The Indian economy is among the few in the region where investment rates rose between 2015 and 2023, a report showed on Monday.
The broad narrative around the pick-up in the investment upcycle is that it is driven mostly by the public sector, led by the Central government, according to a research note by DBS Bank.
The outlook for the Indian economy remains bright with the GDP growth likely to be at 7 percent in 2024-25, the Reserve Bank of India (RBI) said in its annual report released on Thursday, May 30.
The Global Organization of People of Indian Origin (GOPIO) celebrated its 35th Anniversary on April 26-28, 2024 at its Convention 2024 at Royal Albert Palace, New Jersey.
The convention focused on India’s Present and the Future and what role the Diaspora Indians can play in helping to realize this desirable future with a theme, ‘Opportunities for Diaspora Indians in India’s Big Manifest Future.’ The convention ended with General Body passing four resolutions including one demanding full dual nationality for Overseas Indian Citizens (OCI) card holders.
Comparing the performance of the 10-year tenure of the Narendra Modi government with that of the erstwhile UPA regime, the White Paper on Indian Economy tabled in the Lok Sabha by Finance Minister Nirmala Sitharaman highlights the fact that in 2014, India was among the ‘fragile five’ economies, but now figures among the ‘top five’ economies, making the third highest contribution to global growth every year.
With a projected growth rate of 6.2 per cent for 2024, the “Indian economy outperformed its peers” in a global economy expected to expand by only 2.4 per cent, according to a UN official monitoring world economy. India as the top performer among the major economies in the last few years has “seen that (its) backbone has consistently remained over 6 per cent and we believe this will continue in 2024 and 2025”, Hamid Rashid, the chief of the Global Economic Monitoring Branch, said on Thursday at the release of the World Economic Situation and Prospects Report (WESP).
With industrial production and trade weakening, the global recovery is slowing after a robust first quarter performance, but the Indian economy is gathering momentum in the second quarter of 2023-24, the Reserve Bank of India (RBI) has said in its monthly bulletin for August 2023 released Thursday.
The International Monetary Fund (IMF) has predicted that India’s economy will grow at 6.1 per cent in 2023, a 0.2 percentage point upward revision compared with the April projection, reflecting momentum from stronger-than-expected growth in the fourth quarter of 2022 as a result of stronger domestic investment.
The Indian economy has retained the crown of “a bright spot” in the International Monetary Fund’s (IMF) latest World Economic Outlook report released on Monday and it is slated to account for half of the global growth in 2023, compared to just a tenth coming from the combined might of the US, the world’s largest economy, and Europe, which comprises some of the largest economies.
The Indian economy is more resilient in comparison to other emerging market economies (EMEs), the World Bank said. India is less affected by growth slowdowns in the US, China and the euro area, according to a report from World Bank released on Tuesday.
India’s economy is projected to grow at the historically high level of 12.5 percent this fiscal year, but the International Monetary Fund’s (IMF) Chief Economist Gita Gopinath cautioned that the current wave of the pandemic “is quite concerning.”
