India is likely to emerge as one of the top three economies of the world along with the US and China by 2050, according to a study.
Stocks and other risky assets are rallying around the world this week because the Group of 20 nations said over the weekend that they would keep the economic stimulus flowing.
The dollar may come under renewed pressure from emerging-market currencies and the euro after a meeting of the world’s top finance officials failed to take concrete action on rebalancing global
Britain threw its weight on Saturday behind proposals to impose a global levy on banks to fund future bailouts but failed to make much progress on securing a G20 deal to meet the cost of climate change.
India hopes to conclude talks for a free-trade agreement with the European Union.
Bolstering the world economic recovery and crafting a deal to fight climate change will be top of the agenda for G20 finance ministers meeting tomorrow in Scotland.
The G20 finance chiefs meet in St. Andrews, Scotland, on Friday and Saturday.
Climate envoys met on Monday in Bangkok with a new sense of urgency
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