Indian president lands on new Belgrade Nikola Tesla runway: Hers is among world's fastest growing economies

Photo: Tanjug/Sava Radovanovic

The plane carrying President of India Dorupadi Murmu, who was welcomed by President of Serbia Aleksandar Vucic, landed today on a newly opened runway of Belgrade's Nikola Tesla airport.

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Droupadi Murmu is on official visit to the Republic of Serbia June 7-9.

By the way, Serbia is only the second country she has visited since taking office.

"I welcomed @presidentofindia! I am looking forward to this historic meeting that will further strengthen the friendship between Serbia and India," wrote the Serbian president on the Instagram account "buducnostsrbijeav."

Otherwise, India regained its place as the fifth largest stock market in the world.

According to a report, the market capitalization of India's publicly traded firms rose to a four-month high of $3.3 trillion last Friday, surpassing France.

In January, India lost its spot in the top five, due to Adani Group shares losing value. It is an Indian multinational conglomerate involved in a wide variety of businesses, from port management to energy, mining, airport operations, food processing and infrastructure.

At the time, the conglomerate faced accusations of "manipulating share prices and violating public ownership rules."

However, the reversal came when France lost more than $100 billion in market value the week before last, amid a sell-off in luxury goods stocks.

 

 

 

 

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 A post shared by Aleksandar Vučić (@buducnostsrbijeav)

The Indian stock market, meanwhile, benefited from increased buying by foreign investors. According to calculations, they have added $5.7 billion worth of Indian stocks to their portfolios since the beginning of April.

Earlier, representatives of Serbia and India stressed that there is room for promoting cooperation in priority areas of interest such as agriculture, food processing, defense, science and technology, information technology, infrastructure, tourism and the pharmaceutical industry.

Indian companies have invested in Serbia, especially in tractor manufacturing, IT parks, food processing, aluminum panels, waste management equipment.

India is one of the world's fastest growing economies - its GDP grew by 6.3 percent.

(Telegraf Biznis)