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 […]
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, […]
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 […]
The stars are lining up for gold demand in India for the Hindu religious festival of Akshaya Trithiya this week. And it is not just for auspicious reasons alone. After recording the strongest first quarter gold jewellery demand in four years, the strong momentum is set to continue in the second quarter as well, traders […]
Talks about the US and China coming close to reach an agreement on the trade deal have been rife for a while now, even as US officials say that they are “not satisfying as yet” on the current developments. An announcement is expected in the next four to six weeks. As per US officials, China […]
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 […]
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 […]
By Ritwik Sinha Gold prices, which have consistently risen in both international and domestic markets in recent months, are likely to firm up further in the near run, said Professor Arvind Sahay, Chairperson of the Ahmedabad-based India Gold Policy Centre. The trend is unlikely to taper off anytime soon as uncertainties in international trade have […]
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 […]
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 […]
