Search Results for: economic recession

methodology-change-sees-indian-economy-grow-faster-than-chinas

Methodology change sees Indian economy grow faster than China's

New Delhi, Feb 10 (ANI): India forecasted that annual economic growth would accelerate to 7.4 percent in the year ending in March after its statisticians changed the way they measure Asia's third-largest economy and showed it clocked faster growth than China in the December quarter. The statistical recovery is in large measure due to changes both in the way authorities calculate gross domestic product (GDP) and the base year. The new estimate is sharply higher than the Reserve Bank of India's (RBI) growth projection of around 5.5 percent for the year under the old method. It marks a dramatic turnaround for an economy that a fortnight ago was assumed to be struggling to gain momentum under Prime Minister Narendra Modi's reform-minded government. India now measures GDP by market prices instead of factor costs, to take into account gross value addition in goods and services as well as indirect taxes. The base year has been shifted to 2011/12 from 2004/05 earlier. Feb 10, 2015
stocks-start-week-in-a-slump

Stocks start week in a slump

U.S. investors looked overseas Monday and got worried as China's imports tumbled, signaling economic weakness, and about heightened tensions between Greece and the European Union over Athens' debt Feb 10, 2015
chinese-trade-in-steep-slide

Chinese trade in steep slide

Gearing up to ring in the year of the sheep. But beneath the celebrations, China's economic worries are growing. Foreign trade, one of the key drivers of its mammoth economy, has taken a nosedive. Feb 9, 2015
asia-markets-wobble-on-china-trade-u-s-jobs

Asia markets wobble on China trade, U.S. jobs

Asian markets start the week on a mixed footing. Strong jobs data out of the U.S. raising hopes while weak economic data out of the China causes worry. That combination led to patchy trade across Feb 9, 2015
singapore-president-arrives-in-india-for-state-visit

Singapore President arrives in India for state visit

New Delhi, Feb 09 (ANI): Singapore President Tony Tan Keng Yam arrived in New Delhi for a four-day-visit to commemorate the 50th anniversary of diplomatic relations between the two countries. During his visit, President Yam is scheduled to meet his Indian counterpart, Pranab Mukherjee, Prime Minister Narendra Modi and Foreign Minister Sushma Swaraj. President Yam, who is accompanied by his wife Mary Tan, will also inaugurate an exhibition at the national museum in New Delhi. He will leave the country on February 11. The close relationship shared by India and Singapore is based on convergence of economic and political interests. Feb 9, 2015
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