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South Korea's economy grew faster than expected in Q4

South Korea's economy grew faster than expected in Q4

Thu, Jan 25, 2024

The Bank of Korea hinted this month that it may pivot towards monetary easing along with its global peers, as the central bank held interest rates steady for an eighth meeting.

India to be a USD 5 trillion economy by FY28; reach USD 30 trillion by 2047: FM

India to be a USD 5 trillion economy by FY28; reach USD 30 trillion by 2047: FM

Wed, Jan 10, 2024

India, with a GDP of roughly USD 3.4 trillion, is currently the fifth largest economy in the world, after the US, China, Japan and Germany.

GDP numbers for FY24 show discrepancies of Rs 2.59 lakh crore: NSO

GDP numbers for FY24 show discrepancies of Rs 2.59 lakh crore: NSO

Sun, Jan 07, 2024

Discrepancies in the statistical GDP data refer to the difference in national income under production method and expenditure method.

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GST Council meeting commences in the shadow of demonetisation

GST Council meeting commences in the shadow of demonetisation

Sun, Dec 11, 2016

The sixth meeting of the Goods and Services Tax (GST) Council commenced in New Delhi on Sunday in the shadow of demonetisation, whose fallout has put a serious question mark on implementing GST by the central government`s targeted deadline of April 1, next year.

Australia's economy slows 0.5% in September quarter as government spending falls

Australia's economy slows 0.5% in September quarter as government spending falls

Wed, Dec 07, 2016

Australia`s economy contracted for just the fourth quarter in 25 years, official data showed on Wednesday, slowing the annual growth rate to 1.8% amid weaker government and consumer spending on top of softer trade figures.

Demonetisation will push India's GDP growth: Piyush Goyal

Demonetisation will push India's GDP growth: Piyush Goyal

Sun, Dec 04, 2016

Notwithstanding economists` prediction that demonetisation would hit the country`s Gross Domestic Product (GDP) growth, Union Minister Piyush Goyal on Saturday said when informal economy goes into the formal mode with the banning of high-value currency, this will add to the GDP.

Govt must up public expenditure to push consumption: Assocham

Govt must up public expenditure to push consumption: Assocham

Sun, Dec 04, 2016

Arguing that private consumption will take a "significant hit" at least in the next two quarters following demonetisation, Assocham on Sunday said the government should jack up its public expenditure in 2016-17.

Demonetisation will push GDP growth to 10%: Arjun Ram Meghwal

Demonetisation will push GDP growth to 10%: Arjun Ram Meghwal

Sun, Dec 04, 2016

Demonetisation will lead to a spurt in economic activity, which will in turn push gross domestic product (GDP) growth to 10%, Union minister Arjun Ram Meghwal has said.

FM Arun Jaitley knew about demonetisation in advance: Piyush Goyal

FM Arun Jaitley knew about demonetisation in advance: Piyush Goyal

Sat, Dec 03, 2016

Dispelling rumours that Finance Minister Arun Jaitley was unaware of demonetisation, Power Minister Piyush Goyal on Saturday said he knew it and kept it as secret despite being "very friendly and open".

Consumers, exports give US economy muscle in the third-quarter

Consumers, exports give US economy muscle in the third-quarter

Wed, Nov 30, 2016

The US economy grew faster than initially estimated in the third quarter (Q3), notching its best performance in two years, buoyed by strong consumer spending and a surge in soybean exports.

Rupee gains 9 paise against dollar in early trade

Rupee gains 9 paise against dollar in early trade

Wed, Nov 30, 2016

The rupee firmed up 9 paise to 68.56 against the dollar in early trade on Wednesday, rising for the second straight day on increased selling of the US currency by exporters and banks.

Chilled by demonetisation, India to take cold comfort from strong GDP

Chilled by demonetisation, India to take cold comfort from strong GDP

Wed, Nov 30, 2016

India can ill-afford to take much pride in having the world`s fastest growing large economy when it releases September quarter data on Wednesday, with businesses, farmers and families all suffering after the government`s sudden demonetisation drive.