iNDICA NEWS BUREAU India’s National Association of Software and Services Companies (Nasscom) along with the think tank ICRIER and Google launched their research findings from the study titled “Implications of AI on the Indian Economy.” The transformational potential of AI stems from its application to a diverse range of applications across sectors and its ability […]
indica News Bureau- Indian Economy, which was considered the world’s fourth fastest-growing economy, is now facing a deep slowdown. It seems the economy has lost its sheen in the year 2019 says writer Daniel Moss in a piece on slowing down the economy in Bloomberg’s opinion. The article says that it is rare to […]
Partha Chakraborty- The Great Indian success story has gathered a few rust spots lately. As a Financial Economist I have seen kinks in a good story in places near and far; I am not worried about a cyclical slowdown. More injurious were decades when economic growth routinely fell behind what needed to keep the […]
Frank Islam- Before returning to New Delhi recently after attending the annual IMF-World fall meeting, Finance Minister Nirmala Sitharaman provided an upbeat perspective on the Indian economy. She asserted that its fundamentals are strong and attributed the majority of the problems ailing the Indian economy to a global slowdown. In the same time period, […]
Arul Louis- The newly-minted economics Nobel laureate Abhijit Banerjee has warned that the Indian economy is going into “a tailspin” and his prescription is for the government to focus to increasing demand rather than on deficits or stability. When “the economy going into a tailspin is the time when you don’t worry so much […]
Justice Markandey Katju- The recent research paper published by the former Chief Economic Adviser to the Government of India, Arvind Subramaniam, now at Harvard University, has created quite a stir in Indian Government circles. In his paper Dr. Subramaniam has said that the Indian economy did not grow at 7% between 2011-12 and 2016-17 […]
Arul Louis- As Finance Minister Nirmala Sitharaman prepares her budget, the World Bank reports Indias economy grew by 7.2 per cent in 2018-19 in contrast to the recent Indian Central Statistical Office (CSO) estimate of only 6.8 per cent growth during the period. The Bank’s Economic Prospects Report released on Tuesday forecast India’s economy to […]
IANS- Digital infrastructure would play a major role in reviving the Indian economy, Infosys Co-founder and Chairman Nandan Nilekani said on Monday. “India’s digital data architecture will set the tone for business revival. The country has witnessed a dramatic transformation through the Aadhaar-based, e-KYC (know your customer) and online payments,” he said at apex business […]
At a time when immigration has emerged as an emotive and powerful issue in the upcoming US presidential elections, a research titled Indiaspora Impact Report: Small Community, Big Contributions, Boundless Horizons highlights the contributions of Indian Americans to the US economy and culture. The study shows that Indian Americans have broken through many barriers to become one of the most influential immigrant groups in the US today.
The Indian diaspora has emerged as a pivotal force in driving the American economy by climbing to top positions of the US-based transnational giants and are also ‘repaying their debts’ back home, said Indiaspora founder MR Rangaswamy Wednesday, August 14.
In an exclusive interaction with IANS, Rangaswamy shed light on how the Indian diaspora has been emerging as the ‘backbone’ of the American economy in multiple sectors including education, health and more.
indica News Bureau- Making plans to jumpstart the economy that is badly hit because of the coronavirus pandemic New York Governor Andrew Cuomo nominated Pulitzer Prize-winning Indian-American physician Siddhartha Mukherjee and compatriot higher education leader Satish Tripathias members of the commission that will focus upon these plans. Cuomo on Sunday announced that the state’s […]
Many people associate the Ghadar Party with California, but this radical organization was actually formed at the Finnish Socialist Hall in Astoria, Oregon, in May 1913. Astoria is situated on the banks of the Columbia River, just before it merges with the Pacific Ocean. I visited this location twice this summer to learn more about the history of the Ghadar uprising.
With my keen interest in Punjabi migration across the world, I have read many books and articles on the Ghadar (revolution or rebellion) Party struggle. However, this book by Ms. Ogden is arguably the most comprehensive and best work on the genesis of the party. It thoroughly explores how the interplay between the U.S.’s denial of equal rights to migrant workers from British India and the abusive colonial rule by the British shaped the minds of ordinary laborers from Punjab. These laborers were influenced by radical intellectuals to wage a violent struggle to overthrow the British colonial subjugation.
About 45% of Indian companies have already implemented or are piloting generative AI in their HR processes, according to a report released Tuesday, September 3.
The report by the Federation of Indian Chambers of Commerce and Industry (FICCI) and Boston Consulting Group (BCG) showed that with GenAI, about 93% of companies showed improved efficiency and productivity.
Defence Minister of India Rajnath Singh visited the William B. Morgan Large Cavitation Channel (LCC) at the Naval Surface Warfare Centre in the United States, where he was briefed about its operations and usage as India is exploring possibilities of establishing similar facilities in the country. The Centre is one of the world’s largest and most advanced water tunnel facilities.
The All India Bar Association (AIBA) on Wednesday, August 14, called for a thorough investigation into the alleged international conspiracy behind the latest Hindenburg report.
AIBA Chairman and senior advocate Adish C. Aggarwala urged the government to conduct a comprehensive probe into the report’s origins and implications.
