Uneven Economic Growth

Moody's Investors Service on Thursday slashed India's economic growth projection for 2022 to 7.7 per cent, saying that rising interest rates, uneven monsoon, and slowing global growth will dampen economic momentum on a sequential basis.

While global economic scenario appears uncertain, on the domestic front, economic recovery has gained strength though pace of improvement is uneven

However, economic recovery remains uneven as indicators such as air traffic, port traffic, PMI, and services show a lagged revival from the impact of the second wave.

Recovery in the Indian economy is likely to continue and the GDP growth is expected to be higher at 7.8 per cent in the current fiscal year, although it will be "uneven", propped largely by "strong consumption" and public expenditure, says a DBS report.

Leaders of the world's 20 biggest economies today pledged to use all policy tools to address uneven economic growth even as they endorsed India's concern over delays in implementation of IMF reforms, and building a global culture of intolerance towards corruption.

The leaders of the world's 20 largest economies pledged to use all policy tools to address uneven economic growth that falls short of expectations, according to a draft Group of 20 (G20) communique seen by Reuters today.

Stating that Indias economic recovery is still uneven, Reserve Bank of India Governor Raghuram Rajan has exuded optimism that the country will be "solidly" in the 5 per cent growth bracket during the course of this fiscal year, and accelerate further in 2015-16.

Brent futures slipped further below $111 on Monday on demand growth concerns as latest data from China pointed to an uneven economic recovery in the world's second-biggest oil consumer, with a stronger dollar putting additional pressure on prices.

China's uneven economic recovery signals a looming dilemma for policymakers as official data released at the weekend showed inflation at a 10-month high in February while factory output and consumer spending were weaker than forecast.

Moody's Investors Service on Thursday slashed India's economic growth projection for 2022 to 7.7 per cent, saying that rising interest rates, uneven monsoon, and slowing global growth will dampen economic momentum on a sequential basis.

While global economic scenario appears uncertain, on the domestic front, economic recovery has gained strength though pace of improvement is uneven

However, economic recovery remains uneven as indicators such as air traffic, port traffic, PMI, and services show a lagged revival from the impact of the second wave.

Recovery in the Indian economy is likely to continue and the GDP growth is expected to be higher at 7.8 per cent in the current fiscal year, although it will be "uneven", propped largely by "strong consumption" and public expenditure, says a DBS report.

Leaders of the world's 20 biggest economies today pledged to use all policy tools to address uneven economic growth even as they endorsed India's concern over delays in implementation of IMF reforms, and building a global culture of intolerance towards corruption.

The leaders of the world's 20 largest economies pledged to use all policy tools to address uneven economic growth that falls short of expectations, according to a draft Group of 20 (G20) communique seen by Reuters today.

Stating that Indias economic recovery is still uneven, Reserve Bank of India Governor Raghuram Rajan has exuded optimism that the country will be "solidly" in the 5 per cent growth bracket during the course of this fiscal year, and accelerate further in 2015-16.

Brent futures slipped further below $111 on Monday on demand growth concerns as latest data from China pointed to an uneven economic recovery in the world's second-biggest oil consumer, with a stronger dollar putting additional pressure on prices.

China's uneven economic recovery signals a looming dilemma for policymakers as official data released at the weekend showed inflation at a 10-month high in February while factory output and consumer spending were weaker than forecast.