India surpasses France to become world's sixth largest economy
Business | July 11, 2018 18:50 ISTWith GDP of USD 19,390,604 million, United States has topped the list, followed by China with USD 12,237,700 million.
With GDP of USD 19,390,604 million, United States has topped the list, followed by China with USD 12,237,700 million.
The assembly which was adjourned sine die after a two-day meeting on June 5 has been reconvened to meet on July 2, the release added.
Fadnavis said Maharashtra's economy at present is USD 400 billion and at the current growth rate it is destined to become trillion-dollar economy by 2030, asserting that he wants to achieve that milestone five years early.
The economy grew at the highest rate since September quarter of FY17, ahead of the demonetisation drive that began in November 2016.
In a move to tackle the surging debt, a top official with China's stock market regulator has proposed equity financing to reduce their dependence on debt.
India ranks the best on the criteria termed the Complexity Opportunity Index (COI), which measures how easy it is to redeploy existing knowhow to enter new complex products.
The gains came despite losses on Wall Street, where a six-day winning streak was snapped by a plunge in Walmart stock and losses in other sectors.
The outlook for India remains largely positive, underpinned by robust private consumption and public investment as well as ongoing structural reforms, the UN DESA report said.
Sinha said recent articles critical of the government have drawn sweeping conclusions from a narrow set of facts.
On the list of 137 economies, Switzerland is followed by the US and Singapore in second and third places, respectively.
The RBI said economic activity as measured by Gross Value Added (GVA) is expected to expand by 7.3 per cent in the current fiscal, up from 6.6 per cent in 2016-17.
Finance Minister Arun Jaitley today described the Goods and Services Tax (GST) as a "win-win" deal for all as it will expand the tax net, end "inspector raj" and bring down prices of goods.
Reeling under massive debt and cash crunch, Air India has now decided to take non-vegetarian food off its menu for economy class travellers on all its domestic routes
The current practice was adopted in 1867 to align the Indian financial year with that of the British government.
India is on its way to become one of the most transparent and open economies in the world with sector after sector opening up for foreign investment notwithstanding the wave of protectionism elsewhere, Finance Minister
In an effort to deal with ongoing currency crunch post demonetisation, Prime Minister Narendra Modi has called a high-level meeting at NITI Aayog on Tuesday to take stock of the economy and other imperative issues.
Finance Minister Arun Jaitley today said that infrastructure investment needs a booster and his next Budget in February will concentrate on empowering more open and also private spending to help financial development. Speaking at ET
The government's demonetisation move was to incur "heavy damage to the economy in long term" and cash-less digital payment system "may not be helpful as being thought", experts said today. In a discussion on 'State
The upcoming GST regime may see a higher levy on goods and commodities related to the common man likely to result in expanded assessments on kitchen staples, for example, eatable oils, flavors and chicken. According
New Delhi: Marking a near twofold growth from the previous year, power generation in the country has risen up to 9.5 per cent in 2016 so far, Power Minister Piyush Goyal said today. The power
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