The subdued market sentiment is due to the possibility of slowing global economic growth this year and the latest pulling out of funds by foreign portfolio investors (FPIs) from Indian stocks.
Indian stocks opened the new week's trade marginally higher but concerns over slowing global economic growth continue to remain on the investors' mind.
India will assume the presidency of the G20 for one year from December 1. With the objective of securing global economic growth and prosperity, the country will chair over 200 meetings.
In a report titled 'G20 report on Strong, Sustainable, Balanced, and Inclusive Growth', IMF said continued fiscal and monetary tightening is likely needed in many countries to bring down inflation and address debt vulnerabilities and it expects further policy tightening in many G20 economies
Asia-Pacific region is expected to dominate global economic growth in 2023, supported by regional free-trade agreements, efficient supply chains, and competitive costs.
Beijing [China], October 20 (ANI): Xi Jinping's strict zero-Covid policy has resulted in an economic slump not only in China but also in the Asian region as the Chinese President's authoritarianism has brought down the growth prospects toward zero.
Vienna [Austria], May 12 (ANI/Xinhua): The Organization of the Petroleum Exporting Countries (OPEC) on Thursday revised its forecasts for this year's global economic growth and oil demand, citing COVID-19-induced restrictions and geopolitical tensions.
Washington [US], April 18 (ANI/Sputnik): The World Bank Group has lowered its projection for the rate of global economic growth in 2022 from 4.1 per cent to 3.2 per cent, President David Malpass said on Monday.
Washington [US], January 25 (ANI): Amid faltering growth in the world's largest economies of the US and China due to the COVID-19 pandemic, the International Monetary Fund (IMF) on Tuesday cut down the global economic growth forecast to 4.4 per cent.
Washington [United States], January 12 (ANI): Global economic growth will drop sharply from 5.5 per cent in 2021 to 4.1 per cent in 2022 and dip further to 3.2 per cent in 2023 due to fresh threats from COVID-19 variants and a rise in inflation, debt and income inequality, the World Bank sai
Singapore, September 3 (ANI): Fitch Solutions said on Friday it expects gold prices to trade sideways over the coming months along with bouts of volatility as conflicting factors continue to affect the asset.
New Delhi [India], April 16 (ANI): Nearly 88 per cent of Indian CEOs are confident about global economic growth improving over the next 12 months while 70 per cent are confident about their own revenue growth in the same period, according to the latest PwC's 24th Global CEO Survey.