The International Monetary Fund (IMF) on Tuesday cut its economic growth forecast for India to 9.5 per cent for the fiscal year to March 31, 2022 as the onset of a severe second COVID-19 wave cut into recovery momentum. This forecast for 2021-22 is lower than the 12.5 per cent growth in GDP that IMF had projected in April before the second wave took a grip. For 2022-23, IMF expects economic growth of 8.5 per cent, larger than the 6.9 per cent it had projected in April.
With the BJP continuing to be the constant combatant, centrifugal pressures will rise. Fractured relations between the Centre and the states as between BJP and non-BJP ruled states is a sizeable risk owing ahead, warns Shekhar Gupta.
Gandhi took a swipe at the government on Twitter by tagging a chart that showed IMF growth projections for 2020-21 for Bangladesh, Myanmar, Nepal, China, Bhutan, Pakistan, Sri Lanka, Afghanistan and India.
The ability to make smarter data-driven decisions will be a critical skill that every employer will be looking at in every prospective employee.
A jump in infections has stoked alarm amid a shortage of medical staff and hospital beds in some areas of Tokyo
'From March 2020 to November 2021, the combined wealth of the billionaires of this country has doubled.'
Having the right know-how and being able to adapt to changing trendsd and industry shifts can make all the difference to how a business functions today.
The world seems to have turned its attention to Bollywood's ladies, and is honouring them with awards.
The Reserve Bank of India on Wednesday retained the economic growth projection for the current financial year at 10.5 per cent, while cautioning that the recent surge in COVID-19 infections has created uncertainty over the economic growth recovery. In its last policy review, the RBI had projected a GDP growth rate of 10.5 pc for FY'22. Taking various factors into consideration, it said, "the projection of real GDP growth for 2021-22 is retained at 10.5 per cent consisting of 26.2 per cent in Q1, 8.3 per cent in Q2, 5.4 per cent in Q3 and 6.2 per cent in Q4."
She added that Suga had encouraged her to make the Games successful but declined to say anything further until after a Tokyo 2020 executive board meeting later in the day, when an official announcement on the post was likely to be made.
Taking to Twitter, he claimed to be the number one on Facebook, citing a remark of Mark Zuckerberg, co-founder and Chief Executive Officer of the social media company. This is not the first time that the US President has claimed to be the number one and Prime Minister Modi number two on their popularity on Facebook.
In a 228-193 vote, which was mainly on party lines, the House had appointed seven impeachment managers to argue Democrats' case for removing Trump from the office.
hashtag 'Mori, please resign' was trending on Twitter in Japan
The world wants to halt climate change, but do it without affecting economic growth and consumption. This fundamental contradiction is the key theme at Davos 2020.
Continuing with the same behaviour while things around you change is a sure recipe for failure. Successful leaders will demonstrate agility and adaptability.
Bollywood is on the move! The stars are travelling to various parts of India and the world on work and play.
For the first time, more than half of the CEOs surveyed by global consultancy PwC said they believe the rate of global GDP growth will decline. In comparison, the survey had found a record level of optimism among CEOs two years ago in 2018.
India has entered a 'demographic sweet spot' with half of its population being under the age of 29. This 'demographic dividend' is likely to last for 2-3 decades and provides the government a unique opportunity to harness the vast potential of India's youth, points out Raj Kishore Mishra, the former civil servant turned development professional.
Asked if the impasse with 'minus one' would continue, he said he hopes that someday even the 'minus one' comes around to regional cooperation.
The hashtag 'Dobara Poocho' stresses at urging people to repeat inquiring about the mental well being of the person despite the person's assurance of being fit and fine.
The initiative, whose founding partners also include Accenture, CA Technologies, Cisco, Cognizant, Hewlett Packard Enterprise, Pegasystems, PwC, Salesforce and SAP, aims to bring competitive training content together on one platform to serve the greater good.
