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Oman's 10th five-year plan (2020–2025) is the first implementation plan of Vision 2040, [24] and will focus its efforts towards achieving economic diversification. [25] The plan for economic diversification aims to move Oman away from the oil-and-gas-based sources of income, and has earmarked five sectors that have high growth potential and ...
Oman has over five hundred thousand Indian nationals living there making them the largest expatriate community in Oman. They annually remit US$780 million to India. [8] India is a major destination for Omani students pursuing higher studies and in recent years there have been increasing numbers of medical tourists coming into the country from Oman.
Oman also has substantial trade and budget surpluses. 55% of Oman's government revenues come from non-oil industries. Petroleum accounts for 64% of total export earnings, 45% of government revenues and 50% of GDP. [44] By 2020 Oman hopes to reduce oil revenue to just 9% of its income. [47]
A new report finds that the present-day golden era of Indian billionaires has produced historic income inequality in India. ... other sources, wealth (or net worth) is the total value of assets ...
Income ratios include the pre-tax national income share held by top 10% of the population and the ratio of the upper bound value of the ninth decile (i.e. the 10% of people with highest income) to that of the upper bound value of the first decile (the ratio of the average income of the richest 10% to the poorest 10%).
The country’s chief economic advisor, in a report released on Friday, forecast India’s economy would grow 6.3% to 6.8% in the next fiscal year. Here are some takeaways from the budget: Income ...
The economy of India is a developing mixed economy with a notable public sector in strategic sectors. [5] It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP); on a per capita income basis, India ranked 141th by GDP (nominal) and 125th by GDP (PPP). [58]
The Indian community in Oman is regarded to be among the most prosperous communities in the country. At present, Indians constitute almost 20% of Oman's total population of 2.3 million (2010 census), as they are the largest expatriate community in the country. There are 448,000 Indian migrant workers in Oman.