India, which appears to have been rejected for becoming the world’s sixth-largest economy in 2020, will once again overtake the United Kingdom to become the fifth-largest in 2025 and race to third place in 2030, an expert group said on Saturday. India had overtaken the UK in 2019 to become …
Read More »
LONDON: China will overtake the United States to become the world’s largest economy in 2028, five years earlier than previously estimated due to the two countries’ contrasting recoveries from the Covid-19 pandemic, an expert group said. “For some time, a general theme of the global economy has been the economic …
Read More »
NEW DELHI: India economy contracted for the second consecutive quarter, but the rate of decline dropped dramatically in all three period of the month ending September like the agricultural sector it remained strong as manufacturing returned to the positive zone. However, critical services segments fell for the second consecutive quarter. …
Read More »
From being the first country where the Covid-19 virus was detected, China is poised to become the only major economy in the world to grow in 2020. China’s gross domestic product (GDP) expanded 4.9% in the July-September quarter. , according to statistics published by the country’s National Statistics Office. Given …
Read More »
China’s economic growth accelerated to 4.9% from a year earlier in the latest quarter as an unstable recovery from the coronavirus pandemic strengthened. Factory output increased, driven by global demand for masks and other medical supplies, while retail spending returned to pre-virus levels for the first time, government data showed. …
Read More »
Representative image NEW DELHI: Global rating agency Fitch on Tuesday drastically revised its forecast for GDP growth, estimating it to contract 10.5% in 2020-21, while Goldman Sachs expects it to decline 14.8% in the current fiscal year. Both entities have made sharp downward revisions to their forecasts after last month’s …
Read More »