Kharge's remarks came after Modi on Friday said the Congress stands "badly exposed" in front of people for promising to them what the party knows it will never be able to deliver.
India's economic growth slowed to a 15-month low of 6.7 per cent in April-June 2024-25, mainly due to poor performance of the agriculture and services sectors, government data showed on Friday. The gross domestic product (GDP) expanded by 8.2 per cent in the April-June quarter of 2022-23. India, however, remained the fastest-growing major economy, as China posted a 4.7 per cent growth in April-June 2024.
The outbreak has resulted in Chinese cities being largely deserted, with tourist attractions shut and a few eateries requiring temperature checks and masks.
India's economy grew 7.6 per cent in the September quarter of this fiscal and remained the fastest-growing large economy, mainly due to better performance by manufacturing, mining and services sectors, the government data showed on Thursday. The gross domestic product (GDP) expanded by 6.2 per cent in the July-September quarter of 2022-23. India remained the fastest-growing major economy, as China posted a 4.9 per cent growth in July-September 2023.
The circular, issued on Saturday, also reiterated that all visas as well as e-visas issued to Chinese nationals before February 5 have been suspended with immediate effect.
China's GDP took the worst hit since the disastrous Cultural Revolution in 1976, plummeting by 6.8 per cent in the first quarter of 2020 as the country took unprecedented measures to fight the coronavirus pandemic that brought the world's second largest economy to a standstill. China's gross domestic product stood at 20.65 trillion yuan (USD 2.91 trillion, approx) in the first quarter of 2020 amid the Covid-19 impact, down 6.8 per cent year on year, China's National Bureau of Statistics (NBS) said on Friday.
Kotak Mahindra Bank was the biggest loser from the Sensex pack, skidding 1.83 per cent, followed by Axis Bank, NTPC, Hindustan Unilever, ICICI Bank, Bharti Airtel, Reliance Industries, HCL Technologies, IndusInd Bank and Nestle. In contrast, Bajaj Finance, Bajaj Finserv, Tech Mahindra, Tata Consultancy Services, Titan, Infosys, HDFC Bank, HDFC and ITC were the gainers.
A series of modest support measures from the government over the year helped stave off worries of a more dramatic slowdown
The trade between India and China has touched an all-time high of $135.98 billion in 2022 while New Delhi's trade deficit with Beijing crossed for the first time a $100 billion mark despite frosty bilateral relations, according to data released by the Chinese customs on Friday. The total Sino-India trade for 2022 has climbed to 135.98 billion, overtaking the $125 billion mark a year earlier by registering an 8.4 per cent increase, according to the annual Chinese customs data. China's exports to India climbed to $118.5 billion, a year-on-year increase of 21.7 per cent.
China's covid crisis could provoke a raw material crunch for India's EV industry later this year.
China's post COVID-19 pandemic economic rebound showed signs of slowdown as the economy grew at 7.9 per cent in the second quarter compared to a record 18.3 per cent in Q1, while the GDP expanded 12.7 per cent year on year in the first half amid the continued global spread of the coronavirus and unbalanced domestic recovery. In the second quarter, the GDP of the second largest economy in the world grew 7.9 per cent year on year, the data released by the National Bureau of Statistics, (NBS) on Thursday showed. On a quarterly basis, the economy expanded 1.3 per cent in Q2.
ONGC was the top loser in the Sensex pack, shedding around 5 per cent, followed by Sun Pharma, PowerGrid, Bajaj Finance, IndusInd Bank, Dr Reddy's and Maruti. On the other hand, Reliance Industries, Titan, HDFC Bank and ITC were the gainers.
Zhang Yesui, spokesperson for China's Parliament -- the National People's Congress -- in his media briefing ahead of Friday's annual session also sought to deflect allegations that the virus emerged in Wuhan, saying that the recent reports indicated coronavirus occurred earlier in different parts of the world.
Answering questions on the clashes near Naku La Pass in the Sikkim sector which resulted in injuries to both sides, Chinese Foreign Ministry spokesman Zhao Lijian said that the most pressing issue for the world at present is the fight against the coronavirus.
Gokhale's visit for bilateral consultations is taking place amid renewed optimism that the vexed issue of listing of Pakistan-based Jaish-e-Muhammed chief Masood Azhar as a global terrorist by the United Nations, which has been stalled by China, is headed for a resolution in the coming weeks
'There are reports of political dissent mounting on Xi Jinping's handling of the Wuhan fallout.'
China, India should not get involved in a battle over GDP.
Data for the four largest emerging economies showed contrasting activity trends in November. China registered growth for the seventh month running, while India posted the fastest growth since June.
The pace of economic growth in emerging markets continued to revive from the stagnation seen earlier in the year.
The HSBC Emerging Markets Index, a monthly indicator derived from the PMI surveys, remained only just above the neutral threshold of 50.0 in September, signalling muted output growth in emerging markets.
"Terrorism is an enemy of the basic human rights: of life, peace and prosperity," Swaraj said.
India's service sector proportionately much larger than China's, while its investment and industrial-production shares are much lower
The government has set seven per cent as the GDP target for this year.
China posted the sharpest increase in output for 15 months, while India saw the steepest expansion since February 2013.
Despite superior margins, JLR hasn't had a smooth ride in China.
'Markets should be driven more or less by earnings growth.'
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