[ad_1] Japan loses the tag of world’s 3rd largest economy! Official data released on Thursday revealed that Japan, once expected to claim the title of the world’s largest economy, fell to fourth place behind Germany last year. However, projections indicate that India is poised to surpass both nations later in this decade to bag the…
[ad_1] TOKYO: Once forecast to become the world’s biggest economy, Japan slipped below Germany last year to fourth place, official data showed Thursday, although India is projected to leapfrog both later this decade.Despite growing 1.9 percent, Japan’s nominal 2023 gross domestic product in dollar terms was $4.2 trillion, government data showed, compared with $4.5 trillion…
[ad_1] This Lunar New Year, also known as Spring Festival or Chinese New Year, is an annual celebration of the first lunar cycle of the new year. It’s a weeklong national holiday in China, and this year it starts on February 10.This is the Year of the Dragon, according to the Chinese zodiac, and it’s…
[ad_1] NEW DELHI: Global investors are excited about India as “not only a large economy, but a trusted economy”, Union commerce and industry minister Piyush Goyal said on Friday, adding that the country is at a ‘cusp’ that comes once in every nation’s history. Lauding the emergence of young entrepreneurs, the minister said they would…
[ad_1] New Delhi: High-frequency indicators (HFIs) for October and November 2023 reflect robust economic activity in the third quarter of FY24, which is likely to continue in the fourth quarter as well, a finance ministry report said on Friday. The Indian economy is expected to comfortably achieve a growth rate upwards of 6.5% in FY24,…
[ad_1] HYDERABAD: Former Reserve Bank governor Raghuram Rajan said India will still remain a lower middle country if the growth rate remains at 6 per cent annually without any rise in population by 2047 (Amrit Kaal) and will be reaching the end of the demographic dividend by then. Speaking at a programme organised by Manthan…