For more than half a century, the handbook for how developing countries can grow rich hasn’t changed much: Move subsistence farmers into manufacturing jobs, and then sell what they produce to the rest of the world. The recipe — customized in varying ways by Hong Kong, Singapore, South Korea, Taiwan and China — has produced …
The prevailing high-interest rates since May 2022 have had a minor impact on the affordable housing demand in India. The affordable housing segment, by virtue of being in the smaller ticket segment, is relatively less rate-sensitive than the mid and luxury segments. Rate hikes of 250 bps in a short period of less than a …
Finance secretary T V Somanathan on Thursday said India will continue to clock the highest growth rate among the top five economies in the world in the foreseeable future and asked Indian diaspora to act as a catalyst and supplement government efforts in making India the biggest opportunity. India is currently the fifth largest economy …