Global Growth

Fitch said there is evidence of an underlying US slowdown in the 'hard economic data', but China’s export growth has managed to hold up well in the face of the shock of Trump tariffs, and even Eurozone growth has seen positive surprises

Premature to conclude but geopolitical turmoil could risk global growth for several years, says CEA Anantha Nageswaran

The CEA added that conflicts and disruptions on the global scene have been around since 2022 but have become more intense and unpredictable, which makes the overall environment - political, economic or militarily - more difficult for growth.

Trump’s tariffs plunge US and global economy into slowdown

The OECD now forecasts global economic growth to slow to 2.9% this year from 3.3% in 2024. It expects the rate of expansion in the US will tumble further, to 1.6% from 2.8% — an outlook that is significantly lower than its projection in March.

World Bank's Ajay Banga says trade deals could ease global uncertainty

World Bank's Ajay Banga said the global trade environment is currently volatile and uncertain, but upcoming trade deals between nations could ease this uncertainty and quickly lift the business sentiment.

India's PMI gauge shines as uncertainty dents manufacturing across the world

While factory activity across major economies took a dip, India’s manufacturing performance surged to a 10-month high of 58.2 in April compared with 58.1 in the previous month.

IMF cuts global growth forecast to 2.8% amid Trump’s tariff turmoil

The IMF's projections, which incorporate some but not all tariff measures introduced this year, see the global economy growing by 2.8 percent this year.

Calibrated policy can help turn global volatility into an opportunity: RBI bulletin

The imposition of tariffs by US President Trump earlier this month had jolted the global economy and financial markets, including India, fanning potential slowdown fears, however, the uncertainty has eased after Trump paused the reciprocal tariffs for 90 days.

India consumption, investment less prone to external headwinds: RBI bulletin

India’s position as the fastest growing major economy, coupled with macroeconomic stability, makes it a preferable investment destination in a world characterised by growth slowdown and macro vulnerabilities, the bulletin said

India set for a second consecutive rate cut in April amid global central bank caution on easing

In India, economists say macroeconomic conditions are better placed due to lower inflation, which is below the RBI’s medium-term target of 4 percent, and a growth bounceback in the third quarter of this fiscal year, which may lead to a 25 bps rate cut in the April monetary policy.

FDI flows could be impacted due to rising risk aversion, says CEA

V Anantha Nageswaran has said it is vital for India to sustain growth over the next few years as the world economy faces pressure

India’s 6.3-6.8% GDP growth estimate for FY26 not a slowdown, says CEA

India’s current growth rate is reflective of these external conditions rather than a domestic economic slowdown.

Indian economy to grow at 6.5% in FY26 and FY27: IMF

The World Bank had projected the economy to grow 6.7 percent over the next two fiscal

China’s omnipresence makes it indispensable to global growth

While US attempts to decouple from China make headlines, its impact on other parts of the globe, across Europe, Asia and Africa, are equally, if not more crucial to examine

Why China's slowdown is not India's headache?

As China's growth slid to 4.7 percent in Q2 2024, economists said that a Chinese slowdown could marginally impact global growth but impact on India will be limited

India's GDP will reach $4 trillion this year, Sanjeev Sanyal tells Cambridge event

In a dialogue at the University of Cambridge, Sanyal highlighted India's fast pace of growth last year, and said the country is anticipating a growth rate of 7 percent this year, which should be higher than all major economies.

Weekly Tactical Pick: Position for a global growth proxy before a domestic risk event

Aarti Industries well positioned to start reaping the benefits of a massive capex cycle, which is underway.

“India has emerged from being a coach to the engine of global growth”: Nilesh Shah

Nilesh Shah, Managing Director of Kotak Mahindra Asset Management Co. talks about India’s contribution to global GDP. How has India’s GDP grown historically? Watch to find out.

Chart of the Day: Bulging global debt is primed for an explosive 2024

In the year 2024, the efforts of sovereigns in both advanced and emerging economies would be to contain a fiscal explosion. Governments across the world would be tested on their ability to keep fiscal costs under control

Essential for emerging economies to become engines of growth, help resolve global crisis: Sitharaman

She further said the G20 Presidency has come at a crucial stage for the emerging economies, stressing that three years are critical for the global economy, which is going through a reset.

China, India to lead global growth over the next five years: IMF report

Global headline inflation is set to fall from 8.7 percent in 2022 to 7.0 percent in 2023 on the back of lower commodity prices, but underlying (core) inflation is likely to decline more slowly. Inflation’s return to target is unlikely before 2025 in most cases.

India third largest contributor to global growth, but way behind China

China’s contribution to global GDP growth in 2023 is likely to be 23.8 percent, against India’s 6.6 percent, according to IMF projections 

Janet Yellen says OPEC+ move bad for global growth outlook

"I think it's a regrettable action that OPEC decided to take," Yellen told reporters, adding it was too early to assess what the price impact would be.

Global economy 'speed limit' on track to hit 30-year low by 2030, says World Bank

The multilateral institution says nearly all forces that drove economic progress over the last 30 years are fading and the global economy's speed limit is on track to fall to a three-decade low by 2030

Global outlook less gloomy, India a bright spot: IMF's top economist Pierre-Olivier Gourinchas

Gourinchas said that while global inflation developments were encouraging, the battle is "far from won"

There is good news on the global economy

Officials and business leaders at last week’s annual World Economic Forum in Davos embraced a more confident outlook, and the IMF signalled that it would soon upgrade its forecasts for global growth for 2023