India’s economy has leapt forward and overtaken the United Kingdom for the first time in over 100 years, now standing as the world’s sixth largest economy by GDP after Untied States, China, Japan, Germany and France. India’ rapid economic growth over the last 25 years as well as Britain’s recent woes with Brexit, one expected…
Tim Harford author of Messy, Undercover Economist at the FT, Presenter of BBC More or Less won the 2016 Bastiat Prize for his column in Financial Times Weekend Magazine. His works include looking at familiar situations in unfamiliar ways and explains the fundamental principles of the modern economy. His theory that challenges and problems can…
Hidden tax havens controls almost a tenth of the world’s financial wealth. Tax evasion by the super rich has pushed trillions of pounds out of government’s reach. This book is must read for all those interested in Future of democracy, inequality and global justice. This book provides the fascinating history of tax havens and what…
International credit rating agency Moody has downgraded Brazil’s ratings on Tuesday 11th August 2015, from Baa2 to Baa3, but improved country’s outlook from negative to stable. In less than a year Rio de Janeiro will become the first South American city to host Olympics games. Brazil is the largest country in South America in area…
Over the past two centuries, the capitalism has undergone constant changes and economical cycle which lurch from boom to bust and always has emerged transformed and strengthened. Paul Mason an economic editor at Channel 4 News and Guardian columnist believes that after two decades the western capitalism which dominated the world, this economic system has…
Millions of Greeks have voted No in a critical referendum on whether to accept the terms of an International bail out. The Government had urged the people to voted No, saying the bail out terms are humiliating. Only 39 % voted yes but overwhelming 61% voted No, as large crowds gathered in Athens to celebrate.…
Growth in the World’s third largest Japanese economy expanded by 1 per cent in the first quarter, best for Japan in two years, up from an initial estimate of 0.6 per cent from the previous quarter according to an official government data. A leap in business spending aided growth above all expectations. It grew 3.9%…
Indian economy grew by 7.5 per cent unexpectedly in the 3 months ending in March 2015, higher than previous quarters, and outpaced China in the last two quarters. The country’s annual growth for the year 2014-15 is 7.3 per cent. If more population of an economic system have disposable income, then only does the demand…
India, Philippines and Vietnam are the new pace setters replacing China, Indonesia and Thailand, helped by cheaper oil and trading patterns as Chinese economic boom is beginning to fade. World Bank expect Chinese to dominate the economy until 2017 after which according to private analysts, India is well placed to outpace China for the top…
China’s ability to produce globally competitive companies makes us wonder, if they are buying the world. The second richest, 60 year old Chinese billionaire, Wang Jianlin is buying a 20% stake in Spanish football club Atletico Madrid for €45m ($52m; £34m) as he looks to diversify his business empire further. Last year, Atletico Madrid won…