According to Deloitte’s survey, industry leaders say global economic slowdown, geopolitical tensions, & supply chain disruptions can pose challenges to India’s growth rate.
For the South Asian region, growth in 2023 & 2024 is seen at 3.6% & 4.6% respectively. 'This is mainly due to weak growth in Pakistan,' the bank said in its latest economic update.
India will have a growth rate of 6.5 per cent to seven per cent in 2022-23, which is considered to be good despite a high inflation rate of 7.4 per cent, V. Anantha Nageswaran said.
In past 4 decades, India's economy multiplied about 16-fold, and even if its growth numbers turn out to be less flattering in 2022 and 2023, IMF thinks its future remains bright.
Expectations of growth must be tempered, and with different indicators painting different pictures, World Bank's 6.5% full year growth forecast is more likely than RBI's 7%.
US, China, Europe — financial, strategic, and economic centres of the world — have all been challenged. One must look beyond the chaos and focus on structural fault lines.
In study published by Levy Economics Institute, scholars from Delhi-based think tank NIPFP say social spending, child budgeting offer more positive outcomes in child protection.
Outlook for India seems better than for most others, but growth forecasts are being tempered while inflation picture has got worse. Production numbers are modest, dip in business mood.
Material costs for industry will go up, pandemic recovery will take longer. But question is how long oil prices will stay high, with West avoiding sanctions on Russia’s energy sector.
Modi govt’s approach in Budget may bring growth for few years, despite slowing world economy, rising rates. But problems in areas including education won’t just vanish automatically.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
PTC Industries is investing Rs 1,000 cr in 4 manufacturing plants in UP, has already started supplying titanium parts to BAE Systems for its M-777 howitzers that India also uses.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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