economy – Bhartiyanews24x7

8Nov

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Video | Indian Economy Rate: भारत की Economy में क्यों आ रही है तेज़ी, जानें क्या है वजह | IMF

IMF Report On Indian Economic Growth: भारत के विकास की रफ़्तार तेज़ होती नज़र आ रही है, हाल ही में IMF की रिपोर्ट में ये बात सामने आयी । IMF ने 2026 में भारत का विकास दर अनुमान 6.5% बनाए रखा जिसमे भारतीय जीडीपी में 15% रियल एस्टेट से आने का अनुमान लगाया जा रहा हैSource link

7Nov

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Opinion

Trump’s win will affect the global economy

Former President Donald Trump dances after speaking at an election night watch party on November 6, 2024 in West Palm Beach, Florida. | Photo Credit: AP The return of Donald Trump as President of the world’s largest economy accounting for more than a quarter of the global GDP could mean a multiplicity of shifts, some of them detrimental, for several key economies, including India. It would mean a return to escalating trade wars; a continuation of economic protectionism; jettisoning multilateralism; and imposing restrictions on immigration into the U.S., which could hinder India’s IT services sector.The U.S. is India’s second largest trading partner, accounting for $118.3 billion. But, much to Mr. Trump’s disma...

14Oct

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Business

China’s Economy Faces Urgent Need For A Lifeline As It Struggles With Stagnation And Rising Challenges | Paisa Live

A concerning update has emerged from China amid global pressures on the share market. The country has announced a special stimulus package of $325 billion, approximately ₹27 lakh crore, aimed at reviving its struggling economy. This move raises concerns that the Indian stock market may experience a decline on Monday, following China's announcement. Previously, China had also rolled out a significant stimulus package, prompting foreign investors to withdraw funds from the Indian stock market in favor of opportunities in China. This shift led to a substantial drop in Indian equity markets. For comprehensive insights into the implications of these developments, viewers are encouraged to watch the full video for further details.Source link

3Oct

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Business

Pakistan Secures Massive $7 Billion Loan From IMF, Aims To Stabilize Economy And Address Growing Financial Challenges | ABP Live

The Pakistani government had approached multiple international financial institutions, including the IMF, World Bank, and Asian Development Bank, seeking assistance. However, none were willing to lend money easily. After agreeing to the strict conditions set by the IMF, Pakistan has taken several significant steps to navigate through its financial crisis. Among these decisions, the government has cut approximately 1.5 lakh jobs as part of its austerity measures. These actions are aimed at fulfilling the IMF's requirements and securing the much-needed $7 billion loan to stabilize the economy. The job cuts, while controversial, are seen as necessary to meet the stringent fiscal reforms demanded by the IMF. Pakistan now faces the challenge of balancing economic recovery with the social impact...

18Aug

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Culture

Economy | In need of a booster dose

In several of his speeches at election rallies prior to the general election, Prime Minister Narendra Modi underlined a key economic prospect—that India would become the third largest economy in the world quite early in his third term. Modi, who had won the election twice before for the Bharatiya Janata Party (BJP) on the promise of a stronger economy and business-friendly policies, felt that glossy figures regarding India’s economy still resonated with the masses. The election, however, proved that Indian voters were concerned about a host of pressing issues, not least of which were the dearth of jobs and high prices. The BJP subsequently won fewer Lok Sabha seats than it expected to, making it dependent on allies to form the government. But that hasn’t stopped Modi from showcasing India’...

18Aug

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Culture

Economy | Karthik Muralidharan: From poverty line to dignity line

The best way for India to become a global power is to sustain annual economic growth rates of above 8 per cent. High growth is also the best way to eliminate poverty, improve citizens’ lives and generate the tax revenues needed to fund an effective social safety system that can support those who fall into poverty and help them bounce back. How can we achieve these high and sustained growth rates?A simple summary of the Indian economy is that the top 10 per cent of the income distribution create firms or secure well-paid jobs. The next 30-40 per cent find employment of varying quality serving the demand created by the top 10 per cent, and the bottom 50-60 per cent (mainly in rural areas) are largely excluded from India’s growth story. They rely on welfare programmes to achieve basic living ...

18Aug

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Culture

Economy | Amit Kapoor: Honing the competitive spirit

India is the fifth largest economy in the world, with a GDP of $3.2 trillion in 2023, and we have been growing at an average rate of 7.6 per cent in the past decade. However, on closer examination, certain key indicators reveal a startling picture. India’s GDP per capita, a true indicator of a nation’s prosperity, is at $2,730 (Rs 2.3 lakh). It is much lower compared to our developing bloc peers, including Brazil ($11,350), China ($13,150), Vietnam ($4,620) and South Africa ($5,970). To look at a broader indicator of India’s holistic well-being, our social progress ranks at 110 out of 169 countries in 2022; approximately five points below the global average score. Moreover, India’s GDP per capita places the country at the 111th rank out of 164 countries assessed on social progress.For Indi...

18Aug

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Culture

Economy | Amitabh Kant: The essential growth sutras

About 10 years ago, India was seen as one of the ‘Fragile Five’ economies, with shaky macroeconomic fundamentals. Confidence in the economy was plummeting, and inflation spiralling. Even though the economy had been liberalised in the ’90s, a web of regulations still existed, making India one of the toughest places to do business in. Over the past decade, we have seen all this change. India is now a ‘bright spot’ in the global economy, recording 8.2 per cent growth in FY24.However, to become an economic superpower, we must sustain this growth rate for the coming decades. Only then will our per capita incomes increase from $2,100 to $18,000+ in three decades’ time, making us a high-income country. If we do not sustain these rates, we risk being stuck in a middle-income trap. Investment rates...

18Aug

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Culture

Industry | The growth factories

The first Economic Survey of Modi 3.0 dropped a bombshell when it made a case for getting Foreign Direct Investment (FDI) from China to help India improve its participation in global supply chains through exports. Even as Union commerce & industry minister Piyush Goyal quickly scotched speculations about easing Chinese capital inflows, the economic survey—tabled a day before the Union budget to provide an overview of the Indian economy’s performance—has set off a debate.China is India’s largest trade partner, with export/ import volumes exceeding $118 billion (Rs 9.9 lakh crore, at the current exchange rate) in 2023-24. But India’s trade deficit with China is also the highest at $85 billion (Rs 7.14 lakh crore), not including Chinese products reaching its shores through free trade agre...