Economy Slowdown
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Finance Minister Nirmala Sitharaman Creates History With Eight Consecutive Budget
Finance Minister Nirmala Sitharaman presented a record eighth consecutive union budget, which comes in the backdrop of a slowdown in the economy and demand for tax cuts for the middle class.
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Economy Recovering From Slowdown Witnessed In 2nd Quarter: RBI Bulletin
The Indian economy is recovering from the slowdown in momentum witnessed in the September quarter, driven by strong festival activity and a sustained upswing in rural demand, according to a Reserve Bank of India (RBI) bulletin released on Tuesday.
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Xi Jinping Makes 1st Known Visit To Central Bank After Becoming President: Report
Chinese President Xi Jinping made his first known visit to the nation's central bank since he became president a decade ago, two sources with knowledge of the matter said, as China's economy and financial markets grapple with headwinds.
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World Bank Downgrades East Asia's Growth Forecast Due To Slowdown In China: Report
The World Bank cited tumbling retail sales tumbling, stagnant house prices and increased household debt for China's economic mess.
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India's Economy Set To Grow At Its Fastest Pace In A Year: Report
India's economy grew at its fastest pace in a year in the April-June quarter, driven by services and manufacturing, data is expected to show on Thursday, though economists warn of a slowdown ahead.
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China Cuts Key Interest Rate To Counter Post-Covid Slowdown
China's central bank on Monday cut a key interest rate in an attempt to counter the post-Covid growth slowdown in the world's second-largest economy.
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India To Grow At 6.7% From 2024, Become 6.7-Trillion Economy By 2030: Rating Agency
Standard & Poor, however, warned that a global slowdown and lagged effect of a policy rate hike by RBI could slow down growth to 6% in the current fiscal.
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India Doing A Lot To Stay Ahead Of Global Slowdown: World Bank President
India is doing a lot of things which are helping it to stay ahead during times of a global slowdown, World Bank President Ajay Banga said today.
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No Evidence Suggesting Slowdown In Indian Economy: Centre
The Indian economy has carried the momentum from the past year into the current fiscal year and there has been no evidence by far that suggests a slowdown in the current financial year 2023-24, said the Department of Economic Affairs said.
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How Singapore's Job Slowdown May Impact Non-Resident Indians There
Last week, Singapore reported some weak economic numbers raising fears of a recession. Annual exports fell for the eighth consecutive month while total employment expanded at a slower rate, retrenchments rose, and job vacancies shrank for the fourth
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FDI Inflow To India Down To 16% In FY23, First Decline In A Decade
Gross foreign direct investment (FDI) flows, for the first time in a decade, declined on an annual basis in 2022-23 to USD 71 billion mainly due to a slowdown in the global economy, according to the RBI data.
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Xiaomi Reports Record Drop in Q4 Revenue, Loses Indian Smartphone Market in Higher-End Devices to Samsung
Chinese smartphone maker Xiaomi on Friday reported a record drop in fourth-quarter revenue as the company weathered a slowdown in consumption and disruptions due to China's COVID-19 curbs. Early signs suggest China's economy will only rebound slowly, as consumers remain cautious about spending money despite an easing of restrictions on domestic and...
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Strong Case To Revise Coal Prices, Hike Could Happen Soon: Coal India Chairman
Coal India Chairman today said that amid a slowdown in growth in the mining sector, there is a "strong case" to revise coal prices and a hike in prices could take place "very soon".
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Slowdown In Economic Growth Late Last Year Temporary: Moody's Analytics
"Our take is that the slowdown late last year will be temporary and even salutary, helping to wring some of the demand-side pressures out of the economy without stopping it wholesale," the report by Moody's Analytics said.
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IMF Projects Slowdown In Pakistan's GDP From 3.5% To 2%
The International Monetary Fund projected a slowdown in the Gross Domestic Product (GDP) from 3.5 per cent to 2 per cent for the current fiscal, The News International reported.
