Search results
Results from the WOW.Com Content Network
Indian GDP growth rate from 1985 to 2016 in red, compared to that of China in green. From 2010, India has risen from ninth-largest to the fifth-largest economies in the world by nominal GDP in 2019 by surpassing UK, France, Italy and Brazil. [191]
The railway sector in India aims to contribute about 1.5% to the country's GDP by building infrastructure to support 45% of the modal freight share of the economy. With a workforce of 13 lakh people, the IR is also one of the country's largest employers. the railways is a major contributor to jobs, GDP, and mobility.
Excerpt from Home Minister Sardar Patel's letter to Prime Minister Jawaharlal Nehru, November 7, 1950 India established diplomatic relations with the PRC on 1 April 1950, the first non-communist/socialist nation in Asia to do so. Pakistan continued to recognize the ROC until 1951. The relationship between India and a newly communist China started out on an optimistic note. Jawaharlal Nehru ...
The economic liberalisation in India refers to the series of policy changes aimed at opening up the country's economy to the world, with the objective of making it more market-oriented and consumption -driven. The goal was to expand the role of private and foreign investment, which was seen as a means of achieving economic growth and ...
China has long been the engine of global growth, but its real estate crisis and slowing economy has alarmed international investors. India is fast emerging as a potential successor.
At the turn of the century India's GDP was at around US$480 billion. As economic reforms picked up pace, India's GDP grew five-fold to reach US$2.2 trillion in 2015 (as per IMF estimates). India's GDP growth during January–March period of 2015 was at 7.5% compared to China's 7%, making it the fastest growing MAJOR economy.
China and India, which represent more than one-third of the global population, became neighbors only after the Chinese Communist Party annexed Tibet in 1951. Today, China and India need to find ...
A 2011 article published in Applied Economics Letters by financial economist Mete Feridun of University of Greenwich Business School and his international colleagues investigates the causal relationship between financial development and economic growth for Thailand, Indonesia, Malaysia, the Philippines, China, India and Singapore for the period ...