India is undergoing an ‘exciting digital transformation,’ that can be a learning experience for everyone, according to the International Monetary Fund which will feature a case study on the country's digital revolution in its new book. Vitor Gaspar, director of the IMF's Fiscal Affairs Department, said that the book Digital...
Chinese Group Expects India to Overtake China in Innovation by 2025
According to China's Science Technology Exchange Center, India's innovation growth rate will rise significantly over the next 15 years, and come close to surpassing China. "It is predicted that the innovation competitiveness of India will see a significant rise with its growth rate probably surpassing China between 2025-2030," the independent...
IMF: GST Will Push India's GDP Growth Rate up over 8%
In an exclusive interview with the Press Trust of India, Tao Zhang, Deputy Managing Director of the International Monetary Fund said: "The government has made significant progress on important economic reforms that will support strong and sustainable growth going forward." "We expect that the Goods and Services Tax (GST), which is...
IMF: GST Could Raise India's GDP to Over 8%
The International Monetary Fund said that the adoption of the Goods and Services Tax could help raise India's medium-term GDP growth to over eight percent and create a single national market for enhancing the efficiency of the movement of goods and services. It also suggested that the GST "should have...
Forbes Says India is 'Darling of Global Markets'
The major market in the world this year is India, says Forbes, and gives the following reasons to support its claim: It's not fighting a "trade and immigration battle with the White House" It doesn't have the "political soap operas like those seen in Brasilia and Moscow" Wall Street loves...
India's Finance Minister to visit Washington DC this week, attend World Bank and IMF meetings
India's Finance Minister, Pranab Mukherjee, will embark on a four-day official visit to the United States starting April 18 During his visit, Mukherjee will attend the Spring meetings of the World Bank and the International Monetary Fund (IMF). According to Business Line, he will also hold bilateral meetings with his...