The graphic below shows the change in composition of World GDP over the last 500 years. The economy of China and India were much larger in the 16th,17th, 18th and 19th centuries than they are today.Both the economies started to shrink from the 1850s. However they are growing at an increasing pace with China’s GDP …
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Rising health spending is adding more pressure to government budgets according to a recent health data report by the OECD. In all OECD countries health spending is rising faster than economic growth. The average ratio of health spending to GDP rose from 7.8% in 2000 to 9.0% in 2008. Growing health care costs with falling …
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The Financial Express newspaper of India published India’s Best Banks in March this year. The banks were ranked based on the following factors: Strength & Soundness Growth Profitability Efficiency Credit Quality India’s Best Banks Click to Enlarge HDFC Bank (HDB) took the top rank in the New Private Sector Bank category. ICICI Bank (IBN) was …
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The investment firm KBW has published its “Takeover List” in the U.S. banking sector after a gap of about two and half years. An article in The Wall Street Journal noted some of the reasons for the expected M&A activity include: A lack of earnings power Tough regulation on capital and use of debt More …