Doubts swirl as India aims to be a developed economy by 2047: ‘there is a big gap’

Despite a challenging global environment, India’s gross domestic product grew by as much as 7.8 per cent in the year to March, according to International Monetary Fund estimates. China, meanwhile, reported GDP growth of 5.2 per cent in 2023. But economists say a host of legacy issues that could hinder investments still need to be … Read more

China’s ‘two sessions’ 2024: did premier’s speech move the needle for foreign, private business?

Beijing is angling to revive confidence in private entrepreneurs and foreign investors via a renewed campaign for a unified national market and better business environment – an essential task to fulfil its ambitious expansion target of around 5 per cent and ensure economic stability in 2024. In his maiden government work report on Tuesday, Premier … Read more

China pledges further measures to make payment apps easier for foreigners to use as it looks to boost economy

China has pledged to make it easier for foreigners to use payment apps and to reduce barriers for the private sector as part of its latest efforts to restore investor confidence. On Friday state news agency Xinhua reported that the State Council, China’s cabinet, had approved unspecified measures to make it easier for foreigners and … Read more