Fitch Ratings expects India's power demand to rise by 7-8 per cent year-on-year in second quarter of 2024 due to robust industrial activity, strong GDP growth and the Indian Meteorological Department's (IMD) forecast of above-normal temperatures during the summer months.
Since April 16, the Pearl River basin has been facing heavy rainfall, causing 44 rivers to reach flood levels surpassing official warnings. According to the Pearl River Water Resources Commission under the Ministry of Water Resources, the exceedance ranges between 0.01 to 7.04 meters.
Scottie Scheffler's third round of 8-under 63 took him to 16-under 197 and is one-shot ahead of Sepp Straka (67) who got to 15-under after a 65. They will be in the final group on Sunday, with different wind and thunderstorms in the forecast
As Odisha continued to be in the grip of a heatwave, the Met department held out no immediate hope of a respite as it forecast the maximum daytime temperature to hit 45°C over the next 24 hours.
Worldwide IT spending is expected to total USD 5.06 trillion in 2024, an increase of 8 per cent from 2023, according to the latest forecast by advisory and consultancy firm Gartner.
India is set to accommodate up to 17% of the global elderly population by 2050. The forecast comes from report titled 'Golden opportunities from the silver economy - analyzing the future of senior care in India' by CBRE South Asia Pvt. Ltd.
The report says productivity driven growth will contribute to a favourable outlook for India. With inflation projected at 4.5 per cent in the next fiscal and current account deficit forecasted to remain below 1.5 per cent of GDP during the same period.
After the IMF's World Economic Outlook forecast that India is set to remain the fastest-growing among major economies in 2024, experts hailed the IMF projections and highlighted that the Indian economy is set to become third largest in the world soon.
The International Monetary Fund (IMF) forecasts a global economic growth rate of 3.2 percent for the year 2024, raising it's growth forecast by 10 basis points.
As summer arrives in full force, the India Meteorological Department has forecast a heatwave in several regions, including North Goa, Telangana, Andhra Pradesh, and West Bengal.
In its monthly report, OPEC predicted robust fuel use in the summer months and stuck to its forecast for relatively strong growth in global oil demand in 2024