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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.

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.

New Delhi: With infrastructure bottlenecks plaguing the economy, financial services provider Goldman Sachs expects the upcoming Budget to provide a big stimulus

With many advancements in the AR tech economy, let us see few successful use cases of Augmented Reality Apps in different sectors.

The most important PM of the world is coming", is how Prime Minister Narendra Modi's forthcoming visit to Israel, the first by an Indian premier, is described in an article in one of the leading Israeli business daily. Business daily 'The Marker' in a feature story in its Hebrew edition discussing Indo-Israel ties says that Israelis had set up huge expectations from US President Donald Trump's visit to the Jewish state but "he didn't say much" while Modi, a leader of 1.25 billion people enjoying massive popularity and representing one of the fastest growing economies of the world deserves a lot of attention.

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."

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ISLAMABAD: Air China announced to launch its new route to connect Chinese capital Beijing with Islamabad and Karachi starting on October 26. Air China, with A330-200 operations, will fly three flights a week on Monday, Wednesday and Friday between China and Pakistan, said a press release issued here on Thursday.