INTERVIEW – Gold safest investment in these uncertain times, WGC India chief

gold-1.jpg

The current state of the global economy made gold a very attractive investment, said Somasundaram PR, managing director of World Gold Council, India, acknowledging that the dark clouds thanks to the on-going US-China trade war, depressed interest rates and uncertainties around oil production and prices made things difficult. “It is well known that during times […]

Read more

India needs to push exports of value-added products to boost overall earnings – official

By Ritwik Sinha India needs to aggressively push exports of value-added products as part of a strategy to boost overall exports which have been stagnant for a significant period, a top trade official has said. “This is an area which needs special emphasis considering our stagnating exports,” Mohit Singla, chairman Trade Promotion Council of India, […]

Read more

INTERVIEW: China may allow access to more Indian commodities in the near term: TPCI chairman

46946546081_8a317d2704_o.jpg

By Ritwik Sinha Against the backdrop of the bruising US-China trade spat, Indian exporters are hopeful that Beijing will allow direct access to Indian commodities and products soon. China, one of India’s biggest bilateral trade partners,  is currently engaged in a bitter tariff war with the Trump administration, forcing it to redraw its international trade […]

Read more

China’s growth to moderate in 2019 and 2020 amid dimmer global outlook — ADB

15894031267_c4fc2a6846_o.jpg

Economic growth in China is expected to moderate in the next two years as global growth slows and trade tensions with the United States (US) weigh on trade and investment, according to the Asian Development Bank (ADB). In its Asian Development Outlook (ADO) 2019, ADB projects gross domestic product (GDP) growth for the world’s second largest […]

Read more

Slower global demand pulls down developing Asia’s growth prospects — ADB

kyle-ryan-687991-unsplash.jpg

Growth remains strong across most of developing Asia but is set to moderate this year and next year against the backdrop of slowing global demand and persistent trade tensions, according to a new Asian Development Bank (ADB) report. The latest Asian Development Outlook (ADO) 2019, ADB’s flagship economic publication, forecasts that growth in the region will soften […]

Read more

OECD cuts global growth forecast over trade tensions, Brexit uncertainty

guillaume-bolduc-259596-unsplash.jpg

Trade tensions and political uncertainty, including Brexit, are weighing on the world’s economy, the Organisation for Economic Co-operation and Development (OECD) warned as it again cut its 2019 forecast for global economic growth to 3.3% for the current year, down from 3.5% it predicted earlier. “High policy uncertainty, ongoing trade tensions, and a further erosion […]

Read more

Trump says to end preferential trade status for India; New Delhi shrugs off threat

kyle-ryan-687991-unsplash.jpg

In what could impact India’s $5.6 billion worth of exports to the US, President Trump has said the United States may end India’s preferential trade treatment under a programme, but New Delhi shrugged off the threat saying the ipact would be minimal and that it would continue to engage with Washington to resolve the issue. Trump […]

Read more