S&P expects India to grow at 7.4 per cent in 2015, similar to the central bank's forecast for the fiscal year ending in March.
The average assets of an MP are now 345.8 times that of an annual income of a tax-filing individual, reports Sachin P Mampatta.
The Planning Commission on Thursday unveiled a Vision 2020 document envisaging 100 per cent literacy, no unemployment and poverty and quadrupling the per capita income of the country by 2020 saying.
Hooda said he accepts the decision taken by the party high command and will make all efforts to form a Congress government in the state.
Indian aluminium producers are one of the lowest cost producers in the world, which is a significant advantage.
However, the Indian economy is expected to bounce back in 2021, the World Bank said.
'It is almost certainly wrong in assuming that the Modi government will use its strong mandate to undertake some serious reform measures.' 'For it is fairly clear that the government's priorities lie elsewhere, in the powerful home minister's domain,' notes T N Ninan.
'Mr Kejriwal is almost exactly the package that Mr Modi offers: Personal aggrandisement, the building of a personality cult through full-page newspaper ads day after day, populist schemes involving subsidies (whether affordable or required), abandonment of secular principles, exaggerated claims and no checks on leadership,' points out T N Ninan.
China's gross domestic product rank dropped to number 7 from number 6, while GDP per capita jumped one place to 110th rank from 111th rank, International Monetary Fund has said.\n\n\n\n
Police have begun enforcing the liquor ban across Kerala in the wake of the state high court ratifying the state government's new liquor policy.
The findings of the report showed consumer spending falling for the first time in over four decades in 2017-18. The government has, however, termed it a "draft" report, reports Somesh Jha.
India's water future remains very bleak. The monsoon season, which once extended to 4 months, is now down to less than 30 days of heavy rain.
Companies, so far, were constrained by the provisions of Articles 370 and 35A, which restricted the purchase of land and hiring manpower.
'Pakistan is paying the price for ignoring secularism. In seeking to be ever more Muslim to define its nationhood, it has become a terrorist haven.'
'Where is the spirit of Team India?' asks Chandrababu Naidu.
China is the second largest spender on defence after the US. T
India's per capita external debt at the end of March this year stood at Rs 4,556 and total external debt rose to $112.6 billion in June.
Major carmakers in the country are loading barrels for the coming battle in the field, reports Arnab Dutta.
India should not miss the opportunity to develop high-speed railway.
The demonetisation seems to have impacted the GVA in the third as well as fourth quarter of 2016-17 which slipped to 6.7 per cent and 5.6 per cent respectively, from 7.3 per cent and 8.7 per cent.
With a middle class still so small and no apparent leaps in productivity on the farm or in manufacturing on the horizon, India faces its own age of diminished expectations.
China's major economic problem has been that its heartland is an agricultural region with about one-third of the arable land per person as the rest of the world.
What is required is boring leadership that ensures that the basics are right and not genius leadership that dreams of bullet trains, says Aakar Patel.
She would be the first Indian to be occupying the coveted post at IMF after former RBI governor Raghuram Rajan
How China's all powerful Communist party bungled the response to the coronavirus crisis.
However, 63 per cent Indians were "satisfied" with their standard of living
'No one seems to have looked at the extent of money that is being borrowed by individuals, and the rising levels of household debt.' 'At their present rates of growth, personal loans in India could well become the largest category of bank credit in just two or three years,' cautions T N Ninan.
The noted economist said some of the bad loans are due to a slowdown in the economy and asset restructuring companies are part of the solution.
'Personally, I have reached that stage where I think material things can't give you any satisfaction.'
Housing sales fell by about 30 per cent last year in seven major cities due to costlier flats and higher interest rate, says property consultant CBRE.
Those who like to draw comfort from the fact that UP is the country's third-largest state in terms of the size of its economy should also note that its growth rate is one of the lowest, its per capita income is almost half of the national average and its poverty rate at 30 per cent places it at the twentieth rank among all the states, says A K Bhattacharya.
India has a long way to go to catch up with Thailand let alone the US.
'We are at $2.7 trillion and 2024 is not far away.' 'The country will need to grow by 9% every year for 5 years continuously and raise the aggregate investment rate to 38% of GDP to achieve the government's target of turning India into a $5 trillion economy.' 'Given the fact that we are only growing at about 5% and our investment rates are only about 30%, it may take a number of years before we can reach that targeted level.'
Amid demands for special category status by Bihar, the Centre on Wednesday set up an expert committee to evolve a composite index to measure backwardness of states.
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