Notes Ban: Fitch cuts India's FY17 growth forecast to 6.9%

Notes Ban: Fitch cuts India's FY17 growth forecast to 6.9%

Tue, Nov 29, 2016

Fitch Ratings on Tuesday lowered India's gross domestic product (GDP) growth forecast for the current fiscal to 6.9% from 7.4%, saying there will be "temporary disruptions" to economic activity post demonetisation.

RBI may front-load rate cut to December to support growth: DBS

RBI may front-load rate cut to December to support growth: DBS

Tue, Nov 29, 2016

While global uncertainties and rupee volatility suggest first quarter (Q1) of 2017 is a better time to ease rates, the Reserve Bank of India (RBI) may bring forward the rate cut to December to support growth and tap favourable inflation outlook, says a DBS report.

India's GDP growth likely picked up in July-Sept but demonetisation to dent future growth: Reuters poll

India's GDP growth likely picked up in July-Sept but demonetisation to dent future growth: Reuters poll

Tue, Nov 29, 2016

India's economy probably picked up steam in the July-September quarter on strong demand, but Prime Minister Narendra Modi`s surprise currency crackdown this month will likely dent growth in coming months, a Reuters poll found.

Indian economy grew 7.1% in April to Sept period of FY17: Sitharaman

Indian economy grew 7.1% in April to Sept period of FY17: Sitharaman

Mon, Nov 28, 2016

India's economy grew at 7.1% in the first six months of the current financial year 2016-17 (FY17) despite subdued growth in the world economy, Union Minister Nirmala Sitharaman said on Monday.

Rupee to breach 70-mark by December this year: Report

Rupee to breach 70-mark by December this year: Report

Sun, Nov 27, 2016

The rupee is expected to further slide in the coming days and India's current account deficit is likely to rise to only 1.1% of GDP in FY2017-18, according to a Deutsche Bank research report.

GDP numbers don't matter, demonetisation to reap more positives, says economist Laveesh Bhandari

GDP numbers don't matter, demonetisation to reap more positives, says economist Laveesh Bhandari

Fri, Nov 25, 2016

The big debate on whether the government’s bold move of demonetisation has affected India’s GDP in a drastic way was taken up in the conference on consumer sentiments and unemployment rate at Bombay Stock Exchange on Thursday.

Notes ban to significantly disrupt economic activity: Moody's

Notes ban to significantly disrupt economic activity: Moody's

Thu, Nov 24, 2016

Demonetisation will "significantly disrupt economic activity" and lead to weaker growth in near-term, though in the long run it can boost tax revenues and translate into faster fiscal consolidation, Moody's Investors Service said on Thursday.

Mining sector can add $70 billion to India's GDP in next 15 years

Mining sector can add $70 billion to India's GDP in next 15 years

Sun, Nov 20, 2016

The tenure of the mineral concessions has also been increased from the existing 30 years to 50 years.

India's FY18 GDP growth cut to 5.8% on demonetisation impact: Report

India's FY18 GDP growth cut to 5.8% on demonetisation impact: Report

Fri, Nov 18, 2016

The GDP growth is expected to contract in the third quarted of this fiscal.

Japan economy grows better-than-expected 0.5% in Q3

Japan economy grows better-than-expected 0.5% in Q3

Mon, Nov 14, 2016

"3rd quarter GDP was a positive surprise, it should be a relief for Japanese policymakers," said Kohei Iwahara, an economist at Natixis Japan Securities.

Chinese spend billions on Singles' Day

Chinese spend billions on Singles' Day

Fri, Nov 11, 2016

Chinese shoppers spent more than $1 billion in the first five minutes of Singles Day on Friday, e-commerce giant Alibaba said in the world`s biggest online shopping promotion. Singles' Day -- named for the repeated digit 1 in the date November 11 -- was created by Alibaba in 2009.

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