Soft Landing: Global Economy on the Path to Recovery
1 month, 3 weeks ago

Soft Landing: Global Economy on the Path to Recovery

Deccan Chronicle  

Union Finance Minister Nirmala Sitharaman suggests that a soft landing of the global economy is increasingly a possibility due to the coordinated action between countries and multilateral financial institutions. She emphasizes that while economies are not picking up that much yet, the coordinated action between countries to manage supply chain shocks is helping to stabilize the situation. However, she cautions that countries need to be cautious as they are still dependent on commodity exports and global value chains, which are not experiencing significant recovery. Despite these challenges, Sitharaman remains optimistic about the future of the global economy, as India is poised to grow at the fastest possible rate due to its demographic dividend and skilled workforce.

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History of this topic

Soft Landing: Can Global Economy Finally Find Its Rhythm?
Top News
1 month, 4 weeks ago

Soft Landing: Can Global Economy Finally Find Its Rhythm?

Hindustan Times  

Union Finance Minister Nirmala Sitharaman suggests that a soft landing of the global economy is increasingly a possibility due to the coordinated action between countries and multilateral financial institutions. She cautions that economies are not really picking up that much yet, but that this is a positive picture with the potential for better days ahead. However, she emphasizes that countries …

Soft Landing on the Horizon: Can the Global Economy Softly Land?
Trending News
1 month, 4 weeks ago

Soft Landing on the Horizon: Can the Global Economy Softly Land?

New Indian Express  

Union Finance Minister Nirmala Sitharaman suggests that a soft landing of the global economy is increasingly a possibility due to the coordinated action between countries and multilateral financial institutions. She emphasizes that while economies are not picking up that much yet, a moderate world trade picture and preparedness measures by countries can lead to better economic conditions.

Sitharaman Warns of Global Job Crisis: Focus on Multi-Sectoral Approach
1 month, 4 weeks ago

Sitharaman Warns of Global Job Crisis: Focus on Multi-Sectoral Approach

Deccan Chronicle  

Finance Minister Nirmala Sitharaman has highlighted jobs creation as the most pressing global issue, emphasizing the need for a comprehensive, multi-sectoral analysis to address the evolving skills landscape. She urged the World Bank to collaborate with countries to identify high-priority skilling sectors and develop an outcome-oriented roadmap for job creation and skill matching.

India's Economic Potential Soars as Global Landscape Shifts
Trending News
2 months ago

India's Economic Potential Soars as Global Landscape Shifts

The Hindu  

India is well positioned to capitalize on new growth opportunities due to its robust macroeconomic fundamentals and strategic shift towards strategic economic partnerships. The country's focus on domestic capacity building and resilience against external shocks will be key to its success. Ms. Sitharaman emphasized India's potential to become a key partner for many countries seeking to diversify their sources of …

India poised to capitalize on new growth opportunities as global economic landscape shifts
2 months ago

India poised to capitalize on new growth opportunities as global economic landscape shifts

New Indian Express  

Finance Minister Nirmala Sitharaman highlights India's potential to capitalize on new growth opportunities amidst a challenging global economic environment. She emphasizes the country's focus on boosting domestic capacities and building resilience against external shocks. The shift towards a more fragmented global economy could work to India's advantage, as the country seeks to become a key partner for many countries seeking …

India to be third top economy in few years, says Nirmala Sitharaman
9 months, 1 week ago

India to be third top economy in few years, says Nirmala Sitharaman

The Hindu  

Union Finance Minister Nirmala Sitharaman on March 16 said India needs economic freedom to achieve developed nation status by 2047 and assured that the country would move to the third spot in the world economy from the current fifth position in the near future. ‘We should attain economic freedom’ Observing that India was a rich country about 400 years ago, …

Bank of America expects India fundraising to be busier than ever
10 months ago

Bank of America expects India fundraising to be busier than ever

Live Mint  

Fundraising activity in India will be stronger than ever over the next two years as conglomerates, tech firms and financial services providers hunt for capital to fuel growth and owners seize the moment to sell holdings, Bank of America Corp.’s co-head of investment banking in the country said. Reliance Industries Ltd., controlled by Asia’s richest person Mukesh Ambani, has been …

Sprinting when world is limping
1 year, 2 months ago

Sprinting when world is limping

Hindustan Times  

With a 6.3% growth in 2023-24 and 2024-25, India will continue to be the fastest growing major economy in the world, the International Monetary Fund said in its World Economic Outlook on October 10. Unless the situation in West Asia really flares up after Hamas’s attack on Israel and energy prices increase significantly, inflation is unlikely to be a major …

India will stay on course; projected to grow at 7% in 2022-23: FM Sitharaman
1 year, 8 months ago

India will stay on course; projected to grow at 7% in 2022-23: FM Sitharaman

The Hindu  

Observing that the International Monetary Fund and World Bank have estimated India to be the fastest-growing major economy in 2023, Finance Minister Nirmala Sitharaman has said the Indian economy will stay on course and is likely to grow at 7% in 2022-23. Attending the Plenary Meeting of the International Monetary and Financial Committee at the IMF Headquarters here on Friday …

IMF sees India as bright spot in the global economy: PM Modi
1 year, 11 months ago

IMF sees India as bright spot in the global economy: PM Modi

India Today  

Prime Minister Narendra Modi said that the International Monetary Fund sees India as a “bright spot” in the global economy, while virtually inaugurating the seventh edition of Invest Madhya Pradesh-Global Investors Summit on Wednesday. While appreciating the country’s "strong macroeconomic fundamentals", PM Modi said that even the World Bank considers India in a better position to deal with the global …

Sitharaman says India’s fundamentals sound because of steps taken by govt
2 years, 6 months ago

Sitharaman says India’s fundamentals sound because of steps taken by govt

Live Mint  

Finance minister Nirmala Sitharaman on Wednesday said India’s fundamentals are sound due to several steps taken by the government such as reducing corporate tax, ensuring that the economy is greatly digitized and bringing in the Goods and Service Tax and bankruptcy code. Citing a study, Sitharaman said the Pradhan Mantri Garib Kalyan Yojana reduced the probability of borrowing money significantly …

Evidence of Normalisation of India’s Economic Activity, Says IMF Chief Economist
3 years, 8 months ago

Evidence of Normalisation of India’s Economic Activity, Says IMF Chief Economist

News 18  

There is evidence of normalization of economic activities in India, IMF Chief Economist Gita Gopinath has said ahead of the annual spring meeting of the International Monetary Fund and the World Bank here. On Tuesday, the IMF projected an impressive 12.5 percent growth rate for India in 2021, stronger than that of China, the only major economy to have a …

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