India's economy set to eclipse China, U.S. by 2080
India to have GDP 90% larger than China’s and 30% larger than the US by the end of the century
India to have GDP 90% larger than China’s and 30% larger than the US by the end of the century
Former RBI governor mentions it is difficult for the US Federal Reserve to engineer a soft landing, kicking off a ripple globally, which may create headwinds for India next year.
The report suggests that computers and electronics exports from Vietnam, India, and Taiwan to the US witnessed the steepest growth during this period with a CAGR of 42%, 38%, and 27%, respectively.
The impact on the Indian stock markets could likely to be negative but not large since the U.S. economy is now headed for a soft landing and not a recession, says expert
The world's biggest economy will go through a mild recession, says Andrew Sheets of Morgan Stanley.
The global equity markets will remain volatile in H1 2023, but things will improve in the second half, says Naren, ED & CIO, ICICI Prudential Mutual Fund.
For India, IMF says revision reflects mainly less favourable external conditions and more rapid policy tightening
Analysts think that a well-communicated monetary normalisation strategy would avert a hard landing of the economy or a recession.
The real Q1 GDP dropped mainly due to fall in private inventory investment, exports, federal government spending, and tapering of economic stimulus.
Weak external demand and people’s high level of vigilance against a possible ‘second wave’ of infection seem to drag on the recovery of the Chinese economy, says the Pictet Group.