Five years after the 2008 global financial crisis plunged the world into the Great Recession, there is a ray of hope that may lead the world into quicker recovery than what has happened till now.
IMF's Chief Economist Gita Gopinath on Thursday said it would be damaging for India to start tightening policy support in the midst of the COVID-19 pandemic and also stressed on reducing wasteful expenditures in the upcoming Budget. Delivering NCAER's '9th C D Deshmukh Lecture' virtually, Gopinath said there is scope for the Indian government to provide more direct support to people.
CRISIL predicts no more than 6.5 per cent yearly from now till FY19, and only with a stable and decisive government; predicts problems in job generation, poverty and demand.
Despite taking a hit on profitability amid the pandemic, companies with strong balance sheets are gaining market share because of consolidation in their respective sectors.
Within days of assuming charge, he faced allegations of having made RBI the finance ministry's extension counter.
Anil Agarwal breaks into big three; Anil Ambani group out of top 10; Essar, Adani lose out to JSW, Shiv Nadar & Motherson Sumi
As their non-performing assets have risen sharply even as loans have remained stagnant, RBI steps in with stringent loan-management measures.
The outlook appears to be improving as policy shifts away from austerity and toward growth.
Hurt by a contraction in mining and manufacturing.
The IMF's Financial System Stability Assessment Update said India had improved its supervision and regulations in the 20 years since it started liberalising its economy and that its financial system fared well in the global financial crisis.
Among the sectors, the survey has projected IT, pharma and life sciences, and ITeS among those looking to effect the highest increase in salaries.
India's chief economic adviser, Raghuram Rajan has been appointed as the governor of the Reserve Bank of India.
Li's comments comes in the wake of speculation that the government could come up with a bailout package like the massive $645 billion in 2008-09 to insulate Chinese economy from global financial crisis.
Rupee's misunderstood fall is far from over despite some near-term respite.
The Chairman Emeritus of the Tata Group said that the recent steps by the government have restored investors' confidence in the country, but more needs to be done.
Everything, from stocks to bonds and currencies, has been hammered by indiscriminate selling.
Foreign Direct Investment to Asia reached record heights in 2011, according to the United Nations Conference on Trade and Development (UNCTAD) World Investment Report 2012.
Stimulus was given in phases after Chidambaram had left the finance ministry to head the home ministry in December 2008.
Developing countries need to focus on raising the growth potential of their economies, while strengthening buffers to deal with risks from the euro area and fiscal policy in the US, the Bank said in its latest report Global Economic Prospects, which was released on Tuesday.
Finance plays a key role in bringing the ambitious growth plans of dynamic businesses to life.
'An extended period of easy credit could eventually lead to an asset bubble'
Guvt plans to bring down the fiscal deficit to 4.8 per cent in the next fiscal, 4.2 per cent in 2014-15, 3.6 per cent in 2015-16 and to three per cent in 2016-17.
It's not entirely true that advanced economies are suffering because of technological stagnation rather than a financial meltdown.
The man widely expected to be India's next central bank chief favours clipping the autocratic power of the role and giving more say to a monetary policy committee.
The wide current account deficit is structural in nature and only structural responses will work, says Subir Gokarn.
'Unemployment barely figures in the Budget except as a derived demand from the industry and infrastructure.' 'There is no effort at direct attack on unemployment.'
After two decades, the SCO appears to be at a cross-roads with the US withdrawal from Afghanistan, asserts Srikanth Kondapalli, the leading China expert.
'When you plot the growth, -- 7.5 per cent for Q2, 0.4 per cent for Q3, 1.6 per cent for Q4 and 20.1 per cent for Q1 now -- all you see is a 'V'.' 'You don't see any other alphabet in the shape there.'
The world economy is projected to grow at an average rate of just over 3% per annum from 2011 to 2050, doubling in size by 2032.
Philanthropic activities tend to be confined by the limitations of a corporation's location and capabilities.
Given that the public is no longer willing to tolerate lack of transparency, politicians will see they have no alternative but to change, feels Raghuram Rajan, economic advisor to the prime minister. Interestingly, Professor Rajan made this hard-hitting speech at an event to release a book in Prime Minister Manmohan Singh's honour.
RBI's suggestion of new products to lower gold imports treats the symptom rather than the underlying disease
One of the world's most-watched index reached a record high yesterday. Here are some key takeaways for investors.
The government and Reserve Bank have been maintaining that the Indian economy will grow by six percent growth with upward bias.
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.
According to the report 'World in 2050 The BRICs and Beyond: Prospects, challenges and opportunities', the global financial crisis has accelerated the shift of the economic centre of gravity and China is expected to surpass the US to become the largest economy in the world by 2050.
After being hailed as Masters of the Universe for the last two decades, western bankers are now being blamed for the global financial crisis and being branded as the ugly face of capitalism.
As the world grows together, it is also growing apart, states the World Economic Forum's new Global Risks Report.
UAE values its friendship with India and the two countries are working together to boost trade and investment, a minister from the gulf country has said.
A quarter before, the gross domestic product grew just 5.3 per cent.
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