Tag: Economy
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The Economic Divide in India: How the Gap Between The Rich And The Poor Affects A Nation’s Progress
With nominal GDP, India is the fifth-largest economy in the world. It has witnessed an extraordinary growth story in recent decades. Nevertheless, this growth has always been juxtaposed with an ever-widening gap between the rich and the poor—this economic divide denotes severe differentiation in income and wealth but is also a cause of concern regarding ... -
Coal Import Drop by 3.1% for the FY 2024-2025
The coal import initiatives of India for a long-term goal oriented future in the sector of coal import has encountered a positive upliftment with a drop by 3.1% in the FY 2024-2025. The demand for coking coal and high-grade thermal coal has risen from the domestic reserves. This need has enforced the importance of importing ... -
UAE Pioneering the Future of Global Industries and India collaboration
United Arab Emirates (UAE) which is an important global industrial player in the Arab world and it has ranked 27th on the United Nations Industrial Development Organization’s 2022 Competitive Industrial Performance Index. This index measures the capacity of 153 countries to see the performance in producing and exporting goods by analyzing their industrial performance. Driving ... -
Bilateral Ties of India and UAE Reach New Zenith, says External Affairs Minister Jaishankar
The Minister of External Affairs, S.Jaishankar has landed the UAE for the visit based on the enhancement of bilateral relationship between the two powerful countries on the global platform, India and UAE, in the sectors including renewable energy, fintech, education and defense. On November 14, 2024 he inaugurated the Symbiosis International University in Dubai. This ... -
India’s Economic Journey: Balancing Growth and Stability in the Modern Era
Republic of India is a country situated on the cross roads of the Bay of Bengal and the Arabia Sea and is the second largest nation in terms of population and respected democracy in the world. Gaining independence from British rule in 1947, following a long struggle of civil disobedience, this South Asian giant has ... -
BRICS Membership Boosts UAE’s Global Economic and Environmental Efforts
Minister of Climate Change and the Environment of UAE Dr. Amna bint Abdullah Al Dahak Al Shamsi played a significant role at the BRICS High-Level Dialogues on Climate Change in Moscow. This event featured two key sessions. One focused on “National Efforts to Combat Climate Change and Promote Sustainable Development,” and the other on “Cooperation ... -
India’s Unique China Challenge: Jaishankar Calls for Rigorous Scrutiny of Chinese Investments
External Affairs Minister S. Jaishankar recently highlighted India’s distinct challenges with China, emphasizing that the country’s issues extend beyond the global concerns commonly associated with China. Speaking at the ET World Leaders Forum, he stressed the need for India to exercise heightened vigilance when scrutinizing Chinese investments, given the ongoing border tensions and the broader ... -
Key Takeaways from the Economic Survey Ahead of the Budget
Union Finance Minister Nirmala Sitaraman gave a preview about the Economic Survey 2023-24 before the Lok Sabha today. The survey showed India’s real Gross Domestic Product is expected to grow by a rate between 6.5% and 7% in the current year of 2024-25. The economic survey was released before the Indian Union Budget. The growth ... -
India Became A $4 Trillion Economy Today, GDP To Grow At 6-7% Rate
Today marks a significant moment for India, as our country’s Gross Domestic Product (GDP) has crossed the $4 trillion mark for the first time. This is a big achievement, showing how strong and powerful India’s economy has become on the global stage. This milestone didn’t come easy. It’s the result of our continuous hard work ... -
India To Become ₹20 Lakh Crore Economy As A ‘Developed’ Country
India will become a 20 trillion dollar economy by 2047 if it manages to sustain GDP growth of 7 to 7.5 percent, says the Economic Advisory Council. The country’s economy can develop at a steady rate of 7 to 7.5 percent for the next 25 years, according to the Economic Advisory Council to the Prime ...