Minister of Commerce and Industries Kamal Nath, would lead a high powered team to Davos in Switzerland sources in the government of India said in an informal chat with rediff.com.
'Price spike shaved 1 percentage point off GDP growth'.
If the government has its way, the catchy 'Incredible India' tourism campaigns will be spotted in big ticket events like Oscar and Grammy awards.
After rating different factors, the World Economic Forum's new Travel & Tourism Competitiveness Report 2007 has ranked India as low as 65 among a total of 124 countries.
A World Economic Forum report on Tuesday said that India will face huge skills gaps in some job categories due to low employability over the next 20 years and also warned of a looming global labour crisis.
In economic terms the gap is 39.8 per cent, while educationally Indian women trail at least 81.9 per cent behind the men, in terms of health the gap is at a huge 93.1 per cent, while political participation gap lies at 22.7 per cent.
India has slipped six places in a list of the world's most competitive nations, with the World Economic Forum on Wednesday ranking the country at 48th position in its 'Global Competitiveness Index 2007'.WEF has ranked India ahead of China on an accompanying list of 'Business Competitive Index', published for the first time. India has been placed at 31st rank, as against 57th for China on this list.
India has been ranked in the bottom half among 134 countries in terms of gender equality, in WEF's latest ranking that assessed the distribution of resources and opportunities among males and females.
India needs to recognise and address challenges posed by its dependence on China for critical minerals and examine the implications of phasing down coal on bank balance sheets as it accelerates its green transition, the government's Economic Survey 2023-24 tabled in Parliament on Monday said. As part of its national plan to contribute to meeting the global goal of limiting the average temperature rise to 1.5 degrees Celsius, India has committed to reducing emissions by 45 per cent below 2005 levels by 2030, achieving 50 per cent cumulative electric installed capacity from non-fossil fuel-based energy resources, and creating a carbon sink of 2.5 to 3 gigatons of CO2 equivalent through additional forest and tree cover.
Trump's sweeping tariffs and penalties on China-built ships have turned global shipping into the front line of economic war, observes Shyam G Menon.
DiPiazza's visit coincides with Price Waterhouse suspending two of its partners -- S Goplakrishnan and Srinivas Talluri -- who worked on the accounts of scam-hit Satyam Computer Services and were arrested last week.
India is keen to strengthen its partnership with Russia on Arctic subjects and there is immense scope for cooperation in the field of energy as well, Prime Minister Narendra Modi said.
The government asked digital platforms to provide technical and business process solutions to prevent and weed out misinformation that can potentially harm society and democracy, Union Minister Ashwini Vaishnaw has said.
India was ranked 50 among 127 countries which were evaluated by the World Economic Forum (WEF) for their 'network readiness'. Last year, it was ranked 44 out of 122 countries. Thus, the country has slipped four places in a constant sample from 200607.
Amazon has reclaimed the top spot as the world's most valuable brand despite its brand value falling 15 per cent this year from $350.3 billion to $299.3 billion, said a new report. According to brand valuation consultancy Brand Finance's report, "Global 500 2023", while Amazon is back at No 1, its brand value has fallen by over $50 billion this year, with its rating slipping from AAA+ to AAA. This is as consumers evaluate it more harshly in the post-pandemic world. Brand Finance's research has found that perception of customer service at Amazon has fallen - at the same time as delivery times have lengthened.
India has the lowest percentage of women employees (23%), followed by Japan (24%), Turkey (26%) and Austria (29%), according to the Corporate Gender Gap report brought out by the World Economic Forum on Monday.
A nation touted at places like the World Economic Forum in Davos a few years ago as an economic superpower in the making is only just beginning to address the problem that only 27 per cent of children in class 5 in its village schools can subtract.
Projecting India as the land of biggest opportunities globally, Prime Minister Narendra Modi on Saturday promised the business sector facilitation, reforms, a stable policy regime and high growth. Addressing the ET World Leaders Forum, Modi, in turn, asked investors to commit to innovation, performance, positive disruption and high-quality products, as he stressed that the country respects wealth creators.
In the ongoing World Economic Forum, Kamal Nath asserted that US recession will not slow down India's economic growth.
It will be like Ghar ka Swad Davos mein for the PM.
Citigroup Inc, the largest US bank, has asked India to liberalise its financial services sector, saying it would help the country maintain and improve over eight per cent GDP growth.
Singapore is the world's most successful economy in exploiting ICT developments; US fifth, China 41st.
China moved to 100th place, down from 80th last year, while Pakistan and Nepal were at 126th position. Bangladesh was 145th and Bhutan 30th in the ranking.
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