Underlining that there is enormous potential in the economic sphere between the US and India, Kenneth Juster said the two countries have only begun to scratch the surface.
Industrial output, investment, retail sales and trade all grew less than expected last month, after the world's second-largest economy put in a surprisingly strong showing in the first half, adding fuel to a global recovery.
In April, the IMF hiked its forecast for this year to 6.6 percent from January's 6.5 percent, which was 0.3 percentage points above the previous projection.
Japan wants to keep the bilateral dialogue, to be led by Vice President Mike Pence and Deputy Prime Minister Taro Aso and starting next Tuesday, focused on economic policy, energy, infrastructure investment, and the rules of trade.
The minutes released on Wednesday of the March 14-15 policy discussion, at which the Fed voted 9-1 to raise interest rates, also showed that the rate-setting committee had a broad discussion about whether to phase out or halt reinvestments all at once.
Spot gold notched a quarterly gain of about 8.4 percent on Friday, marking its best quarter in a year.
The stock market just turned in its worst one-day performance of the year, worries are escalating in Washington and on Wall Street that President Donald Trump's agenda has hit stall speed, and the notion that the Fed will have a free ride seems considerably less certain.
US Treasury Secretary Steven Mnuchin spoke with Finance Minister Arun Jaitley over phone on Tuesday and underscored India's importance as an economic partner of the United States, the Treasury Department said in a statement yesterday.
Boeing is set to break ground on its first overseas plane factory by the end of this month, and will aim to deliver 100 planes per year, with the initial batch expected in 2018, Chinese state media reported.
There was a "good increase in trade but opportunities do exist. The newer sectors in which we can have greater interaction, engagement and productive relationship are renewable energy, pharmaceuticals and healthcare," the Commerce and Industry Minister said.
Martin Sorrell, the founder and head of the British firm, said clients seeking to drive down costs had made the advertising industry ultra competitive when bidding for new work, leading to contract losses from the likes of VW and AT&T.
The core consumer price index (CPI), which includes oil products but excludes volatile fresh food prices, rose 0.1 percent in January from a year ago, government data showed on Friday, posting the first increase since December 2015.
The President noted that for 50 years before independence, the economic growth rate of India was 0 to 1 percent.
Voicing concerns that judiciary has acquired more authority than legislators, he said the society has become highly litigious and vouched for independent regulatory institutions that are free from political interference.
IHS Markit's final manufacturing Purchasing Managers' Index for the euro zone rose to 55.4 in February, the highest since April 2011, from January's 55.2. It was revised down slightly from a flash estimate of 55.5 but remained far above the 50 mark denoting growth in activity.
The Manila-based bank's report covering 45 countries says despite dramatic growth in infrastructure development that has spurred an economic rise, reduced poverty and improved people's lives, a substantial infrastructure gap remains.
Hemant Kanawala of Kotak Mahindra Old Mutual Life Insurance believes the telecom sector will see intense competition as Reliance Jio intends to capture 20-25 percent of the revenue share in the next couple of years.
In its APAC Economic Snapshots, S&P also said that fiscal deficit target of 3.2 percent for the next financial year announced in Budget is "reasonably ambitious".
A new exhibition centre has just opened its doors in the city, the capital of Liaoning province in northeastern China, and the skyline is dotted with cranes working on high-end shopping malls and apartments.
The imperatives that drive Africa-India engagement are based on "shared challenges, common interests, and perceptions of mutual benefit" and come from "our complementary strengths and capacities that make us natural economic and commercial partners," Ansari said.
The net profit of USD 2.48 billion compared with USD 13.52 billion recorded in 2015, with group chairman Douglas Flint saying geopolitical changes contributed to "volatile financial market conditions".
The slowdown that started in the October-December quarter of 2016, post the demonetisation is spilling over into the first quarter of 2017 (January-March).
Chinese Foreign Minister Wang Yi yesterday said the summit, to be held in southeast China's coastal city of Xiamen in September, will not only contribute to common development of BRICS (Brazil, Russia, India, China and South Africa) countries, but also promote more inclusive and balanced economic globalisation.
Prabhu arrived here to attend the 'Nepal Infrastructure Summit 2017', organised by the Confederation of Nepalese Industries (CNI) in association with the Nepal government and Youth Community for Nepalese Contractors (YCNC) to be held between February 19-20.
Thailand Deputy Prime Minister Somkid Jatusripitak said, "We really want to work with Indian government to have free trade agreement (FTA) together even though we had some obstacles in the past but I think we can keep that off."