iNDICA NEWS BUREAU- Crypto roadmap monitoring, implementation of regulatory aspects, information sharing, and how it will be taken beyond will be in the G20 agenda, to be held in Brazil in 2024, Finance Minister Nirmala Sitharaman said on Friday, Oct 14. Talking to reporters in Morocco’s Marrakesh on the sidelines of the G20 Finance Ministers […]
Pakistan remains trapped in grave existential incertitude with its economy tottering and polity being pulled apart by competing stakeholders such as all power military, fractious political parties, and an increasingly partisan judiciary.
Partha Chakraborty writes: The Fitch ratings? We did see this coming, I will argue. In these pages we lampooned supply chain debacles that started inflationary pressures, railed against rising deficit and government profligacy predicting they could force a fall from grace for the US dollar, advocated in favor of using debt-ceiling drama as a lever to bring wayward spending down; last week we discussed how the high-minded — and well intentioned — efforts at crafting a US “industrial policy” might not mean that much. Every single driver Fitch mentioned was flagged as a concern, if not a three-alarm-bell issue.
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 UN said on Tuesday that “with many positives”, India’s economic growth this year is expected to hold at 5.8%, affirming a series of international organisations’ projections that the country will be the fastest-growing major economy. The Midyear Update to the UN’s World Economic Situation and Prospects report projected next year’s gross domestic Product (GDP) to hold at 6.7%”supported by resilient domestic demand”.
India’s Finance Minister Nirmala Sitharaman reached Washington on Sunday to attend the 2023 Spring Meetings of the World Bank Group and International Monetary Fund and other G20 meetings.
Union Finance Minister Nirmala Sitharaman will attend a string of meetings in Washington DC with G20 Finance Ministers, Central Bank Governors, IMF, World Bank, investors and bilateral meetings with many countries.
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.