Investors are expecting Indian stocks to post another quarter of losses as a slowdown in economic growth and sticky inflation hurt corporate earnings and foreign flows. The benchmark NSE Nifty 50 Index will likely drop at least 5% in the three-months through March, according to a majority of 22 strategists and fund managers in an…
India’s billionaire count has climbed to 334, according to the Hurun India Rich List for 2024, as the country takes an inlcreasingly central role in the wealth being created globally. India is notching up one new dollar billionaire at an average of every five days. In contrast, China’s billionaire count witnessed a 25% fall, although…
Employment growth need not keep pace with output growth, since a good part of the latter should be attributable to productivity growth. However, employment growth needs keep pace with the growth of labour supply. Otherwise, the difference will add to the backlog of unemployment. During the period 2011-12 to 2022-23, while employment grew from about…
Welcome to Jackson Hole week. It’s a week in which Wyoming becomes the centre of the policy world as it hosts a large group of central bankers, academics and media. The gathering, organized by the Federal Reserve Bank of Kansas City, discusses recent developments, policy issues, and the implications for central banks. The session that…
As posited in growth theory, this convergence trend is not unique and usually applies to regions that typically begin with low-performance levels on an important outcome such as gross domestic product (GDP) or GDP per capita. The global literature on convergence theory suggests that these regions should experience quicker growth on that outcome over time,…
International Monetary Fund (IMF) deputy managing director Gita Gopinath recently observed that increasing workplace safety is an important factor in raising women’s participation in the labour force and the workforce (the former makes up for a broader cohort, of those looking for work, in addition to those who are at work and comprise the workforce). …
TSX ends up 1.2% at 23,032.72 Posts sixth straight day of gains Energy adds 1.7%; oil settles 1.5% higher By Nikhil Sharma and Fergal Smith Aug 15 – Canada’s main stock index rose for a sixth straight day on Thursday, with resource and technology stocks leading a broad-based rally as U.S. economic data bolstered hopes…
This was India in 1947: Life expectancy was 32 years. Literacy was 18%. Gross domestic product (GDP) growth had been sub-0.5% per annum for over 50 years. Yes, the so-called ‘Hindu rate of growth’ of our early years of independence was an eight-fold increase over the growth rate in the first half of the 20th…
Foreign investors pulled out a record amount of money from China in the last quarter. Direct investment liabilities in its balance-of-payments dropped almost $15 billion in April-June, Bloomberg reported, citing data from the State Administration of Foreign Exchange. This marks only the second time that the figure has turned negative, and should the full year…
A decade ago, India was one of the ‘fragile five’ economies, with excessive reliance on foreign capital to sustain growth. Its high vulnerability to foreign capital flight and sudden stops had caused excessive foreign exchange volatility as the current account deficit hit nearly 5% of gross domestic product (GDP) in 2012-13. Much water has flowed…
