Fitch said US productive potential growth has been revised to 1.4 per cent from 1.9 per cent, the UK to 0.9 per cent from 1.6 per cent and the eurozone (weighted average of Germany, France, Italy and Spain) to 0.7 per cent from 1.2 per cent.
As US and China put an end to trade hostility, prospects brighten for global economy. However, there lies a window of opportunity for India and it must seize this moment.
The exchanged information allows the cantonal tax authorities to verify whether taxpayers have correctly declared their financial accounts abroad in their tax returns.
India is currently the fastest-growing large economy in the world and it “recently became the sixth-largest economy in the world”, PM Modi said during the inaugural address of Petrotech 2019 in Greater Noida.