The United Kingdom extracted USD 64.82 trillion from India over a century of colonialism between 1765 and 1900 and USD 33.8 trillion of this went to the richest 10 per cent -- enough money to carpet London in notes of 50 British pound almost four times over.
Musk said on Friday that he believes India-US ties are "trending positive" and that he favours an enhanced trade partnership between the two nations.
Top 10 trends for 2015 are deepening income inequality; jobless growth; lack of leadership; rising geostrategic competition; weakening of representative democracy; rising pollution in developing world; rising occurrence of severe weather events; intensifying nationalism increasing water stress and growing importance of health in the economy.
The report by worldwide development organisation Oxfam details the impact that widening inequality is having on the world economy.
While the top 10 countries in the list continue to be dominated by European nations, India dropped 5 places from 51 to rank 56 in the latest list.
Reminiscent of desi culture, a hotel staff was serving tea in normal glasses while standing next to a bicycle.
Singapore is the world's most trade-friendly economy, the World Economic Forum said in a study. The WEF's Global Enabling Trade Report 2009 measures and analyses factors enabling trade in 121 industrialised and emerging economies around the world.
India's scores low due to poor quality of its political, regulatory, and business environment.
Countries are competing against each other to attract businesses and tourists.
Putin's remarks came within two weeks after Prime Minister Narendra Modi's historic visit to Ukraine where he held talks with President President Volodymyr Zelenskyy.
'When so many young Baloch men and women are willingly volunteering as fighters and even suicide bombers.'
Countries all across the world are competing to attract business and tourists.
Dr Manmohan Singh first embossed himself on the national consciousness when as India's finance minister he flagged off economic reforms which changed this nation forever.
'The startup ecosystem, the government, and the owners of large pools of Indian capital need to actively support the creation of these local champions, not pull down the teams that are trying hard to get there.'
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.
A report by the Switzerland-based World Economic Forum for the year 2011-12 says that many Asian countries have better and more modern infrastructure than the United States.
The USTR report, released just ahead of the US' April 2 deadline for implementing reciprocal tariffs, has also cited high tariffs and price caps, which have not increased in line with inflation, as key obstacles for US businesses.
As the world grows together, it is also growing apart, states the World Economic Forum's new Global Risks Report.
Vibrant financial markets and a sound banking sector has helped Indian economy move up a notch to 49th place on the global competitive scale, while Switzerland has toppled the United States as the top-ranked nation, the World Economic Forum said on Tuesday.
The impact of the parting of ways between Geneva-based World Economic Forum and CII was felt on the ground when president of the industry chamber Adi Godrej was prevented from entering a discussion hall.
Two Indian-origin companies -- Gurgaon-based Vihaan Networks Ltd and Sunnyvae, California-based Bloom Energy -- along with Twitter, are among the 26 companies selected as Technology Pioneers in 2010 by the World Economic Forum on Thursday.
The countries ranked below India include Bahrain, Cameroon, Burkina Faso, Iran, Oman, Egypt, Turkey, Morocco, Benin, Saudi Arabia, Nepal, Pakistan, Chad and Yemen with the lowest gender equality of 45.1 per cent.
India has dropped a place in the latest global ranking of most competitive nations by World Economic Forum.
Nearly 100 government heads and business leaders from the Middle East region attended the five-day summit, participating in panel discussions on topics as wide-ranging as Sovereign Wealth Fund management to sustainable development.
The summit would be held from November 4-6.
The World Economic Forum will develop a composite index to rank the growth and business competitiveness of countries, its chief economist and director Augusto Lopez Claros said on Monday.
'While my generation carries with it the memory of the Chinese perfidy of 1962, this generation will carry the memory of Chinese perfidy in Galwan.'
The initiative, whose founding partners also include Accenture, CA Technologies, Cisco, Cognizant, Hewlett Packard Enterprise, Pegasystems, PwC, Salesforce and SAP, aims to bring competitive training content together on one platform to serve the greater good.
Former RBI governor Raghuram Rajan on Tuesday said it is too premature to think that India will replace China when it comes to influencing global economic growth. However, the situation may change going forward as India is already the world's fifth largest economy, it is growing and has the potential to keep expanding. At a World Economic Forum (WEF) press briefing on the recently released Chief Economists Outlook that saw majority of them expecting a global recession in 2023, Rajan said any recovery in the Chinese economy would definitely boost the global growth prospects.
Even as the Indian economy booms seemingly on steroids, in the area of global competitiveness it has slipped two positions from 49th to 51st this year, despite a small improvement in its score.
The Global Gender Gap Review reveals India's dismal position. Out of 134 countries surveyed, India is among the lowest ranked countries at the 112th position, with a score of 0.6155.
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