A woman works in the packing section of a factory that manufactures sports goods in Jalandhar, India. Reuters
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,
India’s government forecast on Thursday that economic growth could get back up to 7% per cent this year, but cautioned it will face challenges keeping its fiscal deficit in check.
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.
Dubai Airports Chief Executive Paul Griffiths said, "We should be back at the normal sort of monthly throughputs of about 7 million passengers-plus by the end of next year. That's what we're predicting."
When you finally manage to return to reality and follow the fragrance that leads you to the perfume store, you ask the seller, "What is this scent?" He smiles at you knowingly and answers, "It is the fragrance of oud."
Sheikh Hamdan Bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, said Dubai remains committed