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Indian weak rupee squeezing size of Indian economy in global front ISLAMABAD: As the currency value has depreciated over the last few months, the size of the Indian economy, measured in hard currency at current prices would be around USD 1.6 or USD 1.7 trillion, a latest ASSOCHAM reported."The size of the Indian economy had reached the near USD 2 trillion, but the rupee depreciation has squeezed its size in dollar terms," said the ASSOCHAM paper on "India's External Engagement".According tothe report, As the country's external engagement in terms of trade of goods and services has crossed USD one trillion, as much as 66 percent of India's economy has been inter-woven with the world economy, with the result that all major global events have begun to leave significant impact on the domestic market.As a growing economy, the recent slowdown notwithstanding, we have become close to USD 600 billion market for the world producers of goods and services. As exports, in turn, ...

Afghan election campaign kicks off as NATO troops exit KABUL: Afghanistan's election campaign kicks off on Sunday, with 11 candidates vying to succeed President Hamid Karzai as the country enters an uncertain new era without the aid of NATO combat troops to fight the Taliban.A dispute between Kabul and Washington over whether a small force of US soldiers stays behind beyond 2014 is likely to dominate the two-month campaign, which will culminate in Afghanistan's first-ever democratic transfer of power.Karzai has ruled the country since ...
France's Trierweiler meets hunger experts on India visit MUMBAI: Former French first lady Valerie Trierweiler on Tuesday met with malnutrition experts on the second day of a charity trip to India, following her weekend split from President Francois Hollande, organisers said.Trierweiler spent the first day of her two-day trip to Mumbai visiting a hospital and a slum before attending a gala dinner at a five-star hotel in the evening.But after generating a media frenzy with her every move on Monday, a source at ...
India's BJP set to sweep elections NEW DELHI: India's Hindu nationalist Bharatiya Janata Party looks set to form the next government in looming elections while the ruling Congress is headed for its worst-ever defeat, polls published Saturday suggested.The BJP-led National Democratic Alliance is poised to win between 211 and 231 seats in the 552-seat lower decision-making house of parliament in the elections due by May, according to one opinion poll.On its own, the BJP, led by fiery hardliner Narendra Modi would ...
India foreign minister, Kerry discuss diplomatic row NEW DELHI: The United States and India could soon reschedule a visit by the US energy secretary that was cancelled because of a diplomatic row, New Delhi said after foreign minister Salman Khurshid met his counterpart US Secretary of State John Kerry on Wednesday. "Both sides looked forward to the early realization of the mutually-agreed calendar of bilateral exchanges," India's foreign ministry said in a statement after the two men met in Montreux, ...
Boeing 787 transponder failure causes Air India return to London NEW DELHI: A Boeing Co 787 Dreamliner operated by Air India Ltd this week returned to London due to a communications problem, but has since been operational, the Indian state-run carrier said on Wednesday.The aircraft's transponder failed during the flight on Sunday from London to New Delhi, Air India spokesman G.P. Rao said, adding there was no immediate safety concern. The plane was back in operation on Monday after engineers fixed the transponder, he said.The ...
India top court commutes 15 death sentences due to delays NEW DELHI: India's Supreme Court commuted the sentences of 15 death row convicts on Tuesday, ruling that delays in their execution were grounds to change their sentences to life imprisonment."Delay is a grounds for commuting death penalty to life sentence," read a ruling from the court, which said mental illness and solitary confinement could also be reasons for commuting sentences.Copyright AFP (Agence France-Presse), 2014 ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln