Economy

Economic growth needs to reflect on HDI: Niti Aayog CEO Amitabh Kant

The Indian economy is growing at 7 -8% which needs to be reflected on the human development index (HDI) wherein the country stands at 131st position out of 188 nations, NITI Aayog CEO Amitabh Kant on Monday said. Kant further said there is need for a radical change at the state and district levels to improve the current situation. “Industry ... Read More »

The Uberization of the economy is winning because of cucumber farmers

Judicial test has helped companies that rely on contractors instead of employees, but California Supreme Court has chance to change it GrubHub notched a key legal victory in a San Francisco federal court in February. Cucumbers and a ride home from the bar may not appear to have much in common, but a judicial test involving cucumber farmers is a ... Read More »

The real danger to the US economy in Trump’s trade policy

Photo by Andrew Harrer-Pool/Getty Images Gary Cohn resigned on Tuesday as director of the National Economic Council. His departure came in the wake of losing the policy argument over sweeping new taxes on imported steel and aluminum. Cohn’s surprise resignation is a valuable reminder that the real risk with this Trump initiative isn’t the tariffs themselves — it’s what happens ... Read More »

Democrats Should Embrace an Open Economy

Wesley Bedrosian President Trump’s decision to announce tariffs on steel and aluminum is his latest effort to close America off from the world in a counterproductive movement to turn back the global economy 40 years. The decision serves as a moment for Democrats to stand up for an open America that confidently competes globally. The immediate impact of Mr. Trump’s ... Read More »

Bitcoin Rebounds, Rises 18% To $11,749

On Wednesday, bitcoin lost over half its peak value as it dropped to $9,850 After posting considerable losses for the two consecutive days, bitcoin (BTC) rebounded to reclaim $11,000 on Thursday. At 8.00 pm, the bitcoin prices trade at $11,749 on the CoinMarketCap. On Wednesday, bitcoin lost over half its peak value (attained exactly a month ago) when it dropped ... Read More »

India To Become $5 Trillion Economy In 8-9 years: Suresh Prabhu

Manufacturing sector contributes 20 percent to India’s economy. (Representational) NEW DELHI: Commerce and Industries Minister Suresh Prabhu today said India is expected to become a $ 5 trillion economy in the next 8-9 years with the manufacturing sector contributing 20 per cent to that. “India is going to be $5 trillion economy in 8-9 years. $1 trillion will come from ... Read More »

Apple Plans New US Campus, Says Will Spend $350 Billion Over Next 5 Years

Apple has for years faced scrutiny and criticism around the world for its tax policies (Reuters) Apple, the world’s most valuable company, said Wednesday it will spend $350 billion in development and create 20,000 jobs in the United States in the next five years, outlining for the first time how it will invest in the U.S. economy following the new ... Read More »

China’s 2017 GDP Accelerates For The First Time In Seven Years

China’s GDP grew 6.8 percent in the December quarter from a year earlier Beijing: China’s economy grew faster than expected in the fourth quarter of 2017, as an export recovery helped the country post its first annual acceleration in growth in seven years, defying concerns that intensifying curbs on industry and credit would hurt expansion. The official growth figures released on ... Read More »

H-1B Visa Holders Drive Innovation, Help Build US Economy: American Lawmakers

Hundreds of thousands of Indians on H-1B visas drive innovation, build and strengthen the US economy WASHINGTON:  Asserting that H-1B visa holders drive innovation and help build and strengthen the American economy, top US lawmakers today backed the Trump administration’s decision that it was not considering any proposal which would force such people to leave the country. “H-1B visa holders, many ... Read More »

PM Modi, Economists Brainstorm On Ways To Revive Growth

The interactive session, organised by NITI Aayog, was attended by PM Modi (File Photo) NEW DELHI:  Prime Minister Narendra Modi today brainstormed with economists and experts on the state of the economy as the government looks to revive growth which is set to hit a 4-year low. The meeting with over 40 economists and sectoral experts came weeks before the NDA-government ... Read More »