Page 62 - India

India a superpower, ahead of China now: African Union chairperson Assoumani

President of the Union of Comoros and chairperson of the African Union (AU), Azali Assoumani, on Sunday said India is a superpower in terms of "inhabitance" and "ahead of China now"

India growth story strong, policy reforms promote biz: The Economist Group

India is well placed to benefit from geopolitical and economic trends that are driving the diversification of Asia's manufacturing supply chain, and it is also the country's "manufacturing moment", according to The Economist Group. While emphasising that India has a strong growth story, Upasana Dutt, Head of India at The Economist Group, also said that policy reforms are making it easier to do business in the country. India is the world's fastest-growing major economy and clocked a growth of 7.8 per cent in the June quarter. The government has also come out with various initiatives, including Production Linked Incentive (PLI) schemes to boost domestic manufacturing activities in different sectors. Last month, Economist Impact, which is an official network partner to the B20, hosted a forum in the national capital on 'Navigating new globalisation, innovation for progress'. Economist Impact is a division of The Economist Group. It works with various partners, including major ...

India is important partner of Canada: Trudeau after talks with PM Modi

India is an "extraordinarily important" economy and an "important partner" of Canada in a range of sectors including fighting climate change and creating economic growth, Canadian Prime Minister Justin Trudeau said on Sunday. His comments at a media briefing came shortly after he held talks with Prime Minister Narendra Modi on the sidelines of the G20 Summit. Asked about India's concerns over the increasing activities of the Khalistani elements in Canada, Trudeau said his country will always defend freedom of peaceful protest but at the same time asserted that it will always prevent violence and push back against hatred. He also said that the actions of the few do not represent the entire community or Canada. "India is an extraordinarily important economy in the world and an important partner to Canada on everything from fighting climate change to creating growth and prosperity for the citizens," he said. The Canadian prime minister said both sides will continue to look at expansi

India greatest trade partner in S Asia, will tap huge potential: Erdogan

Turkish President Recep Tayyip Erdogan on Sunday said India is his country's greatest trade partner in South Asia and expressed confidence of tapping the huge potential of cooperation between the two countries. Addressing a press conference after the conclusion of the G20 leaders' summit, Erdogan also said that on the sidelines of the summit, he held talks with Prime Minister Narendra Modi. "India is our greatest trade partner in South Asia. And we will be able to tap the great potential of cooperation, primarily in the field of economy and many other sectors, after the election that took place in Turkiye earlier this year," he said. He also hailed the African Union becoming a member of the G20, saying it would revitalise the grouping.

Text on Ukraine in G20 declaration reflected convergent consensus

The text relating to Ukraine conflict in the G20 leaders' declaration is a "convergent consensus" rather than a "divisive consensus" and it could show a path to resolution of the crisis, official sources said on Sunday, a day after India pulled off a breakthrough on the contentious issue. It was a combination of Prime Minister Narendra Modi's "guarantee and magic", the sources said while referring to total unanimity among member nations on the entire New Delhi G20 leaders' declaration. India managed to hammer out an unexpected consensus among the G20 countries on the contentious Ukraine conflict through a series of hectic negotiations with emerging economies such as Brazil, South Africa and Indonesia playing a leading role in reaching the agreement on the declaration. It is important to look at the nature of the consensus with the document as the declaration actually reflects "47 sub-consensus" in a range of issues, the sources said. Explaining it further, they said the declaration

G20 '23 proved can still drive solutions to its most pressing issues: Biden

US President Joe Biden on Sunday said this year's G20 summit has proven that the grouping can still drive solutions to its most pressing issues. He made the remarks in a post on X as he left for Vietnam after he and several other G20 leaders paid homage at Mahatma Gandhi's memorial Rajghat here this morning. "At a moment when the global economy is suffering from the overlapping shocks of the climate crisis, fragility, and conflict, this year's Summit proved that the G20 can still drive solutions to our most pressing issues," Biden said. On his first visit to India as the US President, Biden arrived in the national capital on Friday to attend the two-day G20 summit and held talks with Prime Minister Narendra Modi the same day. In their over 50-minute talks, Modi and Biden vowed to "deepen and diversify" the bilateral major defence partnership while welcoming forward movement in India's procurement of 31 drones and joint development of jet engines. Biden also participated in key ...

'India-Europe-Middle East corridor largest cooperation project in history'

Welcoming the announcement of the ambitious India-Middle East-Europe Economic Corridor (IMEC), Israeli Prime Minister Benjamin Netanyahu has described it as the "largest cooperation project in our history" that will "change the face of the Middle East, Israel, and will affect the entire world". The new economic corridor, which many see as an alternative to China's Belt and Road Initiative, was jointly announced on Saturday by the leaders of the US, India, Saudi Arabia, the United Arab Emirates, France, Germany, Italy and the European Union on the sidelines of the G20 summit in New Delhi. In a video message released late Saturday evening, Netanyahu said that Israel is at the focus of an unprecedented international project that will link infrastructure from Asia to Europe. "I welcome the statement that was released today by the United States, India, Saudi Arabia, the UAE and the European Union, as well as France, Italy and Germany," Netanyahu said. "A good week to you, citizens of ..

