Page 29 - Economic Growth

A less predictable outlook: How will Indian economy do in Samvat 2079?

While the frothier end of the market of unicorns has already seen a low tide when it comes to fresh funding, the more sober end of the market might provide a positive surprise, writes T N Ninan

Global economy facing disruptions, India can't be decoupled: Rakesh Mohan

Country has to tailor its actions in response to international crises, says economist and former deputy governor of RBI

Through a 40-year prism: India's record creditable, but not outstanding

India's share of world GDP, after shrinking in the 1981-91 decade from 1.7% to 1.1%, rose to 2.5% by 2011, and then to 3.3% in 2021, with still higher shares to come, writes T N Ninan

India has set global benchmarks; economic revival on sustained path: FM

Union Finance Minister Nirmala Sitharaman said that India is setting the global benchmarks on the digital front and that it will be able to face geopolitical and economic uncertainties

Growth in India, China, Indonesia will be less affected: S&P Global Ratings

Growth in large Asia Pacific economies like China, India and Indonesia will be less affected as their economies are more domestically oriented, said S&P Global Ratings on Thursday.

India maintained post-pandemic economic growth momentum, says Sitharaman

Nirmala Sitharaman said that India has maintained accelerated growth momentum, after the contraction in 2020, by balancing the immediate needs of the economy with long-term structural reforms

India's growth, external profile solid buffers against turbulence: S&P

More severe conditions could put pressure on its sovereign credit ratings, says agency

Remittances from overseas Pakistani workers decrease 10.5% in September

Remittances sent by overseas Pakistani workers decreased 10.5 per cent in September 2022 on a month-on-month basis, the State Bank of Pakistan has said

UK needs more migrants to boost growth, says CBI business lobby survey

Three-quarters of respondents believe a lack of access to labor is threatening the UK's competitiveness as a place to employ people, the Confederation of British Industry said Tuesday.

UP govt to promote private industrial parks under the 'make-in-UP' theme

The proposed policy aims to establish UP as an internationally competitive investment destination, generating employment and stoking sustainable economic growth.

Can NITI Aayogs replace State Planning Boards to spur economic growth?

Experts believe merely replacing the state planning boards with such bodies won't make them effective

Female entrepreneurship and the digital divide

The pandemic has witnessed rapid adoption of digital technology as a means of overcoming unprecedented economic shocks, like the ongoing Covid-19

Covid may hamper Cambodia's bid to be upper-middle income state by 2030: PM

Cambodian Prime Minister Samdech Techo Hun Sen said that the Covid-19 pandemic may hinder Cambodia's ambitious journey toward an upper-middle income country by 2030 and a high-income country by 2050

Global stocks pin hopes of year-end rally on earnings' resilience

The 7% drop came as investors grappled with persistently high inflation, a surging dollar and jumbo interest-rate hikes across the world that threaten to choke economic growth

US markets could head lower as earnings downgrades pick up pace: Chris Wood

Corporate earnings in the US, meanwhile, are likely to be under pressure amid recession fears. Analysts have already started cautioning investors as regards a drop in earnings

RBI repo rate hike to manage growth-inflation dynamics, say bankers

Bankers welcomed the 50 bps hike in the repo rate by RBI on Friday, saying the move helps manage the growth and inflation dynamics as such a gradualistic approach is welcome amid rising global uncertainty. Bankers are of the view that a cautious monetary policy will help better address the risks of rising instability in the global economic and financial environment. SBI Chairman Dinesh Khara opined that the monetary policy statement, which was on expected lines, is a nudge to stay nimble and agile in a volatile global environment. Considering the evolving macroeconomic developments domestically and across the globe, the 50 bps repo hike is on expected lines, said A K Goel, chairman of the Indian Banks Association. He, however, was quick to note that considering the headwinds from the geopolitical tensions and tightening of the global financial conditions, there is risk to our external sector, especially exports. Goel, who is also the managing director of Punjab National Bank, ...

OECD, S&P keep India's economic growth forecasts unchanged for FY23

S&P noted that India's domestic recovery from Covid-19 would continue to support growth in FY23

Want India to play active part in world befittting its economic heft: UK

India is an incredibly important player on the world stage and London wants to see it play the full and active part in the global arena in line with its size, economic heft and influence, UK Foreign secretary James Cleverly has said. Reiterating support for India's permanent membership in the UN Security Council, he underlined that long-standing institutions like the United Nations need to evolve to ensure its future is as influential as its past. "The United Nations, like all long-standing and important institutions, needs to evolve to make sure that its future is as influential as its recent past. India is an incredibly important player on the global stage in so many ways," Cleverly told PTI in an exclusive interview here on Wednesday on the margins of the high-level UN General Assembly session. Cleverly said the UK was the first of the five permanent members of the Security Council, which also comprise China, France, Russia and the US, to call for India to have a permanent seat o

What is Goldilocks scenario?

The US Fed is unlikely to breathe easy till the inflation is brought under control. It wants to pull-off a return to 'Goldilocks' while steering clear of recession. What is the Goldilocks scenario?

RBI's expected soft landing for India means fast, if not fastest, growth

Economists see Reserve Bank of India Governor Shaktikanta Das and his monetary policy panel colleagues to begin dialing down the pace of interest-rate hikes this month