Kolkata: India is on track to become a three trillion dollar economy by the fiscal year 2022-23. India’s economy will reach seven trillion dollars in the next seven years, the country’s Chief Economic Adviser, V Anantha Nageswaran, has said. Nageswaran made this claim while speaking at the economic forum of Merchants’ Chamber of Commerce & Industry […]
Read More »
New Delhi: Concern is being expressed that the United States, European countries, Japan and China will all be hit by the economic recession. It will also have some impact on India’s growth rate. However, the Indian economy is unlikely to face the risk of recession. Rajiv Kumar, former Vice Chairman of NITI Aayog, has expressed […]
Read More »
Brussels/Paris/Washington: The Inflation Reduction Act introduced by US President Joe Biden is dangerous for European industries. The European Union (EU) has warned of appealing against it to the World Trade Organization. The finance ministers of Europe discussed this issue and decided to oppose it unitedly in a meeting held on Tuesday. Emmanuel Macron, the president […]
Read More »
Washington: The global economy has faced the toughest and most complex challenges in the last four decades. Former US Treasury Secretary Larry Summers warned that the World Bank, IMF and leading central banks failed to recognize these dangers. Meanwhile, the US study group ‘The Conference Board’ has released a report saying that the world’s leading […]
Read More »
Berlin: In the wake of the Russia-Ukraine conflict, the process of globalisation has come to a standstill. Besides, there is no possibility of its recovery. At the same time, there is a risk of fuel shortage and inflation is also likely to continue. The head of Deutsche Bank, Christian Sewing, warned that due to these […]
Read More »
Brussels: Due to flaring inflation and declining productivity, the European continent is predicted to be hit by the economic recession. Despite this threat of recession, the European Central Bank, the central bank of the European Union, has increased the interest rate by an unprecedented 0.75%. The impact of this interest rate hike has started to […]
Read More »
Washington: Economist Nouriel Roubini has concluded that the US economy will soon collapse due to inflation flareup, rising unemployment and reduced production. He further warned that interest rate hikes by the Federal Reserve to curb inflation would increase the debt burden and hamper economic growth. Roubini had earlier predicted an economic recession in 2008-09. Therefore, […]
Read More »
Brussels: European Drought Observatory has warned that the continent is facing the most severe drought in the last 500 years, triggering an emergency in more than 60% of the regions. Drought has been announced in many parts of France, Spain, Italy, and the United Kingdom. The survival of crops and trees is threatened in Germany, […]
Read More »
Berlin: – German thinktank ‘Institute of Employment Research’ (IAB) claimed that the German economy would take a hit worth $265 billion over the next few years given the Russia-Ukraine conflict and the fuel price rise. The IAB reports also predict that there will be a decline of nearly 1.7% in the German GDP in the […]
Read More »
Washington: US economist Michael Hudson has concluded that the sanctions imposed on Russia by America and European countries have boosted the Russian economy. These sanctions have ended the dependence on the Russian economy. In addition, Hudson claimed that Russia’s efforts to de-dollarize to stop transactions in dollars have succeeded beyond imagination. After the United States […]
Read More »
