The US economy contracted for the second consecutive quarter amid aggressive monetary policy tightening by the nation’s central bank, which has been trying hard to bring down the decades-high inflation. As the GDP figures became public, the experts stated that the US is already in a recession, while critiquing the central bank (Fed) for being … Read more
India, which is projected to grow at an impressive rate of 12.5 per cent this year, needs to grow at a much faster pace to make up for the unprecedented contraction of eight per cent that it clocked during the COVID-19 pandemic in 2020, according to a senior IMF official. The International Monetary Fund Deputy … Read more
NEW DELHI: Prime Minister Narendra Modi will on Friday brainstorm with top economists the measures that may be included in the upcoming budget to pull the economy out of contraction. “Meeting is to seek views of economists on steps needed in the budget,” said a person privy to the development. Modi has already held preliminary … Read more
Mumbai: Infrastructure- and industrial-related stocks are expected to gain as India steps up spending, while pent-up demand could also boost the real estate sector, said Ridham Desai, MD, Morgan Stanley India. Staples-related consumption looks fully priced, while discretionary and travel related stocks could also be in the list of potential purchases, Desai said in a … Read more