Page 3 - Global Economy

India's 1.4 bn population could become world economy's new growth engine

Bloomberg Economics expects the nation's per capita income to pull even with some developed countries in that span, putting Modi's goal within reach

Worst over for global economy, 'softer recession' likely: RBI governor

There is a need to improve retail access to markets, particularly gilts and derivatives, he says

Oil prices firm for a second session on upbeat US economic data

Oil prices rose for a second session on Friday, buoyed by stronger than expected U.S. economic growth, strong middle distillate refining margins and hopes of a rapid recovery in Chinese demand

Building resilience for the long game

The Budget should focus on keeping the domestic house in order. If it manages to do so, then India could attract large capital inflows once the global shocks fade

Electricity supply restored incrementally in Pak after nationwide outage

Electricity supply was restored incrementally in Pakistan on Tuesday after a nationwide power breakdown left millions of people without electricity amidst fears of default and looming economic meltdown due to a balance of payment crisis in the country. The massive power blackout on Monday was the second such outage in nearly four months. Today, at 5:15 am, the system was completely restored across the country, Energy Minister Khurram Dastgir said. However, major cities, including Karachi, Quetta and Lahore, remained deprived of power, the Dawn newspaper said. Dastgir said that approximately 6,600 megawatts of coal and 3,500MW of nuclear plants would take an estimated 48 to 72 hours to restart. Until these plants start running, there will be limited load management, excluding industrial users, he was quoted as saying by the paper. The minister added that there was no fuel shortage in the country. We are considerate of the electricity bills people have to pay and try not to ...

As world economy looks beyond China, India steps up as a new powerhouse

As powerhouses from China to Germany contend with slowing growth, the stakes are rising to find another nation equipped to propel the global economy

Dollar around seven-month low as growth concerns mount, yen retreats

The US dollar loitered around its seven-month lows on Friday as fears of an economic slowdown dented risk appetite

Global shares trade mostly lower after the year's biggest Wall St retreat

Global shares were mostly lower Thursday as investors grew cautious after Wall Street's biggest pullback of the year

World needs resilience and India can take lead: N Chandrasekaran

Tata Sons Chairman further said India produces the largest number of graduates, which is just one of the several factors putting the country in an advantageous position

Over 1,600 tech employees being fired a day on average in January

The mass tech layoffs of 2022 are continuing into the new year, and Indian companies and startups are among the leaders in firing staff

Cryptoverse: Bitcoin on the charge in 2023, clocks a 26% gain in January

Bitcoin is on the charge in 2023, dragging the crypto market off the floor and electrifying bonk, a new meme coin. The No.1 cryptocurrency has clocked a 26% gain in January

73% CEOs globally expect economic growth to decline, finds PwC survey

In the most pessimistic outlook in more than a decade, a global survey of CEOs showed 73 per cent of them expecting the global economic growth to decline over the next 12 months. Releasing the annual survey on the first day of the World Economic Forum Annual Meeting here on Monday, PwC said this is a significant departure from the optimistic outlook of 2021 and 2022 when more than two-thirds thought economic growth would improve. This is the most pessimistic CEOs have been regarding global economic growth since PwC began asking this question 12 years ago. The survey further showed that nearly 40 per cent of CEOs do not believe their organisations would be economically viable in 10 years if they do not transform. Inflation, macroeconomic volatility and geopolitical conflict ranked as the top global threats while cyber and health risks fell from a year ago. The survey also showed that companies are cutting costs but do not plan yet to reduce headcount or salaries in their fight to .

International trade faces a stagnant decade lagging the world economy

Trade largely tracked the growth rate of world GDP during the decade preceding the pandemic

Rupee depreciates 31 paise to 81.89 against US dollar in early trade

The rupee depreciated 31 paise to 81.89 against the US dollar in early trade on Tuesday weighed down by a rebound in American currency and firm crude oil prices. Sustained foreign fund outflows further dented investor sentiments, forex traders said. At the interbank foreign exchange, the domestic unit opened weak at 81.79 against the dollar, then fell to 81.89, registering a decline of 31 paise over its last close. In the previous session on Monday, the rupee settled at 81.58 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.18 per cent to 102.38. Brent crude futures, the global oil benchmark, advanced 0.19 per cent to USD 84.62 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 280.06 points or 0.47 per cent higher at 60,373.03. The broader NSE Nifty advanced 44.90 points or 0.25 per cent to 17,939.75. Foreign Institutional Investors (FIIs) were net sellers in the capi

Fragmentation could cost global economy up to 7% of GDP: IMF report

The global flows of goods and capital had leveled off after the global financial crisis of 2008-2009, and a surge in trade restrictions seen in subsequent years

India Inc's yearly outlook 'most cautious in a decade': PwC survey

CEOs globally 'most pessimistic' on growth in 12 years, says PwC survey

Govt trying to ensure global economic slowdown doesn't hit us: Narayan Rane

Rane also said efforts were being made to bring industries which can generate employment

China's 'economic reboot' to offer boost to flagging world economy

A domestic recovery in China will lend itself to firmer import demand and the purchases of foreign brands

Amid mass job cuts, Amazon HR staff turn from hiring to seeking jobs

Some Amazon.com Inc. employees are publicly posting that they are #OpenToWork on LinkedIn while still employed by the company

Global economy 2023: How countries are tackling the cost of living crisis

Inflation increased significantly in the US in late 2021 and early 2022, reaching levels higher than at any time in the last 40 years