India has been ranked as the 58th most competitive economy on the World Economic Forum’s global competitiveness index for 2018, which was topped by the US. India’s rank rose by five places from 2017, the largest gain among G20 economies, the WEF said…Read more at https://www.thehindubusinessline.com/economy/india-ranks-58th-most-competitive-economy-in-wef-index/article25244640.ece

India’s Richest 2018: Mukesh Ambani Adds Another $9.3 Billion To Retain Top Spot

Vijay Shekhar Sharma, the founder of mobile payments giant Paytm, seems unstoppable. In August, billionaire investor Warren Buffett’s Berkshire Hathaway invested $300 million in Sharma’s firm, joining a galaxy of marquee investors such as Alibaba and SoftBank…Read more https://www.forbes.com/sites/naazneenkarmali/2018/10/03/indias-richest-2018-mukesh-ambani-adds-another-9-3-billion-to-retain-top-spot/#398bca1ddb6e

India has a billionaire problem

It’s hard to judge the exact moment India’s New Gilded Age began. But if you had to pick, it would surely come between Manmohan Singh’s election victory in the summer of 2004 and Vijay Mallya’s fiftieth birthday party, just a year and a half later.
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India’s new billionaires have accumulated more money, more quickly, than plutocrats in almost any country in history.

On 3 May, at around 4.45pm, a short, trim Indian man walked quickly down London’s Old Compton Street, his head bowed as if trying not to be seen. From his seat by the window of a nearby noodle bar, Anuvab Pal recognized him instantly. “He is tiny, and his face had been all over every newspaper in India,” Pal recalled. “I knew it was him.” …Read more at: https://www.theguardian.com/news/2018/jul/10/the-staggering-rise-of-indias-super-rich