Page 34 - Economic Growth

At 7.2%, Singapore's 2021 GDP grows at fastest pace in over a decade

The city-state's economy grew 7.2% in 2021, preliminary data showed on Monday, broadly in line with the government's official projection and rebounding from the record 5.4% contraction in 2020

India's economic growth rate over 8%, foreign investment at record high: PM

Prime Minister Narendra Modi on Saturday said that the country's economic growth rate is over 8 per cent.Speaking at the release of the 10th installment of financial benefit under PM-KISAN, the Prime Minister said that the foreign investments, forex reserves, and GST collections are also at record high levels."Today the growth rate of our economy is more than 8 per cent. Record foreign investment has come to India. Old records have also been broken in the GST collection. We have also set new paradigms in the matter of exports and especially agriculture," said PM Modi.PM Modi said that it is time to start a "new vibrant journey" of the country's resolves in the year India will complete 75 years of independence."Today, as we are entering the new year, taking inspiration from our efforts of the past year, we have to move towards new resolutions. This year we will complete 75 years of our independence. This is the time to start a new vibrant journey of the country's resolves, to move ...

Indicators show Indian economy was growing steadily before Omicron hit

All eight high-frequency indicators tracked by Bloomberg News were steady last month, keeping the needle on a dial measuring the so-called 'Animal Spirits' unchanged at 5

Less economic activity in lockdown led to low air pollution in most parts

According to the study, ozone, carbon monoxide and NO2 showed an increase of about 15 per cent over the central-western part of India

Growth momentum loses steam in Nov amid demand, supply disruption: ICRA

Rating agency ICRA on Friday said the growth momentum lost steam in November 2021 on the back of "some satiation" of pent-up demand as well as supply chain disruptions

Motilal Oswal cuts FY23 growth forecast to 6.3% amid growth 'uncertainty'

The estimate is lower than the market consensus of 7.6 per cent, and the RBI's more optimistic 8-8.5 per cent, Motilal Oswal said

Mobile internet enabling inclusive growth: Nobel laureate Michael Spence

Nobel prize winning economist Michael Spence said that mobile internet is enabling inclusive growth and opening up employment opportunities.

Web 3.0 a $1.1 trn growth opportunity for India: USISPF-CrossTower research

Digital assets like Bitcoin, Ether, Solana, etc are the fuel of future financial ecosystem and Web 3.0, report says; CrossTower chief says India's stance on crypto is unfavourable

Omicron likely to reinforce IMF downgrade of global growth forecasts: MD

Omicron variant is likely to reinforce a downgrade of IMF's outlook on the global economy, Managing Director Kristalina Georgieva said

NITI Aayog's unflattering report vexes Nitish Kumar govt in Bihar

The Nitish Kumar govt in Bihar has reacted with dismay to the Niti Aayog report on poverty index, which places the state among the bottom-ranking ones

Germany's independent economic advisers cut 2021 growth forecast

The German government's panel of independent economic advisers on Wednesday cut its 2021 growth prediction for Europe's biggest economy to 2.7%, the latest in a series of downgrades by forecasters

Asian factories shake off lockdown blues, now face supply headaches

Factory activity in October expanded in Vietnam, Indonesia and Malaysia as operations gradually normalised after being hit by shutdowns caused by a spike in COVID-19 infections.

Recovery tracker: Lower power generation, decline in workplace visits

Traffic congestion rose during the latest week

Pandemic resurgence slows recovery in Asia: IMF's Asia-Pacific Regional Economic Outlook

The growth projection for the Asia and Pacific region downgraded by more than 1 percentage point from April 2021 forecasts to 6.5%

Indian economy to see 10.5% or higher growth this fiscal: Niti Aayog VC

Indian economy is expected to grow 10.5% or more in the current fiscal, Niti Aayog Vice Chairman Rajiv Kumar said on Thursday

India looks at close to double digit growth this year: Sitharaman

India is looking at near close to double-digit growth this year and the country will be one of the fastest-growing economies, Finance Minister Nirmala Sitharaman has said.

Growth is biggest challenge for emerging economies: World Bank economist

"With growth comes jobs, with growth and jobs comes recovery."

Households cautiously optimistic

The index of consumer sentiments scaled up by a handsome 7.9 per cent in September

Skills, democracy main drivers of growth, says Rakesh Jhunjhunwala

Skills and democracy are the main drivers of sustainable growth, ace investor Rakesh Jhunjhunwala said on Friday, adding that he is bullish on the Indian market

Banks need to accelerate green lending for sustainable growth: SBI chief

Banks have always been the backbone of India's economic growth and as the country pivots to sustainable growth, the banking sector will have to accelerate green lending, said SBI Chairman Dinesh Khara