India needs to grow at average 7.8% to become high-income country by 2047: World Bank

India needs to grow at average 7.8% to become high-income country by 2047: World Bank

“India will need to grow at an average of 7.8% to become a high-income country by 2047,” a World Bank report said on Friday (February 28, 2025.) To achieve this goal, India would require reforms in the financial sector as well as in land and labour market, the World Bank said in its India Country … Read more

MPs 27 times wealthier than an average urban household

MPs 27 times wealthier than an average urban household

The 2024 general elections might have substantially changed the composition of the Lok Sabha in terms of party strengths, leading to a coalition government. However, candidates who thrived – even in the 2019 elections – were inevitably rich across most parties with assets equivalent to that of the top 10% of the urban households of … Read more

Average live water stock in Maharashtra falls to 20%

Average live water stock in Maharashtra falls to 20%

Although the monsoon has arrived early in Maharashtra this year, a drought situation continues to exist. Multiple reservoirs in Beed and Dharashiv have 0% live water storage left. Vidarbha and Konkan regions have the most water stock. State government officials say the ground situation remains concerning. Maharashtra has 138 major dams. There are also 260 … Read more

Roadmap for 2047 should include an average growth of 7% to 7.5%, says senior Finance Ministry official

Roadmap for 2047 should include an average growth of 7% to 7.5%, says senior Finance Ministry official

Vivek Joshi, Secretary, Department of Financial Services, in New Delhi. | Photo Credit: KAMAL NARANG The roadmap for 2047, includes an average growth of 7% to 7.5%; rise of domestic savings to 31% of GDP; rise in credit-to-GDP ratio to 130% among others, said Vivek Joshi, Secretary, Department of Financial Services, Ministry of Finance on … Read more

If T.N. can sustain its current average of 10% growth, it may reach USD 1 trillion economy benchmark by 2034: report

If T.N. can sustain its current average of 10% growth, it may reach  USD 1 trillion economy benchmark by 2034: report

Tamil Nadu Chief Minister M. K. Stalin releasing the report, ‘Accelerating Tamil Nadu’s progress to becoming a One Trillion Dollar Economy by 2030-31’ at a function held in Chennai on Saturday. Looking on are: (from left) Subhrakant Panda, president, FICCI, T. M. Anbarasan, Minister for MSME, T. Mano Thangaraj, Minister for Information Technology and Anish … Read more

Covid: Teachers ‘not at higher risk’ of death than average

Covid: Teachers ‘not at higher risk’ of death than average

ONS analyst Ben Humberstone said: “As the pandemic has progressed, we have learnt more about the disease and the communities it impacts most. There are a complex combination of factors that influence the risk of death; from your age and your ethnicity, where you live and who you live with, to pre-existing health conditions. Source … Read more

Most Indian customers could consider buying an electric vehicle by 2022: Study

Most Indian customers could consider buying an electric vehicle by 2022: Study

NEW DELHI: Most consumers in India would consider buying an electric vehicle by 2022, but most of them also believe that it won’t be until 2025 that the majority of new cars purchased are electric, according to a study by lubricants major Castrol. The study found that on an average for consumers in India, a … Read more