News Muncher - searching for growth

2 weeks, 5 days ago

After Donald Trump’s ‘go find another sucker’ comment for BRICS nations, UN agency warns of global trade war

A United Nations agency has issued a warning about the potential for a global trade war following comments from US President-elect Donald Trump aimed at BRICS nations. Trump's remark, “Go find another sucker,” directed at—Brazil, Russia, India, China, and South Africa—has raised concerns about growing tensions in global trade. However, the agency cautioned that trade wars could undermine this progress …

Global India China Trade Russia Trump Global Trade

7 months, 4 weeks ago

India’s services export grew faster than global average in 2023: UNCTAD data

Hindustan Times

NEW DELHI: India’s annual services export grew at 11.4% in 2023 against the global average of 8.9% and surpassed China which witnessed a 10.1% contraction in the year, according to the quarterly bulletin released by the United Nations Conference on Trade and Development. Robust services trade helped India to compensate for a 3.11% year-on-year contraction in merchandise exports in FY2024 …

India China Trade Data Billion Exports Grew Merchandise Exports

8 months, 1 week ago

Indian economy projected to grow 6.5% in 2024: UNCTAD

The Hindu

India’s economy is projected to grow by 6.5% in 2024, according to a report by the UN which noted that multinationals extending their manufacturing processes into the country to diversify their supply chains will have a positive impact on Indian exports. “The expansion in 2023 was driven by strong public investment outlays as well as the vitality of the services …

India Economy Growth China Indian 2024 Grow

8 months, 1 week ago

UNCTAD sees India’s GDP growth slip to 6.5% in 2024 vs 6.7% in 2023: ‘RBI likely to keep interest rates constant’

Live Mint

The United Nations Trade and Development projected that Indian economy's growth momentum will most likely decelerate in 2024 to 6.5% against the 6.7% growth recorded in the previous year. The report states, “The expansion in 2023 was driven by strong public investment outlays as well as the vitality of the services sector, which benefitted from robust local demand for consumer …

India Growth Report Imf

1 year, 9 months ago

Don't leave Global South out of green tech growth, UN warns

The Independent

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Developing Developing Countries Green Green Technology Green Technologies Countries Unctad

2 years, 9 months ago

India's 2022 GDP Growth Downgraded to 4.6% Due to Ongoing War in Ukraine: UN Report

News 18

India's projected economic growth for 2022 has been downgraded by over two per cent to 4.6% by the United Nations, a decrease attributed to the ongoing war in Ukraine, with New Delhi expected to face restraints on energy access and prices, reflexes from trade sanctions, food inflation, tightening policies and financial instability, according to a UN report released on Thursday. …

Food India Growth China War Ukraine Russia

4 years, 2 months ago

Export Growth Declined in India in 3rd Quarter of 2020 but Picked up Pace in September: UNCTAD

News 18

Export growth declined in India in the third quarter of 2020 relative to the same quarter last year but picked up pace in September, according to a global trade update by the UN. The UNCTAD’s new global trade update said that global trade recorded a 5 per cent drop in the third quarter of 2020 compared with the same period …

India Growth Global Trade Developing Countries Cent Quarter 2020

4 years, 2 months ago

A Lost Decade: Decoding the cost of Covid-19 pandemic

India Today

A decade after facing the worst financial crisis since the Great Depression in the 1930s, the world has again stumbled upon an unprecedented economic challenge due to a microscopic virus. Citing International Labour Organisation estimates, the UNCTAD report indicated that the pandemic has put jobs of more than 500 million people in jeopardy, mainly in the developing world. In what …

Global India World Pandemic Economic Developing Report

4 years, 6 months ago

Investment flows to India may dip in 2020: UNCTAD