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.
Leaders of the Group of Seven wealthy nations discuss global trade woes on the second day of their annual summit on Sunday, likely laying bare a yawning divide between US President Donald Trump and his Western allies.
More than 64 million people will switch to vaping devices instead of smoking traditional cigarettes over the next three years according to expert forecasts, and Dubai is to provide a global platform for an industry expected to be worth $53.4 billion by 2024.
India’s central government gave a major boost to the automobile industry by announcing a slew of measures to reverse slowdown denting the sector.