Economy and Business

Fitch raises India's FY19 GDP growth forecast to 7.8%

US multinational Fitch Ratings on Friday raised India's GDP growth forecast for the current fiscal to 7.8 per cent, up from their earlier estimate of 7.4 per cent, indicating, however, that tightening of financial conditions, global oil prices and accumulated bad loans of banks continued as headwinds to the country's growth.

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Sri Lanka denies economy at risk of exchange rate crisis

Sri Lanka has described as “erroneous” reports that its economy is at risk of an exchange rate crisis. The Central Bank of Sri Lanka (CBSL) said in a statement that several international media sites have quoted a new analysis by Nomura Holdings Inc. that seven emerging economies are at risk of an exchange rate crisis.

India-Afghanistan trade show in Mumbai

Over 600 businessmen are expected to participate in the second annual "Passage to Prosperity: India-Afghanistan International Trade and Investment Show' in Mumbai from September 12-15.

'India is prepared to deal with sanctions against Iran'

India is fully prepared to deal with any fallout of the US sanctions on Iran and has made necessary provisions for every possible scenario, says a top government adviser. However, he said, it was better to wait till the actual events happen and react quickly to them, rather than pre-commit to a certain sequence of actions.

'India in exceptional period of stability, despite falling rupee'

As the Indian rupee plunged to a fresh record low of 70.60 to a US dollar on Wednesday, a top government official said there is no need to be alarmed as despite the short-term volatility, the country is going through "an exceptional period of stability".

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For creating an ecologically-friendly environment in Pakistan

  Unchecked urbanisation, overpopulation, tap water mixed with sewage water, raw industrial domestic effluents going straight into River Ravi without any cleansing process. Depleting ground water without adequate recharge of ground aquifers.

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Fitch raises India's FY19 GDP growth forecast to 7.8%

US multinational Fitch Ratings on Friday raised India's GDP growth forecast for the current fiscal to 7.8 per cent, up from their earlier estimate of 7.4 per cent, indicating, however, that ...

Read more...
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