News broke in India of patients infected with tuberculosis (TB) that has become resistant to all the drugs used against the disease. Physicians called the strain TDR, for Totally Drug-Resistant TB. This followed earlier moves by health ministers from countries with the highest rates of extreme drug-resistant (XDR) TB committed to an action plan
Please see below selected recent intelligence about India. This is a synthesis of major recent developments at corporates, business schools, thinktanks, media, commentators, and other key influencers.
- Real GDP growth in India accelerated to 7.9% year on year in January-March, the fourth quarter of fiscal year 2015-16, according to data released by the Central Statistical Office. In 2015-16 GDP grew by 7.6% on an expenditure basis, up from 7.2% in the previous year. Although the latest statistics show robust growth momentum, scepticism over underlying growth components - particularly manufacturing - continues. Still, the Economist Intelligence Unit expects the rate of economic expansion to accelerate in India in 2016-17, thanks to rising private consumption.
Please see below selected pre-2016 intelligence about India. This is a synthesis of major recent developments at corporates, business schools, thinktanks, media, commentators, and other key influencers.
- Buoyed by rising manufacturing output, India’s economy grew by 7.4% in the third quarter compared with the same three months last year. Buffered by financial gales two years ago, India is now the best performer among the BRICS economies, outpacing China’s growth rate of 6.9% in the third quarter. Inflationary pressures have receded, but reforms intended to streamline taxes, such as introducing a national sales tax, have stalled in parliament.
According to the World Bank's Global Development Horizons 2011 - Multipolarity: The New Global Economy, six countries will lead global economic growth, expanding on average by 4.7% annually between 2011 and 2025.
India is set to become the world's fifth largest consumer market by 2025, providing significant opportunities for consumer business companies, says a new Deloitte study, 'Consumer 2020: Reading the signs'.
Two centuries of western hegemony may be coming to a close rather earlier than many had imagined: in 2011 the economies of the rising states are likely to grow by 8% more, while debt-burdened advanced nations will mostly struggle to expand by more than 2%. The pattern is well-established. The global divide is now between slow- and fast-growing nations as much as between the rich and the rising.
Non-meat eaters help the planet through "climate mitigation", according to a politician.