Global chief executive officers should stop praying for a miracle in China. As the investment- and export-driven boom of the last 15 years comes to an end, the days of double-digit annual growth in gross domestic product are over. Depending on the pace and nature of economic and institutional reforms, the new normal for GDP growth will be somewhere in the 6 percent to 7 percent range…..…..…
The commerce ministers of India and China meet Monday in New Delhi, and the trade balance between the two countries is set to be a matter of particular controversy. Indian leaders have become alarmed by their growing trade deficit with China….….…
Godfrey Hounsfield, an EMI scientist, conceived the world’s first CT scanner in 1967. By the time he won the 1979 Nobel Prize in Medicine, EMI had ceded almost complete control over the CT scanner market to later entrants GE and Siemens…..…..…
In terms of India’s standing on the global stage, the current 10 years have the potential to become the most important decade in the country’s history. Given good governance, India could easily overtake China to become the world’s fastest-growing economy……..…
China’s indigenous innovation program, launched in 2006, has alarmed the world’s technology giants. A recent report from the U.S. Chamber of Commerce even went so far as to call this program “a blueprint for technology theft on a scale the world has not seen before.”…..…..…
@anilkgupta