Employees at an air conditioner manufacturing unit near New Delhi. Agence France-Presse
Indian economy is likely to swell to $5 trillion mark ahead of its target of 2024 despite huge challenges and global trends. This was stated by T.N. Manoharan, non-executive chairman of India’s Canara Bank recently in Dubai,
Adding to the persisting concerns of a weakening economy, an IHS Markit report said that business sentiment in the country in June fell to the lowest level since 2016 as companies are worried over a subdued economy, government policies, regulation and water shortages.
Foreign sovereign wealth funds are piling into India, buying stakes in everything from airports to renewable energy, attracted by political stability, a growing middle class and reforms making it more enticing for foreigners to invest.
British Prime Minister Boris Johnson said on Sunday his government would iron out what he described “technical issues” with the European Union over post-Brexit trade.
The UAE has made significant progress in its mission to empower women in the workforce across various sectors and the nation’s women can today be classified as role models for the rest of the world.
China’s February exports grew at a record pace from a year earlier when COVID-19 battered the world’s second-biggest economy, customs data showed on Sunday, while imports rose less sharply.