Page 8 - India Development Update News Today

New Delhi, April 4: World Bank in its latest India Development Update report has cut Indias growth forecast for 2023-24 to 6.3 per cent from earlier 6.6 per cent.

Global economic prospects have shown a significant deceleration for the year 2023 as 94 economies are expected to grow below the pre-pandemic level of 2019, showed an analysis conducted by industry body PHD Chamber of Commerce and Industrys (PHDCCI) research bureau.

Get latest articles and stories on Business at LatestLY. The analysis by PHDCCI was based on the IMF database on the GDP growth of the countries according to their GDP growth rates for 2019, 2020, 2021, and 2022 and the projections for 2023. Business News | India, Japan Growing Above Pre-pandemic Levels Among Top 10 Economies: PHDCCI Report.

India now has a business environment that can compete with that of China and the rest of Southeast Asia, and could attract more foreign investments, the Economist Intelligence Unit (EIU) said in its report.

India seems “unstoppable” in its momentum to become the third economic superpower and touch the $10 trillion mark by 2035, according to the Centre for Econ..

In the first upgrade of India’s growth forecast by an international agency amid the global turmoil, the World Bank said the revision was due to higher resilience of ...

Venture capitalist and co-founder of US-based pet services platform Wag! Brendan Rogers, who travelled to 10 countries in 2022, has highlighted that India is a great destination for investment and the present century belongs to India.

Get latest articles and stories on India at LatestLY. Equity benchmarks Sensex and Nifty opened on a choppy note on Wednesday, tracking weakness in index heavyweights Wipro, TCS and Maruti ahead of the RBI monetary policy announcement. India News | Sensex, Nifty Start on Choppy Note; IT Stocks Decline.

NTPC was the top loser in the Sensex pack, followed by Kotak Bank, Wipro, TCS, HCL Tech, Maruti and Tech Mahindra

The World Bank raised its gross domestic product (GDP) growth forecast for India during the current financial year (FY23) to 6.9 per cent from 6.5 per cent citing the economy’s resilience in the face of challenging external environment and the September quarter performance. “India’s economy has been remarkably resilient to the deteriorating external environment, and…