Sunday, December 22

Tag: economic growth

US and China Plan Talks on Economic Growth Including Manufacturing ‘Overcapacity’ Issue, Yellen Says
6Apr By adminNo Comments
Business

US and China Plan Talks on Economic Growth Including Manufacturing ‘Overcapacity’ Issue, Yellen Says

US Treasury chief Janet Yellen.Janet Yellen, who started her five-day visit in one of China's major industrial and export hubs, has focused thus far on what the US considers to be unfair Chinese trade practices in talks with senior Chinese officialsThe US and China agreed to hold talks that will address a key American complaint about China’s economic model, Treasury Secretary Janet Yellen said on the second day of an official visit to China. The two sides will hold more talks and create two new economic groups dedicated to growth in domestic and global economies as well as anti-money laundering, according to a US statement about the creation of the groups.Yellen, who started her five-day visit in one of China’s major industrial and export hubs, has focused thus far on what the US consider...
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China Ends Underwhelming Year With Fresh Signs of Weakness
31Dec By adminNo Comments
World

China Ends Underwhelming Year With Fresh Signs of Weakness

Dec. 30, 2023 10:18 pm ETChina’s economy showed fresh signs of weakness as the year drew to a close, piling pressure on Beijing to take bold new steps to fire up growth in 2024.Surveys suggest factory activity slid deeper into contraction in December due to thin order books at home and abroad, while the services sector struggled as consumers kept a tight leash on spending.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Govt’s prudent fiscal policy to support economic growth: FinMin review
29Dec By adminNo Comments
Business

Govt’s prudent fiscal policy to support economic growth: FinMin review

India’s domestic economic momentum and stability, low to moderate input cost pressures, and anticipated policy continuity are significant buffers against global inflationary pressures and supply-chain disruptions due to geopolitical stress, the Finance Ministry (FinMin) said in its half-yearly economic review 2023-24 released on Friday. The government’s prudent fiscal policy and re-prioritisation of expenditure towards the immediate requirement of safeguarding the vulnerable would support India’s economic growth prospects without compromising productive capital spending, the review said. The FinMin said the Indian economy would comfortably achieve the growth rate upwards of 6.5 per cent in FY24. India’s high-frequency indicators for October and November 2023, the repo...
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Soft Landing Talk Prompts 1990s Flashbacks
28Dec By adminNo Comments
Money

Soft Landing Talk Prompts 1990s Flashbacks

Updated Dec. 28, 2023 4:11 pm ETTalk of a soft landing for the U.S. economy has investors dreaming of a 1990s-style boom soon afterward. A lot would have to go right for that to happen, but it isn’t as outlandish as it sounds.Examples of the economy escaping a tightening cycle from the Federal Reserve without entering a recession are few. Some cite the Fed’s rate cuts in 2019, though it is impossible to know how that would have ended without the pandemic. The most frequently mentioned example is a series of rate hikes in 1994. They wreaked havoc on markets that year, but were soon followed by the dawn of a golden period for both Wall Street and Main Street.  Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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India’s Infrastructure Push Is Key to Taking on China
28Dec By adminNo Comments
Money

India’s Infrastructure Push Is Key to Taking on China

The coming few years will be a litmus test for India’s ambition to become a manufacturing hub rivaling China. A big question mark is how quickly it can build out the infrastructure it needs to really seize the opportunity. There have been signs of progress recently, but New Delhi’s cramped fiscal space means it needs to do more to entice private-sector investors, too.India is experiencing a manufacturing renaissance of sorts led by Apple and its Taiwanese suppliers—after decades of failed efforts. As recently as the fiscal year ended in March 2018, India was a importer of smartphones to the tune of more than $2 billion. Last fiscal year, India was a net exporter of $11 billion worth. About half of that was Apple products, according to investment bank Macquarie.Copyright ©2023 Dow Jones &a...
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Some Good News, for Once, From 2023
21Dec By adminNo Comments
Business

Some Good News, for Once, From 2023

Writing a newspaper column necessarily is a dour exercise most of the time. The point is to highlight things going wrong that ought to be fixed. Occasionally, however, it’s worth noting some things that are going right that one hopes can continue. Here, in the midst of a season that calls for reflection and gratitude, is my list:• The world’s population keeps getting larger. We’re on track to welcome our 8,100,000,000th global neighbor in 2024, after population growth of around 70 million this year.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Indian Railways can help save Rs 1.28 lakh crore annually in diesel costs with its freight & cargo hauling: Ashwini Vaishnaw
17Dec By adminNo Comments
Business

Indian Railways can help save Rs 1.28 lakh crore annually in diesel costs with its freight & cargo hauling: Ashwini Vaishnaw

Railway Minister Ashwini Vaishnaw has said that India can potentially save Rs 1.28 lakh crore annually in diesel costs by 2031 if it successfully transports an additional 1500 million tonnes of cargo through trains. Speaking at the 68th National Railways Awards, Vaishnaw stated that India's economic growth is expected to result in an additional 3000 million tonnes of cargo being moved within the country by 2031.According to the minister, Indian Railways is on track to capture half of this incremental cargo growth, resulting in a reduction of 16,000 crore litres of diesel consumption each year. This would translate to an annual savings of Rs 1.28 lakh crore for India, he was quoted as saying by ET.Despite achieving a record high of 1512 million tonnes of cargo transported during the fiscal...
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Economic Growth: Focus on moving up services value chain rather than manufacturing to propel India into ‘Amrit Kaal’: Former RBI governor Raghuram Rajan
17Dec By adminNo Comments
Business

Economic Growth: Focus on moving up services value chain rather than manufacturing to propel India into ‘Amrit Kaal’: Former RBI governor Raghuram Rajan

HYDERABAD: India's ambition to march into `Amrit Kaal’ by 2047 is an important one but the current pace of growth is not enough to get us there as we will still remain a lower middle-income economy by then, former Reserve Bank of India (RBI) governor Raghuram Rajan said here on Saturday.Speaking at an interactive session organised by Manthan, Rajan mooted a focus on high-value added services instead of manufacturing to productively harness the country’s demographic dividend and propel the country into 'Amrit Kaal' because if India does not grow faster, it would grow older demographically before it gets richer.“If you do the math, at 6% a year, you double every 12 years, and therefore in 24 years, we'll be four times our per capita income (PCI). Today, the PCI in India is just a little bel...
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