巴拉特

分类： bharat

  • 4 men accused of gang-rape of young Indian doctor in Hyderabad killed by police in escape attempt

    All four of the men accused of a grisly rape and murder of a young Indian veterinarian have been shot dead by police, around the same area the young vet’s badly burned remains were discovered.
    The men had reportedly been taken to an area near the initial crime scene by police in order to reconstruct the events that led up to 26-year-old Priyanka Reddy’s horrific death when one of the accused grabbed an officer’s service weapon and fired, attempting an escape. All four were killed when police shot back, according to the Shamshabad district police chief.

    The group was arrested in late November after Reddy’s charred corpse was found by a local resident beneath an overpass on the outskirts of the city of Hyderabad. According to police, the group punctured a tire on Reddy’s unattended motorbike and then offered to give her a ride when she returned, ultimately abducting the young woman. It is believed she died of suffocation before the men attempted to incinerate her remains.

    The gruesome killing sparked widespread outrage and protests across India, with tens of thousands gathering on the streets of Hyderabad to demand justice for Reddy. Police were forced to call in reinforcements to prevent an enraged mob from lynching the suspects on the spot, ultimately dispersing the crowd when demonstrators began hurling projectiles at officers. The accused were identified as Mohammad Areef – the prime suspect – Jollu Shiva, Jollu Naveen, and Chintakunta Chennakeshavulu. Many Indians demanded a harsh punishment for the suspects in the wake of the murder, including the death penalty, with the mother of one of the men even stating: “If my son is wrong, burn him the same way [Reddy] was burned.”

  • India to become $5 trillion economy, doubters are just ‘professional pessimists’

    India to become $5 trillion economy, doubters are just ‘professional pessimists’

    Explaining how India can achieve the ambitious target of becoming a $5 trillion economy in the next five years, Indian Prime Minister Narendra Modi has hit out at those who sow the seeds of doubt over the plan.
    “I am confident that we will achieve the goal of $5 trillion economy in 5 years, but some people ask what is the need for this and why is it being done? This is the section which is called ‘professional pessimists,’” Modi told Bharatiya Janata Party workers in Varanasi, as cited by local media. It was Modi’s first visit to his constituency in Uttar Pradesh state, northern India, since re-election.

    He also said to beware of the “pessimists,” adding that they bring “more problems and troubles than you ever imagined.”
    “Size of the cake matters,” Modi stated as he explained why it is important for India to stick to his plan.

    Larger the size of the economy will be, the larger the prosperity will it bring for the country.

    Achieving the goal is not such a difficult task, he said. To do so, India has to raise per capita income, which will in turn boost purchasing power and the rise of demand, further triggering an expansion in services.

    Farmers could also contribute to economic success. In his speech on Saturday, Modi said the government is seeking to create an environment for export of agricultural products as it views farmers “as exporters and beyond just being producer of food.”

    Earlier this week, India rolled out a roadmap to reach the $5 trillion objective, laid down by the prime minister in mid-June. On Friday, Indian Finance Minister Nirmala Sitharaman presented her maiden Union Budget to parliament. In her speech presenting the economic plan for 2019-20, she said the country is set to become a $3 trillion economy by the end of the year, adding that Modi’s goal is “well within” India’s capacity.
    The budget stipulates a continuation of structural reforms and heavy investment in infrastructure and digital economy to make India a $5 trillion economy.

    One day before the finance minister’s speech, the chief economic adviser to the government of India (CEA) presented ‘Economic Survey 2019’. The document states that India needs to sustain real GDP growth of eight percent to achieve the $5 trillion economy status. Economic growth should be driven by a “virtuous cycle” of savings, investment, and exports, according to the survey.

    As global economic growth cools down and is expected to grow at the slowest pace in three years this year (2.6 percent), India remains one of the fastest growing economies in the world. According to Nasdaq analysts, it is in the top five, and is expected to grow at 7.4 percent till 2021. It also boasts the status of world’s third largest economy in terms of purchasing power parity and seventh largest in terms of nominal GDP.

  • India to push Japan out of world’s top 3 economies by 2025

    India is projected to outpace the UK by the end of the year to become one of the world’s top five economies. It will then take it just six more years to overtake Japan as the world’s third largest economy, a new study suggests.
    India’s gross domestic product (GDP) is expected to reach $5.9 trillion by 2025, according to the estimates of global consulting firm IHS Markit. The forecast plays into Indian Prime Minister Narendra Modi’s ambitious plan to make the country a $5 trillion economy in the next five years.

    “Total Indian GDP is forecast to rise from $3.1 trillion in 2019 to $5.9 trillion by 2025, while the size of the Indian consumer market is forecast to increase from $1.9 trillion in 2019 to $3.6 trillion by 2025,” the report reckoned. It adds that the country is set to be one of the main drivers of growth in the Asia-Pacific region and will contribute greatly to global GDP growth.
    However, to enter the ranks of the world’s upper middle-income countries, India has to address several challenges, such as reforms to its legal system and labor market and development of its transport and power infrastructure, among other priorities, according to the report.

    “Despite significant achievements in new infrastructure construction during PM Modi’s first term, rapid infrastructure development in key sectors such as transport and power infrastructure remain important priorities, as well as reducing the regulatory burden of government red tape,” the IHS Markit analysis reads.
    Those priorities were highlighted in the latest annual Economic Survey published by the Indian government earlier this month. The document, set to serve as a roadmap to reach the $5 trillion objective, says that India’s growth should be driven by a “virtuous cycle” of savings, investment, and exports.

    The consultancy stressed that, despite the existing challenges, the country’s economic outlook looks positive for Modi’s second term, with annual economic growth expected to stand at 7 percent over the 2019-2023 period.