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.
Significant internals from the GDP numbers are the 11.6 per cent growth in manufacturing, the 9.5 per cent growth in construction and 10.6 per cent growth in the capital formation.
The bank's economists also revised upward their prediction for 2024-25 by 50 basis points to 7 per cent .
It further expected the private final consumption expenditure to grow by 6.1 per cent in 2024-25, up from 4.4 per cent in 2023-24.
In the wake of the recent announcement that the UK has officially entered a recession, the economic landscape appears increasingly challenging for Prime Minister Rishi Sunak and his Conservative government.
Amid the economic tumult brewing in Japan, the Land of the Rising Sun finds itself grappling with unexpected recessionary winds, ceding its longheld status as the world’s third-largest economy to Germany.