According to the IMF’s latest World Economic Outlook, India’s GDP (PPP) is $13,030. China’s GDP (PPP) is $33,070. None of this suggests India should be pleased that the economic gap between China and India has fallen from five times to a little over two times when per capita income at dollar exchange rates is adjusted for PPP
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An essential takeaway from this book is that profits have to showcase proof of entrepreneurial passion, business performance and path to valuation. This is a wakeup call to the Indian economy, considering the hype and enthusiasm around valuations of its 103 Unicorns, and thousands of other startups, says Srinath Sridharan
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To bridge the divide, we must foster a cultural shift that values and promotes women's participation in all aspects of society, starting with legislative participation towards increased economic empowerment
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Society has become fixated and almost obsessed with achievement, often placing an immense, at times impossible, burden on individuals to succeed at all costs
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Reporting responsibly can contribute to a culture that values the well-being and mental health of our youth over narrow definitions of success
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Services are growing at well over 10 per cent a year. Since the services sector accounts for 60 per cent of India’s GDP, it forms a strong base for annual growth of six per cent (10 per cent of 60 per cent) even if growth in industry or agriculture falters
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India at the helm of the G20 presidency, continues to maintain a static stance on cryptocurrency governance
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The G20 nations may endeavour to establish a universally recognised regulatory framework for crypto-assets, granting individual jurisdictions the flexibility to impose stricter regulations beyond this baseline, possibly even opting for a complete ban if they see fit. Which direction will the Indian regulatory mood blow?
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Bengaluru and Gurgaon, cities that epitomise India's IT prowess today, gained international prominence during this period, however, India's journey towards becoming an IT product nation encountered hurdles, relegating it to a reputation primarily focused on USD-INR arbitrage work and being a market for the infamous phrase – ‘body-shopping’
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Corporate earnings growth too is ahead of companies in the US, Europe, China and Southeast Asia. Investors believe a higher trajectory of corporate profit growth justifies India’s steep P/E ratios
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