Developing Countries

  • India's rising middle class competing with America, says Barack Obama May 29, 2014

    As a rising middle class from Brazil to India competes with Americans, and as new nations embrace democracy and market economies, the US has to be ready to respond to this new world order, President Barack Obama on Wednesday said. "The world is changing with accelerating speed. This presents opportunity,...
  • Safeguard economic growth: WB to developing countries January 16, 2013

    Washington: The World Bank has asked the developing countries like India and Brazil to safeguard their economic growth, given that the world economy remains fragile and growth in highincome countries is weak four years after the onset of the global financial crisis. Developing countries need to focus on raising the...
  • India lost $123 billion in black money: report December 18, 2012

    Washington: The Indian economy suffered $1.6 billion in illicit financial outflows in 2010, cappingoff a decade in which it experienced black money losses of $123 billion, according to a new report. India is ranked as the decade's 8th largest victim of illicit capital flight behind China, Mexico, Malaysia, Saudi Arabia,...
  • More funds needed to cut carbon emissions: PM June 22, 2012

    New Delhi: Friday is the last day of the Earth Summit at Rio and 191 member nations of the United Nations are expected to endorse the final draft proposal that lays down new mechanisms for eventual funding and technology transfer for sustainable development. On Thursday, Prime Minister Manmohan Singh...
  • Focus must be on growth more than on austerity: G20 June 20, 2012

    European leaders rejected the pressure to deliver quick new measures to fight their debt crisis, even as the G20 said the focus should be on growth more than austerity. ...
  • G20 agrees to invest in developing countries June 20, 2012

    Los Cabos: In a big success for India, the G20 countries on Wednesday agreed to give priority to investment in infrastructure in developing countries as a way to stimulate global growth which has been stunted due to the faltering world economy and the Eurozone crisis. "We will intensify our efforts to...
  • Illiteracy costs India more than $ 53 bn a year: report April 11, 2012

    New Delhi: Illiteracy is costing Indian economy more than $ 53 billion a year, a report has estimated. According to the report titled 'Economic and Social Cost of Illiteracy' by World Literacy Foundation, illiteracy costs India an estimated $ 53.56 billion. The losses to China are pegged higher at $ 135.60...
  • People over 65 die from stroke in developing nations March 1, 2012

    London: Stroke is one of the main cause of death among people over the age of 65 in developing countries like India and China, according to new research. The study surveyed 12,373 people aged 65 and over between 2003 and 2005 in a total of 10 urban and rural sites in...
  • US considers removing all tariffs for poor nations July 9, 2011

    Washington: The US government said on Friday it is investigating the probable economic effects of eliminating all tariffs and quotas on goods from the world's leastdeveloped countries (LDCs). The US International Trade Commission said it would report its findings to the US Trade Representative's office in February, two months after a...
  • EU fails to agree on climate funds; India seeks aid October 21, 2009

    Luxembourg: Talks on a new UN climate deal stumbled on Tuesday when European Union finance ministers failed to agree funds for poor countries and India reiterated demands for aid to help curb its emissions. An impasse among finance ministers from the 27-nation EU means the issue of EU aid...
  • Indians happier than many developed nations: Survey July 28, 2009

    New Delhi: India is way ahead of many developed economies, including the US and the UK, in terms of happy lives and eco-friendliness, with the country cornering the 35th spot among 143 nations. The 'Happy Planet Index (HPI)' compiled by UK-based New Economic Foundation has placed India at the 35th...
  • World population to top nine billion in 2050: UN March 12, 2009

    United Nations: The world's population will hit seven billion early in 2012 and top nine billion in 2050, with the vast majority of the increase coming in the developing countries of Asia and Africa, according to a UN estimate. Director of the UN Population Division Hania Zlotnik said that "there have...
  • Poverty on rise in developing nations: World Bank February 16, 2009

    New Delhi: New data from the World Bank shows that the global financial crisis will push tens of millions more people into poverty. The Bank estimates lower economic growth rates will force about one hundred mn people to live on less than $2 a day than was expected before the...
  • G20 vows to work together on global economic crisis November 16, 2008

    Washington DC: The two-day Summit of global leaders has ended on Saturday with a call for concerted action to tackle the financial crisis. World leaders had gathered in Washington DC to back a series of measures to kick-start the global economy with better financial market regulation and more say for...
  • Developed nations flout Doha accord: India June 19, 2007

    New Delhi: While launching the Doha round of talks, the formula suggested by the developed countries seeks to bring down the duties on industrial goods in the developing countries by 66 per cent while they will bring them down just by 33 per cent. This would open up the markets of...