The International Monetary Fund in its annual World Economic Outlook significantly downgrades India’s growth for the fiscal year 2020 to minus 10.3 per cent. At the same time, IMF said that India is likely to bounce back with an impressive 8.8 per cent growth rate in 2021, but for this New Delhi needs to ramp up its efforts in various fields.
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As part of the Experian Global Insights Report, the credit information company said its research shows major shifts in consumer behaviour and business strategy pre- and post-COVID-19.
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The president has shifted the way both parties talk about trade, immigration and deficits — and despite dismal economic news, many voters still reward him for it.
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A stumbling effort to prop up the domestic generic drugs sector underscores the challenges of a Trump administration industrial policy.
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While the Centre has virtually ruled out that it would borrow from the market, it has kept its doors open to the dissenting states for further discussions.
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Measures to cost government around 0.2% of GDP, unlikely to do much to stimulate demand
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Strong demand and a limited supply of homes have caused home price gains to accelerate dramatically.
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Retail inflation surged to an eight-month high of 7.34% in September, while industrial output contraction in August came in at 8%, indicating the slowness of recovery process.
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Foxconn’s failure to deliver on a Wisconsin project underscores the limits of the president’s power to make companies bend to his will.
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JPMorgan Asset Management's David Kelly told CNBC the U.S. will get a stimulus package after the November presidential elections are over.
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Government data on Thursday will show a record-setting rebound in economic output. But the numbers are misleading.
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While the rate cut in December is unlikely, the possibility for the same in the month of February cannot be ruled out.
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The scheme is unlikely to work unless the government decides to pay the GST component also over and above the fare entitlement amount.
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About 1 million fewer workers were collecting state unemployment benefits the week of Oct. 10 relative to the week prior, the Labor Department said Thursday. Much of that reduction likely isn't attributable to people returning to work.
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This is the first time that RBI has come out with economic scenario analysis for the country (Monetary Policy Committee Report, October’20).
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