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India GDP to grow 9.2%, estimated at ₹147.5 lakh cr in FY22: MoS Finance

India’s gross domestic product (GDP) is projected to grow at 9.2% to ₹147.5 lakh crore for the current financial year ending March 2022, Minister of State for Finance Pankaj Chaudhary said on Monday. In a written reply to a query in the Lok Sabha, Chaudhary said the government has implemented several major reforms in recent years to boost […]

US-China Trade Is Close to a Record, Defying Talk of Decoupling

China’s economy is still growing. But the recovery is slowing down

China’s economy is still growing, but the pace of its recovery slowed in the second quarter as the country contended with surging commodity prices and supply chain disruptions. GDPgrew 7.9% in the April-to-June quarter compared with the same period a year ago, China’s National Bureau of Statistics said Thursday… To read more: https://edition.cnn.com/2021/07/14/economy/china-q2-gdp-2021-intl-hnk/index.html SOURCE: CNN

US-China Trade Is Close to a Record, Defying Talk of Decoupling

Malaysia’s economy contracts -5.6 pct in 2020

– Malaysia’s economy contracted 3.4 per cent in the fourth quarter of 2020 (4Q20) with the resurgence in COVID-19 infections, bringing the year’s full reading, which was marked by lockdowns and border closures globally, to -5.6 per cent. The manufacturing sector was a major contributor in the fourth quarter, while services, plantation and mining shrank… To read more: […]

Malaysia’s 5G Network Will Exceed 40% Coverage by end 2022, 80% by 2024

India can double its manufacturing GDP if it manages to unlock potential of value chains

As everyone seems to be focussing on the disruption brought in by Covid pandemic, India could be sitting on a $300 billion opportunity and could actually double its manufacturing gross domestic product in next few years, McKinsey said. Read more at:https://economictimes.indiatimes.com/news/economy/indicators/india-can-double-its-manufacturing-gdp-if-it-manages-to-unlock-potential-of-value-chains-mckinsey/articleshow/79122011.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst SOURCE: ECONOMIC TIMES

The stakes for trade with India

World Bank projects India’s GDP to contract 9.6% in FY21

 The World Bank on Thursday projected India’s gross domestic product (GDP) to plunge in FY21 by 9.6% revised down since its June forecast of 3.2% drop, reflecting the impact of the nationwide lockdown and the income shock experienced by households and small urban service firms. “However, there is substantial uncertainty related to the course and […]

The stakes for trade with India

India Posts Worst GDP Slump of Major Nations as Virus Spikes

India’s economy posted the biggest contraction among major economies last quarter, with a recent surge in coronavirus infections weighing on the outlook for any recovery. Gross domestic product shrank 23.9% in the three months to June from a year earlier, the Statistics Ministry… To read more: https://www.bloomberg.com/news/articles/2020-08-31/india-s-economy-plunges-by-record-23-9-after-harsh-lockdown SOURCE: BLOOMBERG

The stakes for trade with India

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