Fitch Ratings forecasts India's headline inflation to decline, but remain near the upper end of the Reserve Bank of India's 2-6 per cent target band, averaging 5.8 per cent in 2023-24 from 6.7 per cent last year.
Indian stock indices have managed to end this week with gains on a cumulative basis. Benchmark Sensex and Nifty indices accumulated 0.8-1.0 per cent gains.
More than 122 public and private sector establishments held a large number of business meetings on the Dubai stand, resulting in a highly successful event for DET and a positive outlook for Dubai's tourism industry in 2023 and beyond.
Demand for precious metal gold is expected to be muted in 2023 even as the economic momentum remains healthy and the RBI repo rate hike cycle has paused after a prolonged monetary policy tightening, according to World Gold Council.
The IMF report said that India and China, the two largest emerging market economies of the Asia-Pacific are expected to contribute around half of global growth this year, with the rest of Asia and Pacific contributing an additional fifth.
A few days back, IMF released its much-awaited World Economic Outlook report 'A Rocky Recovery' which had predicted that India would grow 5.9 per cent this year.
Apple CEO Tim Cook's visit to India, the latest by a top global executive, exemplified the rising tide of interest that corporations are showing in doing business with India, reported CNN Business.
According to the latest forecast from Gartner, in 2022, the market totalled USD 599.6 billion, which was marginal growth of 0.2 per cent from 2021. The short-term outlook for the semiconductor market has deteriorated further. Global semiconductor revenue is forecast to total USD 532 billion
The benefits--including avoided economic losses from climate change, as well as improved health thanks to cleaner air--are achievable through targeted policy reforms, according to the Asian Development Outlook Thematic Report: Asia in the Global Transition to Net Zero, released today.
In its flagship World Economic Outlook report, the International Monetary Fund (IMF) projected that India would be the fastest-growing economy in the world, despite confronting considerable challenges such as financial sector turmoil, inflationary pressures, effects of the Russia-Ukraine