'India remains a bright spot amid the global slowdown.'
Amidst soaring oil prices posing a threat to the world economy, the United States has said there is "no magic wand" to solve the problem overnight.
Gold prices are expected to slump by 5 per cent before the end of this month to $855 per ounce as leaders of G-20 nations agreed on Thursday that the International Monetary Fund should sell gold from its reserve to help stimulate the world economy.
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'The reason why we don't have an escalation of war like in 1962 is because in 1962, we didn't have this connectivity.' 'Whereas today, we have lots of incentives to stay stable and connected to China even though we still have that political rivalry.'
Budget forces last minute change in finance minister's plans.
He said the country has witnessed a journey from indecisiveness to clarity and decisiveness.
"Reach and revenue" has been Narinder Batra's agenda going into the polls and soon after becoming the first non-European President of the International Hockey Federation, the veteran Indian sports administrator vowed to take the game across the globe. Batra, who is the Hockey India President, defeated David Balbirnie of Ireland and Australia's Ken Read to become the 12th FIH President -- the first Asian to grab the post in the world body's 92-year-old history. Batra got 68 votes in his favour while Balbirnie and Read managed 29 and 13 votes respectively. Out of 118 voters, only 110 voted while eight abstained.
Reserve Bank of India Governor YV Reddy has said that Indian financial market is not vulnerable to overseas development. The Indian financial sector is likely to be less affected by the contagion than most other emerging market economy (EMEs), in respect of first-round or direct effects. The Indian equity markets have been volatile in recent months and that has some impact on changing sentiments. He said India has not been contributing in the global macro economic imbalances.
Concerned over the state of the world economy and depreciation of the US dollar, Chinese Premier Wen Jiabao on Tuesday said 2008 would be the "most difficult" for the country's economy as it faced the potential risk of economic fluctuations.
The measures to reduce the current account deficit should have focused far more on narrowing the trade imbalance, principally through export facilitation and linked FDI, says Nitin Desai.
Warning that the world economy is now "teetering on the brink of a severe global downturn," the United Nations said it expects growth this year to be sharply lower at 1.8 per cent - nearly half of the 3.4 per cent growth estimated only three months ago.
The text of US President George W Bush's final State of the Union address delivered to Congress on Monday.
On the 10th anniversary of the global financial crisis, a multi-part series analyses the lessons learnt and those not learnt.
The United Nations has predicted a deceleration of the world economy this year after three straight years of growth with American economy weakening dragged down by softening housing market.
With adoption of the new method the size of China's economy last year was about $130 billion larger than previously estimated.
US workers were on course for a 3.0% increase in wages at the start of 2016
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He stressed that reform for him was just a way station on the long journey to the destination and the destination is the transformation of India.
Group still far from coordinating monetary/forex policy
Last year money-making hardly took any effort, this year you will need to pick and choose.
Indians are eager consumers of digital advertising and are five times more willing to share personal data with companies when they are delighted by their digital experience.
On the White House website, his staff post a variety of proposals ranging from an "American First Foreign Policy" to killing former President Obama's climate action plan with agenda largely echoing his campaign website.
The Asia Society also honoured chairman and CEO of Citigroup Charles O Prince with the Leadership Award for his contribution to the financial sector.
'Part of the University's mission is to be of service to the state and having this centre devoted to building our state's cultural and economic relationship with India is consistent with that mission,' he said.
China with 163% projected growth is expected to lead globally.
India is fielding a 100-member team, led by Commerce Minister Kamal Nath and Planning Commission Deputy Chairman Montek Singh Ahluwalia. The duo will address a number of India-centric sessions on economic reforms.
'In contrast to the generally buoyant tone of the Economic Survey in January, he sounds uncharacteristically pessimistic, saying that forces in the world economy -- slowing global trade, protectionism, robots -- will limit India's manufacturing to levels well below what propelled East Asia's economies decades ago.'
"I am in favour of generally multilaterally liberalising trade and I think the rest of the world is moving towards doing that in a parallel track," says Montek Singh Ahluwalia.
After rating different factors, the World Economic Forum's new Travel & Tourism Competitiveness Report 2007 has ranked India as low as 65 among a total of 124 countries.
Experts caution against tough times in Indian equity markets in 2015.
US-based global investment banking major Goldman Sachs on Tuesday said it would invest one billion dollar in India for expanding operations in sectors like real estate and infrastructure.
Head of central banks from various countries get into a 'Basel huddle' every second month at Basel at the headquarters of the Bank for International Settlement.
India and China will escape the downturn that other countries in the world are expected to face.
The prospects for strong, sustained economic reforms do not appear to be promising in India.
That is bad news for officials taking part in discussions at the International Monetary Fund and World Bank meetings this week.
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