Economics
Posted on September 2, 2008. Filed under: Business, Economics | Tags: Business, Citi, Citigroup, Commerce, debt waiver scheme, Economics, election, fiscal, fiscal stimulus, fiscal tightening, GDP, GDP growth, GDP growth rate, Goldman Sachs, Growth rate, increasing interest rate, India, Indian Eco Flash, Indian Economics, interest rates, Investment, investment banking, Lok sabha, monetary policy, monetary tightening, News, rural employment scheme, wage hikes |
Citigroup has forecasted that investment trend and growth rate in India may weaken as the impact of monetary tightening sets in, with the current fiscal GDP projected at 7.5%. The investment banking giant Goldman Sachs is more optimistic about the situation. They have projected a GDP growth rate of 7.8% for the current fiscal year.
Citigroup [...]
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Posted on August 28, 2008. Filed under: Economics | Tags: Arvind Virmani, Business, double digit inflation, economic intelligence unit, Economics, Economist, Economy, Finance, Finance Ministry, Finance ministry’s chief economic advisor, Finance ministry’s chief economic advisor Arvind Virmani, fiscal tigentening, GDP, GDP forecast, GDP growth, GDP in Current fiscal, India, Indian economic growth, Indian Economy, Indian GDP, Indian GDP forecast, Inflation, moderating growth, monetary policy, Moody’s economist, Moody’s economist Sherman Chan, PM’s Economic Advisory Council, RBI, Reserve Bank of India, Sherman Chan |
The rating agency, Moody has projected that India’s economic growth would decelerate to 7.9 % in the current fiscal from 9 % in 2007-08, on the backdrop of rising interest rates and slow credit growth. Led by the easing domestic demand, the private consumption growth is also likely to decline to 5 %. Moody’s economist [...]
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Posted on August 27, 2008. Filed under: Economics | Tags: $1.25 per day, $2 per day, Economic reform, Economics, Economy, India, Indian Poverty, New poverty line, News, Poor, Povertry Line, Sub Saharan Africa, World Bank, World Bank estimates on poverty, World poverty |
According to World Bank’s latest estimates on global poverty India is home to roughly one-third of total poor in the world. It also has the highest percentage of people living on less than $2 per day which is far lower than people living in Sub-Saharan Africa. Sub-Saharan Africa considered the world’s poorest region has 72.2% [...]
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