India’s CAD declines to 1.2 pc of GDP in Oct-Dec quarter reflecting stronger economy
The decline in CAD reflects a strengthening of the macroeconomic fundamentals of the Indian economy.
The decline in CAD reflects a strengthening of the macroeconomic fundamentals of the Indian economy.
Within global economies, America’s resilience shines brightly, defying the dire predictions of naysayers and sceptics. Against a backdrop of uncertainty and volatility, the US economy has emerged as a bastion of strength and vitality, demonstrating a remarkable ability to weather storms and navigate through turbulent waters.
Money makes the world go round, so sang Sally Bowles in the famous movie Cabaret. Money today keeps the global economy ticking, and if the central banks stop printing money, we would already be in a 1930s Depression.
In the narrative of a nation’s economic performance, GDP growth often takes centre stage, like the star student’s report card that parents eagerly await.
A decade after steadily decline in investment to GDP, capex has emerged as a key growth driver in India, global brokerage, Morgan Stanley said.
Venezuelan Vice President Delcy Rodriguez has said the US sanctions against the country have caused losses of nearly $700 billion in GDP.
Giving a positive signal towards India’s growth story, the Crisil Ratings on Wednesday projected India's GDP growth at 6.8% in the next fiscal.
With global headwinds fading, the Indian economy should be able to comfortably register 6-7 per cent real GDP growth, it added.
The massive 350-point rally in the Nifty on Friday was primarily driven by the far better-than-expected Q3 GDP numbers which came at 8.4 per cent year on year, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
India stands at a crossroad, where economic prosperity clashes with political identity.