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According to the figures released by World Bank for the year 2017 India has emerged as the sixth largest economy by surpassing France. India's GDP worked out to be $2.597 trillion in comparison to France's $2.582 trillion. India's growth was stunted as a result of some of PM Modi's reforms such as demonetization and faulty implementation of new tax regime, Goods and Services Tax. Only last year the economy picked up and the recovery can be gauged by the increased GDP. The comparison with France is lopsided as the population of India is around 1.34 billion, almost twice as that of France's 67 million people. So the per capita income of Indians is 20 times lower than that of France. There is tremendous growth impetus in Manufacturing and Consumer spending that acted as main drivers of the economy in the latter half of the year 2017. India's GDP had doubled within the last decade propelling it as an economic power to reckon with in Asia. International Monetary Fund has projected that India will have a healthy 7.4% growth rate and it may well reach 7.8% by 2019 due to household spending and tax reform. This is far higher than the world's expected average 3.9% growth rate. According to London-based Centre for Economics and Business Research, a consultancy, India may even overtake both Britain and France in terms of GDP by the end of 2018. They predict that India may become the third largest economy by 2032.

Speaking to the reporters on the margins of the international oil and gas meet CERA Week, Fatih Birol, Executive Director of IEA, said: "India is moving to the centre stage of global oil and energy markets. It is not only oil. It is coal. It is solar. It is out of the strong growth in the economy and the population growth."

Federation of Indian Export Organisation (FIEO) on Friday said that the continuous growth in exports gives confidence to the exporters in India on easy sailing with GST.

India's exports grew by 8.32% to $24 billion in May, registering an upward growth in the last eight months. However, the trade deficit also surged to $13.84 billion a 30-month high, majorly on account of higher gold imports.

The projection by Nasscom that Indian IT exports would grow 7-8 per cent in the current fiscal is realistic and reasonable and reflects the current global business environment, say senior figures in the sector. The numbers put out by the industry body are very realistic because the global IT spending is not going up this year and there are political uncertainties in the US and parts of Europe, two key markets of Indian firms, said T V Mohandas Pai, the former Chief Financial Officer (CFO) of Infosys.

US Job Protection and Growth Act dramatically changes the eligibility requirements for H1-B visa exemptions was restored yesterday by Republicans Darrell Issa and Scott Peters, both of whom are from California.

China plans to make more efforts to attract foreign direct investments, which has been on a fluctuating trend in the last two years, registering a positive growth of 4.1% year-on-year in 2016 against a decline of 6.4% in 2015.

An escalation of the global trade conflict which saw US President Donald Trump levy increased tariffs on the European automotive sector could knock as much as $75 billion from growth in the eurozone next year, according to analysts at Barclays. Writing this week, a Barclays team led by Francois Cabau estimated that if Trump were…

With India's exports witnessing a continuous growth, the exporters' body Federation of Indian Export Organisations (FIEO) expects that the merchandise shipments from the country would touch $325 billion in the current fiscal. "Indian exports have been on an upward trend in last few months with export of $275 billion in last fiscal and a target of $325 billion to achieve in 2017-18," the exporters' body said in a statement.

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Given the turn of surprising events during the day, there was an air of anticipation and excitement at the meet where former Finance Minister P Chidambaram spoke at length about India's economic growth, demonetization, reforms and taxes, simplifying taxes for commerce, anti-globalization, and many other economic issues and challenges that plague India and other countries

The Trade Policy Agenda released by Trump administration for the year 2017 highlights the fast paced growth in US-India trade since 1980, when the total trade between the two nations was merely $4.8 billion. The US-India trade in goods and services has expanded by over 9% year-on-year to attain a figure of $109 billion in 2015, according to the document.

India's exports grew consecutively for the 6th month, as the month of February 2017 posted a 17.48% year on year growth in exports. Total exports for the month stood at $24.5 billion, when compared to $20.8 billion in January 2016. For the same month, trade deficit widened year on year from $6.5 billion in 2016 to $8.8 billion in 2017.

The exports of Basmati rice from India is expected to touch Rs.22,000-Rs.22,500 crore in financial year 2017-18 and the volume to about 4.09 million tonne primarily supported by a growth in average realisations, said the credit rating agency ICRA Ltd in a report on Wednesday.

The Russian President's positive announcement after the summit concluded at St.Petersburg, summed up the positive developments and growth trajectory that PM Modi's talks could have had. Putin said,

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ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Wednesday said the economy of country was turning around with good growth rate and the government was committed to providing conducive economic environment to the private sector. Talking to Jin Liqun, President Designate Asian Infrastructure Investment Bank (AIIB) here at the PM House, the Prime Minister said the government had invested a lot of resources in energy sector.

A Bangladeshi father dubbed "Tree Man" for massive bark-like warts on his hands and feet will finally have surgery to remove the growths that first began appearing 10 years ago, a hospital said Sunday.