International commercial property markets have reacted to the increased uncertainty in the global economy in late 2011 and early 2012 with varying degrees of resilience.
The simultaneous decline of several trade-related indicators should put policy makers on guard for a sharper slowdown.
Noting that India prohibited foreign investment in too many sectors such as retail, US President Barack Obama on Sunday cited concerns over deteriorating investment climate there to endorse another 'wave' of economic reforms.
India's soft power diplomacy came into play during this cataclysm affecting the world as the pandemic defies barriers and borders, notes Rup Narayan Das.
The global economy is on edge - and that's without the U.S. "fiscal cliff."
Carrefour, the world's largest retailer after Walmart, is learnt to be rationalising its expansion plans in India, prompted by a worsening global economy, particularly in Europe.
As FY20 Budget fiscal measures need to be better understood, a reversal of the stance back to neutral will allow MPC flexibility to respond to incoming data.
Pointing out that global economy continues to vulnerable, the declaration issued at the end of the two-day G-20 summit in Los Cabos said, "this effort (to provide $450 billion to the IMF) shows the G-20 and the international community's commitment to take the steps needed to safeguard global financial stability and enhance the IMF's role in crisis prevention and resolution."
Planning Commission Deputy Chairman Montek Singh Ahluwalia on Monday pegged India's growth this financial year at 6.5-7 per cent. He added the country had taken various steps to boost investment, the results of which would be seen in six months.
With the rapid growth of the emerging markets, the global economy is experiencing a seismic shift, points out the latest study by HSBC. Titled, 'The World in 2050', the report highlights that the economic shift is likely to continue.
The President noted that this is an opportune moment for the country to play a decisive role in the fourth industrial revolution.
Sectorally, metal and banking stocks rallied the most, while FMCG and realty stocks came under selling pressure.
'Growth would have to be 7% in the October-March period, if the year as a whole is to clock 6%.' 'Who would bet on that when, in the world of real numbers, both exports and imports have continued to fall, car sales have continued to slump, and the industrial production index shows yet again a drop in output?', asks T N Ninan.
For the fifth year, the Wall Street Journal partnered with Hay Group, a global management consulting firm, on its annual survey of CEO Compensation.
The Direct Taxes Code should be modified to tax high income and wealth at enhanced rates. Tax concessions on corporate profits and capital gains should be phased out. Black money stashed away in foreign banks has to be retrieved.
'The most intriguing thing (about COVID-19) is the range of the illness -- from asymptomatic or less symptoms to death and quite severe manifestations.' 'The vaccine will be at least another year away from having any effect.'
With this subdued forecast, India is likely to record its worst growth performance since the 1991 liberalisation. However, it is among the only two major economies, which will register a positive growth rate in 2020. The other being China, for which the IMF has projected a growth rate of 1.2 per cent.
Emerging giants India and China are leading the global economy on a '32-62-72' growth path, Standard Chartered Bank's Chief Economist has said -- using the numeric phrase for evolving economic size of the world.
"We can go back to being 25% of the global economy if we get Indian entrepreneurship right," says Saurabh Srivastava.
Instead of targeting global imbalances per se, the narrative must change to the structure and direction of such asymmetries.
Lawrence Summers, assistant to the US President Barak Obama for economic policy, on Friday said protectionism was a rising threat to the global economy and helped no one in the end.
At the IMF, India is expected to link announcement of additional resources to the IMF to the implementation of 2012 quota reform.
For 2015-16, IMF pegged India's growth rate at 7.5 per cent.
Government-owned banks lead the market by size in the BRIC countries -- accounting for 50 per cent of total banking sector assets in China, 40 per cent in Brazil and Russia and reaching 70 per cent in India.
The G-20 leaders at the ongoing summit in Mexico should refrain from coming out with 'one-size-fits-all' kind of a remedy for the global economy which is facing difficult times, Assocham President Rajkumar Dhoot said on Tuesday.
The possibility of a meeting between United States President Barack Obama and Prime Minister Manmohan Singh during the G-20 Summit in Los Cabos, Mexico, is not being ruled out, days after the two leaders agreed to work together to address the faltering global economy and the painful Eurozone crisis.
The managing director of the International Monetary Fund, on a two-day visit in New Delhi, was speaking at a conference on growth aspects of Indian and Chinese economies.
Raghuram Rajan, who has been pilloried by his critics for keeping interest rates high and has also been accused of stifling growth.
'The outlook for private investment, which has been such a weak link for India for so long, remains challenging.'
The airline industry was impacted last year by the global economic slowdown but the growing Indian and Chinese markets are expected to help boost the sector, Civil Aviation Minister Ajit Singh said.
As the global financial crisis deepened, Prime Minister Manmohan Singh on Saturday said a fast growing India can help the world economy, around which no protectionist barriers should be erected.
"The fourth quarter results of GDP data showed a phenomenal 7.7 percent growth rate and has established India firmly as the fastest growing global economy. This trend, according to experts, is likely to continue for the next few years," Jaitley said in a Facebook post.
Global rating agency Standard and Poor's (S&P) has said it expects India to grow by 6.5 per cent during 2013, amidst the possibility of global economic recovery continuing during the year.
India needs to cuts interest rates and expand public expenditure if it wants to boost growth rate, says Sunanda Sen.
The Sensex ended below 17,500 on Wednesday amid profit taking in index heavyweights after sharp gains on Wednesday that saw the benchmark index ending at a 4-month closing high. Weakness in Europe also dampened sentiment.
'Once the lockdown is lifted, we will need the mother of all fiscal and monetary policy support to sustain the economy,' advises Akash Prakash.
Perceptions regarding the composition of the global economy underwent a shift.
Over half-a-million Indian tourists are expected to visit Hong Kong this year, a rise of about 5.5 per cent over last year. "In 2011, we received around 4,98,063 visitors from India, representing 1.2 per cent of the total arrivals.
Forget the current bout of economic stress; India is blessed with growth drivers that won't go away in a hurry.
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