"Global growth is forecast at roughly 3 per cent over the medium term - down from 3.7 percent pre-pandemic. Global growth patterns have been changing over the years, notably with China decelerating steadily while India develops into a key growth engine," noted the IMF Chief.
India's growth cycle may be bottoming out with strong domestic fundamentals supportive of a pick-up in growth going forward, according to a report by HSBC Mutual Fund.
Aitken first visited India in 1998 as a technologist and speaker at the Broadcast Engineering Society conference. Recalling his early impressions, he said he saw a nation "brimming with potential, spirited, resourceful, ambitious."
The Prime Minister said that for the first time, the Northeast is not the periphery but the pulsating heart of India's growth story. He noted that from new airports to empowered self-help groups, and from connectivity to creativity, Arunachal Pradesh mirrors the spirit of Viksit Bharat.
The latest blockbuster IPO week in the domestic stock markets has highlighted that investors continue to show strong confidence in India's growth story, even during a challenging phase when the Nifty and Sensex have delivered no returns for the past 30 months.
India's nutraceutical industry is expected to witness robust growth over the next five years, with its valuation projected to double from USD 30.37 billion in 2024 to USD 60 billion by 2030, according to a report by Steadfast Nutrition.
India's growth trajectory is being actively supported by a series of coordinated policy measures aimed at boosting consumption, investment, and exports, according to Navneet Munot, Managing Director and CEO of HDFC Asset Management Company Limited.
Sonipat (Haryana) [India], October 1: "For India to become a great nation, we need innovation, research, improved urbanization, better cities, enhanced agricultural productivity, and stronger manufacturing. There are many challenges that India confronts, and if the country's vision is to mov
Stockholm [Sweden], September 19: EvoluteIQ, the enterprise-grade, AI-native automation platform, today announced the successful close of a $53 million minority growth capital round. This investment is led by Baird Capital, a leading global private investment firm. This strategic infusion of
Skill development, capability building and continuous engagement with the government on policy matters are crucial for the future of India's steel industry, said Tata Steel Managing Director and CEO T V Narendran.
India's growth story is facing global turbulence, but domestic strengths and a cautious yet evolving trade strategy are expected to cushion the impact, according to economists and analysts.
While global economic shocks have slowed India's growth in the short term, its long-term growth story remains intact, noted a report by S&P Global India Research. The report said India has strengthened its position through reforms, infrastructure development and improvements in processes, wh