According to Linda Yueh's article On the Prosperity of Countries, emerging and developing economies for the first time account for a larger share of world GDP or global output than developed economies. Excerpts from the article: The World Bank estimates that of the 101 middle-income economies in 1960, just a...
India to Implement Blockchain, AI for Cargo Movement
In line with the government’s digitization agenda, India's ministry of finance is exploring the use of blockchain technology and artificial intelligence (AI) for cargo movement. Currently India ranks 146 out of 190 countries on World Bank’s ‘trading across borders’ measure. It takes 11 days for clearing an import consignment, against...
India Has the Third Most-Trusted Government in the World
According to a survey by the Paris-based Organization for Economic Co-operation and Development, India's Prime Minister Narendra Modi heads one of the world’s most-trusted governments with close to three out of four Indians saying they have confidence in the government. Factors that influence trust in governments include the state of...