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IMF outlook: India indeed is a bright spot but global slowdown is bad news for exports

Jan 20, 2016 at 07:57 | Source: FirstPost

Yes, it is indeed great that yet another international organisation has affirmed that the Indian economy will grow over the next two years (7.5 percent in 2016 and 2017), even as the Chinese economy declines. But can we hold the back-slapping a bit?T...

Bright spot: World Bank sees India growing 7.8% next year but flags political logjam among risks

Jan 07, 2016 at 10:09 | Source: FirstPost

The downward revision of growth numbers in the Mid-Year Economic Analysis 2015-16 released last month to 7-7.5 percent from the 8.1-8.5 percent projection in the Economic Survey last February has been a bit disheartening for the governments economic ...

India set to shine, says World Bank, but flags political logjam among risks

Jan 07, 2016 at 08:51 | Source: FirstPost

The downward revision of growth numbers in the Mid-Year Economic Analysis 2015-16 released last month to 7-7.5 percent from the 8.1-8.5 percent projection in the Economic Survey last February has been a bit disheartening for the governments economic ...

Indian sugar export prospects fade as domestic prices soar| Reuters

Jan 05, 2016 at 23:30 | Source: FirstPost

LONDON/MUMBAI Indian domestic sugar prices have surged, boosting incentives for production of low-quality white sugar for the local market and giving Brazil a competitive edge in the export market.Sugar prices in India have risen more than 15 percent...

With plethora of worries to ponder at, 2016 will severely put to test Modi govts economic management skills

Jan 01, 2016 at 11:45 | Source: FirstPost

The Narendra Modi government entered 2015 on an economic policy high. It had just tabled the Constitution amendment bill to introduce goods and service tax (GST), it had promulgated an ordinance on a new land acquisition law, it had started the proce...

Global growth will be disappointing in 2016 - IMF's Lagarde| Reuters

Dec 31, 2015 at 01:15 | Source: FirstPost

BERLIN Global economic growth will be disappointing next year and the outlook for the medium-term has also deteriorated, the head of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday.IMF ...

GLOBAL ECONOMY YEARAHEAD - Prospects still slim for major global economic pickup| Reuters

Dec 18, 2015 at 23:45 | Source: FirstPost

LONDON/BRASILIA/BENGALURU The world economy may be set for another year like 2015, with modest growth in developed economies offsetting persistent weakness elsewhere but generating very little inflation and keeping interest rates low.The U.S. Federal...

Rally in local sugar prices puts brakes on India's exports| Reuters

Dec 17, 2015 at 00:30 | Source: FirstPost

MUMBAI/LONDON Indian sugar exports are likely to slow down in coming month as a 12 percent jump in local prices in a fortnight has discouraged mills from signing new export deals despite a government mandate for overseas sales.The slowdown in exports...

Exports decline 24% in November, experts say greater Africa focus can stem the decline

Dec 16, 2015 at 09:42 | Source: FirstPost

India's merchandise exports shrank for a 12th straight month in November, falling an annual 24.43 percent, government data showed on Tuesday.Indian exporters shipped goods worth $20.01 billion last month, lower than $21.35 billion provisionally repor...

Cameron's 'Brexit' riddle: Row with EU or row with Eurosceptics?| Reuters

Dec 15, 2015 at 23:46 | Source: FirstPost

LONDON When David Cameron urges European Union leaders on Thursday to do a deal to keep Britain in the bloc, he will face a riddle that has haunted Conservative prime ministers for three decades: a row with Europe or a row with Eurosceptics at home?C...

India to get Japan's bullet train, deepens defence and nuclear ties| Reuters

Dec 13, 2015 at 01:15 | Source: FirstPost

NEW DELHI Japan will provide $12 billion of soft loans to build India's first bullet train, the two nations announced during a visit by Japanese Prime Minister Shinzo Abe that also yielded deeper defence ties and a plan for civil nuclear cooperation....

Full text: Joint Statement on India and Japan Vision 2025

Dec 12, 2015 at 14:14 | Source: FirstPost

India and Japan on Saturday signed several MoUs, including the peaceful use of nuclear energy, and the Prime Ministers of the two countries Narendra Modi and Shinzo Abe issued a joint statement saying that the bilateral relationship between the two c...

Alibaba.com looks to rev up 10 million Indian businesses onboard

Dec 08, 2015 at 14:30 | Source: FirstPost

Alibaba group's B2B arm Alibaba.Com said it aims to more than double its user base in India over the next few years through on-boarding of over 5 million businesses on its wholesale trading platform.Alibaba.Com, which connects buyers and wholesale su...

Alibaba.com hopes to see 10 million businesses from India on its platform

Dec 08, 2015 at 12:20 | Source: FirstPost

Alibaba group's B2B arm Alibaba.Com said it aims to more than double its user base in India over the next few years through on-boarding of over 5 million businesses on its wholesale trading platform.Alibaba.Com, which connects buyers and wholesale su...

WTO talks stuck again as ministers prepare to meet, Azevedo says| Reuters

Nov 26, 2015 at 23:15 | Source: FirstPost

GENEVA World trade talks are deadlocked and ministers are unlikely to find a way out of the impasse when they meet in Nairobi next month, World Trade Organization Director-General Roberto Azevedo said on Thursday. "We clearly are stuck in the ne...

Commit Internet for all; it is key to inclusive growth: Sunil Mittal tells G20

Nov 16, 2015 at 09:43 | Source: FirstPost

Bharti Enterprises Chairman Sunil Mittal on Sunday called on leaders of the world's biggest 20 economies (G20) to ensure Internet access for all saying easy and affordable connectivity is a key driver for growth.Speaking at the B20 session, held on s...

Asian shares at one-month low on Fed, global growth concerns| Reuters

Nov 10, 2015 at 06:45 | Source: FirstPost

TOKYOAsian shares slipped to one-month lows on Tuesday as the spectre of higher borrowing costs in the United States and slower global economic growth prompted investors to trim their exposure to riskier assets.Over the weekend, financial markets wer...

Round-up: Here's how business community perceives the BJP's Bihar drubbing

Nov 09, 2015 at 15:17 | Source: FirstPost

With the NDA led by the BJP receiving adrubbing in the Bihar polls, the question that has come to the fore is whetherthe governmentwill put the reformprocess onbackburner, given theconfidence boost theopposition has got from the thumping victory at t...

Asia surges with Japan, China stocks in lead; risk appetite lifts dollar| Reuters

Nov 05, 2015 at 02:15 | Source: FirstPost

TOKYO Asian shares surged on Wednesday following gains on Wall Street, with Japanese and Chinese stocks leading the way, while investors' stronger appetite for riskier assets pushed up U.S. debt yields.Spreadbetters saw Asia's upward momentum spillin...

China's Xi says annual growth of about 7 pct possible over next five years| Reuters

Nov 04, 2015 at 02:30 | Source: FirstPost

BEIJING China can maintain annual economic growth of around 7 percent over the next five years but there are uncertainties, including weak global trade and high domestic debt, Xinhua news agency quoted President Xi Jinping as saying on Tuesday. Annua...

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