The accountancy giant said the rapid rise of the Indian economy with its young workforce would push it up from being the 10th largest economy in 2013 to the third largest by 2030.
India's ranking is worst among the five BRICS countries
According to leaders of these economies who were speaking at a session at the 44th World Economic Forum Annual Meeting in Davos, the BRICS economies would rebound over the next few years, despite having been hit to varying degrees by fallout from the global financial crisis.
Middle class and first time smartphone buyers in emerging markets such as India and China were among the major drivers of iPhone sales in January-March period
The overall rank has been propped by the third criteria of innovation and sophistication, which have ranks of 59 and 57 respectively.
BRICS has no plans to form a military and political alliance, Russian President Vladimir Putin said on Wednesday, in an apparent effort to allay apprehensions of the West.
The Indian government's decision in 2012 to allow foreign direct investment in civil-aviation sector up to 49 per cent has enthused new airlines to launch their operations and capitalise on country's 1.2 billion population, a pre-statement to the Global Aerospace Summit said.
Prime Minister Narendra Modi is expected to address the United Nations General Assembly on September 27, giving his first global speech to an audience of nearly 200 world leaders and foreign ministers at the annual gathering of the world body's policymaking organ.
The disagreement over liability further complicates any early conclusion of the Rafale contract.
India accounted for a meagre 5.1 per cent of merger and acquisition (M&A) deals among emerging countries in the first nine months this year, the lowest in the BRIC (Brazil, Russia, India and China) nations.
Overall, the Brazil, Russia, India, China and South Africa gap has widened as developed economies are taking the lead.
Continuing his fast-paced diplomacy, Indian Prime Minister Narendra Modi spoke to China's Premier Li Keqiang on Thursday. During the phone call, Li conveyed his government's desire to establish a robust partnership with the new government in India.
In response the BRICS - Brazil, Russia, India, China and South Africa - have taken steps to strengthen cooperation such as setting up a joint development bank
The Brics line-up has yielded to a shaky China-India story, with new question marks over China even as India remains a "B+" performer, says T N Ninan.
Software market in India grew 10 per cent to $4.76 billion in 2013, driven by strong adoption of cloud or subscription-based services, research firm Gartner said.
The two countries also asked all nations to stop cross-border movement of terrorists and asserted that a decisive collective response from the international community without 'double standards and selectivity' was required to combat the threat of terrorism.
The host country has been pressing for a discussion at the 10th G20 Summit on the conflicts in Syria and the worst migrant crisis since World War II.
Prime Minister Narendra Modi will visit Japan, a key strategic partner, next month as he embarks on a busy foreign travel schedule in coming months that will include Bhutan, Brazil and the US.
A day after BRICS (Brazil, Russia, India, China and South Africa) nations agreed on a $100-billion foreign currency reserve pool to tackle the volatile foreign exchange markets, India on Friday said the pool would act as a buffer arrangement, adding it might not withdraw anything from this reserve.
India put up a dull performance among emerging economies this year.
Under KV Kamath's leadership, ICICI Bank's revenues grew multi-fold.
"The basic idea is that India would like to continue to be the most beautiful woman wooed by all men, notably the two strongest in the house, US and China," the article titled 'Indo-US strategic distrust stalls LSA signing'.
India has been eyeing deeper energy ties with Iran and has already lined up $20 billion as investment in oil and gas as well as in petrochemical and fertiliser sectors there.
Wipro makes it to the up-and-coming companies with potential to join the top 50 list.
Prime Minister Narendra Modi has left from Delhi for Brazil to attend the five-nation Brazil, Russia, India, China and South Africa (BRICS) summit slated to be held for two days, starting Monday. Here is his statement ahead of the meet.
Foreign direct investment in India has increased by about 35 per cent to $13.6 billion during the first half of 2013 with merger and acquisitions accounting for the bulk of inflows, says an UNCTAD report.
China continues to hold out on fingering Pakistan as the 'mothership of terror,' declaring Masood Azhar a terrorist at the UN, and India's membership of the NSG, says China expert Srikanth Kondapalli.
After visiting two Central Asian countries, Prime Minister Narendra Modi arrived in Ufa on Wednesday on a three-day trip during which he will attend the BRICS and Shanghai Cooperation Organisation summits.
The country has a long way to go before it claims to have arrived, he said.
'The Modi government will do well to thrash out a national consensus before taking the leap and put itself in America's pouch,' says Rajeev Sharma.
The agenda is to give a concrete shape to a Development Bank and pitch for reforms of the UN Security Council.
'I was a bit startled when our host spoke with such force and at such great length about Terrorism.' 'Where did that come from?' 'He kept insisting that it comes from across the border.' 'I could not remember who all are across India's borders and was looking puzzled, but Zuma who understood my predicament, whispered "Pakistan".'
India can be called "more Islamic than Pakistan" as more Muslims live here than that country, Home Minister Rajnath Singh told the chief of Pakistan Rangers who called on him to discuss ways to keep the border peaceful.
The prime minister also said that country nurtures a mindset that loudly proclaims that terrorism is justified for political gains.
The Indian economy can grow if it is delinked from the slow growth in the West and the deceleration in China, says Ashok K Lahiri.
India on Monday did some plain-speaking with China over its blocking of the Indian bid to get JeM chief Masood Azhar banned by the UN and warned the global community of "serious consequences" if it continues to adopt "double standards" in dealing with terrorism.
Swamy said Prime Minister Narendra Modi should convene a conference of "insiders" to draw up a new policy especially after the recent Lakhvi episode.
IMF chief Christine Lagarde has been put under formal investigation by French magistrates for alleged negligence in a political fraud affair dating from 2008 when she was finance minister.
Two Indian women figure among scores of foreign nationals with Swiss bank accounts, whose names have been made public by Switzerland in its official gazette for being probed in their respective countries.
The BRICS summit made clear that China's support for Pakistan is unwavering. China will continue to pressure India to ease tensions with Pakistan and resolve the Kashmir dispute.
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