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[88] [89] In 2017 BRICS accounted for 19% of global investment inflows. [90] In 2024 the informality rate was 62% while the labour force participation was 60.8%. [91] BRICS+ oil production is almost 30% of global oil output. [92] BRICS contribute to 45% of the global agricultural products. [82]
The World Investment Report 2020 by the UN Conference on Trade and Development (UNCTAD) said that India was the 9th largest recipient of FDI in 2019, with $51 billion of inflow during the year, an increase from $42 billion of FDI received in 2018, when India ranked 12 among the top 20 host economies in the world.
Averaging an economic growth rate of 7.5% for several years prior to 2007, [304] India has more than doubled its hourly wage rates during the first decade of the 21st century. [314] Some 431 million Indians have left poverty since 1985; India's middle classes are projected to number around 580 million by 2030. [315]
The Nepali rupee has been tied to the Indian rupee at an exchange rate of 1.6 for many years. Per capita income is $1,004. [ 212 ] The distribution of wealth among the Nepalis is consistent with that in many developed and developing countries: the highest 10% of households control 39.1% of the national wealth and the lowest 10% control only 2.6%.
The poverty rate in Hong Kong hit a high of 20.1%, but recent efforts by government programs have lowered this number to 14.7%. [ 62 ] In December 2012, the Commission on Poverty (CoP) was reinstated to prevent and alleviate poverty with three primary functions; analyze the poverty situation, assist policy formulation and to assess policy ...
24 January – RBZ caps daily variance of official exchange rate based on volume traded. The ZWD is able to fluctuate (from its average rate) in a daily band of: 0% (under US$5 million); 1% (US$ 5 to 10 million); 1.5% (US$ 10 to 15 million); or 2% (exceeds US$15 million). This effectively froze the official exchange rate.