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 Overtakes France as Sixth Largest Economy
Per the World Bank's updated data for 2017, India edged past France to become the world's sixth-largest economy. India's gross domestic product stood at $2.597 trillion at the end of last year while the French economy was valued at $2.582 trillion. The U.S. remains the world's largest economy with a...
World Bank: India to Grow at 7.3%
India will see a robust growth of 7.3 percent this year and 7.5 percent for the next two years as "factors holding back growth in India fade," the World Bank has forecast. The June 2018 edition of the Global Economic Prospect report -- the global lender’s flagship publication on the...
Another Point of View on Medical Device Manufacturing in India
I read an interesting article written by Suresh Vazirani, chairman and managing director of Transasia Bio-Medicals Ltd, where he outlines the pros and cons of medical device manufacturing in India. Transasia is the Indian subsidiary of a European device maker. Vazirani says that designated manufacturing zones for medical devices, the...
Corporate Governance Standards Improve in India
According to a joint study by the International Finance Corporation, the Bombay Stock Exchange (BSE), and Institutional Investor Advisory Services India (IiAS), the Corporate Governance Scorecard for 2017 showed that companies are increasing transparency. Increased scrutiny by regulators such as India's central bank, the Reserve Bank of India, and the...
Ten Most Significant Changes in India in the Last Decade
Forbes documents the top ten most significant changes that India has witnessed from 2010 to 2017. Read a lightly edited summary of these below: 1) Emerging as one of the largest economies The recent economic expansion noted in India has brought a record number of people out of poverty. A...