Global Ratings agency S&P said India will be the world’s third-largest economy by 2030, but a major test for the country would be to unlock the ‘immense opportunity’ and become the next big global manufacturing hub. The US-based rating agency expects India to be the fastest growing major economy in the next three years, with GDP growth reaching 7% by 2026, from 6.4% projected expansion in the current fiscal. “India is set to become the third-largest economy by 2030, and we expect it will be the fastest growing major economy in the next three years. A paramount test will be whether India can become the next big global manufacturing hub, an immense opportunity,” the ratings agency said.
Indian Americans
Indian American Tech Firm Owner Indicted for Bribing US Official
The indictment alleges that Parimal Mehta paid bribes to Charles Dodd in exchange for preferential treatment for his company, FutureNet, which received approximately $7.5 million from Detroit in 2015 and 2016. MICHIGAN (TIP): An Indian American […]
United States
Child Tax Credit: New update address feature available with IRS online portal; make other changes by Aug. 30 for September payment
WASHINGTON(TIP): The Internal Revenue Service has launched a new feature allowing any family receiving monthly Child Tax Credit payments to quickly and easily update their mailing address using the Child Tax Credit Update Portal, found […]
World
Russia moves more troops westward
Moscow (TIP): Russia is sending troops from the country’s far east to Belarus for major war games, officials said on January 18, in a deployment further beefing up Russian military assets near Ukraine amid Western […]
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