Recession unlikely to hit India due to ‘not so coupled’ nature with global economy: Rating agency S&P

Recession unlikely to hit India due to ‘not so coupled’ nature with global economy: Rating agency S&P

Paul F. Gruenwald, S&P global chief economist, said a lot depends on how global fund flows behave if there is a recession in the U.S. and Europe. Paul F. Gruenwald, S&P global chief economist, said a lot depends on how global fund flows behave if there is a recession in the U.S. and Europe. Global […]

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Asian Development Bank cuts India’s GDP growth forecast to 7%

Asian Development Bank cuts India’s GDP growth forecast to 7%

India’s economy grew 13.5% year-on-year in the first quarter of 2022-23, reflecting strong growth in services India’s economy grew 13.5% year-on-year in the first quarter of 2022-23, reflecting strong growth in services The Asian Development Bank (ADB) has slashed India’s economic growth projection for 2022-23 to 7% from 7.2% earlier, citing higher than expected inflation […]

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Asian Development Bank cuts India’s GDP growth forecast to 7%

ADB cuts India’s GDP growth forecast to 7%

High inflation and monetary tightening cited. High inflation and monetary tightening cited. The Asian Development Bank (ADB) has slashed India’s economic growth projection for 2022-23 to 7 per cent from 7.2 per cent earlier, citing higher than expected inflation and monetary tightening. India’s economy grew 13.5 per cent year-on-year in the first quarter of 2022-23, […]

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China’s COVID curbs retard growth, Q2 GDP rises 0.4%

China’s COVID curbs retard growth, Q2 GDP rises 0.4%

Widespread lockdowns hammer industrial activity, demand; analysts expect full-year growth to lag 5.5% target Widespread lockdowns hammer industrial activity, demand; analysts expect full-year growth to lag 5.5% target China’s economic growth slowed sharply in the second quarter, highlighting the colossal toll on activity from widespread COVID lockdowns and pointing to persistent pressure over coming months […]

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Business Matters | Global recession fears: Would this affect India?

Business Matters | Global recession fears: Would this affect India?

Predictions on oil prices have come in thick and fast. Curiously, they could swing either way on how global conditions pan out. Take the case of forecasts late last month by Bank of America analysts: global oil prices could go as high as $150 per barrel if Europe’s sanctions against Russian crude oil phase in […]

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