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Narendra Modi swept to power a decade ago on promises to transform India’s economy, and it would be hard to argue he hasn’t made strides. As he seeks a third term as prime minister, the country’s economic growth is the envy of the world, its stock markets are booming, and new buildings and highways are popping up everywhere.
NEW DELHI/BENGALURU -- India's economy beat expectations in the January-March quarter to grow 7.8% from a year ago, government data showed on Friday, helped by a resurgent manufacturing sector.
TOKYO -- Japan and South Korea should boost economic cooperation to expand their presence in the global market, going beyond encouraging trade among themselves, according to a foreign policy adviser for South Korea's President Yoon Suk Yeol.
India's economy grew at a faster-than-expected pace of 7.8% year-on-year in the January-March quarter, helped by strong growth in the manufacturing sector, and economists expect the momentum to remain strong this year.
SAMASTIPUR, India (AP) — Narendra Modi swept to power a decade ago on promises to transform India’s economy, and it would be hard to argue he hasn’t made strides. As he seeks a third term as prime minister, the country’s economic growth is the envy of the world, its stock markets are booming, and new buildings and highways are popping up everywhere.
Mumbai, India’s financial capital, has seen a lot of new faces over the past year. The heads of global banks have been trooping through, visiting its stock exchanges, buying property and hiring new staff.
Saudi Arabia's state-controlled Aramco said it would sell some $11.5 billion worth of additional stock in an offering that begins Sunday, as Riyadh tackles pressure to raise funds for an array of wide-ranging projects aimed at diversifying its fossil fuel-based economy.
Veteran emerging markets investor Mark Mobius said India's election outcome will not change his bullish views on the country.