GDP
- India
Moody’s slashes India’s economic growth forecast to 7.7% for 2022
New Delhi: Moody’s Investors Service on Thursday slashed India’s economic growth projection for 2022 to 7.7 per cent, citing dampening of economic momentum in coming quarters on rising interest rates, uneven monsoon,…
- Business
India’s Q1 GDP logs 13.5% growth, experts say lower than expected (Lead)
New Delhi/Chennai: India’s economic growth rose to 13.5 per cent in the first quarter of the current fiscal (2022-23), a huge jump from 4.1 per cent growth recorded in the final quarter…
- India
GDP grows at 13.5 pc in April-June quarter
New Delhi: India’s economy grew by 13.5 per cent in the first quarter of the current fiscal, mainly due to the base effect, official data showed on Wednesday. The gross domestic product…
- Middle East
Saudi Arabia’s GDP grows 11.8% in Q2 of 2022
Riyadh: The real Gross Domestic Product (GDP) of Saudi Arabia increased by 11.8 per cent during the second quarter of 2022, compared to the second quarter of 2021. On Sunday, the Saudi…
- World
US GDP falls for second-straight quarter, signs of a possible recession
Washington: US Gross Domestic Product contracted by 0.9 per cent in the second quarter of this year after a first-quarter drop of 1.6 per cent, the US Commerce Department said Thursday in…
- Middle East
Will Dubai be amongst the 10 leading Metaverse economies globally?
New Delhi: The Dubai Metaverse Strategy was launched with the goal of making Dubai one of the top ten metaverse economies and a global hub for the metaverse community. His Majesty Sheikh…
- Business
ADB cuts India GDP forecast for FY23 to 7.2 pc on Covid
New Delhi: Asian Development Bank (ADB) on Thursday trimmed India’s economic growth forecast for current fiscal year to 7.2 percent from 7.5 percent as pandemic and war impact is weighing down alongside…
- Stock Market
Small-cap indices witness sharp correction from the highs of Oct’21
New Delhi: Small-cap indices have corrected sharply from the highs of October 2021. While the Nifty-50 declined 15 percent from its October 2021 peak against a 20 percent decline in midcaps and…
- India
Centre’s fiscal deficit at 12.3 pc of full year target in May: Official data
New Delhi: The central government’s fiscal deficit at the end of May stood at 12.3 per cent of the annual budget target for 2022-23, mainly due to higher expenditure, according to official…
- India
Bad global affairs can lead to $100 bn in capital outflows from India: RBI report
Over the last eight months, Indian financial markets, particularly equities, have seen significant foreign investment outflows due to higher US interest rates and a surge in global commodity prices caused by the…
- Business
World Bank cuts India’s economic growth forecast to 7.5 pc for FY23
Washington: The World Bank on Tuesday cut India’s economic growth forecast for the current fiscal to 7.5 per cent as rising inflation, supply chain disruptions and geopolitical tensions taper recovery. This is…
- Middle East
Saudi Arabia’s GDP trumps estimate, grows by 9.9 in first quarter
Riyadh: Saudi Arabia’s Gross Domestic Product (GDP) grew by 9.9 percent in the first quarter of 2022, surpassing May’s estimate of 9.6 percent. Crude petroleum and natural gas activities were the contributor…
- India
Fiscal deficit 2021-22 at 6.7% of GDP, lower than estimate: CGA
New Delhi: Fiscal deficit for 2021-22 worked out to be 6.71 per cent of the gross domestic product (GDP), lower than 6.9 per cent projected by the Finance Ministry in the revised…
- Pakistan
Pakistan registers nearly 6% growth in 2021-22, economy rises to USD 383 billion: report
Islamabad: Fuelled by imports and consumption, Pakistan’s growth rate accelerated to nearly 6 per cent during the last year of Imran Khan’s government, the highest pace in four years, helping to increase…
- World
United Kingdom economy to shrink in 2023, warns Bank of England
London: The Bank of England’s latest forecasts show that there is a serious risk of the UK falling into recession, as it hikes interest rates in an attempt to tackle inflation, The…