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Finance Minister Nirmala Sitharaman Creates History With Eight Consecutive Budget
Finance Minister Nirmala Sitharaman presented a record eighth consecutive union budget, which comes in the backdrop of a slowdown in the economy and demand for tax cuts for the middle class.
-
Economy Recovering From Slowdown Witnessed In 2nd Quarter: RBI Bulletin
The Indian economy is recovering from the slowdown in momentum witnessed in the September quarter, driven by strong festival activity and a sustained upswing in rural demand, according to a Reserve Bank of India (RBI) bulletin released on Tuesday.
-
Xi Jinping Makes 1st Known Visit To Central Bank After Becoming President: Report
Chinese President Xi Jinping made his first known visit to the nation's central bank since he became president a decade ago, two sources with knowledge of the matter said, as China's economy and financial markets grapple with headwinds.
-
World Bank Downgrades East Asia's Growth Forecast Due To Slowdown In China: Report
The World Bank cited tumbling retail sales tumbling, stagnant house prices and increased household debt for China's economic mess.
-
India's Economy Set To Grow At Its Fastest Pace In A Year: Report
India's economy grew at its fastest pace in a year in the April-June quarter, driven by services and manufacturing, data is expected to show on Thursday, though economists warn of a slowdown ahead.
-
China Cuts Key Interest Rate To Counter Post-Covid Slowdown
China's central bank on Monday cut a key interest rate in an attempt to counter the post-Covid growth slowdown in the world's second-largest economy.
-
India To Grow At 6.7% From 2024, Become 6.7-Trillion Economy By 2030: Rating Agency
Standard & Poor, however, warned that a global slowdown and lagged effect of a policy rate hike by RBI could slow down growth to 6% in the current fiscal.
-
India Doing A Lot To Stay Ahead Of Global Slowdown: World Bank President
India is doing a lot of things which are helping it to stay ahead during times of a global slowdown, World Bank President Ajay Banga said today.
-
No Evidence Suggesting Slowdown In Indian Economy: Centre
The Indian economy has carried the momentum from the past year into the current fiscal year and there has been no evidence by far that suggests a slowdown in the current financial year 2023-24, said the Department of Economic Affairs said.
-
How Singapore's Job Slowdown May Impact Non-Resident Indians There
Last week, Singapore reported some weak economic numbers raising fears of a recession. Annual exports fell for the eighth consecutive month while total employment expanded at a slower rate, retrenchments rose, and job vacancies shrank for the fourth
-
FDI Inflow To India Down To 16% In FY23, First Decline In A Decade
Gross foreign direct investment (FDI) flows, for the first time in a decade, declined on an annual basis in 2022-23 to USD 71 billion mainly due to a slowdown in the global economy, according to the RBI data.
-
Xiaomi Reports Record Drop in Q4 Revenue, Loses Indian Smartphone Market in Higher-End Devices to Samsung
Chinese smartphone maker Xiaomi on Friday reported a record drop in fourth-quarter revenue as the company weathered a slowdown in consumption and disruptions due to China's COVID-19 curbs. Early signs suggest China's economy will only rebound slowly, as consumers remain cautious about spending money despite an easing of restrictions on domestic and...
-
Strong Case To Revise Coal Prices, Hike Could Happen Soon: Coal India Chairman
Coal India Chairman today said that amid a slowdown in growth in the mining sector, there is a "strong case" to revise coal prices and a hike in prices could take place "very soon".
-
Slowdown In Economic Growth Late Last Year Temporary: Moody's Analytics
"Our take is that the slowdown late last year will be temporary and even salutary, helping to wring some of the demand-side pressures out of the economy without stopping it wholesale," the report by Moody's Analytics said.
-
IMF Projects Slowdown In Pakistan's GDP From 3.5% To 2%
The International Monetary Fund projected a slowdown in the Gross Domestic Product (GDP) from 3.5 per cent to 2 per cent for the current fiscal, The News International reported.
