NEW DELHI, Oct. 16 (Xinhua) -- The International Monetary Fund (IMF) has in its latest "World Economic Outlook (WEO) slashed India's GDP growth rate for the current year to 6.1 percent from 7.3 percent it had projected in April. The international body in its report on Tuesday also stat...
India's consumer market is set to become theworld's third largest by 2027as the number of middle to high-income households rise, according to a report by BMI, a Fitch Solutions research unit. "India is on the map. There is a lot of pent-up demand and sentiment is very positive. T...
The International Monetary Fund (IMF) raised its forecasts for China's economic growth to 5 percent this year and 4.5 percent next year, according to its July 2024 World Economic Outlook (WEO) Update released on Tuesday. The...
Among the key high-emitting sectors in India, the electricity sector takes the lead, according to the report, constituting almost 40% of total emissions because of the heavy dependence on coal for electricity generation. Coal contributes over 70% to the electricity output....
However, the report also warned that many Asian economies, including China, began to emerge.Overheated economy For example, credit in the mainland of China is still growing at a high speed, and credit in the economies of China's Hongkong Special Administrative Region, India and Indonesia has al...
The IMF report also highlights a moderate growth outlook for advanced economies, with Europe facing particular challenges, whereas emerging markets demonstrate relative resilience. China and India, as key players in the Asia-Pacific region, are expected to grow by 4.8% and 7.0%, respectively, in ...
Letters spell out IMF during a news conference about the International Monetary Fund's (IMF) World Economic Outlook report, during the IMF Spring Meetings, Tuesday, April 16, 2024, in Washington. (AP Photo/Jacquelyn Martin) WASHINGTON (AP) — The International Moneta...
The IMF in its latest ‘World Economic Outlook’ report issued a gloomy forecast for global growth, downgrading its forecast for 2023, which is likely to be much lower than expected, due to several main factors. While the IMF has projected India’s growth rate of 6.8 percent in 2022 as co...
The IMF report also highlights a moderate growth outlook for advanced economies, with Europe facing particular challenges, whereas emerging markets demonstrate relative resilience. China and India, as key players in the Asia-Pacific region, are expected to grow by 4.8% and 7.0%, respectively, in ...