The United Nations has warned that the world is on the brink of another recession, projecting that global economic growth will slow down further in 2012 and even emerging powerhouses like India and China, which led the recovery last time, will get bogged down.
One of the names proposed by the dailies is India's Planning Commission Deputy Chairman, Montek Singh Ahluwalia.
Modi will participate in the first-ever trilateral meeting between Japan, America and India and the 2nd Russia, India China trilateral, which is taking place after an interval of 12 years, on Friday.
The executives at the brainstorming session will set up a future business agenda.
At the same time, the UN said in a report, the performance of private investment remains a key macroeconomic concern.
The US became the first country in the world to have more than one million cases of coronavirus. It accounts for nearly one-third of the 3.1 million cases globally.
As the reform years have gone by, China's bottom-up entrepreneurialism has given way to a crony-capitalist nexus between provinces and property developers that can no longer be restrained by Beijing.
Average global growth prospects for the next 12 months and the next three years are 35 per cent and 49 per cent, respectively.
Direct overseas investment by Indian companies stood at $10.5 billion in the quarter ended June, lower by 42 per cent compared to the year-ago period, according to data released by the Reserve Bank of India.
The study, 'Trade and trade diversion effects of United States tariffs on China', shows that the ongoing US-China trade war has resulted in a sharp decline in bilateral trade, higher prices for consumers and trade diversion effects -- increased imports from countries not directly involved in the trade war.
Some emerging nations like India and China, however, are also facing the challenges of huge capital inflows and overheating.
RBI Governor Shaktikanta Das said the central bank saw economic growth slowdown in February, prompting it to cut rates ahead of the curve and wondered why markets were surprised with the decision to pause rate reduction. Noting that there is a need for an "informed and objective discussion" on the country's economy, Das said the RBI would do "whatever is necessary" to address growth slowdown, spikes in inflation as well to ensure good health of banks and non-bank lenders. The apex bank went for five consecutive rate cuts starting in February this year, making it a cumulative reduction of 1.35 per cent.
The text of the statement by Prime Minister Manmohan Singh prior to his departure on Wednesday for New York to attend the 66th Session of the United Nations General Assembly
India received less foreign direct investment in 2010 than the previous year, courtesy a modest recovery in the global economy which reduced the risk and expansion appetite of corporates across the world.
The global economy weakened in the second quarter of 2011, as growth moderated in both advanced and emerging market economies under the impact of high oil and other commodity prices.
TechNet executives are meeting with senior Obama Administration officials and an array of bipartisan Congressional leaders to advocate for a robust innovation policy agenda.
'I can confidently say there will be another financial crisis soon enough, and probably more than one global crisis within the next century, given the increasingly integrated nature of the global economy.'
'Outside investors don't want to get tangled up in a religious war.'
'India is in a slowdown which most of us have not seen in our living memory.'
'Instead of writing NAM's obituary, India should reinvent it,' suggests Dr Rup Narayan Das.
US President Barack Obama on Tuesday called up Prime Minister Narendra Modi to greet him on Diwali and they agreed to meet in Turkey on the sidelines of the G20 Summit to be held early next week.
This could lead to an unprecedented bloodbath in the global financial markets.
The statement said that the global economy is being held back by a shortfall in demand, while addressing supply constraints is key to lifting potential growth.
Though the NITI Aayog did not give its estimates for the required GDP growth at constant prices, economists pegged it at 9 per cent, a feat not seen since the GDP series was revised with 2011-12 as the base year.
Eighty-six deaths were reported in mainland China with 3,399 fresh cases from 31 provincial-level regions, the country's National Health Commission said on Saturday.
In the following pages is a list of some of the top banks that have a successful track record in India (not all banks have been featured in this list because of space constraints).
'Opportunity for a country like India is huge in terms of wealth creation.' 'That's the reason India is an attractive economy for investors.'
Global wealth rose by $9 trillion to a record high of $121.8 trillion.
Ahead of the G20 Summit, Prime Minister Narendra Modi met his Japanese counterpart Shinzo Abe in Osaka, Japan and discussed a range of issues of mutual interest.
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