India has been relatively insulated from the severe headwinds in the West. However, with a third of the global economy expected to slip into recession in calendar year 2023, the impact will strongly be felt on India's exports and trade economy, leading economists said in a panel discussion at the Business Standard BFSI Insight Summit in Mumbai on Wednesday. The panel comprised former Reserve Bank of India executive director and former Monetary Policy Committee member Mridul Saggar, State Bank of India Chief Economic Advisor Soumya Kanti Ghosh, Citibank India Chief Economist Samiran Chakraborty, ICRA Chief Economist Aditi Nayar, and IndusInd Bank Chief Economist Gaurav Kapoor. The topic of the panel discussion was No recession in sight: Is India decoupled from developed economies?
Rating agencies Crisil and Icra on Monday revised down their India growth projections for the current fiscal and the second quarter mainly due to the ripple effect of slowdown in global growth and mixed crop output. Crisil downgraded the India growth forecast by 30 bps to 7 per cent while Icra pegged the economic expansion at 6.5 per cent for the second quarter of FY2022-23. "We have revised down our forecast for real gross domestic product growth to 7 per cent for fiscal 2023 from 7.3 per cent, primarily because of the slowdown in global growth that has started to impact our exports and industrial activity.
From going de-glam to flaunting their luscious tresses, our gorgeous actresses have been setting the social media on fire during this lockdown with their strong selfie game.
Bollywood actor Nora Fatehi was on Thursday questioned for nearly five hours by Delhi Police's Economic Offences Wing for investigation in connection with an extortion case linked to alleged conman Sukesh Chandrashekhar, officials said.
The coming year will be one that will test sabka vishwas to the utmost, predicts Aditi Phadnis.
Of the 59 seats, the BJP had won 51 in the 2017 Assembly elections, four had gone to the Samajwadi Party, and three to the Bahujan Samaj Party.
A look at India's schedule at the Tokyo Olympics on August 6, 2021.
'AAP is more acceptable to sections of the middle class because it has pragmatically tried to accommodate Hindu sensibilities.'
Aditi Pohankar steals the show in She Season 2, applauds Namrata Thakker.
The minister apologised on Monday after the incident drew flak from the sports community.
Bollywood has so many reasons to celebrate!
'I have always believed that for an actor, silence speaks louder than words.'
The four incumbents -- Ami Bera, Raja Krishnamoorthi, Ro Khanna and Pramila Jayapal -- are likely to be re-elected. All four are from the Democratic party.
The stars Rediff.com Contributing Photographer Pradeep Bandekar sighted over the weekend.
Film and telly folk are chilling at home during the lockdown, and they have delightful furry company!
Saina Nehwal was forced to retire midway through her opening match but India's young brigade produced a clinical display to notch up a fine 3-2 win over Spain and get off to a winning start in the Uber Cup in Aarhus, on Sunday.
The ruling party appears to have worked to a plan, beginning with the weaning away of Congress MLC and MLAs.
Leading economists have pencilled in a high 13-15.7 per cent uptick in the economy in the first quarter of 2022-23 with an upward bias. Soumya Kanti Ghosh, the group chief economic adviser at State Bank of India, on Tuesday said he expects the GDP to clip past 15.7 per cent in the first quarter with more chances of the final numbers printing in higher, while Aditi Nayar, the chief economist at the rating agency Icra, said the economy will grow much lower at 13 per cent in the June quarter. The national statistical office will announce the first quarter GDP numbers later next week.
Check out the star arrivals.
As the curtains come down at the Tokyo Olympics, here's a glance at the medallists and those who came within touching distance of glory.
Sniping at the BJP senior leadership has reached a new high in Karnataka. For the moment, there is a truce, but the party knows the damage it could do ahead of the polls.
With several political stalwarts of Uttar Pradesh no longer on the scene, it will be keenly watched how their children lead at the hustings this time without their formidable presence.
