 India's economy is projected to grow 7.6% in fiscal year 2018-19, remaining the fastest growing economy in the world, according to a United Nations report. The UN World Economic Situation and Prospects (WESP)as of mid-2018 launched recently stated that GDP growth in India is expected to climb to 7.5 and 7.6% in fiscal years 2017-18 and 2018-19 respectively. This is a substantial recovery from the 6.7 per cent growth India registered in fiscal year 2017. Amid ongoing structural reforms, growth in the Chinese economy is projected to gradually moderate from 6.9% in 2017 to 6.5% in 2018 and 6.3% in 2019. World economic growth is now forecast to reach 3.2% both in 2018 and 2019, an upward revision by 0.2 and 0.1 percentage points, respectively. |
| Source- The Times of India |
 As per the Swachh Survekshan-2018 results, Indore has once again emerged as the cleanliest city in India.Bhopal has been ranked 2nd and Chandigarh 3rd in the survey at the national level. The announcement was made in New Delhi by Housing and Urban Affairs Minister Hardeep Singh Puri. Besides, Vijaywada in Andhra Pradesh is India’s cleanest big city with a population of over 10 lakh. Ghaziabad in Uttar Pradesh is ‘Fastest Mover’ big city. New Delhi Municipal Council is country’s cleanest small city having a population between one lakh to three lakh. The Swachh Survekshan 2018 assessed 4203 urban local bodies and was organized by the Ministry of Housing and Urban Affairs under the Swachh Bharat Mission (Urban). The exercise was undertaken between 4th January to 10th March 2018. Jharkhand has been declared the best-performing state, followed by Maharashtra. |
Among other highlights of the Swachh Survekshan 2018:
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| Source- The Quint |
 India emerged as the third largest solar market in the world in 2017 behind China and the US, according to the report of Mercom Communications India. India has grown at a CAGR of approximately 170% since 2010. As per the report, India set a new record with 9.6 GW of solar installations in 2017, which was more than double the 4.3 GW installed in 2016. The robust growth boosted the country's total solar installed capacity to 19.6 GW as of December 2017. |
| Source- DD News |
 India has become the largest remittance-receiving country in the world, with migrant workers from the country sending home 69 billion US dollars in 2017. According to the report ‘RemitSCOPE – Remittance markets and opportunities – Asia and the Pacific’, remittances to the Asia-Pacific region amounted to 256 billion dollars in 2017. India with 69 billion Dollars, China with 64 billion Dollars and the Philippines with 33 billion Dollars are the three largest remittance-receiving countries in the world in 2017. Worldwide, an estimated 40% of the total value of remittances goes to rural areas. According to the report, cash-to-cash transactions remain by far the most common form of transfer. |
| Source- The Economic Times |
 India was ranked 6th on Global Optimism Index released as part of Grant Thornton’s International Business Report (IBR) in the first quarter of 2018. The report was prepared based on the results of a survey of 2,500 businesses in 37 economies. India had topped the chart for four years. The top five nations in the report are Austria, Finland, Indonesia, the Netherlands and the US. |
| Source- Business Standard |
 Prime Minister Narendra Modi has been ranked ninth on Forbes' 2018 list of 'the world's most powerful people'. Chinese President Xi Jinping ranked first, followed by Russian President Vladimir Putin and US President Donald Trump at the second and third rank, respectively. The only other Indian to feature on the list is Reliance Industries Chairman Mukesh Ambani at 32. The PM Modi ranks ahead of Facebook CEO Mark Zuckerberg (who is at 13th spot). |
| Source- The Forbes |
 India has ranked fourth out of 25 nations in the Asia-Pacific region on an index that measures their overall power. The US has topped the list. India has been pegged as a “giant of the future”. The Lowy Institute Asia Power Index measures power across 25 countries and territories in the Asia-Pacific region, reaching as far west as Pakistan, as far north as Russia, and as far into the Pacific as Australia, New Zealand and the US. India is ranked fourth on the parameters economic resources, military capability, diplomatic influence and fifth on resilience. The report said that India ranks third for its aggregate resources score and is set to become the fastest-growing economy in the region, predicted to grow 169% between 2016 and 2030. China holds a top-two position across all but one measure and ranks first in economic relationships, diplomatic influence and future trends. |
| Source- The Livemint |
 Global consultant AT Kearney released the Foreign Direct Investment (FDI) Confidence Index 2018, an annual survey which tracks the impact of political, economic and regulatory changes on the FDI preferences of Chief Executive Officers (CEOs) and Chief Financial Officers (CFOs) of the country. The United States (US) topped the index, followed by Canada at 2nd and Germany at the 3rd place. The index ranked India at the 11th spot, three places down from the previous year. In the year 2017, India was ranked 8th. It is the first time since 2015 that India has been pushed out of the top 10. |
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The top 5 Countries in the list are:
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 According to the Deutsche Bank research report, the Indian economy is witnessing a "cyclical upswing"and the country is likely to clock a GDP growth of 7. 5% this financial year. The Reserve Bank expects India's economic growth rate to strengthen to 7.4% in the current fiscal, from 6.6% in 2017-18, on account of revival in investment activity. |
| Source- The Economic Times |
 Online search engine Google is the most trusted Internet brand in India, followed by Facebook, as per the TRA Brand Trust Report 2018. With 1.2 trillion searches per year, Google has become the first port of call for all things on the Internet. Google was followed by Facebook, Amazon and eBay. The biggest falls in trust were seen by Snapdeal, who fell by 142 ranks over last year. The top trust gainers this year were Netflix (up 506 ranks over last year). TRA’s Brand Trust Report 2018 report covers 2488 consumer-influencers across 16 cities in India and generated 5 million data points. |
| Source- The Firstpost |
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