On 21 January, 2019, an article released by PWC-India stated that in 2019, India would overtake the UK to become the fifth largest economy (in nominal terms). India has arrived to the world’s centerstage. What does it mean for us?
India is one of the world’s fastest growing large economies, sometimes being touted as a potential economic and geopolitical counterweight to China. Recently, however, its growth fell to its slowest pace in six years. So what’s causing this slowdown, and how can it be reversed? CNBC’s Tom Chitty explains.
The framework of investing a dollar and then earning a succession of pennies is ubiquitous. But it has limitations. A recent bank scam in India illustrates this point, writes Shreenivas Kunte, CFA.