Prime Minister Narendra Modi's goal of making India a high-income economy by 2047 is unlikely to be achieved, but the country should become an upper middle-income nation by then, Financial Times chief economics commentator Martin Wolf said on Friday. Wolf further said that India would also become a superpower by 2047. "India wishes to become a high-income country by 2047.
US financial sector not only dominates the US economy, it also in effect controls the US politics, policies and programmes.
The grouping has influenced China, but Germany will be more difficult.
Any lingering hopes that some parts of the world economy, particularly the fast-growing emerging markets such as China, would remain immune to the crisis were snuffed out
In 2008, the danger facing most of us is having too much rather than too little anxiety.
As with the Spanish flu, the world must be ready for a second and third wave as this start-stop-start-stop response plays out, recommends Rahul Jacob.
Substantial gains can still be made with good policies and initiatives.
It is a wonder how pervasive and long-lasting the damage can be from a balance-sheet crisis, says Suman Bery.
The IMF's predictions for India's near-term growth may seem rosy, but the usual caveats apply - that is, we are apt to under-perform.
Mark Tully on the India he loves.
'India should think big: About how in a multi-polar world, India can indeed be one of the poles, rather than being a secondary power that has to worry about 'alignment' with one of the poles. A G3 in other words, India should look to getting others to align with itself rather than the US or China,' says Rajeev Srinivasan.
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