Global growth to weaken to 2.6% in 2019, substantial risks seen; India seen rising to 7.5% – World Bank

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Global economic growth is forecast to ease to a weaker-than-expected 2.6% in 2019 before inching up to 2.7% in 2020, the World Bank said, adding that growth in emerging market and developing economies is expected to stabilize next year as some countries move past periods of financial strain, but economic momentum remains weak. Emerging and […]

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India’s GDP growth in Q4 slips to 5.8% despite a 6.5% growth estimated in a FICCI survey

India’s economic growth rate slipped to 5.8 per cent during the fourth quarter of 2018-19, according to official data released this week. China’s economy had grown by over 6 per cent in the fourth quarter. A mere couple of days ago, in an economic outlook survey conducted by FICCI, it was estimated that India’s GDP is […]

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Renewables set to outprice oil and gas by 2020: IRENA

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According to a report by the International Renewable Energy Agency (IRENA) cited by Reuters, beginning 2020, electricity generated by solar PV and onshore wind is set to become consistently cheaper than the most cost-effective fossil fuel alternative, without subsidies. In essence, more than 80 percent of solar PV and 75 percent of onshore wind power deployments […]

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