India’s annual GDP growth tumbled from 8.3% in 2016 to 4.2% in 2019. It contracted by 7.3% in 2020–2021 and the 2021 GDP forecast has been downgraded by around 17% — the worst among the G20 countries. japantimes.co.jp/opinion/2021/0…
The continuing legal fight with Vodafone over retrospective tax claims has eroded investor confidence. The GST suffered from design flaws and was badly implemented. The voodoo economics of demonetization was a disaster.
India's democratic credentials are also eroding, as recorded in annual surveys by the Economist Intelligence Unit’s Democracy Index, the U.S. Freedom House report and Sweden’s Varieties of Democracy project.
The only glue holding the Congress Party together is the Gandhi family.
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U.K. infections of Covid-19 continue to rise, posing a dilemma for Boris Johnson ahead of a crunch decision on whether to proceed with the final stage of reopening the economy trib.al/q9L2xeF
The month-long rising trend has been fueled by the faster-spreading delta variant of the virus first identified in India, which now accounts for more than 90% of infections in the U.K.
“It’s really important that we try and open up our economy again, because the economic damage is immense,” Former Prime Minister Tony Blair told Bloomberg TV on Friday.
The system, which operated between 1831 and 1996, removed about 150,000 indigenous children from their families and brought them to Christian residential schools run on behalf of the federal government.
Indigenous children had their long hair, which often had spiritual significance for them, cut upon arrival and were forbidden from speaking their native languages. Students were given European names and, often, numbers and uniforms.
China's glamorous rich have been known to be ostentatious, showing off their luxury cars and handbags online - often to the envy of their followers.
But increasingly, any kind of wealth flaunting is being met with hostility and disdain. bbc.com/news/world-asi…
While the country's average annual income is 32,189 yuan ($5,030; £3,560), or around 2,682 yuan per month, Beijing has also become home to more billionaires than any other city in the world.
For the rich to blatantly show off their assets is thus instantly seen as tone deaf. While this is common for most nations with an income inequality problem, China is in a uniquely awkward position, experts say.
The intensifying global race is a challenge for Japan. China and South Korea rapidly eroded the country's dominance of the market for lithium-ion batteries. Determined to avoid a repeat, Japan's government is spearheading the commercialization of the latest battery technology.
Techno System Research says China and South Korea accounted for more than 70% of total shipments of automotive batteries in 2020. China's Contemporary Amperex Technology, or CATL, held a 26% share, and LG Chem controlled 23%.
Los Angeles magazine alleges a pattern of behavior in which Ali got close to these influential figures, became an integral part of their inner circle, and, in one case, moved into their home before overstaying his welcome. thedailybeast.com/twitter-supers…
Though he has insinuated that he’s the scion of a wealthy Iranian family, public records show that he’s encountered a slew of financial hardships. He’s been evicted from multiple residences, defaulted on several loans, and has racked up tens of thousands of dollars in tax liens.