There may be some losers as well as winners. And those who lose their jobs to the new technology will soon find other employment, says Martin Feldstein.
Japan's Nikkei fell 0.5% and South Korea's Kospi lost 1.3%.
US economic growth slowed sharply in the fourth quarter.
The majority in the markets believe that a September lift-off is likely.
Contract workers are paid much less than regular workers. This year's Economic Survey estimates wages are on an average 20 times higher in the formal sector than in the informal sector. Arindam Majumder reports.
Asian emerging market stock prices did see a bounce post Fed-talk.
There is a sharp difference between the total remuneration paid at the public sector and private sector entities
However, volatility is likely to be on the rise, said Benjamin Yeo, MD & CIO (Asia & Middle-East) for Wealth & Investment Management, Barclays.
'We forecast real GDP growth to moderate to 6.7 per cent in the year ending March 2018.' 'However, as disruption fades, we expect to see a rebound in real GDP growth to 7.5 per cent in the next fiscal year.'
Echoing Prime Minister Narendra Modi's views that improving the health of financial markets alone cannot fuel growth, G20 business leaders on Friday said vigorous efforts should be made to go beyond fiscal and monetary policy to kickstart world economy and create jobs.
To do so, the government will have to tackle a number of broad development challenges successfully, says Shankar Acharya
'We need to do more to accelerate growth.'
The report has identified some areas that need attention from India's policymakers.
Election results, diesel & gas pricing moves, labour law changes - all stoke anticipation of more cheer ahead.
To the extent that body shopping is replaced by true offshoring, everyone is better off, says Ajay Shah.
'With this amendment, permanent employees will cease to exist.' 'The government should give a human touch and human face to labour reforms.' 'Ideas like survival of the fittest, might is right, etc, are rules of the jungle.' 'They cannot give new terms like hire and fire to jungle law.'
The comments came after Indian Finance Minister Arun Jaitley warned of tough measures in his first budget on July 10, saying 'mindless populism' needs to be checked as India aims to boost growth.
The PMO should also present an annual report, on the state of politics and society
This has steered a rally in global equities and dollar Index also ticked higher, trading near its four year high.
No country has grown without educating its people. India's shameful lag in primary and secondary education has persisted for several decades, and the crisis in higher education is now threatening a social and political calamity, says Ashoka Mody.
The fuel reforms are a very important signal of the government's commitment to tough economic reforms.
One solution to India's challenges of education, employment, employability lies in state governments adopting apprenticeships on a large scale.
Perhaps half-way through India's demographic transition, what is the outlook for the future?
India also fares poorly on maternal mortality rate.
One popular strategy is to hire contract workers.
The US dependent visa puts many restrictions on the spouses, mostly women, of the skilled workers who have an H1-B visa. Some even felt like they were thrown back into a model of the 'traditional family' where women are not valued at all outside of the home.
India's rapid economic progress over the past two decades masks its abysmal performance on social indicators.
Governments find themselves expanding the entitlements of the least productive - farmers and bureaucrats - and abridging those of the more productive parts of the workforce.
A comprehensive solution involves a complete overhaul of our education and training model.
Supported by slightly stronger global growth, improving export competitiveness and implementation of recently approved investment projects, India's growth is expected to recover from 4.4 per cent in 2013 to 5.4 per cent in 2014, the IMF said.
Data on the real value of the currency against other currencies tells a different story.
Less than half of rural households are engaged in agriculture.
The annual list, released on Wednesday by Geneva-based World Economic Forum, comes at a time when the new Indian government has completed 100 days in power and has promised further steps to revive its economy and the ease of doing business in the country.
The broader markets, however, outperformed their larger peers.
ADB pegs India's GDP growth at 7.8 per cent in FY 2015-16
Rajasthan has taken the lead on structural reforms which could help India attract business and employ a fast-growing workforce.
With India poised to become the largest economy in the world by 2030, it cannot afford to leave half of its workforce behind.
'Success will require political skill, not just economic expertise'
Iran is preparing for a trade and investment boom that could reshape the region after agreeing with world powers to curb its nuclear programme, paving the way for sanctions that have stifled its economy to be lifted.
India Inc is automating and squeezing more output from its workers and so needs fewer of them, finds out IndiaSpend Team.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances