IMF drives down global growth forecast; India to grow at 9.5% this year and 8.5% in 2022

India’s economy, which contracted by 7.3 per cent due to the COVID-19 pandemic, is expected to grow by 9.5 per cent in 2021 and 8.5 per cent in 2022, according to latest projections released by the International Monetary Fund (IMF). India’s growth projection released by the latest World Economic Outlook remains unchanged from its previous […]

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COMMENT – No real impact on gold and silver from virtual Jackson Hole

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CARSTEN MENKE, Head of Next Generation Research, Julius Baer Even though the central bankers’ famous symposium in Jackson Hole lifted gold and silver prices on Friday last week, there should be no major fundamental impact on the markets. The key question remains whether the economy continues to recover or whether it slips back into recession. […]

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Indians drive into online grocery shops to buy everything from mithai to masalas

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Indian consumers have been increasingly buying grocery online in a trend that is now being dubbed irreversible since the coronavirus pandemic piloted the country’s first lockdown last year, shuttering supermarket and neighbourhood mom-and-pop stores. The convenience of a few clicks on laptops or smartphones from the safety of home that gets groceries delivered to the […]

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