Page 4 - World Economy

At 4.9%, US third-quarter GDP grows at the fastest pace in two years

A closely watched measure of underlying inflation, meanwhile, cooled to the slowest pace since 2020

Day not far when India will be among top three economies, says PM Modi

PM Modi stated further that the maritime industry will be boosted no end once the India-Middle East-Europe Economic Corridor comes to be implemented

IMF calls for urgent support from members to increase its quota resources

The IMF said the global economy has shown resilience, but the recovery is slow and uneven

The end of Pax Americana

As the world contemplates a future with a less dominant United States, geopolitical shifts may create new security challenges for nations like India

India to be third-largest economy by 2027: Amit Shah expresses confidence

Addressing the 118th Annual Session of the PHDCCI at Vigyan Bhawan here, the Home Minister urged the industry to make more investments in research and development to make MSMEs world-class

Global economy to slow as rate hikes bite, says OECD chief economist

The European Central Bank delivered a 10th consecutive hike last week, though signalled that the peak may have been reached

World looks up to India for global economic growth: President Murmu

President Murmu also said that India's shining example, "truth and non-violence" has been successfully employed in many political struggles around the world

Debt-burdened global leaders just love to hate ratings companies: Report

Countries run the gauntlet of rating companies because they're hard-wired into the global investment system

Major global firms warn of slow China sales as post-pandemic surge fades

Caterpillar, global firms have warned of slowing earnings in China as the world's second-largest economy loses its post-pandemic bounce

India will be among world's top 3 economies in NDA's third term: PM Modi

Prime Minister Narendra Modi on Wednesday laid bare his blueprint for a third term of his government, saying India will become the third largest economy in the world with a faster growth rate than now. Modi government will complete 10 years in office next May and he is seeking a third term on development plank. "We have to achieve the target of making India a developed nation in the next 25 years," he said after unveiling a world-class convention centre in the heart of the national capital. India can definitely eradicate poverty, he said citing a NITI Aayog report that talked of 13.5 crore poor being lifted out of poverty. Reeling out statistics of development from the number of airports to railway line electrification to expansion of city gas during his nine-year tenure, the Prime Minister said India was the 10th largest economy when the BJP government took office in 2014. The country is now ranked fifth in the world behind the US, China, Germany and Japan. "We will make India a

Rosneft CEO Igor Sechin discusses energy industry prospects at Energy panel

An Energy Panel was held as part of the XXVI St Petersburg International Economic Forum and Rosneft's Chief Executive Director Igor Sechin gave the keynote speech at the event.

Cause and effect: Are corporate profits fueling inflation globally

As the Federal Reserve continues with hikes, the linkage between corporate profit margins and inflation is blamed for consumer burden

For Netflix Inc, a Poorer Consumer Isn't Necessarily Bad

To start with, the less money people have, the more likely they are to stay home, where movie-streaming became such a popular form of entertainment during the pandemic

India, China becoming high income countries to bring disruption: World Bank

He also highlighted the problems behind countries getting trapped, such as rising wages in the middle-income countries, results in loss of labour-intensive sectors

Gender equality in farming could add $1 trillion to world economy, says FAO

The number of people facing hunger this year is more than double what it was in 2020, according to the World Food Programme

Asia's very complicated interest-rate pause and sticky inflation

All central banks assert they move independently from the Fed. In practice, they tend to replicate broad trends in American credit

In defence of financial globalisation

The argument that a country can be an active participant in global trade but avoid financial globalisation is fundamentally faulty

Citigroup forecasts 'less hard' landing for world economy this year

Citigroup economists on Wednesday raised their global growth forecast slightly and see a "less hard" landing but still expect the world's economy to grow at the slowest pace in 40 yearsq

Moving beyond Beijing

Economic revival may not sustain

India-US ties key for strong world economy, outcompete China: Schumer

A strong India-US relationship is a must for democracy, advancement in technology and a robust world economy, a top American senator has said, emphasising that close bilateral ties will be a crucial counterweight to outcompete China. Describing India as one of the "leading powers" of the world, Senator Chuck Schumer said close India-US ties would also be key to responding to China's authoritarianism. The Senate Majority Leader is leading a high-powered Congressional delegation of senators to India. The delegation, led by Schumer, called on Prime Minister Modi in New Delhi on Monday They discussed new opportunities for consolidating the India-US ties in critical technologies, clean energy transition, joint development and production, and trusted and resilient supply chains. The prime minister welcomed the Congressional delegation to India and appreciated the consistent and bipartisan support of the US Congress for deepening India-US bilateral ties, his office said in a statement. W