Indonesia’s Economy Expected To Surpass Russia’s By 2026
The landscape of the global economy is changing every so often. Recently India surpassed the UK to become the 5th largest Nominal economy in the world. Now, according to the data from the IMF (International Monetary Fund) Indonesia is all set to surpass Russia to become the 6th largest economy in terms of PPP (Purchase…
Abdullah Ansari
Asian News Round-Up: Top News From Asia
The continent of Asia has some of the most powerful countries in the world. Asia has also been a place where the major production of goods takes place. So it’s safe to say that there is a lot that takes place in Asia. Today we will give you 3 of the top news from Asia. …
Chandan Kumar
UK-India Free Trade Agreement Yet To Be Finalised
In April of last year, Former British Prime Minister, Borris Johnson visited India where he signed a free trade agreement with India. The finalisation of the FTA (Free Trade Agreement) is taking longer than expected. The FTA was expected to be finalised by the end of October this year. According to the original deal, the…
Shipra Prajapati
Apple to Amplify Its Production in India by Over Five-fold
The world’s leading smartphone manufacturer, Apple, has plans to increase its production by five times in India. News agency PTI (Press Trust of India) reported that the iPhone maker is all set to scale up its production up to $ 40 billion (3.32 lakh crore) in India. As per PTI’s report, Apple surpassed the $7…
Yash Sharma
India Is On The Path To Become Third-Largest Economy
On the episode of Newstrack, Forum President Borge Brende had a discussion with Microsoft Vice-Chairman and President Brad Smith about India’s efforts to become a catalyst in establishing a new global order. Borge Brende mentioned that India will become the world’s third-largest economy in just a few years. He also said that India will surpass…
India’s G20 Summit: A Mission Towards Stronger Economy
In the growing economic realm, India has taken the wheel of the G20, a key international organization focused on promoting economic cooperation among nations to tackle global challenges. With a rapidly growing economy, India is going towards more than 6% GDP growth, according to the World Bank. India has become the world’s fifth-largest economy by…
Foxconn Seeking Investment Opportunities in IndiaÂ
The Taiwanese electronics manufacturing firm, Foxconn hopes to invest billions of dollars in India in the near future because it sees an opportunity for growth in the Indian economy. According to Foxconn Chairman and CEO Young Liu, the company’s annual turnover in the Indian market has surpassed USD 10 billion, which leads to enormous investment…
Morgan Stanley Increases India’s Rating, China Faces Downgrade
Global brokerage Morgan Stanley has upgraded India to an overweight rating in its latest report. India has surged its rank from sixth to first, with more favourable valuations than in October. The country benefits from foreign direct investment (FDI) and portfolio flows bolstered by multipolar world trends. India’s reform and macro-stability agenda supports a positive…
IT Sector, Oil & Gas And Others Saw Fluctuations In Jobs
July 2023- The IT sector of India witnessed a sharp decline in employment opportunities. The overall drop in new jobs recorded 46 per cent compared to the previous year, according to the Naukri JobSpeak Index released on Tuesday. Even the job posting for White Collar jobs in July stood at 2,573, which is 8 per…
ADB Retains India’s 6.4% Growth Forecast Amid Recovery Optimism
The Asian Development Bank (ADB) has decided to retain India’s economic growth forecast at 6.4 per cent for the current fiscal year, according to an update to its Asian Development Outlook released on July 19, 2023. The ADB also projected a growth rate of 6.7 per cent for the following financial year. This decision comes…
