The Philippines' inflation rate could settle around 3.2% this year, its finance minister said on Friday, giving room for the central bank to further cut rates. "This gives the BSP more room to be aggressive in its monetary policy easing to help the economy grow at a faster rate and support the government in increasing its revenue collections,

India’s Finance Minister Nirmala Sitharaman said income per person will almost double in five years time as the economy continues to grow, while warning that the global environment is tougher now than it was in the past.

GCCs, primarily driven by multinational corporations, have seen rapid growth in India, with nearly 56 per cent of their revenue now coming from research and development (R&D) services.

India will witness the steepest rise in living standards of the common man on the back of the government's initiatives and the efforts towards doubling per capita income in a few years, Finance Minister Nirmala Sitharaman said on Friday.