India changed in less than 10 years, American company mentioned ten changes in its report.
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India changed in less than 10 years, American company mentioned ten changes in its report. Prime Minister India has changed under the leadership of Narendra Modi and today is on the way to gain a place in the world order. This has been said in a report of the American brokerage company. The report said that today India is poised to play an important role in Asian and global growth. The report says that skepticism about India, especially in the case of foreign investors, is like ignoring the remarkable changes that have happened since 2014. The report rejects criticism that despite being the world’s second fastest growing economy and the best performing stock market in the last 25 years, India has not delivered to its potential.
India has made a place in the system of the world
The report says that India has changed in less than a decade. “This is a different India from 2013. In a short span of 10 years, India has made a place in the world system. Listing out 10 major changes since 2014 when Prime Minister Modi assumed office, the brokerage said the corporate tax rate in India has been brought at par with other countries. In addition, investment in infrastructure is increasing. The report states that with this, the collection of Goods and Services Tax (GST) is continuously increasing. Also, digital transactions as a percentage of gross domestic product (GDP) are increasing, which is a sign of the economy becoming organized.India changed in less than 10 years, American company mentioned ten changes in its report.
Signs of slowdown in China’s economy
India changed in less than 10 years, American company mentioned ten changes in its report. Factory activity in China declined in May. This indicates that China’s economic recovery has been sluggish after the end of virus control measures. The monthly purchasing managers’ index released by the National Statistics Office and an industry group fell to 48.4 in May from 49.2 in April. An index below 50 indicates sluggishness. Chinese manufacturers have been hurt by weakening global demand as central banks in the US, Europe and Asia raised interest rates to check inflation. On the domestic front, travel and business activity has picked up in China after anti-virus curbs were lifted. But the pace of improvement in these is less than expected. China’s economic growth rate stood at 4.5 per cent in the quarter ended March. It was 2.9 percent in the previous quarter. It needs to increase in the coming quarters to reach the government’s target of 5 per cent per annum.
India changed in less than 10 years, American company mentioned ten changes in its report.
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