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“I see India as Asia’s Silicon Valley and the UK as Europe’s Silicon Valley,” London: UK Prime Minister Rishi Sunak on Monday cited India’s rise as an ‘economic superpower’ as he pledged to create a dynamic, innovative economy fuelled by technological progress. Insisting that “more will change in the next five years than in the…
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Russia’s state-owned reinsurer has given financial backing to three Russian insurance firms, allowing them to get Indian approval to provide marine insurance cover to tankers, two sources said, as Moscow seeks to facilitate trade with India amid Western sanctions. A raft of sanctions by the U.S. and allies against Moscow over its Ukraine invasion, along…
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The International Monetary Fund on January 30 edged its forecast for global economic growth higher, upgrading the outlook for both the United States and China — the world’s two largest economies — and citing faster-than-expected easing of inflation. The IMF’s chief economist, Pierre-Olivier Gourinchas, said the global lender’s updated World Economic Outlook showed that a…
Read More “IMF says global ‘soft landing’ in sight, lifts 2024 growth outlook” »
High inflation will dog the world economy next year, with three-quarters of over 200 economists polled by Reuters saying the main risk is that it turns out higher than they forecast, suggesting interest rates will also remain higher for longer. Several central banks are still expected to begin cutting interest rates by the middle of…
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Mr Mishra said fertility rate is falling in India and net savings are increasing. New Delhi: The United States may see a deep recession soon, and such a scenario would impact not only India’s services sector, which is a key component of the country’s GDP, but also bring about a lot of volatility in the…
Read More “US May See Deep Recession, Could Impact India’s Markets, Exports: Economist” »