SME Times is powered by   
Search News
Just in:   • NDA show of strength: Nitish Kumar takes oath as Bihar CM for 10th time, PM Modi attends ceremony   • S. Korea to raise anti-dumping tariffs for 2 Chinese PET film companies  • Govt reviews RBI's proposal on opening foreign bank branches, Indian banks’ global expansion  • Sensex, Nifty end near record highs as financials lead rally  • Renewable energy share in India’s power mix likely to cross 35 pc by 2030 
Last updated: 27 Sep, 2014  

India.Growth.9.Thmb.jpg India's development discussed at African Union meet

India.Growth.9.jpg
   Top Stories
» Sensex, Nifty end near record highs as financials lead rally
» 26 e-commerce platforms declare compliance with self-audit to eliminate dark patterns: Govt
» Gold edges lower on stronger dollar, Fed minutes weigh on rate-cut hopes
» Financial inclusion, digital transformation are India’s big success stories: DFS Secretary
» Goyal to visit Israel for high-level trade talks, proposed FTA review on agenda
Hadra Ahmed | 29 May, 2013
India's progress came up for discussion when a panel at the African Union deliberated upon the UN's Human Development Index.

The Human Development Index (HDI) Report 2013, which is a series of global Human Development Reports published by the United Nations Development Program (UNDP), reveals that India has shown progress on different fronts.

The report was discussed Sunday as part of the 50th anniversary of the Organisation of African Unity (OAU), now called African Union.

The discussion had the theme of African renaissance in the context of the rise of the South.

The panelists were UNDP administrator Helen Clark, former Nigeria president Oulsengun Obasanjo, former president of Ghana John A. Kuffour, and African Union Commission's (AUC) former commissioner of economic affairs Maxwell Mkwezalamba.

The report states that for the first time in 150 years, the combined output of the developing world's three leading economies India, Brazil and China is about equal to the combined Growth Development Plan (GDP) of the longstanding industrial powers of the North -- Canada, France, Germany, Italy, Britain and the US.

"The rise of the south is not only about the group Brazil, Russia, India, China and South Africa (BRICS) but it is also about a whole range of countries across continents which has been managing the economic growth and the human development progress together," said Helen Clark.

She added that the connection between trades, investment, migration, mobile phones, ICTs in general and the growing connection between Africa and the world is also driving development.

For instance, Indian firms are supplying affordable medicines, medical equipments and communications technology products and services to countries in Africa. The same is true for Chinese, Brazilian and South African companies, whose investments in the Sub-Saharan Africa rose highly over the years.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹88.70
₹87
UK Pound
₹119.90
₹116
Euro
₹104.25
₹100.65
Japanese Yen ₹59.20 ₹57.30
As on 30 Oct, 2025
  Daily Poll
Who do you think will benefit more from the India - UK FTA in the long run?
 Indian businesses & consumers.
 UK businesses & consumers.
 Both will gain equally.
 The impact will be negligible for both.
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter