India is poised to be the third largest global economy by 2030 but rising population presents mounting challenges in basic service coverage and growing investment needs to maintain productivity, S&P Global Ratings said on Thursday. It said emerging economies have high ambitions for the next decade and beyond with India aiming to become a $30 trillion economy by 2047, from the current $3.6 trillion. India is currently the fifth largest economy.
The Knight Frank Global House Price Index rose by 0.9 per cent in the year to March 2012. Knight Frank is a global residential and commercial property consultancy.
'Unless the economy is sound in the country how can only three movies collected so much business in a single day?'
India is among the worst-performing BRICS nations along with Brazil (ranked even lower than India at 71st this year).
Data and measurement company Nielsen Sports which ranked 30 countries according to the percentage of the population who described themselves as interested in football, showed that UAE tops list of soccer crazy nations.
Summary of sports events and persons who made news on Wednesday.
India has been ranked as the world's biggest outsourcing destination.
Prime Minister Narendra Modi hailed as "historic" the jump.
The world is home to a record number of 2,089 billionaires.
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