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New Delhi: India’s gross domestic product could soon become larger than Japan’s, making it the world’s fourth-largest economy, according to a Japanese media report on Thursday. The article, published in Japan Times, is based on discussions with some economists from Japan including Marcel Thieliant, head of Asia-Pacific for Capital Economics. “Based on our existing forecasts,…
Bengaluru: Tech majors Infosys and Microsoft on Wednesday announced to expand their collaboration to help accelerate customer adoption of generative AI and Microsoft Azure globally. The move is aimed at helping Infosys’ and Microsoft’s joint customers realise the value of their technology investments and secure transformative outcomes. Infosys became an early adopter of GitHub Copilot….
Washington: A year of conflict between Israel and Hamas has resulted in a “devastating impact on the economy” in the occupied West Bank and Gaza, the IMF said Thursday, including a nearly 90 percent drop in Gaza’s GDP. “Preliminary official estimates indicate an 86 percent decline in GDP in the first half of 2024” in…
New Delhi: Maharashtra, West Bengal and Tamil Nadu — home to India’s three largest industrial clusters in the 1960s — have seen their fortunes subsequently diverge when it comes to their share of the national economy since 1960-61, with Mamata Banerjee-led state facing the steepest decline — especially after she became the Chief Minister in…
New Delhi: The World Bank on Tuesday raised the growth forecast for the Indian economy to 7 per cent from an earlier projection of 6.6 per cent in the current fiscal, helped by recovery in the agri sector and pick-up in rural demand. This is in line with projections by the International Monetary Fund (IMF)…
Bhubaneswar: After the release of the first quarter GDP numbers, RBI Governor Shaktikanta Das on Saturday stated that India’s growth story is intact. The governor was speaking at the National CA Conference in Bhubaneswar, Odisha. He also highlighted that the fall in the GDP numbers is only because of a reduction in the government spending…
India’s GDP growth rate moderates to the lowest in 5 quarters. Sakshi Bajaj speaks to economists to decode the data. Source link [ad_3]
India’s gross domestic product slowed to a 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, shows government data. Growth in Asia’s third-largest economy had been well above 7 per cent during previous quarters. The previous…
New Delhi: India’s economic growth slowed to a 15-month low of 6.7 per cent in April-June 2024-25, mainly due to poor performance of the agriculture and services sectors, government data showed on Friday. The gross domestic product (GDP) expanded by 8.2 per cent in the April-June quarter of 2023-24. India, however, remained the fastest-growing major…
New Delhi: A fake SMS warning customers that their India Post Payments Bank account will be blocked within 24 hours unless they update their PAN card is making the rounds on social media. The Press Information Bureau (PIB) Fact Check unit has confirmed that this message is not genuine and is falsely claiming to be…