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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India’s GDP may grow at 7.3% in FY20: Ind-Ra

India Ratings and Research (Ind-Ra) has revised India’s gross domestic product (GDP) growth estimate for fiscal 2019-20 to 7.3 per cent from 7.5 per cent earlier. The predicted lower-than-normal monsoon, the continued agrarian distress and the loss of momentum in the industrial output growth are being cited as the key reasons for the downward revision. […]

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IMF and ADB are hopeful of India but predict a synchronised slowdown by 70% of global economy

The performance of Indian economy in terms of standard economic parameters like GDP, consumption, investment, per capita income, inflation, current account deficit and fiscal deficit can be termed as reasonably good specifically while comparing with the result sheets of other economies, advanced or developing. There are, however, concerns on the sustainability of these indices in […]

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Air pollution from India’s stubble burning leads to $35 billion economic losses: IFPRI Study

Air pollution from intense crop residue burning (CRB) leads to an estimated economic loss of over USD 35 billion annually, claims a study by the International Food Policy Research Institute (IFPRI). Additionally, CRB is also a leading risk factor for acute respiratory infection (ARI), especially among children less than five years, particularly in the northern parts […]

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India’s GDP grows at 6.6% in third quarter of FY2019

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India’s Gross Domestic Product (GDP) grew a lower-than-expected 6.6 per cent in the October-December period, the lowest in five quarters, dragged by lower farm and manufacturing growth, government data showed. India’s GDP growth was revised down to 7 per cent from 7.1 per cent in the second quarter ended September 30, 2018, according to data released […]

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Growth Holding Up in Asia and the Pacific, Trade Tensions Pose Risks – ADB

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Growth remains stable across most of developing Asia due to robust domestic demand, buoyant oil and gas prices, and a consolidation of India’s growth rebound, but escalating trade tensions will test the region’s resilience, a new Asian Development Bank (ADB) report said. In an update of its flagship annual economic publication, Asian Development Outlook (ADO) 2018, ADB maintained […]

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