Word: gdp
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...Businessmen like Rao are faced with immense new opportunities?and familiar obstacles?as India's economy enters a critical period in which it could achieve a China-like breakout or stall once again. India's gross domestic product (GDP) soared 8.4% on an annualized basis in the July-to-September quarter?its best performance in nearly a decade. In the fiscal year ending in March, growth is expected to surpass 7%, making India the second-fastest-growing economy in Asia (after China). The Bombay stock exchange shot up by 73% in 2003, and tens of thousands of Indians joined...
...conference warning Americans to take action against the upcoming fiscal crisis. The groups cautioned, “the budget will remain mired in deficit throughout the next ten years…Thereafter, as Boomers retire and cash in their entitlement claims, the deficit will explode to 6 percent of GDP by 2020, 12 percent by 2030, and an economy-shattering 21 percent by 2040.” According to the projections, the total national debt will equal total gross domestic product by the late 2020s and quadruple it by 2040. While some will argue that the group?...
...tons Estimated amount of opium poppies harvested this year in Afghanistan, worth $2.5 billion, or half the country's GDP...
...Small wonder that only 20% of Serbs in a recent poll said their country was headed in the right direction. Foreign debt is nearing $13 billion, compared to a GDP of around $10 billion. Industrial production continues to fall. Unemployment is at 35%. Serbs have tried and failed three times to elect a President (not enough people bothered to turn out) while the current coalition government's ceaseless infighting has "destroyed people's faith in the reform process," says one senior diplomat. All this is proving fertile ground for Tomislav Nikolic, the grim-faced Serbian Radical Party campaigner...
...status quo. They're protesting government plans to reform their higher-education system - plans that in some cases place a greater share of the financial burden on students. European universities desperately need more money in order to compete with the United States, which spends over 2% of its GDP - more than any other developed country - on higher education. Many of Europe's universities are run down, with overcrowded classrooms and a lack of such basic equipment as science laboratories and computers. American universities are also better at turning out students with a master's degree in six years, while...