Global Growth

Recovery Underway After Worst Global Recession since World War II: IMF Chief

World News | Press Trust of India | Thursday April 8, 2021

A day after the International Monetary Fund forecast a global growth of six per cent for this year, IMF Managing Director Kristalina Georgieva has said that after the worst global recession since the Second World War, the recovery is underway.

Faster Global Growth Driven Primarily By US, China, India: World Bank Chief

India News | Press Trust of India | Thursday April 8, 2021

There is now a faster global growth driven primarily by the US, China and India, World Bank president David Malpass has said even as he expressed concern over growing inequality due to the COVID-19 pandemic.

India Surging Ahead As Economic, Democratic Power: Mukesh Ambani

India News | ANI | Thursday March 25, 2021

Noting that India is surging ahead as an economic, cultural and technology power, Reliance Industries Limited Chairman Mukesh Ambani on Thursday said that the key driving force of the country's rise will be its entrepreneurs and it is going to be the epicentre of global growth and transformation.

"Lost Generation" If Low-Income Countries Don't Get More Help: IMF Chief

World News | Reuters | Saturday February 6, 2021

The head of the IMF on Friday urged advanced economies to provide more resources to low-income countries, warning of an emerging "Great Divergence" in global growth that could risk the stability and trigger social unrest for years to come.

"Table Must Be Bigger" For Discussions On Global Growth: PM Modi

India News | Press Trust of India | Monday December 21, 2020

Asserting that growth patterns must follow a human-centric approach, Prime Minister Narendra Modi on Monday said discussions on global growth cannot happen only among a few as the "table must be bigger" and the agenda broader.

Must Keep Humanism At Core Of Our Policies: PM Modi At India-Japan Samwad

India News | ANI | Monday December 21, 2020

Prime Minister Narendra Modi today called for keeping humanism at the core of policies adding that the discussions pertaining to global growth cannot happen only between a few, calling for a bigger table and broader agendas.

"India Is The Place To Be", PM Modi Tells Global Investors

India News | Press Trust of India | Friday November 6, 2020

Prime Minister Narendra Modi on Thursday wooed global investors by showcasing the recent agriculture and labour reforms and faster-than-anticipated reflating of the economy and asserted that the government will do whatever it takes to make India the engine of global growth resurgence.

Reliance Retail to Receive Rs. 3,675 Crores Investment From General Atlantic

Reuters | Wednesday September 30, 2020

Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) on Wednesday announced that General Atlantic, a global growth equity investor, will invest Rs. 3,675 crores into RRVL, a subsidiary of Reliance Industries.

India To Grow At 1.9% This Year, Global Growth To Shrink By 3%, Forecasts IMF

Business | Edited by Abhik Deb (with inputs from agencies) | Tuesday April 14, 2020

The forecast also mentioned that Asian powerhouses India and China are likely to narrowly avoid recession this year

Global Stock, Oil Markets Bounce Back After Coronavirus Triggered Monday Mayhem

Business | NDTV | Tuesday March 10, 2020

Oil and equity markets staged solid rebounds on Tuesday after the previous day's pummelling, with signs of co-ordinated action by the world's biggest economies to cushion the economic impact of coronavirus helping pull investors out of panic mode. Most benchmark government bond yields also rose from record lows hit the previous day, as hopes for st...

Mahindra Launches Locally Assembled Pick-ups In Kenya

Written by Seshan Vijayraghvan | Tuesday March 10, 2020

Mahindra and Mahindra has announced launching its locally assembled pick-up trucks in Kenya. Introduced in collaboration with the Simba Corporation, the company has stated that Kenya is an important market for its larger global growth strategy.

Global Growth To "Dip Below" Last Year's Rate Due To Coronavirus: IMF Chief

Business | Agence France-Presse | Thursday March 5, 2020

The new coronavirus epidemic poses a "serious threat" to people and the world economy, and will slow growth below the 2.9 per cent posted last year, IMF chief Kristalina Georgieva said on Wednesday.

Raghuram Rajan's Advice As Global Growth Slows Over Spread Of Coronavirus

India News | Enda Curran, Bloomberg | Friday February 28, 2020

The best economic tonic for the coronavirus shock is to contain its spread and worry about stimulus later, said Raghuram Rajan, former head of the Reserve Bank of India.

Coronavirus Dented Optimism Over Easing Trade War: Moody's

Business | Indo-Asian News Service | Monday February 17, 2020

Moody's said that two positive developments had raised the prospects of an incipient stabilisation of global growth this year: a truce in the US-China trade war with the signing of the "phase-one" trade deal in January, and nascent signs of a pickup in the industrial sector, which had been hurt by slower growth in China and trade tensions.

Coronavirus Could Damage Global Growth In 2020, Says IMF

World News | Agence France-Presse | Sunday February 16, 2020

The coronavirus epidemic could damage global economic growth this year, the IMF head said Sunday, but a sharp and rapid economic rebound could follow.