The Confederation of Indian Industry on Monday proposed a 5 per cent cess to develop railway infrastructure and exuded confidence that 7-8 per cent GDP growth was achievable in the next decade.
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.
Xi's visit to Nyingchi, bordering Arunachal Pradesh, signals China's opening of another front to India in the eastern sector, observes Srikanth Kondapalli, the leading China expert.
A top supercomputer expert said productivity per employee at India's celebrity companies like TCS, Infosys, Wipro and Satyam was almost a factor of ten lower than some top IT companies elsewhere in the world.
Exemptions, and the fact that farm income is outside the tax net, ensure that India's tax-GDP ratio stays low.
Greece is not the only country that is feeling the pain of rising external debt.
We will improve the ease with which business is done in India.
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.
In a letter to Speaker of the US House of Representatives Nancy Pelosi, Trump said he was determined that New Delhi had "not assured" the US that it would "provide equitable and reasonable access" to the markets of India.
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.
S&P in November ruled out an upgrade in the country's rating for some considerable period, citing India's low per capita GDP and relatively high fiscal deficit.
The J&K report card above that shows important metrics for the state.
Here's why India's tax collection has not been able to keep pace with the rise in GDP.
Here's why India's tax collection has not been able to keep pace with the rise in GDP.
Dismissing the CSO (Central Statistical Organisation) projection of 4.4 per cent GDP growth this fiscal, Planning Commission member N K Singh said the economy will grow by six per cent this year.\n\n\n\n
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.
Analysts expect firms to shift focus to online platforms to boost sales in these Covid-19-impacted times.
The country ranks 41st in number of tourists received but 1st in per-capita spend by them.
The global ratings agency keeps India's sovereign rating unchanged at 'BBB-' with stable outlook
Policymakers need to work towards raising the median household income rather than per capita income.
India loses due to population despite being the 10th largest economy.
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.
A report card titled '10 Years of Progress and Growth' highlighting achievements of the government led by Prime Minister Manmohan Singh on Friday said 'average GDP growth rate during the period of UPA government (2004-05 to 2013-14) has been 7.7 per cent despite two global slowdown in this period'.
According to experts, work from home, volatility in stock markets worldwide, and redemption pressures compelled investors to defer new investment plans.
Let's have a look at 20 slowest-growing cities in the world.
The national poverty rate is 14.7 percent.
According to VNI, Internet traffic in India is projected to jump by over five fold between 2013 to 2018.
'You cannot take success for granted.' 'That's the most important lesson that you learn being an entrepreneur.'
Sikkim Chief Minister Pawan Kumar Chamling has promised to make every Sikkimese a 'crorepati' if he or she votes for his Sikkim Democratic Front in the April 12 Lok Sabha election, inviting criticism from his opponents.
'Internet, healthcare and life insurance are a few sectors which offer solid long-term decadal potential.'
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.
Plans to enter the Southeast Asian market through acquisition.
Energy consumption in Saudi Arabia is witnessing an unprecedented growth, prompting a wave of investments expected to reach $133 billion (502.5 billion Saudi riyals) for various power generation and water projects in the next decade, organisers of an industry event said.
Food insecurity and hunger are rooted in bad policies, faulty design, poor governance and a lack of political will.
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.
With its rising energy needs, India has emerged as the fourth largest energy consumer of the world after the US, China and Russia.
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 is home to one third of the world's poor, yet the government claims that poverty has fallen.
Among households headed by someone who entered the US since 2000, only one-fourth were owned.
Though Indian-Americans have the distinction of being the highest-per capita income group among ethnic communities, they lag far behind their European counterparts when it comes to owning a house in the US.
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