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High Impact Economic News

India among Asian economies set to dominate 7% growth club during 2020s
The 2020s are set to be the Asian decade, with the continent dominating an exclusive list of economies expected to sustain growth rates of around 7 per cent. India, Bangladesh, Vietnam, Myanmar and the Philippines should all meet that benchmark, according to a research note Sunday from Madhur Jha, Standard Chartered’s India-based head of thematic research ....

Growth in energy investment highest in India
Energy investment has risen most rapidly in India in three years till 2018, up 12% to around $85 billion, the International Energy Agency (IEA) said in its latest report. While global energy investment stabilised at near $1.85 trillion in 2018 after three years of decline, the US and India were the only two countries where investment in energy recorded a growth in 2018 from 2015-levels, the IEA noted.

India expects improvement in World Bank’s ‘Doing Business’ ranking this year
India is expecting improvement in its ranking in the World Bank’s doing business report this year particularly in indicators such as paying taxes and trading across borders. An official delegation including secretary in the Department for Promotion of Industry and Internal Trade, Ramesh Abhishek, apprised a World Bank team in Washington of reform measures taken by the government in easing the business process.

India will soon have to decide on sharing daily US dollar-Rupee rate with overseas exchanges
India will soon have to take a call on whether to officially share the US dollar-rupee reference rate with overseas exchanges, fund houses, corporates and banks. The benchmark rate is used to settle millions of trades and currency derivative contracts in India and abroad. Financial Benchmark India Pvt Ltd (FBIL), mandated by the Reserve Bank of India, is the independent benchmark administrator for interest.....

Sugar exports surge to 21.29 lakh tonnes so far this marketing year
The country’s sugar exports surged to 21.29 lakh tonne so far in the current marketing year ending September, as against about five lakh tonnes shipped in the entire 2017-18, industry data showed Monday. Out of the 21.29 lakh tonnes exported between October 1 and April 6, raw sugar accounted for 9.76 lakh tonnes, the All India Sugar Trade Association (AISTA) said in a statement.

WTO ministerial meet aims at re-energising multilateral trading system
India Tuesday said the ministerial meeting of 23 WTO member countries is aimed at reenergising the multi-lateral trading system, and exuded confidence that collective views of developing countries will help in reforming the global trade body. The two-day ministerial meeting is scheduled to come with a declaration on issues being faced by developing countries, including WTO's special and differential treatment (S&DT) norms.

Positive sentiment continues for mfg sector in Q4, capacity utilisation up at 80%
Sentiment in the manufacturing sector remains positive as overall capacity utilisation rose to 8% in the fourth quarter. According to FICCI's 'Quarterly Survey on Manufacturing', the overall sentiment in the manufacturing sector remains positive as the proportion of respondents reporting higher output growth (around 54 %) during....

India, Mongolia to ink pact for petrochemical unit
India and Mongolia are expected to sign an agreement this week for the construction of Mongolia’s first petrochemical refinery that is expected to cut some of its dependence on Russian fuel. When signed, the project will be the largest being undertaken by the government of India under its Lines of Credit programme. The petrochemical refinery is to be built at an approximate cost of $1.25 billion.

calender May 14, 2019