Over half of nearly 270 economists who answered an additional question said a further escalation in the U.S.-China trade war will likely trigger an even sharper global economic slowdown this year.
Terming job creation and agriculture as his main focus areas, CM Kamal Nath said he wants to ensure that agriculture is linked to the industrial growth in the state and the new industries that come up create employment in a big way.
The rupee strengthened 14 paise to 71.19 against the dollar at the interbank forex market Thursday on increased selling of the American currency by exporters and banks.
Trump wants to reduce the massive trade deficit with China. Last year, he had imposed massive import duties on Chinese products.
German Chancellor Angela Merkel on Wednesday said countries like India and China have begun affecting the world economy much more today and that needs to be taken into account for having a relook at the global trade and financial systems.
The International Monetary Fund in its January World Economy Outlook update said India would remain the fastest growing major economies of the world. India is projected to grow at 7.5 per cent in 2019 and 7.7 per cent in 2020.
The aggregate budget deficit of Indian states is estimated to increase to 3.2 percent of gross domestic product in the next financial year beginning April, compared with 2.8 percent estimated for the current year, Devendra Pant, chief economist of India Ratings and Research, said.
China’s economic growth cooled slightly in the fourth quarter from a year earlier as expected, weighed down by weak investment and faltering consumer confidence as Washington piled on trade pressure, leaving 2018 growth the weakest in 28 years.
Indians' perception around a host of key issues connected with their lives is totally warped and disconnected from reality, a new study has found. So what Indians get wrong? They get something that should - actually - give them both prestige and status, wrong.
Countries that once would cater to the U.S. in military and political matters in order to secure access to U.S. markets will now be tempted to switch their allegiance to China. This pressure will be especially acute for East Asian countries that are close to Chinese markets.