Photo: The Jakarta Post

IMF Forecasts 12.5% Growth For India; Stronger Than China's 8.6%

The International Monetary Fund has projected India’s growth rate higher than China for 2021. Extrapolating India’s growth at 12.5% for this year, the Washington-based body expected Indian economy to grow at 6.9% in 2022. Moreover, projecting 8.6% growth rate for China in 2021, the IMF, in its World Economic Outlook report estimated 5.6% growth for dragon in 2022. Interestingly, China was the only country to have positive growth rate in 2020… read-more

Wed, 07 Apr 2021 - 12:51 PM / by Nikita Thakur

Tags: IMF, Growth, China, India, World Economic Outlook

Courtesy: The Tribune

Telecom sector

Photo : Business World

India's Telecom Advertising Sector To See 11% Growth By 2023: Report

Media agency Zenith has extrapolated that India's telecom advertising market growth will experience 11% annual growth during 2020-2023. Reportedly, the growth is higher than the sector’s average growth rate of 4.5% per year as it recovers itself from an 8.7% decline in 2020. Citing the rise due to increased demand for data and smartphones, the report highlighted that Telecom operator brands will gradually reduce their ads on conventional… read-more

Mon, 22 Mar 2021 - 07:33 PM / by Neha Sanjeev

Tags: Telecom, Telecom giants, Growth, Department of Telecommunication

Courtesy: Live Mint

Representational Image of Economy

Photo: Deccan Herald

World Bank Chief Says 'Dire Outlook' For Indian Economy; Indicates 9.6% Dip in Economy

The World Bank Chief Economist for South Asia Hans Timmer has stated that though the Indian Government's effort with limited resources was commendable, the Indian economy has a “dire outlook” after the impact of the lockdown. A report by the bank mentioned that Indian economy might take a dip by around 9.6% for the fiscal year that started March 2020. However, a regional growth of 4.5% is expected in FY2021.

Thu, 08 Oct 2020 - 02:42 PM / by Mahadevan K V

Tags: World Bank, Indian Economy, GDP, Growth

Courtesy: The Hindu