But logs in slower rate of growth at 13.7 per cent opposed to 17.1 per cent previous year.
There is a vocal constituency of educated, well-to-do, articulate Indian elites who would rather go with the idea that too much democracy is a liability. That India needs a spell of benevolent dictatorship. Of course, they have never lived under one, points out Shekhar Gupta.
Average salary has grown faster than average business income for three of the last five years. This has implications in a country like India. Most people in India are self-employed, with 51.4% of the population falling in that bracket.
Bank of America (BofA) Securities expects India to be the third-largest economy in the world by 2031. The economic rise could become a reality by 2028, but the Covid pandemic delayed the pace, BofA Securities economists Indranil Sen Gupta and Aastha Gudwani wrote in a report.
As many as nine crore people would be out from the state of abject poverty in next 5 years if India could stop inequality from rising and levy a nominal tax on the super riches to narrow the rich and poor divide, a report said.
The earlier forecast expected to see 654 million working Indians overall by the fiscal year ending 2022.
According to a government survey released for 2011-12 on household consumer expenditure, "The poorest 10 per cent of India's rural population had an average monthly per capita expenditure of Rs 503.49 per month."
The going is not going to be easy for the DMK and its allies in Elections 2024. Despite the seats sweepstake in the 2021 assembly polls, the vote-share difference of 5.6% (DMK's 45.38% versus AIADMK-BJP's 39.72%) is not insurmountable on a bad day, points out N Sathiya Moorthy.
The study, published in the journal Science on Wednesday, assessed the disease transmission patterns in 5,75,071 individuals exposed to 84,965 confirmed cases of COVID-19 in the two states based on data collected by tens of thousands of contact tracers.
The spending on a typical RT-PCR test would take up 23 per cent of the monthly income of an average Indian, compared to 2 per cent in China. This is one of the deepest cuts in the pocket of an individual, in comparison to 14 other countries, reports Abhishek Waghmare.
A record number of 2,129 of Americans died in one single day, the previous highest being 2,074 on April 10. New York has become the epicentre of the country's outbreak with 2,03,020 confirmed cases and 10,842 deaths so far.
As India reels from a severe water shortage, startups have begun offering innovative ways to help people access safe drinking water.
India might be heading towards a "serious livelihood crisis" as the situation seems to be worse this time for the working class amid the COVID crisis and local restrictions by states already add up to something close to a nationwide lockdown, according to noted economist Jean Dreze. In an interview to PTI, he also said the government's target to make India a $5 trillion economy by 2024-25 was never a "feasible target" and was just to pander to the "super-power ambitions" of the Indian elite. About the impact of the second wave of COVID on the Indian economy, the eminent economist said the situation today is not very different from what it was around this time last year as far as working people are concerned.
India's economic success is powered by these states.
Sidbi acquires Ahmedabad-based start-up at hefty premium; founders deny link to govt.
Shrug off the yoke of the imperialism of Delhi. That is why the DMK manifesto offers what it offers: The promise that Tamil Nadu will, one day, become an independent republic, notes Aditi Phadnis.
Make in India and Swacch Bharat initiatives are going to have tremendous impact on the Home and Personal Care industry.
In urban India, the fall in rice consumption was 0.2 kg per person per month.
Analysts expect firms to shift focus to online platforms to boost sales in these Covid-19-impacted times.
The donation by Tata Sons and Trusts is the biggest sum committed by a corporate and its philanthropic arm since the outbreak of Covid-19. Others, including Reliance Foundation, Mahindra Group, Bajaj Group, and ITC, are lending support too in the battle against the pandemic.
India should focus on how many are living below the poverty line, says Professor of Global Strategy Pankaj Ghemawat.
'Internet, healthcare and life insurance are a few sectors which offer solid long-term decadal potential.'
Rediff Labs investigates the link between environment and economy in countries around the world.
The policy lesson from the complex relationship between income growth and well-being is to accelerate growth.
The above map shows the highly consumed meat varieties all over the world from 1991 to 2015.
According to experts, work from home, volatility in stock markets worldwide, and redemption pressures compelled investors to defer new investment plans.
These nations have faced adversities like consequence of poverty, genocide, years of war, lack of natural resources, poor farm management, and limited access to clean water and health care.
Competitiveness helps states catch up with each other.
Infosys aims to commission 55 MW of solar plants by end of 2016.
'In the long run, the boost to farmers' incomes must come from technological breakthroughs,' says Pratap S Birthal and Digvijay S Negi.
'I often see people try to put down China.'
This year's projected increase in per capita (in dollar terms) is nearly double the average 13 per cent growth between 2003-04 and 2006-07.
Per capita availability of milk in India is lower than the world average.
Carved out of southern Bihar as a new state on November 15, 2000, Jharkhand has been plagued by adverse conditions -- low average income, high incidence of poverty and little social development because of political instability -- there have been seven government changes.
There seems to be no dearth of funds to fuel this growth, report Peerzada Abrar and Shivani Shinde.
According to a study -- Global Growth Generators: Moving beyond 'Emerging Markets' and 'BRIC' -- conducted by global financial giant Citi, India will emerge as the world's number one economy and have a per capita GDP of $40,000 by the year 2050.
After a contraction in the current financial year, India's economy is forecast to bounce back with a sharp growth rate of 9.5 per cent next year provided it avoids further deterioration in financial sector health, Fitch Ratings said on Wednesday. The coronavirus pandemic will lead to shrinking of the already slowing economy in 2020-21 that started in April. Fitch Ratings forecast a 5 per cent contraction in the GDP in the ongoing financial year.
India is among the top five Asia Pacific countries in terms of total private wealth held, but at the bottom in terms of per capita income.
China on Friday hiked its defence budget to $209 billion, maintaining a single-digit growth for the sixth consecutive year with a 6.8 per cent increase in 2021.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances