The United Nations on Wednesday said India is expected to grow 6.4% in 2022, well below the 8.8% growth in 2021, as higher inflationary pressures and uneven recovery of the labour market are likely to curb private consumption and investment. It said the global economy is now projected to grow 3.1% in 2022, down from … Read more
HONG KONG: The dollar index rose past 101 for the first time since March 2020 on Tuesday, as the greenback set its latest 20-year high on the yen and tested a two-year peak on the euro, supported by high U.S. Treasury yields and expectations of good economic data. The dollar index, which measures the greenback … Read more
Overall economic activity has recovered to pre-pandemic levels & economy is well-poised for FY23, the survey says. Demand weakness, full recovery in exports, government consumption and gross fixed capital formation. Private consumption still struggling because of the impact of the pandemic Among sectors, services trade, hotels, transport, and communication are still below pre-pandemic levels. Agencies … Read more