The emerging-market economies in Asia are likely to be less affected by the global slowdown, helped by the rebound in China and more moderate inflation pressures, according to 'OECD Economic Outlook, Interim Report March 2023: A Fragile Recovery,' released on Friday.
FICCI's latest quarterly survey on manufacturing reveals that after experiencing a revival of the Indian economy in the financial year 2021-22, the momentum of growth has continued for the subsequent quarters of 2022-23 with some temporary effect of the global slowdown on Indian manufacturin
A slowdown in 2023 in advanced economies, especially the US and the eurozone, is expected to make India's footwear and leather products export trade vulnerable, said Crisil Ratings.
London [UK], January 25 (ANI/PRNewswire): Asia can defy a global economic slowdown in 2023 through an acceleration in digital transformation, greater regional coordination, and balanced monetary policies, according to new research from the London-based think tank, Asia House.
As much as 85-90 per cent of the production by the Indian leather apparel and accessories industry is exported. Europe and North America account for 75 per cent of this.
The survey said business leaders, who are chief experience officers (CXOs), in India are confident that Budget 2023-24 will help fuel economic growth across sectors and industries, amid a potential global slowdown and geopolitical instability.
The positive outlook for 2023 is despite concerns emanating from the global slowdown and a possible recession in the Western economies due to the unwinding of monetary policy by central banks.
In a response to ANI questionnaire, Emkay Investment Managers Fund Manager Sachin Shah said, "Indian economy is buzzing, most of the consumer discretionary sectors and industrials like real estate, building materials, autos, engineering, chemicals, etc., are witnessing high demand," and adde
In a recent interview with The Straits Times (Singapore), Ontario Teachers' Pension Plan (OTPP) president and chief executive officer Jo Taylor said that he sees India as a land of opportunity, noting that the current administration is more business-friendly.
New Delhi [India], October 22 (ANI): Highlighting the reforms undertaken by the Centre for the development of the country, Prime Minister Narendra Modi on Saturday said that India is trying its best to save itself from the global crisis and economic slowdown.
New Delhi [India], May 11 (ANI): Global brokerage firm Morgan Stanley has lowered India's gross domestic product (GDP) growth forecast for the current financial year to 7.6 per cent citing high inflation and global slowdown.