LIVE MARKET TRACKER :   BSE SENSEX        |    NSE NIFTY    
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
M&M's arm inks MoU with MACP
(19-Feb-2018)

M&MMahindra & Mahindra's (M&M) wholly owned subsidiary - Mahindra Agri Solutions has inked a Memorandum of Understanding (MoU) with Maharashtra Agriculture Competitiveness Project (MACP),......click on news to read complete article.

Shree Cement commissions new Cement Grinding Unit at Bihar
(19-Feb-2018)

Shree Cement commissions new Cement Grinding Unit at BiharShree Cement has commissioned new Cement Grinding Unit namely 'New Bihar Cement Plant'. The unit with capacity of 2 MTPA is located at Aurangabad in the state of Bihar.The company had recently commissioned......click on news to read complete article.

Premier Explosives receives Management System Certificate from DNV
(19-Feb-2018)

Premier Explosives receives Management System Certificate from DNVPremier Explosives has received the Management System Certificate from DNV GL Business Assurance (DNV), USA after the company has been found to conform to the Quality Management System Standard ISO 9001:2015......click on news to read complete article.

International Stock News
Asian markets trade higher in early deals on Monday
(19-Feb-2018)

Asian markets trade higher in early deals on MondayAsian equity benchmarks are trading higher in early deals on Monday, joining a global recovery for equity markets as sentiments improved gradually from a recent shakeout that stemmed from fears of creeping......click on news to read complete article.

Asian markets trade higher in early deals on Monday
(19-Feb-2018)

Asian markets trade higher in early deals on MondayAsian equity benchmarks are trading higher in early deals on Monday, joining a global recovery for equity markets as sentiments improved gradually from a recent shakeout that stemmed from fears of creeping......click on news to read complete article.

US markets end mixed on Friday
(17-Feb-2018)

US markets end mixed on FridayThe U.S. equity markets paring most of their early gains ended mixed on Friday after Special Counsel Robert Mueller's office revealed that a federal grand jury has indicted several Russian nationals for......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.