Photo: Business Insider
China Overtakes U.S, Global Wealth 'Triples'; McKinsey Analytics Team
McKinsey & Co. reported on November 16, that the global wealth had tripled over the last two decades with China taking the lead and overtaking U.S for the top spot worldwide. The research came after McKinsey's research arm consultants examined the national balance sheets of ten countries representing more than 60 percent of world income. “We are wealthier than we have ever been,” said Jan Mischke, a partner at McKinsey.
Tags: China, United States, world economy, 5 Trillion Economy, McKinsey & Co
Courtesy: The Indian Express
Photo: The Economic Times
IMF Expert Projects 11.5% Growth In Indian GDP By 2021; Targets $5 Trillion Economy
The International Monetary Fund has projected a growth of 11.5% in the GDP of India for the year 2021. The growth will support India firmly in reaching its target of $5 Trillion economy. Moreover, the IMF in its World Economic Outlook expects much better growth in the Indian economy as compared to china (8.1%). Wishing luck for the projections, Commerce and Industry Minister Piyush Goyal termed India as "Bright start in the Global Market".… read-more
Tags: India, GDP, 5 Trillion Economy, IMF
Courtesy: The Times of India
Representational Image / Apple
USD 900 Million to be Invested in India by Apple's Top Suppliers
Apple Inc's top three contract manufacturers Foxconn, Wistron, and Pegatron are planning to invest almost USD 900 million in India in the next 5 years. The companies are planning to invest under the government's new USD 6.65 billion production-linked incentive (PLI), aiming to transform India into an export and manufacturing hub. Foxconn, as the biggest investor, will focus on manufacturing iPhones and creating around 10,000 jobs in India.… read-more
Tags: Apple, iphone, India, 5 Trillion Economy
Courtesy: The Economic Times
