The RBI guv said global economy is actually recovering, though slowly
He said countries should work for promoting open and inclusive cooperation for win-win outcomes.
It is the duty of the Indian government to help all Indians, never mind the nature of the help they need.
India's challenges: infrastructure, large fiscal deficit, low FDI
Fund manager Gautam Sinha Roy shares what he has learnt from Warren Buffett, after attending Berkshire Hathaway AGMs over the years
The World Economic Forum's five-day annual summit began in Davos this evening amid hopes of recovery in global economy and a time of renewed terror threats after recent strikes in France and other parts of globe.
China will also set up 50 joint laboratories with countries participating in the Belt and Road initiative to enhance cooperation on innovation.
An official announcement to this effect would be made next week. The vice-chairman would be of Cabinet rank.
'There is global appreciation of the fact that India has the capacity and courage to carry out structural reforms like demonetisation and GST,' the finance minister said.
A number of industrial countries are now resorting to populism and this has its own set of political implications.
India's merchandise exports in February shrank for the 15th straight month on continued weak demand from Europe, the South Asian nation's biggest market.
While good news from several quarters has been trickling in, El Nino might be a dampener, says T N Ninan.
China continues to hold the top slot.
Indian indices have hit all-time highs in the New Year and the sentiment remains strong. All valuations are also at extremely high levels, cautions Devangshu Datta
The Nifty is up 6.5% in the last 12 months. The NSE IT Index is down 10% in the same period. But will the sentiment improve going ahead?
'What has taken the government so long to understand what the people of this country are going through?'
The advanced economies have been experiencing their longest period of slow growth.
The failure to reform has meant that there is no buzz about job opportunities, or about urban opportunities enticing young people off the farms. And it is this failure that has contributed to the widespread disappointment that threatens to make the next general elections closer than expected, says Mihir S Sharma.
Brexit is, in the parlance of the financial community, a 'risk-on' development.
Annual direct investment by developing countries into other rising economies has grown faster than that by developed countries in the past 15 years, the UN Conference on Trade and Development has reported.
'What Trump and Kim have demonstrated is that leaders need not remain prisoners of the status quo and they can, by showing the necessary will and courage, break out of the hang-ups and constrictions of the past and carve out a new pathway for themselves,' says B S Raghavan.
China will take over from Germany the presidency of the Group of 20 and host the next meeting of the forum comprising most industrialised and main developing countries, including India.
'AI will be bigger than the advent of the Internet or the harnessing of electricity.' 'India must embrace it with all its might,' says NITI Aayog CEO Amitabh Kant.
"If we do surgical strikes (in this area), you can imagine what all will come out," the prime minister said.
On the controversy surrounding the GDP numbers based on new calculations, he said statisticians have done as good a job as they can and economic growth is significantly high as costs have come down
For 2017-18 and 2018-19, investors are better off focusing on the quality of measures announced in the Budget and outside it rather than on the Budget numbers themselves, says T T Ram Mohan.
China would be an influential player in the bank
By the year 2020, India will become an economic giant vying with China and the US for global supremacy, the US-based National Intelligence Council said on Thursday.
'China's economy continues to slow and the US Fed may still hike rates before the end of the year.'
With Dr Manmohan Singh taking centrestage in Indian politics, there is suddenly a buzz about 'Manmohanomics.' But what exactly is it?
Tens of thousands of people on Sunday braved heavy rains to bid a teary adieu to Singapore's founding leader Lee Kuan Yew in a grand funeral attended by many world leaders, including Prime Minister Narendra Modi
GST is the biggest revenue shake-up since independence
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