Global economy will slow down next year : OECD
WASHINGTON : The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and continued high interest rates.The Paris-based Organization for Economic Cooperation
Indian Solar Exports Surge by 246% YoY in Q3 2023
NEW DELHI : Solar cell and module exports from India surged 246% to $543.8 million (~₹45.5 billion) in the third quarter (Q3) of 2023 from $157 million (~₹12.5 billion) in Q3 2022, according to
Finance Ministry may assume nominal GDP growth at 11% for FY25
NEW DELHI : The Finance Ministry may peg nominal gross domestic product (GDP) growth at around 11 percent for the next financial year, about 50 basis points higher than the estimate for 2023-24, a
BRICS : UAE to ditch US Dollar in new oil deals
ABU DHABI : The BRICS economic alliance has seemingly prioritized its de-dollarization efforts, leading the United Arab Emirates (UAE) to seemingly prioritize local currency over the US dollar in new oil deals. Indeed, the country is
‘China slows, India grows’: S&P pegs 7% GDP growth for India by 2026
NEW DELHI : India’s GDP growth rate will rise to 7 per cent by 2026 compared to 4.6 per cent for China, S&P Global Ratings said on Tuesday. In a report titled ‘China Slows,
July-September GDP growth seen at 6.8%, higher than RBI’s forecast
NEW DELHI : India’s GDP growth likely declined to 6.8 percent in July-September from 7.8 percent the previous quarter amid robust consumption and capital expenditure continuing to support economic activity, according to a survey
Get set for world’s largest textile event Bharat Tex 2024
NEW DELHI : India is set to host Bharat Tex 2024, the world’s largest textile exposition in New Delhi. The event aims to showcase India’s textile industry and its rich heritage, craftsmanship, and innovations.
Commerce Ministry ropes in E-comm players to propel districts as export hubs
NEW DELHI : In its push for Micro, small and medium enterprises (MSMEs) and as part of efforts to boost e-commerce exports from the country, the Directorate General of Foreign Trade (DGFT) under the commerce and
