How India keeps economy afloat amid global financial gloom
21 February 2023 | 2:55 pm
The Indian economy is expected to grow 6.9 % in the 2023 fiscal year, the World Bank has forecasted. But despite economic growth, India still has one of the highest levels of income inequality in the world.
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The recent announcement of a US-backed rail and shipping project linking India with the Middle East and Europe is seen as a challenge to Beijing's "Belt and Road Initiative."
Coming off what has been considered a successful G20 summit, India is building on its position as a neutral partner to countries with competing interests.
German economy posts zero growth in second quarter. German gross domestic product (GDP) remained level between the first and second quarters of 2023, according to new data released last week. Year-on-year, the economy contracted by 0.2% in the second quarter.
Maleesha Kharwa is a 15-year-old Indian influencer and model with more than 376,000 Instagram followers, who once lived with her family in a waterfront slum in Mumbai, in a hutment on a shoreline strewn with garbage.
India urged its citizens to "exercise extreme caution" in Canada amid a diplomatic dispute over the killing of a Sikh separatist leader. Canada suggested that Indian agents might be tied to the killing, angering Delhi.
The suspension of visa services is the latest tit-for-tat move following the murder of an Sikh activist in Canada. India's foreign ministry has confirmed the move.
The Indian government is exploring the idea of holding simultaneous elections at the national, state and local levels. But the opposition has slammed it, saying it goes against the spirit of federalism.
Actor Shah Rukh Khan, known as the "King of Bollywood," happens to be a Muslim. Some analysts say his religion has become a painful thorn in the side of Narendra Modi's India, where Hindu nationalism is on the rise.
Secretary of State Antony Blinken has said that the US takes "very, very seriously" incidents of "transnational repression," adding that he wants to ensure "accountability."
Mirwaiz Umar Farooq was taken into custody in 2019, after India revoked Kashmir's autonomous status. Farooq gave a speech at a mosque following his release, where he said he aims for peace in Kashmir.
Citing declining inflation and a strong rebound in economic activity, Ghana's central bank on Monday (September 25) held its interest rate at 30%.
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