India’s economic rise signals global power shift

India has now surpassed Japan to become the world’s fourth-largest economy in nominal GDP, with a GDP of $4.18 trillion, according to the government’s year-end economic review.The country is poised to overtake Germany within the next 2.5 to...

India poised to be 3rd largest economy by 2030: S&P

India is poised to be the third largest global economy by 2030 but rising population presents mounting challenges in basic service coverage and growing investment needs to maintain productivity, S&P Global Ratings said.

In a bid to overhaul tax administration, Indian Prime Minister Narendra Modi announced a revamp of the appraisal system for officers, besides backing a new method of scrutiny of returns that spares taxpayers the need to visit offices.

The Modi government has gone for a raft of changes in the foreign direct investment (FDI) rules for 15 sectors - including retail, defence, construction, banking and electronic media - signalling that despite NDA's electoral defeat in Bihar...



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