The finance minister said if India and the United States joined efforts in growing their respective economies, they might be the engines of global growth within the next two decades
The economic activity in India has witnessed a sharp recovery to pre-pandemic levels on the back of a rapid and widespread rollout of the vaccination programme, Birla said
Credit rating agency Moody's Investors Service on Thursday said the outlook for global credit conditions this year has turned more negative amid slower global growth, rising borrowing costs
West Texas Intermediate climbed above $111 a barrel following four weekly gains, the longest such run since February.
Says the pandemic has not really impacted the long-term growth trajectory of the country
Global growth rebound has solidified, but spread of delta variant poses risks, Moody's Investors Service said in its latest assessment of global economy as the pandemic continues.
Georgieva, speaking at an online event sponsored by the Peterson Institute for International Economics, said that economic recovery will be held back unless the pace of Covid-19 vaccination picks up
Investment in upskilling could boost global GDP by $6.5 trn by 2030, including by $570 bn (over Rs 40 trn) in India alone -- the third highest after China and the US, a WEF report said
Asserting that growth patterns must follow a human-centric approach, Prime Minister Modi said discussions on global growth cannot happen only among a few and the "table must be bigger"
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PHDCCI President D K Aggarwal said disruptions in the global supply chains will not only hit China's exports but also the exports of the importing countries
For a sustained up move from the present levels, we would need to see a pick-up in industrial and consumer demand, and growth in corporate earnings
And the resulting industrial slowdown in China would have a "direct impact" on industrial resupply, he said
'However, a sharp & rapid economic rebound could follow'
Anemic condition, or slowing down factors of different nature, continue to prevail in all major economies
The International Monetary Fund has pegged the number at 4.8 per cent and expects it to pull down global growth as well.
India's booming cities remain at the top of the heap, with the fastest growth rates on the globe, but they are also much smaller than other major cities.
In 2021, the OECD, which groups the world's wealthiest nations, sees global economic growth edging back up to 3.0 per cent
Uncertainties relating to trade wars, macro data from the United States (US) and reduced scope of monetary policy, however, are the three key risks it cites to its projections
A synchronized slowdown across almost 90 per cent of the world economy dominated talks at the International Monetary Fund and World Bank's annual meetings in Washington