 India has replaced Japan as the world’s 2nd largest steel producing country, while China is the largest producer of crude steel, accounting for more than 51% of production, according to the World Steel Association. The global steel body, in its latest report, stated that China’s crude steel output jumped 6.6% to 928.3 million tonnes in 2018 from 870.9 MT in 2017. China’s share increased from 50.3 percent in 2017 to 51.3% in 2018. India’s crude steel production in 2018 was at 106.5 MT, up 4.9% from 101.5 MT in 2017. Japan produced 104.3 MT in 2018, down 0.3% compared to 2017. |
| Source: BloombergQuint |
 Nearly 65% of Indian organizations are better prepared for the European Union’s General Data Protection Regulation (GDPR), making the country the sixth leading nation globally in the GDPR readiness index, global networking leader, according to CISCO. The GDPR, which focused on increasing protection for EU residents’ privacy and personal data, came into force in May 2018 and organizations globally have been working steadily towards getting ready for it. |
| Source- Business Standard |
 With robust private consumption and 7.4% GDP growth rate in the current fiscal, the Indian economy is expected to accelerate at a rate of 7.6% in 2019-20, according to a report by the United Nations titled United Nations’ World Economic Situation and Prospects (WESP) 2019. As per the report, the world trade growth moderated over the course of 2018 to 3.8% from growth of 5.3% in 2017. |
| SOurce- ANI News |
 India has moved up one position to rank 80th on the global talent competitive index, but remains a laggard among the BRICS nations. Switzerland continues to top the list, released on the first day of the World Economic Forum (WEF) Annual Meeting at Davos by INSEAD business school in partnership with Tata Communications and Adecco Group. |
| The top 3 countries in the list are: 1. Switzerland, 2. Singapore, 3. The United States. |
 India is among the most trusted nations globally when it comes to government, business, NGOs and media. The 2019 Edelman Trust Barometer report, noted that the Global Trust Index witnessed a marginal increase of 3 points to 52. China topped the Trust Index among both the informed public and the general population segments. India was at the 2nd place in the informed public category and 3rd place in the general population category. The findings are based on an online survey in 27 markets covering over 33,000 respondents. In terms of trust in companies headquartered in each market, the most trusted are those from Switzerland, Germany, and Canada. |
| Source: AIR World Service |
 India is likely to surpass the United Kingdom in the world’s largest economy rankings in 2019, to become the world’s fifth largest economy, according to a report by global consultancy firm PwC. PwC’s Global Economy Watch report projects real GDP growth of 1.6% for the UK, 1.7% for France and 7.6% for India in 2019. According to World Bank data, India became the world’s sixth largest economy in 2017 surpassing France and was likely to go past the UK which stood at the fifth position. The US was the world’s largest economy with a size of 19.39 trillion dollars, followed by China at 12.23 trillion dollars at the second place in 2017. |
| Source- AIR World Service |
 The World Economic Forum released the 14th edition of its annual Global Risk Report,2019. The report’s findings are based on the annual Global Risks Perception Survey, in which nearly 1,000 decision-makers from the public sector, private sector, academia, and civil society assess the risks facing the world. The report was released ahead of the World Economic Forum’s Annual Meeting in Davos. Trade tensions, cyber and technological threats, rising geopolitical and geo-economic tensions, and environmental degradation dominated the list. |
| Source: The WEF |
 The 11th edition of EIU Democracy Index 2018 was released by the Economist Intelligent Unit compiling the state of democracies in 167 countries in the world. In the list, Norway topped and India has ranked at 41st place on the Economist Intelligence Unit’s annual Global Democracy Index. The Index was started in 2006. |
The top 3 performing countries on the Democracy Index 2018 are:
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| Source- The Economist |
 According to the Henley Passport Index, India jumped two positions from 81st in 2018 to 79th in 2019. Japan retained its top spot as the world’s most travel-friendly passport. China jumped almost 20 places in just two years, from 85th in 2017 to 69th this year. The Henley Passport Index is based on data provided by the International Air Transport Authority (IATA) and covers 199 passports and 227 travel destinations. |
| Source: NDTV |
 A report by World Economic Forum stated that India is set to become the world’s third largest consumer market behind only USA and China by 2030. The report was titled as ‘Future of Consumption in Fast-Growth Consumer Market – India’. As per the report, consumer spending in India is expected to grow from 1.5 trillion US dollar at present to six trillion US dollar by 2030. With the annual GDP growth rate of 7.5 percent, India is currently the world’s sixth largest economy. |
| Source- The Hindu Business Line |
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