New Delhi: India's economic recovery widened in Q2FY22 as the impact of Covid-19's second wave abated, ratings agency ICRA said.In quarterly terms, half of the high frequency indicators recovered above their pre-Covid levels in Q2FY22, it said.In Q1FY22 only three out of the 14 indicators had exceed...
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Mumbai: Ratings agency Acuite Ratings & Research has retained India's FY22 growth forecast at 10 per cent on the back of likely revival in consumption demand during the festive season.The agency cited steady progress in vaccination and expected improvement in consumption driven pent-up demand am...
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Ankara: The Turkish lira has dropped to a historic record low against the US dollar, triggering widespread concerns for the country's future.At 2 p.m. on Thursday, one dollar was traded at 9.49 Turkish liras after Turkey's central bank surprisingly cut its policy rate by 200 basis points to 16 per c...
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Niti Aayog Vice Chairperson Rajiv Kumar estimates that the country's economic growth will be over 10.5 percent.The number is higher than the IMF and RBI projections. Previously, the Reserve Bank of India, revised GDP growth for the country from 10.5 percent to 9.5 percent.The International Monetary ...
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Amit Mitra, West Bengal's Finance Minister has blamed the Modi government at the Centre for a mass exodus of Indian entrepreneurs of high net worth between 2014 and 2020.In a series of tweets, the state Finance Minister questioned the government at the centre and questioned whether it was "fear psyc...
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Washington: US economic growth slowed from mid-August through September, constrained by supply chain disruptions, labour shortages, and a Delta variant-fuelled Covid resurgence, according to a Federal Reserve survey."Outlooks for near-term economic activity remained positive, overall, but some Distr...
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Mumbai: A virtuous cycle, supported by strong capex and productivity, is taking off in India, a Morgan Stanley research report said on Wednesday.Strong rates of growth, coupled with benign macro stability risks, set a positive backdrop for the ratio of corporate profits to GDP to rise. This cycle wi...
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New Delhi: Consumer confidence of Urban Indians has further improved in October, and has surged by 1.9 percentage points over September, according to the Refinitiv-Ipsos India Primary Consumer Sentiment Index (PCSI).The monthly PCSI, which is driven by the aggregation of the four weighted sub-indice...
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New Delhi: Capital markets house, UBS sees better relative performance for the ASEAN stock markets versus "extremely expensive India" in addition to a double upgrade for China to overweight."We started this year with a strong preference for ASEAN over China and Taiwan. While it has taken ASEAN a whi...
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Washington: The International Monetary Fund (IMF) has revised down its 2021 economic growth forecast for Asia to 6.5 per cent, down by 1.1 percentage points from its April projection, according to a newly released regional economic outlook."The resurgence of the pandemic, amid initially low vaccinat...
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