It is very difficult to compare the economy of India with China. The entire world is looking to these countries. The GDP growth rate in these countries is really amazing. Both these countries have ancient civilizations and the economies are controlled by number of social and economical factors. The economy of China is more developed than India. India is the 11 the largest economy in case of exchange rates. China is in the second position after U.S. Indian GDP is around $1.3123 trillion where Chinese GDP is around $4.9092 trillion. Indian GDP growth is 8.6% where Chinese GDP growth is 9.6%.
Monthly Archives: November 2011
Central Bank of India – Specialist Officers Recruitment
Central Bank of India is a leading Public Sector Bank. Formed in 1911 & one among the oldest public sector banks of India, the bank has a presence of over 3600+ branches across 27 states. It gives opportunity to work with them. Here CBI invites applications from Indian Citizens for the Posts of Law Officers, Security Officers, Rajbhasha Adhikari, Agriculture Finance Officers & I T Officers in Specialist Category Officers in various Scales.
India Iran oil Payments
India has paid all oil debts. News was disclosed by Mahmoud Bahmani, Central bank governor of Iran told to the IRNA news agency. The payment was done in cash not by any bartering system. India is the second largest oil buyer of Iran. The Indian interest of repay the debts by bartering system or by any goods was rejected by Iran. Thus the five billion Dollar debt was cleared.
India was struggling to pay the amount for last six months. The main reason was the American pressure on the grounds of Iran’s nuclear programs. Tehran was beaten by the International agencies for the Uranium Enrichment Process. Both U.S. and European Union placed prohibitive restrictions on the transactions with Iranian banks and financial institutions. Many Asian and European banking channels were using New Delhi to pay the amount to Iran. Those actions were closed by the regulations.
