The International Monetary Fund is upgrading its economic outlook this year for China, India and Europe while modestly lowering expectations for the United States and Japan. But it says worldwide progress against accelerating prices has been slowed by stickier-than-expected inflation for services, from airline travel to restaurant meals. Overall, the IMF said that it still expects the world economy to grow a lackluster 3.2 per cent this year, unchanged from its previous forecast in April and down a tick from 3.3 per cent growth in 2023. From 2000 through 2019, before the pandemic upended economic activity, global growth had averaged 3.8 per cent a year.
Business & Economics
Why Trump’s 25% tariff is a double whammy for India
New Delhi (TIP)- India’s trade ties with the United States were jolted this week after President Donald Trump imposed a blanket 25% tariff on all Indian exports, citing unfair trade barriers and deepening defence and […]
Business & Economics
India’s retail inflation at 3.65% in August 2024, within RBI’s 4% target: Govt data
New Delhi (TIP)- India’s retail inflation was 3.65% in August 2024, according to the All India Consumer Price Index (CPI) data released on Thursday, September 12, 2024. The combined inflation (rural and urban) fell to […]
Business & Economics
Tata Electronics gets Rs 1,500-cr boost as Apple manufacturing expands in India
The Tatas have invested an additional Rs 1,500 crore in Tata Electronics, according to the company’s latest regulatory filing with the Registrar of Companies, reported The Economic Times. The equity infusion in October takes the […]
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