The proposed UPI-TIPS interlinkage aims to facilitate cross-border remittances between India and the Euro Area and is expected to benefit users of both jurisdictions, the RBI said in a statement.
The annual growth rate of the broad monetary aggregate M3 stood at -1.2 per cent in September 2023, showing a marginal improvement from -1.3 per cent in August.
For other EMEs, the World Bank in the report said impacts from the US, euro area, and China are at least 1.5 times larger than for India. It added India's relative resilience comes from its solid economic fundamentals, significant foreign exchange reserves, available policy space and prudent
Moscow [Russia], May 16 (ANI/Sputnik): The European Commission has lowered the Eurozone's GDP projection for 2022 to 2.7 per cent from 4 per cent, according to the EU body's fresh report released on Monday.
Paris [France], March 10 (ANI): The Organisation for Economic Cooperation and Development (OECD) sees global GDP growth at 5.6 per cent this year, an upward revision of more than one percentage point since its projection in December 2020, and 4 per cent in 2022.
Bangkok [Thailand], Oct 10 (ANI): Growth in developing East Asian and Pacific economies is expected to slow from 6.3 per cent last year to 5.8 per cent in 2019 and to 5.7 and 5.6 per cent in 2020 and 2021 respectively, reflecting a broad-based decline in export growth and manufacturing ac
Washington D.C. [USA], June 17 (ANI): Growth in the eurozone rebounded earlier this year but it remains fragile while risks have increased, the International Monetary Fund (IMF) said on Monday.