Indian election: Modi win delivered thanks to faith in economic growth pledges

India’s electoral colossus has re-elected Narendra Modi’s BJP party, following the largest democratic exercise in the world. India has united to put Modi back in office. This is the second time since 1971 that a majority incumbent government has returned to power... Read more

India, world’s largest recipient of remittances, received $87 bn in 2021: World Bank

Washington: India, the world’s largest recipient of remittances, received $87 billion in 2021 with the United States being the biggest source, accounting for over 20 per cent of these funds, according to the World Bank. India is followed by China, Mexico,... Read more

Weekly global economic update

US economy decelerates, mainly due to delta and supply chains The headlines last week reported a significant deceleration in US economic growth in the third quarter. Yet it is not likely that this reflects a new trend in demand. Rather,... Read more

Five years since demonetisation: Cash back in favour, beats pre-note ban ratio

The Opposition, however, has termed the note ban a gargantuan policy misadventure that only dented economic growth, rendered millions jobless and subsequently contributed to liquidity crisis among non-banking financial companies (NBFCs) and infrastructure lenders. Five years after the government announced... Read more

How Four Women Made Miami More Equitable for Startups

Despite widespread investment in entrepreneurship in cities across America, venture capital-funded startups still tend to be founded by white men in Silicon Valley. In contrast, businesses led by women are 63 percent less likely to receive funding than businesses led by men. The... Read more

Coronavirus threatens Australian economy reeling from drought and fires

Reserve Bank governor Philip Lowe has told the National Press Club Australia’s tourism and education sectors are likely to suffer billions of dollars worth of damage if travel bans remain in place. Photograph: Joel Carrett/AAP The coronavirus outbreak may further... Read more

Economy grows 2.1% in the fourth quarter as GDP gets boost from falling trade deficit

The U.S. economy tapered off toward the end of 2019, but a record expansion is still alive and well. The numbers: The U.S. economy grew slightly faster than 2% in the final three months of 2019, aided by a temporary plunge... Read more

China’s economic growth could fall below 6% in 2020, says the IMF

China’s economic growth could moderate further in 2020 — even though the global economy is likely to pick up pace, projected the International Monetary Fund. The fund, in its World Economic Outlook report, said the Chinese economy could grow at 5.8%... Read more

Premium Smartphone Sales Beating Indian Economy Slowdown to Continue Growth

While a weakened Indian economy continues to wreak havoc and affect key industries, jobs and the average spending potential, shipment volumes and sales of premium smartphones have maintained consistent growth over the past two quarters, and is expected to continue... Read more

What the govt can do to bring the economy back on the fast track

NEW DELHI : On Friday, the Union finance ministry called a press briefing at New Delhi’s National Media Centre on short notice, where finance minister Nirmala Sitharaman presented the first instalment of the government’s plan of action to revive the economy... Read more