Economy Archives - Page 232 of 312

Economy

September 25, 2024 10:51 AM

ADB maintains growth forecast for Developing Asia, says more stimulus expected in China

Developing Asia is on track to grow 5% this year, supported by strong consumption and high demand for tech exports, the Asian Development Bank (ADB) forecast on Wednesday, and said China was expected to roll out more economic support measures. In an...

September 25, 2024 10:50 AM

India-China relationship key to Asia’s future: EAM Jaishankar

India's External Affairs Minister S. Jaishankar emphasized the pivotal role of the India-China relationship in shaping the future of Asia and the world during his address at the Asia Society Policy Institute in New York on Tuesday. In a rapidly evolv...

September 25, 2024 9:07 AM

Prime Minister Modi has built a strong relationship with United States, says World Bank President

World Bank President Ajay Banga heaped praise on Prime Minister Narendra Modi for prioritising on building a strong relationship with the United States both bilaterally and also through the Quad security grouping, adding that it has been his strategy...

September 24, 2024 9:13 PM

India makes its mark in the inaugural Gulf Food Green

The Dubai World Trade Centre is abuzz this week as it hosts tens of thousands of visitors from the global food and beverage industry for the inaugural Gulfood Green event. This unique showcase, dedicated to sustainable practices, cutting-edge technol...

September 24, 2024 8:00 PM

India Remains Nepal’s Largest Trading Partner

India continues to hold its position as Nepal's largest trading partner, according to the latest Nepal Trade Statistics released by the Department of Customs. As of mid-September in the fiscal year 2024-25, Nepal’s trade deficit reached NPR 237.45 ...

September 24, 2024 5:00 PM

Basmati rice exports seen surging after floor price removed

India's decision to remove the floor price for basmati rice exports is expected to spur a flurry of orders from the Middle East, Europe, and the Americas, leading exporters said, helping New Delhi to increase its share of the global market. The worl...

September 24, 2024 4:50 PM

Sensex, Nifty hit fresh highs amid global rate cuts

India’s benchmark indices extended their rally, reaching record highs for the fourth consecutive session on Tuesday. The Nifty crossed the 26,000 mark for the first time, while the Sensex surged past 85,000. At the close of trading, the Sensex set...

September 24, 2024 3:36 PM

China’s central bank unveils most aggressive stimulus since pandemic

China's central bank on Tuesday unveiled its biggest stimulus since the pandemic to pull the economy out of its deflationary funk and back towards the government's growth target, but analysts warned more fiscal help was vital to hit these goals. The...

September 24, 2024 3:27 PM

S&P retains India’s growth forecast at 6.8%

India’s economy remains on a positive trajectory despite ongoing fluctuations. Global ratings agency S&P has upheld its forecast for India's economic growth at 6.8% for the current fiscal year 2024-25. The agency is also hopeful that the Reserv...

September 24, 2024 11:50 AM

US sees India as a partner, not a counterbalance to China, says Ambassador Eric Garcetti

The United States views India as a "friend and partner," rather than a counterbalance to China, emphasized US Ambassador to India Eric Garcetti in a recent interview. Garcetti underscored the strong partnership between the two nations, grounded in sh...

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