"US suspension of fast track H-1B visas. Will hurt India in the short run & then help. But will do huge damage to US," Basu, who is currently professor of economics at Cornell University, said in a tweet.
Willem Buiter of Citi feels the emerging markets are unlikely to falter as the momentum in the emerging markets steadily pick up pace in 2017. For instance, he says the worst performers of last year, Russia and Brazil, are showing various positive signs.
The GDP growth for the quarter ended December 31, is expected to be in the range of 5.5 to 6.5 percent. Last year, the GDP grew by 7.2 percent in the same period.
China's monetary policy will be prudent and neutral in 2017, which will help prevent a rapid rise in debt levels and asset bubbles, Ma Jun, chief economist at the People's Bank of China (PBOC), said.
The Nobel laureate observed that elements of liberty and fraternity were facing a "difficult time" in India and people are "afraid" of speaking against the government for the fear of being dubbed "anti-national".
A notification by the department of personnel and training (DoPT) on Friday said Sanyal has been appointed on contract for a three-year period from the date of assumption of charge of the post or until further orders.
The advance estimates of gross domestic product (GDP) for FY17 were released by the government today. At 7.1 percent, the GDP estimates based on data extrapolated for only 7 months of the current fiscal and therefore, excluding the impact of demonetisation, hinted at significant deceleration in the economy.
Banks and other financial institutions in China will have to report all domestic and overseas cash transactions larger than 50,000 yuan (USD 7,201.50), compared with 200,000 yuan previously, the central bank said on Friday.
The Reserve Bank of India (RBI) is set to annouce its bi-monthly policy on December 7. Market and bankers are betting on a 25 basis points reduction in the interest rate.
Nonfarm payrolls likely increased by 175,000 jobs last month after rising 156,000 in September, according to a Reuters survey of economists. The unemployment rate is forecast falling one-tenth of a percentage point to 4.9 percent.
Globally acclaimed economist Jagdish Bhagwati today hailed the appointment of Urjit Patel as the next RBI Governor as "terrific choice", saying he is an ideal person to head the central bank.
The IHS Market Japan Services Purchasing Managers Index (PMI) rose to 50.4 in July from 49.4 in June on a seasonally adjusted basis.
Amid subdued confidence, net balance for business activity among Indian companies is down from 16 percent in February to 15 percent in June -- its lowest in the survey history and the weakest of all four BRIC economies.
Chinese policymakers are trying to channel more credit into the economy to bolster growth but are on guard against fuelling sharp gains in the property market and fanning asset bubbles.
A Donald Trump presidency would be as big a global risk as the rising threat of jihadi terrorism, according to the Economist Intelligence Unit.
India's annual consumer price inflation edged up to a 17-month high of 5.69 percent in January, driven up by higher food costs, government data showed on Friday.
EF Schumacher, the celebrated economist and thinker wrote a book called Small is Beautiful. The theme was a perspective on economics as if people mattered. Well, small is indeed beautiful when it comes to the MSME sector in India.
Anemic consumer spending did little do change expectations that the Federal Reserve will raise interest rates next month as other data on Wednesday showed a surge in business spending plans in October and a drop in new applications for unemployment benefits last week.
The economics prize, officially called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, was established in 1968.
In an interview with CNBC-TV18, Margareta Drzeniek-Hanousz, lead economist at WEF and co-author of the Global Competitiveness Report 2015-16 said India lost out due to bottlenecks in infrastructure sector and drop in deficit budget.
The turbulent response of equity, commodity and emerging markets marks this as a rare, if not singular instance in recent years of markets reacting so negatively to an ostensibly dovish policy signal from the Fed.
The official manufacturing Purchasing Managers' Index (PMI) is forecast to inch down to 49.6 from August's 49.7, according to the median forecast of 29 economists in the poll.
Several government policymakers and business leaders have advocated a cut in interest rates to boost economic growth, but the central bank's priority is to ensure a sustainable reduction in inflation.
With a Chinese slowdown blamed for spooking the Fed last week into postponing a rate hike, China's flash manufacturing purchasing managers' index on Wednesday will be closely watched for signs of deterioration in the world's second-biggest economy.
The economist also said his call to move to cash is less of a "slam dunk" than it was becauseâ€”although volatility may riseâ€”the American economy continues to recover and parts of the US corporate sector are seeing positive developments.