Author
Minhaz Merchant is the biographer of Rajiv Gandhi and Aditya Birla and author of The New Clash of Civilizations (Rupa, 2014). He is founder of Sterling Newspapers Pvt. Ltd. which was acquired by the Indian Express group
Per capita income takes into account several variables including the dollar-rupee exchange rate and the relative cost of living in different geographies
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Extractive colonies like India were reduced from accounting for 23 per cent of global economic output in 1757 to 3 per cent in 1947, after 190 years of British extractive colonialism
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A report by Goldman Sachs, The Rise of Affluent India, projected that the number of affluent consumers of luxury goods and services will nearly double from 60 million today to over 100 million in 2027
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The five southern states are not alone in competing for foreign investment; Maharashtra, Madhya Pradesh, Gujarat, Haryana and Uttar Pradesh are also accelerating their efforts
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With both property and stock prices caught in a downward spiral, Chinese consumers are spending less on consumer goods, travel and discretionary purchases
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For India it won’t matter much whether Kamala or Trump is the next US president. American foreign policy is cast in stone. On trade and technology, Kamala will be more aligned to India’s interests while Trump will insist on lowering import barriers
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India missed the first AI bus. It will take years to catch up with levels already attained in Taiwan, China, Korea and parts of the West. But India’s large pool of software engineers and tech entrepreneurs are an asset few other countries posses
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The strategy should be to fix a privatisation target in the Union Budget (as is customary) along with a new separate market divestment target
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According to the United Nations Department of Economic and Social Affairs (UNDESA) which released these figures recently as part of its biennial World Population Report (WPP), India’s population figures in 2100 (1.50 billion) will be more than double China’s population (633 million)
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As Europe turns sharply right and US voters consider the Hobson’s choice between Biden and Trump, Washington knows the ground is shifting beneath its feet, writes the author
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