Tag Archives: growth

PM Modi, Economists Brainstorm On Ways To Revive Growth

The interactive session, organised by NITI Aayog, was attended by PM Modi (File Photo) NEW DELHI:  Prime Minister Narendra Modi today brainstormed with economists and experts on the state of the economy as the government looks to revive growth which is set to hit a 4-year low. The meeting with over 40 economists and sectoral experts came weeks before the NDA-government ... Read More »

World Bank Says India Has “Enormous Potential”, Projects 7.3% Growth Rate In 2018

India needs to take steps to boost investment prospects, according to World Bank. WASHINGTON:  HIGHLIGHTS India’s growth numbers of past three years “very healthy” According to World Bank, the country has favourable demographic profile But reducing youth unemployment, pushing for private investment critical With an “ambitious government undertaking comprehensive reforms”, India has “enormous growth potential” compared to other emerging economies, ... Read More »

World Bank Says India Has “Enormous Potential”, Projects 7.3% Growth Rate In 2018

India needs to take steps to boost investment prospects, according to World Bank. WASHINGTON: HIGHLIGHTS India’s growth numbers of past three years “very healthy” According to World Bank, the country has favourable demographic profile But reducing youth unemployment, pushing for private investment critical With an “ambitious government undertaking comprehensive reforms”, India has “enormous growth potential” compared to other emerging economies, ... Read More »

What’s Behind the Growth of the Gig Economy?

The use of work arrangements other than direct employment has grown substantially in the past decade, but few observers really understand the causes of that growth. The popular perception is that it has been driven by millennials’ use of online intermediaries like Uber and TaskRabbit. But rigorous scholarly research reveals that the gig economy’s growth stems largely from employers’ interest in contract ... Read More »

5.7% GDP growth in Q1 matter of concern, says Arun Jaitley

Finance minster Arun Jaitley on Thursday attributed the lower GDP numbers to pre-GST destocking of goods and expressed hope that the economy will grow at 7 per cent, saying manufacturing has bottomed out. He further said that improvement in the global economy and good monsoon will aid GDP growth in the coming quarters which ought to be better if the country is ... Read More »

India’s June Quarter GDP Growth Seen At 6%: HSBC

New Delhi: India’s economic growth is likely to remain “soft” and the GDP is expected to grow by 6 per cent in April-June, down from 6.1 per cent in the preceding quarter, according to a report by global financial services major HSBC. Higher private consumption and government spending is likely to be “dulled” by weak investment and exports growth over ... Read More »

GDP Growth Seen Picking Up To 6.6% In Q1 But GST A Hurdle: Poll

Bengaluru: The country’s economic growth likely accelerated to 6.6 per cent in the quarter just ended, but analysts polled by Reuters are sounding increasingly worried that confusion over the Goods and Services Tax (GST) will dampen activity in coming months. The forecast, from a survey of over 40 economists taken over the past week, compares with growth of 6.1 per ... Read More »

Small Business Job Growth is .70 Percent Slower Than Last Year

The latest Paychex | IHS Markit Small Business Employment Watch  reports the pace of small business job growth has slowed for the fifth consecutive month. It’s .70 percent slower than July of last year. That puts the numbers under a nationally established baseline for growth for the first time in six years. However, wages seem to be increasing at a decent rate across the country. ... Read More »

UK economic growth rate edges slightly higher

A stronger UK film industry helped the service sector to expand, the ONS said. UK economic growth edged slightly higher in the three months to June, as a stronger service sector offset weaker manufacturing and construction. The Office for National Statistics (ONS) said the economy expanded by 0.3% in the quarter, up from 0.2% in the previous three months. But ... Read More »

What’s Behind the Growth of the Gig Economy?

The use of work arrangements other than direct employment has grown substantially in the past decade, but few observers really understand the causes of that growth. The popular perception is that it has been driven by millennials’ use of online intermediaries like Uber and TaskRabbit. But rigorous scholarly research reveals that the gig economy’s growth stems largely from employers’ interest in contract ... Read More »