K.V.Kamath, ICICI managing director and cheif executive said India could double its GDP in the next ten years if it kept growing at the present rate. If we can take our growth rate to 10 percent, the doubling of the GDP could take place much faster,"he said while addressing a Confederation of Indian […]
India’s Inflation Approaches 12 Per Cent
Wholesale prices in India grew by 11.89 per cent in the year till the end of June, the fastest rate since the measure began in 1995, inflation has tripled over the last six months, driven by the soaring cost of food and fuel. Figures also showed that the output of India’s factories grew by its […]
Textiles mills & manufacturing units in India are closing down & are creating surplus realty space
Global slowdown & high crude prices are contributing to the closing of various textiles mills and manufacturing units in INDIA. A lot of textile mills and various manufacturing units are closing down in INDIA. Closing down of these textile mills & manufacturing units are creating surplus realty space in India. This surplus realty space is […]
China, India and Russia top three most-favoured destinations for investment and development.
India and China, the world’s fastest growing economies, leads the list of best places for investment and developments, driven by their current GDP growth rates, appropriate investment climate and substantial trade opportunities. China, India and Russia have emerged as top three most-favoured destinations for investment and development. These are followed by Mexico at fourth […]
Africa’s Economic Outlook Impairing: IMF
The International Monetary Fund, IMF’s recent World Economic Outlook forecasts that Sub-Saharan Africa will achieve 6.6 per cent economic growth this year, compared with only 1.3 per cent for advanced economies. on the back of the commodities boom. According to the Imf, sub-saharan Africa is enjoying the best period of sustained growth since independence. About […]
$41 Trillion Wealth in the Hands of Millionaires for the year 2007-08
Merrill Lynch & Co. and consulting firm Capgemini Group on Tuesday revealed an amazing fact about the Wealth in the world. The number of people around the world with at least $1 million in assets passed 10 million for the first time last year. The combined wealth of the globe’s millionaires grew to nearly $41 […]
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