Page 6 - Economic Growth

Female entrepreneurship and the digital divide

The pandemic has witnessed rapid adoption of digital technology as a means of overcoming unprecedented economic shocks, like the ongoing Covid-19

Covid may hamper Cambodia's bid to be upper-middle income state by 2030: PM

Cambodian Prime Minister Samdech Techo Hun Sen said that the Covid-19 pandemic may hinder Cambodia's ambitious journey toward an upper-middle income country by 2030 and a high-income country by 2050

Global stocks pin hopes of year-end rally on earnings' resilience

The 7% drop came as investors grappled with persistently high inflation, a surging dollar and jumbo interest-rate hikes across the world that threaten to choke economic growth

US markets could head lower as earnings downgrades pick up pace: Chris Wood

Corporate earnings in the US, meanwhile, are likely to be under pressure amid recession fears. Analysts have already started cautioning investors as regards a drop in earnings

RBI repo rate hike to manage growth-inflation dynamics, say bankers

Bankers welcomed the 50 bps hike in the repo rate by RBI on Friday, saying the move helps manage the growth and inflation dynamics as such a gradualistic approach is welcome amid rising global uncertainty. Bankers are of the view that a cautious monetary policy will help better address the risks of rising instability in the global economic and financial environment. SBI Chairman Dinesh Khara opined that the monetary policy statement, which was on expected lines, is a nudge to stay nimble and agile in a volatile global environment. Considering the evolving macroeconomic developments domestically and across the globe, the 50 bps repo hike is on expected lines, said A K Goel, chairman of the Indian Banks Association. He, however, was quick to note that considering the headwinds from the geopolitical tensions and tightening of the global financial conditions, there is risk to our external sector, especially exports. Goel, who is also the managing director of Punjab National Bank, ...

OECD, S&P keep India's economic growth forecasts unchanged for FY23

S&P noted that India's domestic recovery from Covid-19 would continue to support growth in FY23

Want India to play active part in world befittting its economic heft: UK

India is an incredibly important player on the world stage and London wants to see it play the full and active part in the global arena in line with its size, economic heft and influence, UK Foreign secretary James Cleverly has said. Reiterating support for India's permanent membership in the UN Security Council, he underlined that long-standing institutions like the United Nations need to evolve to ensure its future is as influential as its past. "The United Nations, like all long-standing and important institutions, needs to evolve to make sure that its future is as influential as its recent past. India is an incredibly important player on the global stage in so many ways," Cleverly told PTI in an exclusive interview here on Wednesday on the margins of the high-level UN General Assembly session. Cleverly said the UK was the first of the five permanent members of the Security Council, which also comprise China, France, Russia and the US, to call for India to have a permanent seat o

What is Goldilocks scenario?

The US Fed is unlikely to breathe easy till the inflation is brought under control. It wants to pull-off a return to 'Goldilocks' while steering clear of recession. What is the Goldilocks scenario?

RBI's expected soft landing for India means fast, if not fastest, growth

Economists see Reserve Bank of India Governor Shaktikanta Das and his monetary policy panel colleagues to begin dialing down the pace of interest-rate hikes this month

Indian economy in 2047 will be like powerhouse driving global growth: Goyal

The Confederation of Indian Industry (CII) estimated that India in 2047 will be a $35-45 Trillion economy, taking the country into the league of developed nations, Piyush Goyal said

Private players dominate external debt growth amid economic recovery

External borrowings up 8.2% overall in FY22; private debt accounts for 60%, against 29% a year ago

'Must provide jobs to those not well-educated to go beyond freebies'

Harvard Business School professor Christian Ketels says it isn't useful to think of manufacturing versus services jobs; a range of sectors need to be mobilised for job creation

LIVE news: NIA announces Rs 25 L reward on fugitive gangster Dawood Ibrahim

The agency has also announced a cash reward of Rs 20 L on Ibrahim's close aide Chhota Shakeel

Top Headlines: Q1 GDP growth misses estimates; Sony-Zee merger, and more

India's economy grew below expectations at 13.5 per cent in April-June 2022-23 (Q1 FY23), despite the low base of the equivalent period of 2021-22

13.5% growth hides warts

The 13.5% print is lower than consensus estimates, and more so, when compared with the Reserve Bank of India's Q1 forecast of 16.2%

Crude oil is headed for longest slump since 2020 amid growth concerns

Bearish sentiment is mounting amid slowing economic growth for major oil consumer China while Fed officials reaffirmed their commitment to raising interest rates to cool rapid inflation

Rupee hits new low of 80.14 per $ as Fed's Powell talks tough on inflation

RBI interventions to determine rupee's course amid surging dollar

Rupee set to test fresh lows as Powell dispels hopes of softer Fed

But depreciation likely to be orderly because of RBI support, FPI inflows

Govt bonds, rupee strengthen as crude prices plunge on growth concerns

A decline in domestic headline retail inflation to a five-month low in July also bolstered the appetite for bonds

Retail inflation may remain elevated despite easing in July: Report

India's headline retail inflation that eased for the third straight month in July is expected to remain above the central bank's upper tolerance range in the near term, analysts said