China and India evoked the highest levels of confidence among major economies at 45 per cent and 40 per cent, respectively. The US was at 36 per cent, Canada at 27 per cent, the UK at 26 per cent, Germany at 20 per cent, France 18 per cent, and Japan having the least optimistic CEOs with only 11 per cent very confident of growing revenues in 2020.
The Indian economy, severely hit by the coronavirus pandemic, is projected to contract by a massive 10.3 per cent this year, the International Monetary Fund said on Tuesday. However, India is likely to bounce back with an impressive 8.8 per cent growth rate in 2021, thus regaining the position of the fastest growing emerging economy, surpassing China's projected growth rate of 8.2 per cent, the IMF said in its latest 'World Economic Outlook' report.
The IMF lowered India's economic growth estimate for the current fiscal to 4.8 per cent and listed the country's much lower-than-expected GDP numbers as the single biggest drag on its global growth forecast for two years.
China's GDP jumped a record 18.3 per cent in the first quarter of 2021, riding on strong domestic and foreign demand and aided by recovery from a low base in early 2020 when Covid-19 stalled the world's second-largest economy, according to statistics released on Friday.
Prime Minister Yoshihide Suga said he didn't have the authority to demand Mori's resignation, the Jiji news agency reported.
'We had decided that India was unique and had overcome Covid.' 'Other nations ordered vaccines on time.' 'They let their scientists determine whether the battle against the pandemic was won instead of a divinely inspired leadership,' asserts Aakar Patel.
'India was fortunate to have a late entry into the pandemic; even the first wave entered India 2-3 months after many other countries experienced it.' 'Similarly, the second wave reached here after other countries went through it.' 'Despite having seen what other countries faced, we didn't ramp up our infrastructure sufficiently enough.' 'We remained highly under prepared.'
With 6.44 per cent of shares in his bracket, Jack will continue to exert his influence on China's biggest e-commerce company through his lifetime membership with the Alibaba Partnership, reported CNN.
Even at the entry-level, professionals who have proficiency in emerging technologies will have an edge over others in these domains.
Underlining that years of economic stagnation have given way to a "roaring geyser of opportunity", Trump said, "I knew that if we unleashed the potential of our people, cut taxes, slashed regulation, fixed broken trade deals and fully tapped American energy that prosperity would come thundering back ... and that is exactly what happened."
Modi is the first Indian prime minister to attend the Davos summit in 20 years.
The pandemic has brutally highlighted the inadequacy of India's administrative systems. And, the government has demonstrated its culpable inability to speed up vaccination in a timely manner, says Jaimini Bhagwati.
Rather than worry about what picture of India is being painted in the foreign media, the focus must be on marshalling all our energies to provide relief and solace to our deeply wounded and dispirited citizens, says former foreign secretary Shyam Saran.
At the same time, the UN said in a report, the performance of private investment remains a key macroeconomic concern.
Asserting that the self reliant India programme will help revive the global economy, Prime Minister Narendra Modi on Thursday told global business community that his government aims to transform the country through access, inclusion and empowerment while also ensuring complete data security. Addressing the World Economic Forum's online Davos Agenda Summit, where he also interacted with global business leaders, Modi also said India offers a predictable and friendly environment from tax regime to FDI norms. He said Aatmanirbhar Bharat movement is committed to global good and global supply chain while the country's digital profile has been completely transformed.
Speaking at a virtual conference of the World Economic Forum, the external affairs minister, at the same time, said the border row happens to be one part of the larger issue of how India and China adjust to each other when both are rising.
IMF Chief Economist Gita Gopinath also said the pickup in global growth for 2020 remains highly uncertain as it relies on improved growth outcomes for stressed economies like Argentina, Iran, and Turkey and for under-performing emerging and developing economies such as Brazil, India, and Mexico.
Mr Modi and Mr Shah will need him if they want to win UP again in 2022 and India in 2024. This signals a Yogi Adityanath-sized change in BJP politics, even under Mr Modi, Shekhar Gupta.
It will be like Ghar ka Swad Davos mein for the PM.
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