India’s share of global gross domestic product (GDP) rose to 7.93 percent in 2023 when adjusted for purchasing power parity (PPP) and was projected to increase to 9.66 percent by 2029. This reflects the growth of India’s economy, which is helped in this ranking by the low purchasing pow...
(e.g., Arrow et al., 1995). In our context, the State Council of China (2005) explicitly required the rich regions to prioritize improving environmental quality, while directing the poor areas to promote industrialization and urbanization. It is thus possible that the lower trade cost brought...
The Reserve Bank of India is expected to leave its key interest rate unchanged at 6.50% and for the rest of 2023, according to a Reuters poll of economists. Although inflation hit an 18-month low of 4.70% in April, it is not seen falling to the RBI's 4% medium-term target for at...
Over the course of January, the local statistics bureaus of China’s 31 mainland provinces, municipalities, and autonomous regions (hereinafter collectively referred to as “provinces”) have released local economic data for 2023. The data, which includes nominal GDP, GDP growth rates, and...
The results indicate the existence of a long-run equilibrium relationship between the health factors and GDP growth; however, in the short term, the variables are found to be in a state of disequilibrium. Specifically, the study reveals that infant mortality, road traffic mortality, and health...
To calculate PPP, economists use a group of goods to calculate the ratio of the price of this group in each country. This ratio is then used to convert all countries into a standardized price level, on parity with each other. Why use PPP? A U.S. dollar in the United States does ...
(World Bank 2023). Declining rates of growth lead to an aging population, although the total population may be growing. The fast-growing world population has motivated a large number of studies on the effects of population growth on the economy and the environment and the optimal population ...
In China, economic development has been almost exclusively defined through the lens of gross domestic product (GDP). Additionally, the indicator is deeply
Singh is to bring the ratio to 60 per cent till 2023 comprising 40 per cent for Central government and 20 per cent for State Governments which is presently at 49 and 21 per cent respectively. Table 1: India's debt-to-GDP ratio from 2007 to 2016 Year Debt-to-GDP (Percentage) 2007 74...
To calculate PPP, economists use a group of goods to calculate the ratio of the price of this group in each country. This ratio is then used to convert all countries into a standardized price level, on parity with each other. Why use PPP? A U.S. dollar in the United States does ...