Bloomberg India must boost growth if it’s to provide enough jobs for what will be the world’s biggest workforce, and history shows that some of the country’s best economic phases have come when society is most open, said Raghuram Rajan. Speaking a week after data showed growth in Asia’s No. 3 economy unexpectedly slowed to 5.7 percent, the former governor ...

Bloomberg China will set a deadline for automakers to end sales of fossil-fuel powered vehicles, a move aimed at pushing companies to speed efforts in developing electric vehicles for the world’s biggest auto market. Xin Guobin, the vice minister of industry and information technology, said the government is working with other regulators on a timetable to end production and sales. ...

Bloomberg India’s ability to predict the sort of devastating deluge that struck Mumbai last week is set to get a major boost next year. The heaviest rainfall since 2005 killed a dozen people in India’s financial capital, disrupted stock and bond trading and halted a suburban train network that carries about 8 million people a day. Local residents and civic ...