Fastest Growing Major Economy

The report suggests that as India's economic heft expands, there would be a crossover in the mid-2040s with BRICS nations taking over the G7 in terms of nominal gross domestic product (GDP)

Japan has slipped to the world's fourth-largest economy as government data released on Thursday showed it fell behind the size of Germany's in 2023. The numbers highlight how the Japanese economy has gradually lost its competitiveness and productivity while the population shrinks as Japanese people age and have fewer children, analysts say. Japan fell from the second-ranked economy behind the US to the third-largest in 2010 as China's economy grew. The International Monetary Fund had forecast Japan's fall to fourth. The comparisons among nations' economies look at nominal GDP, which doesn't reflect some different national conditions, and is in dollar terms. Japan's nominal GDP totalled USD 4.2 trillion last year, or about 591 trillion yen. Germany's, announced last month, was USD 4.4 trillion, or USD 4.5 trillion, depending on the currency conversion. For the latest October-December quarter, the Japanese economy shrank at an annual rate of 0.4 per cent, and minus 0.1 per cent from

Global growth forecast lifted to 2.1%

Salaries in India are expected to increase by 10.3 per cent in 2023, highest among major world economies and Asian peers, according to Aon plc. In 2022, salaries in India witnessed an actual increase of 10.6 per cent in 2022. As per Aon plc's 28th Annual Salary Increase Survey in India, double-digit salary growth will continue in India despite economic volatility, largely as a response to high attrition rates. At 21.4 per cent, the attrition rate in India for 2022 remained high a consequence of an ever-changing talent strategy and the ongoing gap between supply and demand of talent. "With back-to-back double-digit increments, India Inc continues to be bullish on talent despite fears of global macro-economic uncertainty. "Organisations are increasingly prioritizing their spends towards top performances, key talent and high potential talent," said Pritish Gandhi, Aon Director & India Practice Leader, Executive Compensation & Governance. The study, that analyzed data across ...

UP is among India's top producers and exporters of toys, leather goods, and textiles in the country

The government seems to be determined to change the shape of recovery from K; it wants all to join the party in the world's fastest-growing economy.

The increase in tax surcharge, introduction of the buyback tax and a lack of stimulus to boost economic growth have left investors disappointed

Pradhan was replying to a query whether the government will cut excise duty on petrol and diesel which have touched their all-time highs