-ThePrint.in GDP per capita of $1,940 shows the average Indian is less prosperous than those in some of our neighbouring countries. New Delhi: India is now the sixth largest economy in the world with a Gross Domestic Product (GDP) of $2.597 trillion, according to World Bank data for 2017, updated this week. It has surpassed, among other countries, France which has a GDP of $ 2.582 trillion. The data points to a rapidly...
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Money parked by Indians in Swiss banks rose over 50% to Rs. 7000 crore in 2017
-PTI The surge comes as a surprise given India’s continuing clampdown on suspected black money stashed abroad. Zurich/ New Delhi: Money parked by Indians in Swiss banks rose over 50% to Swiss Francs (CHF) 1.01 billion (?7,000 crore) in 2017, reversing a three-year downward trend amid India’s clampdown on suspected black money stashed there. In comparison, the total funds held by all foreign clients of Swiss banks rose about 3% to CHF1.46 trillion...
More »Through A Wider Lens -Rajni Bakshi
-The Indian Express AIIB meeting presents an opportunity to redefine the parameters of development. Budha Ismail Jam, a fisherman from Kutch, will be unknown to most delegates at the Asian Infrastructure Investment Bank’s (AIIB) annual meeting being held in Mumbai on June 25-26. Yet, Jam’s story has far-reaching implications if infrastructure projects are to be more focused on the well-being of people rather than the profit margins of investors. The third annual meeting...
More »Despite push for Digital India, just 25% adults used Internet in 2017: Pew survey
-IANS 78% of adults in India do not own a smartphone and 80% of the population in the country has no clue about Facebook or Twitter, the Pew Survey found. Despite talk of Digital India, only one-in-four in the country reported using the Internet in 2017, which is among the lowest in the world, according to a new survey by the Pew Research Center. South Korea stands out as the most heavily...
More »Violence cost India's GDP over $1 trn on PPP basis
-PTI The estimates include the direct and indirect cost of violence as well as an economic multiplier New Delhi: Violence cost the Indian economy a whopping USD 1.19 trillion (over Rs 80 lakh crore) last year in constant purchasing power parity (PPP) terms, which amounts to roughly USD 595.4 per person, says a report. The findings are part of the report prepared by the Institute for Economics and Peace (IEP) based on...
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