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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Upcoming elections may slow pace of India's economic reforms: IMF

 

India's pace of economic reforms may be slowing down in the coming months because of the impending elections, although it has carried out major reforms that could help the nation reap the benefits of the upswing, according Christine Lagarde, the managing director of the International Monetary Fund.

India to retain fastest growing economy spot: IMF

The International Monetary Fund (IMF) has said that India will retain its top spot as the world's fastest growing economy, helped by structural reforms and the fading of the effects of demonetisation and the new goods and services tax system.

3 Indian social entrepreneurs among global competition winners

Three Indian inventors have been named the regional grand prize winners of the 2018 ASME Innovation Showcase (ISHOW), a global competition that offers monetary and technical support to help bring design prototypes of social entrepreneurs to populations in need.

India-United States trade deficit: Myth and reality

Trade deficit on its own is not a bad thing. Even India suffers from a trade deficit with the rest of the world. In 2016, in terms of goods trade, the United States’ trade deficit with India was US$22bn – a mere 2.7 percent of total US trade deficit of US$798bn with the world that year.

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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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