Morgan Stanley expects India's retail inflation to moderate to 5.4 per cent in 2023-24 and to 4.8 per cent in 2024-25 from 6.6 per cent in the current financial year 2022-23.
As Chinese leader Xi Jinping kicks off his third term as general secretary of the Chinese Communist Party (CCP), Beijing is reeling under economic stress due to the real estate crisis and zero-Covid policy, deeply affecting its manufacturing units.
Ghosh said as percentage of gross domestic product (GDP), CIC was now at 11.8 per cent, less than 12.1 per cent in FY16 and significantly lower than the nominal GDP growth. He also added that it is an absurdity in quoting absolute numbers of currency in circulation (CIC) then and now.
Beijing [China], October 20 (ANI): Amid the ongoing 20th Congress of the Chinese Communist Party (CCP), China deferred the scheduled release of its third-quarter economic data sparking immediate speculation of a slowdown in its GDP growth rate.
Amaravati (Andhra Pradesh) [India], October 12 (ANI): Consul General of USA Jennifer Larson called on Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy at his camp office in Amravati on Wednesday.
New Delhi [India], October 11 (ANI): The International Monetary Fund (IMF) has lowered India's GDP growth forecast for the current year by 60 basis points to 6.8 per cent. However, despite the slowdown, India would maintain its position as the fastest-growing major economy in the world.
Islamabad [Pakistan], October 8 (ANI): The World Bank has estimated that Pakistan's GDP growth will slow down from 5 per cent in the fiscal year 2022 to around 2 per cent in the fiscal year 2023 following one of the most devastating floods in the country's history.
Mumbai (Maharashtra) [India], October 3 (ANI): The credit quality of India Inc continued to strengthen in the first half of the current financial year, carrying on with the momentum set in motion since the beginning of the financial year 2021-22, rating agency ICRA said on Monday.
New Delhi [India], September 21 (ANI) The Asian Development Bank (ADB) lowered India's GDP growth projection for the year 2022-23 to 7 per cent from the earlier 7.2 per cent based on higher-than-expected inflation and monetary tightening.
Islamabad [Pakistan], September 10 (ANI): Pakistan's macroeconomic vulnerabilities are not going anywhere as the country is reeling under a severe dollar liquidity crunch while the recent flash floods have aggravated.
New Delhi [India], September 3 (ANI): After India overtook the United Kingdom as the fifth largest economy in the world, experts suggest that by 2030 India will become the third largest economy globally.
Mumbai (Maharashtra) [India], September 3 (ANI): India has undergone a large structural shift since 2014 and is now the 5th largest economy overtaking the United Kingdom. India would surpass Germany in 2027 and most likely Japan by 2029 at the current rate of growth, State Bank of India (SBI