India's economy grew at a record pace in the second calendar quarter. Even as the country grappled with a devastating wave of Covid-19, GDP rose 20.1% in the three months to June 30, compared with a record contraction in the same quarter a year earlier. "The record year-on-year rise in...
Growth Slows in China, Rises in India
According to London, U.K.-based Capital Economics, an independent economic research company, China's period of par excellence performance might be ending soon. In its 'Long-Term Global Economic Outlook' the firm says that China's policies of high investment and rapid debt accumulation, make it vulnerable to a sharp deceleration. China's export-driven growth...
FDI Surges in India
Overseas investors’ holdings of Indian stocks and bonds have picked up, rising more than $8 billion in 2017. "India’s current account deficit is being financed in large part by foreign direct investment inflows," said Shilan Shah, Singapore-based economist at Capital Economics. "This is a positive reflection of Prime Minister Modi’s...
Industrial Output Growth in India Reaches 5-year High
Reuters reports that India's industrial output grew at its fastest pace in five years this October, propelled by manufacturing – factory output, utilities and mines grew 9.8 percent, its fastest pace since October 2010. Soumya Kanti Ghosh, chief economic advisor at state-held State Bank of India, reckoned that this data...
The Strongest BRIC? India?
Of all the fast-growing BRICS countries, only India stands strong right now according to an article in Business Insider. It says "While much of the world is in a dark place economically — Brazil is embroiled in a corruption scandal, sanctions continue to constrain Russia's economy, China is slowing down,...