The two-week gathering of the congress’s 3,000-plus delegates in the cavernous Great Hall of the People is China’s highest-profile event of the year. Premier Li Keqiang told its opening session that the government is targeting growth of 6.0-6.5% this year lowering its range from 2018 and its lowest since 1990.
India’s chief economic adviser Krishnamurthy Subramanian said the present government’s economic reforms have contributed to an average annual growth rate of 7.3 percent over the past five years. read more
In 2018, the Chinese economy grew 6.6 per cent year-on-year, the slowest pace in 28 years: the forecast in state media is that the growth target will be lower this year at around 6.5 per cent. read more
Facing a future demographic crisis and aging society, China’s leaders are desperately seeking to persuade couples to have more children.But bureaucrats don’t seem to have gotten the message, fining a couple in a recent widely publicized case for having... read more
The budget also focuses on infrastructure development schemes, modernisation and training of police force, connecting major towns by air and expressways, education, skill development and construction of roads, among others. read more
Real GDP or GDP at constant (2011-12) prices for 2017-18 and 2016-17 stand at Rs 131.80 lakh crore and Rs 122.98 lakh crore, respectively, showing growth of 7.2 per cent during 2017-18 and 8.2 per cent during 2016-17, the CSO said. read more
As per the report, while the UK and France have regularly switched places owing to similar levels of development and roughly equal populations, India’s climb up the rankings is likely to be permanent. read more
The medium-term fiscal policy statement in the 2018 budget projected 7.2% GDP growth in 2018-19, and with higher exports and services growth, India is on its way to achieving sustained growth of 8%, finance minister Arun Jaitley said then. read more