Page 35 - Economic Growth

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

Liquidity normalisation is upon us

Growth prospects have brightened and inflation outlook has eased, despite lingering concerns as to potential broad-based supply shocks

Elections and 'wallet economics': Does economic under-performance matter?

There are instances - both from national and state elections - of economic under-performers being returned to power, and also of parties being thrown out despite good performance, writes T N Ninan

Need to make sure benefit of economic growth is evenly shared: D Subbarao

Former RBI Governor D Subbarao stressed the need to accelerate economic growth rate and make sure this benefit of growth is shared, even as he said unemployment has taken a form of crisis

Expect more than 7% growth for India this decade: CEA Subramanian

Chief Economic Adviser K V Subramanian on Wednesday said India will clock over 7 per cent annual growth during this decade on the back of strong economic fundamentals