India has a coastline of approximately 7,500 km and as we look to build infrastructure to boost economic growth and jobs, the one question that we must address is: Does having a long coastline matter? Or to put it another way: What advantages could its coastline provide India?
India’s October-December current account deficit widened sharply from a year earlier, driven by higher imports, data from the Reserve Bank of India showed on Friday.
The Indian economy has been short of good news recently. So the latest GDP growth figures, released on Wednesday, come as a bit of a relief: The economy grew at 7.2 per cent in the last three months of 2017, slightly faster than expected.
India needs to industrialise further and target 25 per cent of GDPpie for manufacturing sector by 2025 in order to achieve double-digit investment growth and create jobs for its swelling labour force, says a Citigroup report.
It took about 58 years for India’s GDP to grow to $1 trillion, but only eight years to reach $2 trillion (by 2016).
Economic Survey 2018 Tabled In Lok Sabha: GDP Growth Pegged At 7-7.75%, India To Be Fastest Growing Economy Again
Aiming at a GDP growth rate of 6.75 per cent in the current financial year, the Economic Survey 2017-18, tabled by the Union Finance Minister Arun Jaitley on Monday, projected a GDP growth of 7 to 7.5 per cent in the financial year 2018-19.
Standard & Poor’s on Friday kept its sovereign rating for India unchanged at ‘BBB-minus’ with ‘stable’ outlook saying vulnerabilities stemming from low per capita income and high government debt balance strong GDP growth.
Gradual uptick in the GDP and increased economic activities, backed by various government schemes such as Saubhagya and Udaya, are bound to increase the base demand of power in coming quarters, Ashwani Kumar, CEO, IL&FS Energy Development Company, tells Vikas Srivastava in an interview.
India has risen one rung to the 126th spot in the International Monetary Fund’s (IMF) ranking of countries based on their GDP per capita but remains at the bottom amongst the BRICS group.
China’s economy is slowing, and India is growing. But Russia will not be able to use these changes in order to increase exports.