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He said with India's GDP poised to grow at fast pace, for every few years they will add $1 trillion to our economy

AS CASH poured out of China at the start of this year, hedge funds lined up to bet against the yuan. Many thought it only a matter of time before the government ran down its foreign-exchange reserves, forcing a big depreciation. Publicly, Chinese officials scoffed. “Declare currency war against China? ...

ECONOMIC growth stems from two main sources: putting more people to work or enabling workers to operate more efficiently (ie, better productivity). With the workforce in many developed economies likely to stagnate or decline in the next two decades as the baby-boomer generation retires, a lot is riding on improvements ...

EIGHTEEN months of relatively low oil prices have helped many parts of the aviation industry. Cheaper jet fuel has contributed to record profits at airlines in America; the world’s biggest planemakers, Airbus and Boeing, have compiled fat order books thanks to growing demand for air travel. But one part of ...

BITCOIN is back. Fans (and holders) of the crypto-currency were celebrating after its price jumped more than 20% in the five days to May 31st, to nearly $550—a level it last reached in August 2014. They should contain their elation: the factors driving the rally are not unalloyed positives, and ...

It takes dough to make bread THE name of the Grand Global Hotel suggests no want of ambition. But the project ran into financial problems before building work had even finished, says its owner, Emmanuel Tugume. His bank raised interest rates, and would not make allowances for delays in construction. Mr ...

STANDING amid the skyscrapers of Tel Aviv, looking west over the sun-warmed Mediterranean, one can almost forget how unlikely Israel’s recent economic success has been. The country is a fortress: a tiny island of prosperity in a troubled region. Its neighbours are hostile; Syria, in the midst of a devastatingly ...

CONSIDERING the help provided to big foreign manufacturers in Morocco over the past few years, it would have taken a serious effort by them to fail. Renault, a French carmaker, for example, is thriving: of 2.8m cars it made globally last year, one in ten trundled out from its two ...

Business is picking up THERE is little outward sign that Walmart’s “supercentre” in Rogers, Arkansas differs from any other of the giant retailer’s outlets. Walmart conquered America with such “big box” stores—vast concrete blocks in an ocean of parking spaces. Inside stretches aisle upon aisle of merchandise, from Patti LaBelle sweet-potato ...

Limited connection MAKING the case that Apple’s gizmos are not “cutting-edge” is a way to goad devotees into an online tirade about the quality of the iPhone’s camera or the slimness of MacBooks. Such debates can usually be ignored by non-geeks. But not in India: a ministerial decision deeming that the ...