Business & Economy

September 16, 2024 5:58 PM

India will grow at 6.5%, outpacing global average of 2.6%: UNCTD report

India is expected to sustain its growth momentum at 6.5% in 2024, according to a report released by the United Nations Conference on Trade and Development (UNCTD). The report underscores India's resilience amidst global economic challenges, citing a growth rate of 6.7% in 2023. It attributes this s...

April 18, 2024 1:34 PM

GLOBAL MARKETS-Asia stocks bounce as soaring dollar pauses

Asian stocks made their biggest gains in a month on Thursday, while the dollar took a breather and bond markets steadied as investors stepped back to assess the interest rate outlook. Oil found support following its sharpest fall in two-and-a-half months on demand worries and the lack, so far, of a...

September 16, 2024 5:57 PM

India’s economy projected to grow at 6.5% in 2024, Says UNCTAD report

In a recent report by the United Nations Conference on Trade and Development (UNCTAD), India's economy is forecasted to grow at a rate of 6.5 percent in 2024. This projection follows a growth of 6.7 percent in 2023, indicating a continued upward trend. The report highlights India's position as the f...

September 16, 2024 5:55 PM

IMF boosts India’s 2024 growth forecast

The International Monetary Fund (IMF) in its latest outlook raised India's growth projections for 2024 from 6.5 per cent to 6.8 per cent, with the country maintaining the fastest-growing status in emerging markets and developing economies.   For the year 2025, the IMF maintained India's growth ra...

April 16, 2024 6:14 PM

Dollar rises to five-month high, puts heat on yen

The dollar touched five-month highs against the pound and euro on Tuesday, a day after hotter-than-expected U.S. retail sales sent Treasury yields higher, raising worries of an intervention from Tokyo as the yen languished at its lowest since 1990.   Data on Monday showed U.S. retail sales rose 0...

April 16, 2024 10:52 AM

India and Mauritius bolster taxation agreement

India and Mauritius have bolstered the Double Taxation Avoidance Agreement (DTAA) by implementing stricter measures to prevent investors from evading taxation on funds entering India. The amendment, signed on March 7, introduces a Principal Purpose Test (PPT) to assess whether foreign investors gen...

April 16, 2024 9:48 AM

China’s economy grew 5.3% in first quarter year-on-year, well above forecast

China's economy grew 5.3% in the first quarter year-on-year, official data showed on Tuesday, comfortably beating analysts' expectations- a welcome sign for policymakers as they try to shore up demand and confidence in the face of a protracted property crisis. Analysts polled by Reuters had expecte...

April 15, 2024 4:23 PM

India sees marginal rise in wholesale inflation in March

Wholesale inflation in India, measured by the Wholesale Price Index, ticked upward in March, marking its fifth consecutive month in positive territory. This comes after seven months of residing in the negative zone until October. Official data released on Monday revealed that the annual rate of inf...