According to the report, 82 per cent of chief economists expect the global economy to either strengthen or remain stable this year, nearly double the proportion from late 2023.
Empowering startups and MSMEs through digital technologies is crucial for driving economic growth, enhancing market access, improving operational efficiency, and fostering innovation.
Mumbai (Maharashtra) [India], May 27: As the world grapples with the dire consequences of climate change and environmental degradation, there is a growing realization that sustainable business practices are not just a luxury, but a necessity. India, with its burgeoning population and rapid e
National Security Advisor (NSA) Ajit Doval on Friday emphasized the necessity of strong border security in light of India's projected growth to a USD 10 trillion economy and becoming the world's third-largest economy within the next decade, with a particular focus on technological advance
Earlier, in the Reuters poll, several economists anticipated the growth to be around 2.5 per cent. But the final numbers have exceeded the projections. The economy grew 4.1 percent year-on-year in the third quarter of 2022.
Former CEO NITI Aayog Amitabh Kant emphasized the nation's transformative journey from being part of the "fragile 5" economies to emerging as a global leader in infrastructure development.
Elaborating on some of India's key priority areas for achieving developed nation status, Dr Nageswaran stated that improvements in human resource development are critical for achieving higher economic growth prospects.
She stressed the importance of achieving higher productivity to attract investments, which would boost production and exports, catalyse economic growth, and lead to further employment generation, creating a self-sustaining virtuous cycle.
The United Nations upwardly raised India's economic growth projections for 2024 from 6.2 per cent to 6.9 per cent mainly driven by strong public investment and resilient private consumption, joining IMF that recently upped the country's growth forecast.
The upward revisions mainly reflect a better outlook in the United States, where the latest forecast points to 2.3 per cent growth in 2024, and several large emerging economies, notably Brazil, India and the Russian Federation.
Finance Minister Nirmala Sitharaman on Wednesday attacked congress for neglecting India's growth for the 10 years in the UPA era and stated that Congress wasted India's economic growth potential and left it among the 'Fragile Five' economies without focusing on effective infrastructure devel
Asia remains the engine of economic growth and it is on track to deliver 60 per cent of global growth this year, said IMF Deputy Managing Director Okamura.