Developing countries' return to high growth will require them to resume the push into tradable goods and services.
Once the world economy starts growing commodity prices will likely rise again so investing in a commodity-based mutual fund may not be a bad time to invest some of your money.
The pass-outs of the country's premier business schools like the Indian Institute of Management (IIM) can now be hired at much lower packages than they used to get when the world economies were booming.
For now, dollar can reign but BRIC nations have decided to address the issue at the 2010 Brazil summit.
More incentives will be given to agriculture sector for increasing agriculture production.
Mauritius, country from where large amounts of investments are routed to India, figures among the nations that have substantially implemented tax standards. Among the countries that have committed themselves to the internationally agreed tax standards but have not yet implemented them are Singapore, Switzerland, Bahamas, Bermuda, British Virgin Islands, and Cayman islands.
Even as US President Barack Obama urged his countrymen to buy American cars, the United States Treasury Secretary on Monday insisted that the country is not in favour of protectionism and has a great interest in a growing open world economy.
The reference case forecast takes into account the dire state of the world economy and expects global demand to fall by 900,000 barrels per day (bpd) in 2009. It also does not foresee any further compliance by OPEC countries with the quota reductions announced last December. Dated Brent was expected to have average $45 per barrel in the first quarter, rising to $50.4 per barrel in the second and $51.8 per barrel in the third, then up to $53.4 per barrel.
At a time when the world economy is facing the worst credit freeze in several decades, India attracted $2.7-billion FDI in January, up 58.8 per cent from a year ago, and remained a favourite destination for cross-border investments.
"Since our savings rate is as high as 35 per cent. If all work together, we can achieve a growth rate of 8 to 9 per cent, even if the world economy does not improve," he said while winding up the debate on Motion of Thanks to the President's address to joint sitting of Parliament.
The financial crisis, which a year ago seemed to be localised in one part of the financial system in the US, has exploded into a systemic crisis
Favouring a 'new Bretton Woods Agreement', International Monetary Fund chief Dominque Strauss-Kahn has said an early warning system to detect impending dangers to the world economy must be put together by international financial expertise.
Investors globally have found solace in gold in the last one year when major world economies slipped into recession. Sample this: According to World Gold Council data, investment by exchange traded funds in gold was 150 tonnes in the third quarter
What leads to a rapid worsening of the fiscal balance is not, as is commonly believed, the cost of bailing out financial institutions. Rather, it is the drastic decline in tax revenues as a result of output contraction and the ambitious fiscal stimulus package aimed at kick-starting the economy that cause fiscal deficits to explode, says Vidya Mahambare.
Economists cautioned against squandering stimulus measures by providing fresh tax breaks for businesses. Instead, they pressed for more investments in infrastructure
As the global economic crisis deepens, policymakers need to shed received wisdom and act pragmatically.
Ahluwalia argues that India can attract more capital even in today's world, provided the country retains an open system
This comprehensive report analyzes the world's biggest companies and the fastest-growing of these titans.
The report, which was submitted to the prime minister last week, said that in the best-case scenario exports would register a growth rate of 6 per cent next fiscal. As regards 2008-09, the commerce ministry data said exports grew by 13.2 per cent during April-January. However, as the negative trend that started in October is believed to have continued in February and March as well, the annualised export expansion may not exceed 3-4 per cent.
The upcoming G-20 Summit in London is the first major international exposure of Barack Obama as the US President, wherein he is likely to discuss with the leaders the ways and means to counter the global economic crisis.
Pradip Shah, the forthright chairman of IndAsia Fund says government spending should have targeted infrastructure such as roads and power projects so that productive assets would have been created and at the same time it would have provided a living for low-income labourers and less-qualified people. 'They, in turn, would have spent the money on essentials and some long-term assets for themselves,' he says.
If India's business leaders believe in India's future, then the task of building (or rebuilding) a business for that future should be an encouraging and exciting one.
The country has already laid down a 'red carpet' for businesses.
The trio could play a significant role in the global economy, which is facing a slowdown, Finance Commission chairman Vijay Kelkar said at a conference on Russia, India and China in New Delhi. The conference was held to throw light on common policy issues characterising each of the society, said Suman Berry, National Council of Applied Economic Research director general.
He said that the world leaders recognised that although developing countries had done nothing to contribute to the current financial crisis, they were probably the worst sufferers
Over 800 gather for the India Economic Summit.
The Indian economy is expected to grow at least 7 per cent in the next financial year on the back of the two stimulus packages given by the government, but in the immediate-term there would be some pain and a rise in unemployment levels, Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia said.
The appointment of Rajan, a former chief economist of the International Monetary Fund and now a professor of finance at University of Chicago, comes at a time when India, like most of the world economies, is grappling with the impact of the global credit crisis.
The old globalisation model is unsustainable. The world economy awaits its new Keynes.
Foreign secretary David Miliband commented that a rise of India, China and Middle East means a shift in global power from West to East. He advised British diplomats to look eastward.
Hiccups in Chinese economy and the overall strength of the dollar will continue to be a drag on the rupee in the coming year
Oil consumers and producers united yesterday to warn that extreme price volatility was dangerous for the world economy, but disagreed on what an appropriate price should be.
The turmoil in the world economy has done what economists and experts could not do for years -- pushing into the day-to-day life a healthy dose of financial jargon, a lot of which has even become household words now.
Rapid industrialisation has helped India speed up its economic progress said WTO chief Pascal Lamy.
The world economy will consume in the next five years far less oil than previously assumed, the western countries' energy watchdog said on Friday in a further sign of the impact of the global economic crisis on commodities markets.
Without involving India and China and without consulting them in major decisions, development of the world economy is impossible, Putin told CNN. "We are not afraid, not at all. What's needed is a realistic analysis of the situation, looking to future so as to develop a normal relationship with due regard to each other's interests," Putin added.
India was ranked 12th among the large economies in 2008, and moved up to 10th by 2013, overtaking Canada and Spain.
The BSE Sensex and Nifty fell more than 2 per cent on Tuesday, heading for their biggest daily loss since the midst of the rupee crisis in 2013
The world economy has slipped into a state of stagflation, says Reddy.
Here's a look at some of the more interesting sights at the G7 2015 summit.
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