NEW DELHI: World Bank president Ajay Banga praised India’s growth rate on Thursday, highlighting its resilience in the global economy. He mentioned that much of this growth is fueled by the domestic market.“There is no doubt that India’s growth rate is among the shiniest parts in the world economy. I think being able to grow…
NEW DELHI: CEOs in India are confident of recovery in the global economy over next three years, but growth of their own companies keeps them awake at night. Significantly, reputation risk – stemming from misalignment with customer and public sentiment – has emerged as one of the top three threats facing these leaders in India,…
NEW DELHI: Minutes after Union finance minister Nirmala Sitharaman presented Budget 2024 of Modi government 3.0, the opposition hit out at the BJP-led NDA government for only appeasing its allies N Chandrababu Naidu and Nitish Kumar.Congress leader Rahul Gandhi hit out at the Modi government calling the budget only to “appease allies” for “kursi bachao”…
NEW DELHI: The Centre might have refused special category status for Bihar, but has given a bonanza in Union Budget 2024 for the state. The government proposed Rs 26,000 crore budget for various road projects in Bihar, announced finance minister Nirmala Sitharaman. Finance minister said the government “will formulate plan Purvodaya for all round development…
World Gold Council (WGC) in its mid-year outlook 2024 has said that the catalyst for gold could come from falling rates in developed markets, that attract Western investment flows, as well as continued support from global investors looking to hedge bubbling risks amid a complacent equity market and persistent geopolitical tensions. Gold has performed remarkably…
Spot gold tested a new lifetime high last week due to a combination of factors that have converged to propel the demand for the yellow metal. Multiple catalysts like US rate cut speculation, China’s economic stimulus, and renewed geopolitical tensions attributed to the rise in prices. Prices on the London spot market surged near to…
Representative image India‘s textile exports experienced a setback for the second consecutive year in 2023-24, reported TOI on Friday. The decline can be attributed to geopolitical tensions casting a shadow on the global economy. In the fiscal year 2023-24, exports amounted to $34.4 billion, marking a decline of over $1 billion (3%) compared to the…
The recent escalation in tensions, particularly following Iran’s drone offensive, is causing concern among finance ministers and central bank chiefs. The primary impact is expected on oil prices, which surged to $92.2 a barrel, posing risks to global economic stability. In India, while pump prices may not immediately rise due to elections, increased oil prices…
