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
Courtesy: The Tribune
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
Courtesy: Live Mint
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.
Courtesy: The Hindu