Global Economy

IMF projects India to be fastest growing economy in the world, keeps India's 2021-22 GDP growth at 9.5%

The global economy is projected to grow 5.9 per cent in 2021 and 4.9 per cent in 2022 - a 0.1 percentage point lower for 2021 than in the July forecast.

Oct 12, 2021, 22:23 PM IST

World Bank projects India to grow at 8.3 per cent in 2021

In 2020, India's economy is estimated to have contracted by 7.3 per cent while in 2019, it registered a growth rate of four per cent, the World Bank said, adding that in 2023, India is expected to grow at 6.5 per cent.

Jun 08, 2021, 19:23 PM IST

China's criminal enterprise of counterfeit products hit Indian, world economy

Surprisingly, 80 percent of these counterfeit goods sold globally are made in China, which sells 60 to 80 percent of these products merely in countries like America, thereby, weakening the economy of those nations from where it actually copies the products.

Jul 28, 2020, 01:30 AM IST

Immunity Passport may decide course of politics and economy in future?

You should know how these Health Passport or Health Certificate would be issued in the future for work. At present, there is no standard procedure but there is a strong possibility of it in the future. 

May 07, 2020, 00:45 AM IST

Gold falls on firm dollar, US economy re-open hopes

As the dollar firmed and as investors remained optimistic that the US economy might reopen soon from lockdowns that were enforced to contain the novel coronavirus spread.

Apr 20, 2020, 08:27 AM IST

IMF cuts India's growth projection to 1.9% in FY21

India is likely to record its worst growth performance since the 1991 liberalisation this fiscal year as the coronavirus outbreak severely disrupts the economy.

Apr 14, 2020, 18:58 PM IST

Coronavirus impact on Global Economy, Electronic-Medicines costlier soon

China's Coronavirus is slowly spreading to the rest of the world. Report says, Global economy is going get effected if China will face the same trauma. Electronic items like TV, Fridge and many more things will become costlier soon in Indian Market also. Watch this full story on impact of corona on economy.

Mar 05, 2020, 09:48 AM IST

Coronavirus impacts global economy; growth forecast cut, cash flow hit, markets plunge

 Many leading world organisations have warned that the deadly coronavirus outbreak could cut global economic growth in half.

Mar 04, 2020, 23:31 PM IST

Global economy: Companies feel impact of coronavirus outbreak in China

Coronavirus outbreak disrupted supply chains or hurt bottom lines as factories and shops shut and airlines suspend flights.

Jan 31, 2020, 18:13 PM IST

Coronavirus outbreak in China showing impact on global economy, world share falls to its lowest

World shares fell to their lowest in two weeks on Monday on virus concerns, with demand spiking for safe-haven assets such as Japanese yen and Treasury notes.

Jan 27, 2020, 16:12 PM IST

Steven Mnuchin says US-China trade deal will boost global economy

Mnuchin said full details of the new deal, or a factsheet on "phase one", would come out later on Saturday or on Sunday after both sides do fact and language checks. "We expect it will be fully executed in January. And then we get to `phase two`," Mnuchin told the Doha Forum conference in Qatar.

Dec 14, 2019, 20:28 PM IST

An extra 15 minute daily walk could boost global economy, says study

Adding an extra 15 minutes of daily walking, or jogging a steady one kilometre each day, would improve productivity and extend life expectancy - leading to more economic growth, the study by the health insurance group Vitality and the think tank RAND Europe found.

Nov 06, 2019, 17:44 PM IST

No country can escape recession if protectionism continues: Piyush Goyal

Goyal stated that the policies of protectionism being followed by some countries in the developed world are affecting engagement between countries for trade in goods, services and protection of investments.

Aug 23, 2019, 09:52 AM IST

IMF forecasts India's GDP to grow at 7.5% in 2019/20 fiscal year

The IMF, in the report published on Tuesday, said the near-term macroeconomic outlook for India is "broadly favourable."

Aug 09, 2018, 10:31 AM IST

Strong Indian economy continues to lead global growth: IMF

The IMF Executive Board has forecast India's growth to rise to 7.3 percent in FY2018/19 and 7.5 percent in FY2019/20.

Aug 08, 2018, 09:44 AM IST

Temporary disruptions from GST over, India's economic growth robust: World Bank

The global economic picture painted by the bank is not as rosy as it is for India.

Jun 06, 2018, 11:18 AM IST

Japanese island's mud could alter global economy: Study

An estimated 16 million tonnes of mud containing massive, "semi-infinite" stores of valuable rare earth minerals, found in a small Japanese island in the Pacific Ocean could alter global economy, a new study has revealed.

Apr 17, 2018, 11:56 AM IST

Extreme weather conditions single most prominent risk to global economy: World Economic Forum

World Economic Forum's 48th annual meeting will take place on January 23-26, 2018, in Switzerland.

Jan 17, 2018, 19:18 PM IST

India to become world’s 5th largest economy in 2018, passing UK and France: Report

India looks set to leapfrog Britain and France next year to become the world's fifth-largest economy in dollar terms, a report showed on Tuesday.

Dec 26, 2017, 19:21 PM IST

'Digital companies taking control over global economy a concern'

"Digital companies are taking over control over global economy, which is a concern," said Supachai Panitchpakdi, a former Secretary General at UNCTAD.

Nov 26, 2017, 23:57 PM IST