LIVE MARKET TRACKER :   BSE SENSEX   33455.79      |    NSE NIFTY 10322.25    
GLOBAL MARKETS :  NASDAQ      |    FSI London      |    NIKKEI Japan  
  USD GBP EUR CAD AUD INR
USD -
GBP -
EUR -
CAD -
AUD -
INR -
Indian-Commodity  :  Economy  :  India, China emerges as sweet spot at WEF meet to accelerate global growth

India, China emerges as sweet spot at WEF meet to accelerate global growth (20-Jan-2017)

Emerging as a sweet spot at the World Economic Forum (WEF) Annual meet in Davos, India along with neighbouring country China are set to accelerate world economic growth. India was also commended as a major driving force along with China for world growth with leaders and economists stressing the need for increased regional cooperation.

As questions raised about the future of globalisation at the WEF meet, leaders shifted their narration of Asia to boost the global growth amid darkening prospects for trade worldwide. Interestingly, Indian leaders listed out demonetisation as a measure owed to people in the fight against black money. Against the backdrop of rising uncertainties, business leaders and economists felt that India and China have a great role to play in taking forward the Asian growth story by engaging in regional cooperation and eventually boost the global trade.

Veteran banker and New Development Bank President K V Kamath has said that 'new normal' is emerging where many countries would prioritise an 'inward look' at their national policies even as India remains in a comfortable position. He also said that at present India and China contribute a big chunk to the global growth and added that India is in a 'sweet spot' as the country absorbs investments in infrastructure, manufacturing and areas driving the consumer sector. Reflecting the hopefulness over the two leading economies, Malaysia's Minister for International Trade and Industry Mustapa Mohamed has said that India and China are very important in taking forward the Asian growth story.

Meanwhile, a delegation of more than 100 individuals, including ministers, government officials and business leaders, are in attendance at the WEF annual meet which has gathered under the theme of Responsive and Responsible Leadership. During a panel discussion on the theme of India's turn to transform, discussions touched upon the fight against corruption and black money, including demonetisation. WEF, government think-tank NITI Aayog, the World Intellectual Property Organisation and the Cornell University have joined hands to develop an India Innovation Index to measure the performance of Indian states.


Top News Today
Tayo Rolls' workers file cases for payment of unpaid wages
(11-Dec-2017)

Tayo RollsTayo Rolls' workers have filed cases against the company for payment of their unpaid wages. The company has not been able to pay wages to its workmen due to paucity of funds. Tayo Rolls is a metal fabrication......click on news to read complete article.

Tata Motors to increase prices of Passenger Vehicles
(11-Dec-2017)

Tata Motors to increase prices of Passenger VehiclesTata Motors is planning to increase prices of its entire passenger vehicles range by up to Rs 25,000, starting January 2018. This increase in price is due to rising input costs. The introductory prices......click on news to read complete article.

Jet Airways to induct 25 narrow-body planes in next 3 years
(11-Dec-2017)

Jet Airways to induct 25 narrow-body planes in next 3 yearsJet Airways is planning to induct almost 25 narrow-body planes into its fleet over the next three years even as it is yet to take a call on the delivery schedule of the Boeing 787 planes. Jet Airways is......click on news to read complete article.

International Stock News
Asian markets trade higher in early deals on Monday
(11-Dec-2017)

Asian markets trade higher in early deals on MondayAsian equity benchmark indices are trading higher in the early deals on Monday, lifted by encouraging employment data from the US that took the Standard & Poor's 500 Index to its third straight......click on news to read complete article.

US markets end at record highs on upbeat jobs data
(09-Dec-2017)

US markets end at record highs on upbeat jobs dataThe US markets traded with traction and ended near record high levels on Friday, as traders reacted positively to the closely watched monthly jobs report. The continued advance by stocks came following......click on news to read complete article.

US markets closed higher; S&P snaps four-day losing streak
(08-Dec-2017)

US markets closed higher; S&P snaps four-day losing streakThe US markets closed higher on Thursday, with the S&P 500 snapping a four-session losing streak on the back of gains in the technology, industrials and materials sectors. Traders focused on continued......click on news to read complete article.

 

     
  
Recent Economy News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.