Conditions ripe for India to reap demographic dividend and become a key engine for global growth, says Lagarde
With a projected growth rate of 7.5% in 2015-16, India will become the world’s fastest growing major economy, fuelling global growth at a time when advanced economies are under stress and other emerging economies are slowing down, International Monetary Fund (IMF) managing director Christine Lagarde said on Monday. Delivering a lecture on Seizing India’s Moment at Lady Sri Ram College, Lagarde said this is a special moment for India. “Just as many countries around the world are grappling with low growth, India has been marching in the opposite direction... In this cloudy global horizon, India is a bright spot,” she said.
India marked the one-year anniversary in 2013 of the brutal rape of a young university student, which plunged India into a period of self-reflection and mourning whilst thousands took to the streets of Delhi in protest against gender-based violence.
India marked the one-year anniversary in 2013 of the brutal rape of a young university student, which plunged India into a period of self-reflection and mourning whilst thousands took to the streets of Delhi in protest against gender-based violence.
Debate has erupt...
Britain said it has sought to become a founding member of the Asian Infrastructure Investment Bank (AIIB), making it the first Western nation to embrace the China-backed institution, but the United States reacted frostily to the development.
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File photo of the signing ceremony of the Asian Infrastructure Investment Bank at the Great Hall of the People in Beijing October 24, 2014. Photo- Reuters[/caption]
The AIIB was launched in Beijing last year to spur investment in Asia in transportation, e...
According to Forbes, New York has more billionaires than any other city in the world – 78. With 10 less than the Big Apple, Moscow comes in second, home to 68 billionaires. Asia’s population of super wealthy individuals has risen sharply in recent years and Hong Kong rounds off the top three with 64. London is home to 46 billionaires, one more than Beijing which has 45. China’s capital is on course to overtake London in the near future.
Being ultra-rich is an inspiration to many people. However, not everyone can achieve the ultimate g...
Former Indian prime minister Manmohan Singh has been summoned as an accused along with five others in a case linked to the coal scam that saw mining rights being assigned without any transparency to private firms.
A special CBI court today also named Hindalco, its chairman Kumar Mangalam Birla, and former Coal Secretary PC Parakh among the six accused. They have all been asked to appear in court on April 8.
The charges against Dr Singh and the others include criminal conspiracy, corruption and breach o...
Champhai district (in eastern Mizoram) on March 25 to start the formal border trade with Myanmar,” an official of Mizoram’s commerce and industry department said.
He said: “Myanmar’s Commerce Minister U. Win Myint is expected to be present at the inaugural function as both t...
