The International Monetary Fund (IMF) cut India's growth projections for this fiscal year to 7.3 per cent and for the next to 7.5 per cent on Monday, although the country will still retain its top spot in the global growth league.
In a bid to promote trilateral innovation and business opportunities between the US, India, and Israel, Israel-India Technology Group has launched a trilateral fund of $50 million. "We are launching a trilateral investment partnership, a platform which is primarily for the needs and aspirations of the trilateral opportunities," Dennis Mehta, a member of the Israel-India Technology Group said at the Tech Triangle Summit n New Delhi on the sidelines of Israeli Prime Minister Benjamin Netanyahu's six-day visit to India.
The World Bank is estimating India's economy to grow by 6.7 percent during the current fiscal year, higher than the 6.5 percent estimate by the Indian government. The Gross Domestic Product (GDP) growth is expected to rise to 7.3 percent in 2018-19 making India again the world's fastest going economy, according to the World Bank's Global Economic Prospects report released on Tuesday.
Implementation of GST and subsequent slowdown in the manufacturing sector is expected to drag down India's growth to 6.5 per cent in 2017-18, official data showed on Friday, even as industry analysts projected economic growth to be higher due to a favourable base effect.
In northeast India, water-management practices to deal with climate change
In a small village on the north bank of the Brahmaputra in Assam in northeast India, farmer Horen Nath stood gazing at his partially submerged paddy field. The floods had kept their annual date but mercifully, the farmer said, the waters have started receding. "The weather has become very strange of late. We always had ample rain,