The embattled South American nation topped the rankings of Bloomberg’s Misery Index, which sums inflation and unemployment outlooks for 62 economies, for the fifth straight year.
The Indian economy is expected to increase from $2.85 trillion today to $6.5 to 7 trillion by 2030, making us the third or fourth largest economy in the world.
Government officials are working on reforms to be implemented post polls, fearing a sluggish growth period in the year ahead.
He called on the Federal Board of Revenue to simplify the tax return system with easier forms and lesser questions.
The BJP, which is seeking a retain power in elections starting April 11, released its manifesto in New Delhi on Monday, reiterating its pledge double farmer’s income by 2022.
Amid shortages, the government is being forced to ration basics like flour, cooking oil and chicken, leading to long lines outside stores.
On February 22, the veteran leader imposed a nationwide state of emergency to quell the protests after an initial crackdown failed to rein in protesters.
Currently, the size of the Indian economy is about USD 2.9 trillion, he said while addressing students of the Shri Ram College of Commerce in New Delhi.
The RBI’s latest quarterly forward looking surveys give conflicting signals on demand, investments and growth.
Despite high expectations of income and employment, the RBI's own growth outlook is reducing as a result of which rates were reduced.
Several young entrepreneurs felt that the Central government should provide a conducive atmosphere for them to launch their startups and small scale industries here.
He said the country witnessed the highest-ever unemployment, more job losses, lower job creation and worsening social security in the last five years.
The Congress president said another idea that came up during discussions with entrepreneurs was the opening of the banking system to young business-persons and providing them access.
Iceland's government said it estimated that 4,000 travellers were stranded, including around 1,300 currently in transit.
Foreign investors without local expertise wade into the market for soured-loan securities at their peril.