New Delhi: India’s GDP will expand 6.5-7 percent annually in the next three fiscal years (2025-2027), and the country’s good economic growth prospects will continue to support banks’ asset quality, according to a new report. India’s infrastructure spending and private consumption will support robust economic growth, said S&P Global Ratings in its latest global bank … Read more
New Delhi: India’s growth story remains intact as its fundamental drivers – consumption and investment demand – are gaining momentum, the RBI Governor Shaktikanta Das has stressed, adding that the country is likely to see real GDP growth at 7.2 per cent for FY 2024-25. Prospects of private consumption, the mainstay of aggregate demand, look … Read more
China’s top economic planner has reassured private entrepreneurs it will “spare no effort” to help companies “conquer difficulties”, in Beijing’s latest move to revive the economy. Zheng Shanjie, head of the National Development and Reform Commission (NDRC), hosted a meeting on Friday with representatives from several private companies to learn about business conditions, problems they … Read more
Saudi Arabia (Photo: X) Saudi Arabia announced on Sunday a 0.3-per cent year-on-year decrease in real gross domestic product (GDP) for the second quarter of 2024, mainly due to an 8.9-per cent year-on-year drop in oil activities during the period. The findings were part of a report released by the country’s General Authority for Statistics, … Read more
New Delhi: Developers are driving GDP growth and in the era of artificial intelligence (AI), India is set to surpass the US to become the largest software developer community globally by 2027, according to Thomas Dohmke, CEO of Microsoft-owned software development collaboration platform GitHub. India is creating the digital public infrastructure (DPI) of the future … Read more
The 20-country single currency zone’s recorded economic growth of 0.2 percent between April and June from the previous quarter AFP The eurozone economy’s growth in the second quarter this year was slightly smaller than previously estimated after the EU’s statistics agency on Friday revised its data. The 20-country single currency zone’s recorded economic growth of … Read more
(Representational image) New Delhi: India’s gross domestic product slowed to a five-quarter low of 6.7 per cent in April-June this fiscal against 8.2 per cent in the year-ago period, mainly due to poor showing by the farm sector, according to government data. India remains the fastest-growing major economy, as China’s GDP growth in the April-June … Read more
Canada and other countries that are laggards when it comes to military spending should hit the NATO-imposed target of spending two per cent of GDP “as rapidly as humanly possible,” U.S. President Joe Biden’s national security adviser told reporters on the sidelines of the Liberal cabinet retreat in Halifax on Sunday. Asked by CBC News if he’s … Read more
It is important to pay attention to the quality of economic growth and to consider the factors that underpin future economic potential, says the Lee Kuan Yew School of Public Policy’s Terence Ho. Read original article here Denial of responsibility! Pioneer Newz is an automatic aggregator of the all world’s media. In each content, the … Read more
Jerusalem: Growth figures issued on Sunday by Israel’s Central Bureau of Statistics indicated a deep fall in the state’s economy following a sharp rise in the first quarter. Israel’s GDP rose in the second quarter by 1.2 per cent compared to the GDP in the first quarter, which had risen by 17.3 per cent, Xinhua … Read more
