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Bihar is country’s fastest growing state at 13.1%

Bihar is country’s fastest growing state at 13.1%

NEW DELHI: Bihar, which was synonymous with poverty, has emerged as the fastest growing state for the second year running, clocking a scorching 13.1% growth in 2011-12. Not just that, on the back of four years of double-digit growth, its economy is now bigger than that of Punjab—until recently the preferred destination of Bihari migrant workers.
BCC lauds state’s 14.15% growth rate

BCC lauds state’s 14.15% growth rate

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”.

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India’s surprising economic miracle

India’s surprising economic miracle

The country’s state may be weak, but its private companies are strong

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.

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India’s GDP booms at 8.8%, thanks to manufacturing

India’s GDP booms at 8.8%, thanks to manufacturing

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.

The growth numbers prompted some industry groups to forecast that the economy would revert to high expansion mode of 9 per cent in 2010-11, after two successive years of slowdown due to the impact of global financial meltdown.

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.

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Grow, grow, grow: A special report on innovation in emerging markets

Grow, grow, grow: A special report on innovation in emerging markets

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.

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India to be third largest economy by 2050: Carnegie Endowment

India to be third largest economy by 2050: Carnegie Endowment

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[…]

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