PATNA: The trade and industry circles on Sunday expressed their satisfaction over the 14.15% growth rate achieved in the gross state domestic product (GSDP) during the 2010-11 fiscal under the Nitish Kumar-led government.
Bihar Chamber of Commerce (BCC) president O P Sah said that it was a matter of immense satisfaction and pride that the state’s economy had achieved “such a healthy growth”.
The country’s state may be weak, but its private companies are strong
Source: The Economist Sep 30th 2010
HORRIBLE toilets. Stagnant puddles buzzing with dengue-spreading mosquitoes. Collapsing masonry. Lax security. A terrorist attack. India’s preparations for the 72-nation Commonwealth games, which are scheduled to open in Delhi on October 3rd, have not won favourable reviews. “Commonfilth”, was one of the kinder British tabloid headlines. At best—assuming that the organisers make a last-minute dash to spruce things up—the Delhi games will be remembered as a shambles. The contrast with China’s practically flawless hosting of the Olympic games in 2008 could hardly be starker. Many people will draw the wrong lesson from this.
Published on 31 August 2010 in Rediff.com
Driven by robust manufacturing, the Indian economy grew by 8.8 per cent in the first quarter of this fiscal, the fastest pace in around three years, despite partial withdrawal of economic stimulus packages.
Finance Minister Pranab Mukherjee exuded confidence that the economy would grow at least by 8.5-8.75 per cent during the current financial year.
Manufacturing, which bore the brunt of the slowdown that began in 2008-09, grew by 12.4 per cent during April-June, 2010, against 3.8 per cent in the same period last fiscal.
What makes emerging-market companies run
The Economist print edition
THE view from the 87th-floor lobby of Shanghai’s Grand Hyatt hotel is a wonder to behold (if you can behold it through the ever-threatening smog). Lesser skyscrapers glow with the logos of global giants such as Citi and HSBC. The river carries ships loaded with the riches of the world’s workshop. High-rise housing projects stretch into the distance: the city’s population, already 19m, is forecast to grow to 45m by 2025.
NEW YORK: India will be the third largest economy in the world after China and United States by 2050, a US-based internationally recognised foreign-policy think tank has said. An article “The G20 in 2050”, carried in November bulletin of the Carnegie Endowment for International Peace said, “China, India, and the United States will emerge asRead more about India to be third largest economy by 2050: Carnegie Endowment[…]