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India GDP will grow to a $6 trillion by 2027

India is likely to be the world’s fastest-growing large economy in the next 10 years, driven by digitisation, favourable demographics, globalisation and reforms, predicts a Morgan Stanley report. According to the global financial services major, the trend line in India’s annual gross domestic product (GDP) growth has been accelerating to 6.9% in 2000s, from 5.8% in the 1990s, and this momentum is likely to continue in the next decade as well. Morgan Stanley expects digitisation will provide a boost of 50-75 basis points to GDP growth and forecast that India will grow to a $6 trillion economy and achieve upper-middle income status by 2026-27. India’s GDP growth slipped to a three-year low of 5.7% in April-June as disruptions caused by demonetisation spilled over to the third straight quarter amid slowdown in manufacturing activities. Experts believe that reforms over the past year have created disruption in India’s GDP numbers, but the medium term growth potential of the country look
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Who is Johanna Konta?

Johanna Konta: The British number one sensation in Wimbledon. Konta, now the world number seven, admits she was "pretty serious" about her tennis from the age of nine, and her sleep-deprived father would no doubt agree. His daughter used to drag him out of bed at five in the morning to go for a run. Sixth seed Konta, 26, matched Virginia Wade's 1978 feat with a gutsy 6-7 (2-7) 7-6 (7-5) 6-4 win over Romanian second seed Simona Halep. She has equalled her best Grand Slam run and will next face Venus Williams.
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India: ISRO PSLV-38 successfully puts 31 satellites into orbit

ISRO’s Polar Satellite Launch Vehicle PSLV-C38 successfully launched the 712 kg Cartosat-2 Series Satellite along with 30 co-passenger satellites today from Satish Dhawan Space Centre SHAR, Sriharikota. This is the thirty ninth consecutively successful mission of PSLV.  PSLV-C38 lifted off at 0929 hrs (9:29 am) IST, as planned, from the First Launch Pad. After a flight of about 16 minutes, the satellites achieved a polar Sun Synchronous Orbit of 505 km inclined at an angle of 97.44 degree to the equator (very close to the intended orbit) and in the succeeding seven and a half minutes, all the 31 satellites successfully separated from the PSLV in a predetermined sequence beginning with Cartosat-2 series satellite, followed by NIUSAT and 29 customer satellites. The total number of Indian satellites launched by PSLV now stands at 48.  After separation, the two solar arrays of Cartosat-2 series satellite were deployed automatically and ISRO's Telemetry, Tracking and Command Network
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UK: Terror Attack killed 19 in Ariana Grande concert

Nineteen people have been killed in a suspected explosion at the end of a pop concert by US star Ariana Grande in Manchester in northwest England that is being treated as a terrorist incident, police said. Eyewitnesses described a "huge bomb-like bang" and scenes of panic as young fans fled the venue. A fleet of ambulances was seen rushing to the venue and bomb disposal teams were dispatched soon after. "So far 19 people have been confirmed dead, with around 50 others injured. This is currently being treated as a terrorist incident until police know otherwise," police said in a statement. The first unconfirmed reports of an explosion emerged shortly after 2145 GMT on Monday. "We heard the last song go and then suddenly there was a massive flash and then a bang and smoke," said Gary Walker from Leeds who was with his wife waiting for their daughters to come out told BBC Radio 5 Live. Walker said he was hit by shrapnel in his foot while his wife sustaine
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North Korea launch latest ICBM

North Korea’s apparently successful launch of a mid-to-long range missile indicated a significant advance in its drive for an intercontinental ballistic missile, monitors said on Monday, a worrying sign for the Korean peninsula and the US. The isolated North boasted on Monday that the launch the previous day, supervised by leader Kim Jong Un, was aimed at verifying the capability to carry a “large scale heavy nuclear warhead”. Kim accused the US of “browbeating” countries that “have no nukes” and warned Washington not to misjudge the reality that its mainland is in the North’s “sighting range for strike”, the North’s official KCNA news agency reported. However, the US military’s Pacific Command said on Sunday the type of missile that was fired was “not consistent” with an ICBM and South Korea’s military played down the North’s claim of technical progress on atmospheric re-entry. “We believe the possibility of that is low,” said Roh Jae-cheon, a spokesman for South Korea’s Office of
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India's Foreign Trade Policy 2017

I. MERCHANDISE TRADE EXPORTS (including re-exports) In continuation with the double digit growth exhibited by exports during March 2017, exports during April 2017have shown growth of 19.77 per cent in dollar terms valued at US$ 24635.09 million as compared to US$ 20568.85 million during April,2016. In Rupee terms, duringApril 2017 exports were valued at Rs. 158913.79 crore as compared to Rs. 136720.11 crore during April,2016, registering a positive growth of 16.23 per cent. Non-petroleum and Non Gems & Jewellery exports in April 2017 were valued at US$ 17718.87 million against US$ 15136.41 million in April 2016, an increase of 17.06 %. The growth in exports is positive for all major economies, USA (4.74%), EU (0.16%),Japan (13.30%) except for China (-1.56%)for February 2017 over the corresponding period of previous year as per latest WTO statistics. IMPORTS Imports during April 2017 were valued at US$ 37884.28 million (Rs. 244380.52crore) which was 49.07 per cent higher in Do
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India boycotts China's Belt & Road Forum

India on Sunday boycotted China’s high-profile Belt and Road Forum, taking its protest over a controversial economic corridor traversing through Pakistan-occupied Kashmir (PoK) to a new level despite Beijing’s overtures to ensure New Delhi’s participation. Following India’s boycott, Pakistan Prime Minister Nawaz Sharif, taking a veiled swipe at New Delhi’s move, said the multi-billion dollar China-Pakistan Economic Corridor (CPEC) was an economic project open to all the nations in the region and it “must not be politicised”. No Indian official of any level was present at the elaborate opening ceremony attended by 29 heads of state and government along with top officials of the world bodies like the UN, the World Bank and the IMF. India skipped the meeting due to its sovereignty concerns over the USD 50 billion CPEC, which passes through PoK. Sharif, Sri Lankan Premier Ranil Wickramasinge, Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan were among the w
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