You are here: Home >> English News & Features >> BUSINESS & ECONOMY

India now sixth biggest economy

DNMUM418005 | 7/12/2018 | Author : Sumit Moitra | WC :361



Kolkata: India has emerged as world’s sixth biggest economy, latest listing by the World Bank showed.
The country’s economy is now $2.597 trillion, bigger than France’s $2.582 trillion size, which was holding the position all this while.
London-based Centre for Economics and Business Research predicted last year that India would turn into world’s fifth largest economy, surpassing the UK by the end of 2018.
Projections made by the International Monetary Fund which had said that India would be world’s fourth-largest economy by 2022.
Manufacturing and consumer spending were the main drivers of the Indian economy last year.
“India’s leap into the big six club is indeed a matter of great pride. This expected new
Read full story


Copyright restricted. Under license from www.dnasyndication.com   
Add To Lightbox
Calculate Price

More on BUSINESS & ECONOMY

Why big numbers don’t mean big returns in real estate
DNMUM427745 | 12/10/2018 12:00:00 AM | Author : Vivek Kaul | WC :707

You know V,” she said, “I think you may have been wrong about real estate”.“Like how?” I asked.“So, I ran into this long-lost friend of mine...”“And?”“She was telling me about how her real estate investment had made so much money.”“Like how muc
Add To LightboxCalculate Price

Loan pricing more transparent now
DNMUM427746 | 12/10/2018 12:00:00 AM | Author : Kumar Shankar Roy | WC :1142

When the Reserve Bank of India (RBI) changes the repo rate, the benefit (in case of a downward revision) is often not passed on to existing borrowers. It is only the new loans that are offered at the lower rates. However, this may change from A
Add To LightboxCalculate Price

Road less travelled
DNMUM427747 | 12/10/2018 12:00:00 AM | Author : Priyanka Golikeri | WC :572

As the holiday season kicks off, we’re flooded with travel tech start-ups lining up a plethora of offers, discounts and cashbacks for speedy bookings and packages to exotic destinations. But in the age of “disruptive’’ and ‘’predictive’’ solutions, a
Add To LightboxCalculate Price

Opec cut may not fire up oil prices
DNMUM427750 | 12/10/2018 12:00:00 AM | Author : Praveena Sharma | WC :770

New Delhi: Just when it looked like oil prices cooling off had offered some respite to India’s macros, Organisation of the Petroleum Exporting Countries (Opec) decision to cut back production by 1.2 million barrels per day is threatening to heat thin
Add To LightboxCalculate Price