According to the Economic Survey, the Indian economy is projected to grow by 6.5% in real terms in FY24 or 2023-2024 due to increased domestic demand and an increase in capital investment. The nominal GDP growth rate is anticipated to be around 11%, implying a 4.5% average annual rate of inflation for the upcoming fiscal […]
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At the end of 2021, the US economy performed better than expected, despite the fact that higher borrowing costs and rising living costs slowed growth. According to official statistics, the economy expanded at a rate of 2.9% annually over the last three months of 2022. That was a decrease from the previous quarter’s 3.2% due […]
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On November 23, 2022, the Census Bureau reported that retail sales were flat in July 2022. The report shows that inflation is affecting US spending. Consumer spending drives over two-thirds of the US GDP, and offers some important insight into the state of the economy and the likelihood of a recession. There are several less-intuitive […]
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The OECD predicts that the world economy would grow 3.1 percent this year. Mathias Cormann, secretary-general of OECD, said that it is true that they are not predicting a global recession. But this is a very challenging outlook, and he do not think that anyone will be in great comfort from the projection of 2.2 […]
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India is set to become the third-largest economy and stock market in the world by the end of this decade, with the GDP likely to cross 7.5 trillion dollars by 2031, which is more than double the current level, according to US banking group Morgan Stanley. According to Morgan Stanley, India is gaining more power […]
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According to several economists, the United States is facing fears as the Federal Reserve remains bullish in tackling high inflation, and US officials increasingly talk about the need to impose new strategies and plans to get price pressures under control. Edward Moya, a senior market at foreign exchange firm OANDA, said there is still a […]
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The data, which generated a mixed report card of the US economy, has been showing resilience both in the face of high inflation and signs of trouble. Consumers are continuing to spend, and applications for the unemployment benefits still remain low. The housing market in the United States is deteriorating fast, while the manufacturing industry […]
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