US President Donald Trump has predicted that the US economy will soon recover from the coronavirus-induced economic slowdown and that next year will be the best economic year in the country’s history. (Click here for full coverage of the 2020 U.S. elections) Republican President Trump faces a tough challenge from …
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Reliance has announced investments worth more than $ 25 billion from foreign investors in recent months Billionaire Mukesh Ambani, president of Reliance Industries Ltd., said that India must redefine its manufacturing sector to fuel growth. “There is a need to rethink and redefine manufacturing in India. We need to strengthen …
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Arvind Subramanian said that a more appropriate base is GDP at constant prices and purchasing power parity (PPP) exchange rates, showing India ahead. (Image from Bloomberg) Former chief economic adviser Arvind Subramanian said we should measure real GDP in local currency after taking out the effects of inflation and then …
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The British pound sank on Friday, boosting the London stock market after British Prime Minister Boris Johnson warned he was ready to walk away from European Union trade talks and prepare for a “no deal” Brexit. . The British pound fell below $ 1.29 after Johnson accused the EU of …
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Girls in protective masks wait to pray inside the temple premises on the occasion of the annual Onam harvest festival, amid the spread of the coronavirus disease (COVID-19), outside Kochi, India, on 31 August 2020. Sivaram V | REUTERS SINGAPORE – Economists were unimpressed by India’s latest economic stimulus aimed …
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The International Monetary Fund (IMF) projected on Tuesday that India’s gross domestic product (GDP) would plunge in fiscal year 21 by 10.3%, revised down from its June forecast of a 4.5 drop. %, which reflects a severe contraction of what was anticipated in economic activities in the first year. quarter …
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Finance Minister Nirmala Sitharaman’s announcements of fiscal stimulus at a press conference on Monday turned out to be a bit silly. That’s because the ads are not expected to have a material impact on consumer demand. The boost to consumer spending is expected to be on the order of Rs36,000 …
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By: Express Web Desk | New Delhi | October 6, 2020 1:48:18 pm A Reserve Bank of India (RBI) sign is displayed inside the central bank’s headquarters in Mumbai, India, on Thursday, February 6, 2020 (Photographer: Dhiraj Singh / Bloomberg). With the government appointing three members to the Monetary Policy …
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New Delhi: Outbound shipments from India turned positive for the first time in seven months, with merchandise exports growing by 5.3% in September, mainly driven by the rebound in external demand for goods in sectors such as engineering, petroleum, pharmaceuticals and clothing. mint It was the first to report on …
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MUMBAI : India posted a record current account surplus of $ 19.8 billion in the April-June quarter due to falling imports. The quarter also saw a decline in net foreign portfolio and foreign direct investment, while remittances from foreign workers fell. The current account surplus increased sharply to 3.9% of …
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