US President Biden leaves for Vietnam after concluding India visit

US President Joe Biden left for Vietnam after he and several other G20 leaders paid homage at Mahatma Gandhi's memorial Rajghat here on Sunday morning. On his first visit to India as the US President, Biden arrived in the national capital on Friday to attend the two-day G20 summit and held talks with Prime Minister Narendra Modi the same day. In their over 50-minute talks, Modi and Biden vowed to "deepen and diversify" the bilateral major defence partnership while welcoming forward movement in India's procurement of 31 drones and joint development of jet engines. Biden also participated in key sessions of the G20 Summit on Saturday.

India-Middle East-Europe economic corridor launched at Delhi G20 Summit

Lauding the launch of the India-Middle East-Europe connectivity corridor, Prime Minister Narendra Modi said that a historic agreement was concluded today

A look at the millet-rich culinary extravaganza that awaits G20 guests

G20 Summit in New Delhi: With 2023 having been declared the "International Year of Millets", lunch will unsurprisingly be millet-heavy

US to sign Mideast-India-EU rail and shipping deal during G20 Summit

The plan is more than just an infrastructure project, US Deputy National Security Adviser Jonathan Finer told reporters Saturday in New Delhi on the first day of the Group of 20 summit

G20 Summit 2023: PM Modi opens the meeting with 'Bharat' nameplate

During PM Modi's opening remarks at the G20 Summit, the country's nameplate read 'Bharat' instead of the traditional 'India'

India all set to host G20 Summit in Delhi: Here's what's on agenda

The summit is being attended by more than 30 heads of state and top officials from the European Union and invited guest countries and 14 heads of international organisations

Xi to welcome debt-burdened leaders in China as he skips G20 Summit

Zambian President Hakainde Hichilema will visit China from Sept. 10-16, while Venezuela's Nicolás Maduro will arrive on Friday for a seven-day trip, the Foreign Ministry in Beijing said

Live: Hoping to conclude successful FTA with India, says Rishi Sunak

Catch all the latest updates from across the globe here

Advancing relationship with India will be priority this week: US Secy

Yellen also commented on the World Bank's concerns about high-interest rates and slow global growth and stressed that Russia's war on Ukraine has inflated energy and food prices

'India needs to grow at 8-9% for 20 yrs to become developed nation by 2047'

India needs to grow at 8-9 per cent for the next 20 years to become a developed nation by 2047 as envisioned by Prime Minister Narendra Modi, Deloitte South Asia Ceo Romal Shetty said. He said India can benefit from the 'China plus one' strategy as no other country can offer the scale and size of operations as is available here. Referring to the space sector, Shetty said India already has 200 startups and can attract investments of USD 100 billion by 2040. "We need to grow at 8-9 per cent till at least 2047 to become a developed economy.... moving away from middle income level... To grow at that pace is not easy. Very few countries in the world have been able to grow at a pace of 8-9 per cent year-on -year," Shetty told PTI. Modi in an interview to PTI recently said India will be in the top 3 economies in the near future. "By 2047, I am sure that our country will be among the developed countries. Our economy will be even more inclusive and innovative," he had said. India is curre

G20 Summit: What is open and closed in Delhi? Here's all you need to know

As the G20 Summit approaches, there will be public holidays in New Delhi to ensure the safety and smooth proceedings from 9 to 10 September

Confident that India will do 'everything possible': UN chief ahead of G20

UN Secretary-General Antonio Guterres has expressed confidence that India, all set to host the leaders' summit during its G20 presidency, will do everything possible to ensure that existing geopolitical divides are overcome and the crucial gathering of world leaders concludes with possible results." Guterres will arrive in Delhi on Friday to attend the G20 Leaders' Summit on September 9 and 10 for which world leaders, including US President Joe Biden, are travelling to India. Russian President Vladimir Putin and Chinese President Xi Jinping are not attending the summit. "I'm confident that India will do everything possible to make sure that the geopolitical divides that exist are overcome and that the G20 can conclude with possible results, Guterres said in Jakarta where he is participating in the 13th ASEAN-UN Summit. He was responding to a question on his expectations from India as the G20 host as well as New Delhi's support for bringing the African Union (AU) into the grouping o

Optimistic about India's future but harmonious society essential: Ex-PM MMS

Singh said India could rise to become an economic powerhouse in the coming decades through an emphasis on manufacturing and production combined with services