Amid demands for snapping trade ties with China for its transgressions on the border, former Niti Aayog vice chairman Arvind Panagariya has opined that cutting trade with Beijing at this juncture would amount to sacrificing India's potential economic growth. Instead, Panagariya suggested that India should try to enter into free trade agreements (FTA) with countries such as the UK and the European Union to expand its trade. "Engaging China in a trade war at this juncture will mean sacrificing a considerable part of our potential growth... purely on economic grounds, it will be unwise to take any action in response to it (transgressions on the border)," the eminent economist told PTI.
It is hard to escape the feeling that solving the problems of 2020 and 2021 will require something special which at the moment is not on view, observes Aakar Patel.
India tops the list of countries with the highest number of fastest-growing companies.
Transnational companies accounted for a quarter of the world's GDP1 in 2010.
From being ranked at 56 last year, India now stands at 62, according to INSEAD and Confederation of Indian Industry (CII) and global business school INSEAD.
China's economy picked up pace notching up 7.4 per cent year on year growth in the first half of 2014, the National Bureau of Statistics (NBS) said on Wednesday.
Let's look at 10 well-known nations that have GDP less than the price Facebook paid for the chat service.
As the United States and China joust for supremacy, India might remain on the sidelines with its limited resources.
Recently, The World Bank has come up with the latest figures on the wealthiest countries in the world.
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