Economic Growth
Economic Growth News
14 million jobs to vanish in next 5 years, says WEF report: Why India remains a bright spot
According to a World Economic Forum report, over a quarter of all occupations will shift over the next five years as a result of AI and digitisation. However, India's corporate sector is confident in its ability to create and maintain jobs
Not okay to hate mathematics: PM Rishi Sunak to set up review to tackle ‘anti-math mindset’ in UK
Rishi Sunak, on Monday, will be speaking to an audience of students, teachers, and business leaders where he will deliver more information about his plans to make mathematics a requirement
Key takeaways from RBI's monetary policy statement
The central bank decided to keep key benchmark policy rate at 6.5 per cent even as inflation is trending above its tolerance level
China increases military spending in face of 'escalating' threats
The increase in the world's second-largest defence budget came as China's leaders said it would aim for economic growth of around five per cent for the coming year
China sets this year's economic growth target at 'around 5%'
President Xi Jinping's new leadership team will face challenges ranging from weak global demand for exports and lingering US tariff hikes in a feud over technology and security to curbs on access to Western processor chips due to security fears
Thailand records economic slowdown as decline in exports outweigh tourism gain
A positive economic growth was seen in Thailand due to exports last year. However, growth slowed as the demand from the United States and Europe declined
IMF predicts global inflation set to drop this year amid subpar economic growth
The war in Ukraine and the rise of central bank rates to fight inflation were highlighted as factors constraining economic activity. However, the re-opening of China and the loosening of pandemic-related lockdown restrictions may help to boost global growth
Economic Survey 2023: Why is it significant and what can we expect?
The Economic Survey of India is the most detailed analysis of India’s economy carried out by the government. This year’s survey is likely to peg the GDP growth for 2023-2024 at 6 to 6.8 per cent, the slowest in three years
Davos 2023: How World Economic Forum-like summits can be used to make the world more sustainable
According to the World Economic Forum, Davos 2023 is calling for ‘bold collective action’ to address intersecting crises ranging from climate change and energy shortages to food insecurity and forced migration
Central government to release first advance economic growth estimates for FY23
The RBI had projected the real GDP growth for 2022-23 at 6.8 per cent, with the third quarter at 4.4 per cent and the fourth at 4.2 per cent
Is the US headed for a recession? Will unemployment rates rise? The economic forecast of the year
The current US inflation rate stands at 7.1 per cent and interest rates rising and housing costs have increased. Economic pundits forecast a recession for 2023. But it still remains to be seen how bad it will be for people
Vietnam reported 8 per cent economic growth, but upward trend may not sustain
The growth slowed in the final quarter of the year as economies worldwide were hammered by the war in Ukraine and massive inflation
India leads the world, ahead of US, China, EU as global economic powerhouse
Morgan Stanley in its recent report has forecast that India will be world's third-largest economy by 2027
Global economic growth outlook "gloomier", says IMF ahead of G20 summit
The IMF said these policy actions would continue to weigh on economic activity -- especially in interest-sensitive sectors such as housing
Asian markets tumble after Fed boss Jerome Powell warns of more interest rate hikes
Federal Reserve Chair Powell said his priority was bringing inflation down from four-decade highs, even at the expense of economic growth, adding that failure to act now would cause more pain later
Good vs bad subsidies: Time to differentiate between the two and focus on economic growth and employment
Investments in health and education that are geared towards improving outcomes are good investments in human capital. Nobody is alleging them to be freebies. Such expenditures are not revenue expenditures but are capital investments when they add to human capital
SBI revises India's 2022-23 economic growth forecast to 7.5%
The report basis its optimism on the rising corporate revenue and profit and the growing bank credit coupled with ample liquidity in the system
New India’s five big, surprising trends and what they mean
These trends go much beyond economic growth. They signal a civilisational revival, a great rise encompassing the social, cultural, financial and military.
Top US advisor to consult with India on consequences of Russia's 'unjustified war' against Ukraine, says White House
Daleep Singh will meet with the Government of India to deepen cooperation to promote inclusive economic growth and prosperity and a free and open Indo-Pacific
Budget 2022: GST parity, a key to empower India's MSMEs
Budget 2022: The e-commerce industry expects the Centre to address some of the real and perceived compliance challenges around digitisation, simplify GST system and rationalise rates