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India’s manufacturers could gain meaningful market share, especially as the US imposes much higher tariffs on other Asian economies, Ved said.
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Michael Patra, in a speech delivered at the Sixth Asia KLEMS Conference on Sunday, said it is widely believed that structural slowdown has been spreading across the global economy after growth peaked in 2010.
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With Prime Minister Narendra Modi set to flag off the semi high-speed modern train between Secunderabad and Tirupati on Saturday, four of the 13 operational Vande Bharat Express routes will connect some of India's most revered pilgrimage sites, the government sources said.
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The greenback weakened across the board Thursday, resuming a downtrend that started in earnest six months ago, and allowing the South Korean won, for example, to soar more than 2% to a one-month high. Such moves should make imports cheaper, helping to moderate price pressures.
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Survey data released on Tuesday showed U.S. business activity unexpectedly rebounded in February to reach its highest in eight months. In the euro zone, a survey-based gauge of activity also surged, hitting a nine-month high.
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The Organisation for Economic Cooperation and Development (OECD), the Paris-based intergovernmental body that focuses on economic policy reports in its latest Economic Outlook that India is set to be the second-fastest growing economy in the G20 in FY 2022-23 behind Saudi Arabia, despite decelerating global demand and the tightening of monetary policy to manage inflationary pressures.
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Observing that emerging markets and developing economies account for two-thirds of global greenhouse gas emissions and many are highly vulnerable to climate hazards, the International Monetary Fund said these developing economies would need significant climate financing in the coming years to reduce their emissions and to adapt to the physical effects of climate change.
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Many economies have seen sharp rises in price inflation since 2021 as adverse supply shocks buffet the global economy and labour markets appear tight in the wake of the acute COVID-19 shock, it said.
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While global growth this year was still expected at 3.0%, it is now projected to slow to 2.2% in 2023, revised down from a forecast in June of 2.8%, the Organisation for Economic Cooperation and Development said.
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Elevated global commodity prices meant that China’s official import growth of 1% in June from a year earlier hid a worse result for manufactured goods. Imports of hi-tech products and mechanical and electrical goods fell about 8% last month, according to recently released Chinese customs data.
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While the leaders of the world’s richest countries agree in theory on the need to reach net zero emissions by 2050 at the latest, they remain faithful to a fossil fuel industry reluctant to substantively change its business model.
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The Global Trade Update by the United Nations Conference on Trade and Development (UNCTAD) on Wednesday said that in Q1 2021, the value of global trade in goods and services grew by about 4 per cent quarter-over-quarter and by about 10 per cent year-over-year.
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The DGTR move comes after a complaint by Aarti Drugs
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Massive Chinese stimulus has reassured markets but investors are weighing hedge options for the tail risk scenario
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The International Monetary Fund (IMF) has projected a reduced growth rate for India, but the country's economy is "still growing as the fastest", she told a group of Indian reporters on Thursday.
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The issues were flagged by India on the first day of a meeting of senior officials of 22 members of the World Trade Organisation (WTO) here.
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The move is aimed at creating better-capitalised and fewer lenders and improving the regulatory oversight
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Gobbling up over a third of global supplies, Asia is the world's biggest and fastest growing region for oil consumption, and its seemingly insatiable fuel thirst has long been a core support for prices.
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Not a single sound or even 'a whisper' of protectionism is being heard in India and such talk is there only in the developed economies, said Jaitley, adding that this itself is a tribute to the fact that the country is willing to accept investments and tune its policies.
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According to PwC, E7 economies comprising Brazil, China, India, Indonesia, Mexico, Russia and Turkey would grow at an annual average rate of almost 3.5 per cent over the next 34 years, compared to just 1.6 per cent for the advanced G7 nations of Canada, France, Germany, Italy, Japan, the UK and the US.
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"The FPI outflow was not a phenomenon associated with Indian markets alone as FPIs pulled out of most EMEs (emerging market economies) in a big way due to higher returns in advanced economies," said the Economic Survey 2016-17, which was tabled by Finance Minister Arun Jaitley in Parliament.
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Since the 2008-09 Global Financial Crisis (GFC), internationally fiscal policy has seen a paradigm shift from the emphasis on debts to deficits, arguing for greater activism in flows (deficits) and minimizing concerns about sustainability of the stocks (debt).
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Federal Reserve officials said on Thursday that fiscal and tax plans sketched out by the incoming Trump administration could trade a short-term economic boost for inflation and debt problems they might have to counteract.
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US and Chinese data and an expected news conference by US President-elect Donald Trump in the coming week may shed some light on the state of the world's two biggest economies — and the outlook for relations between them.
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India's economy is forecast to grow 7.5 percent in the financial year through March 2018, according to Deutsche Bank. Goldman Sachs pegged the number higher at 8.6 percent.
