India’s GDP projected to moderate to 5.8% in 2023, remains ‘strong’ amid challenging prospects: UN

<ul><li>The World Economic Situation and Prospects 2023 report said the world output growth is projected to decelerate from an estimated three per cent in 2022 to 1.9 per cent in 2023.</li></ul>

Premature to think India will replace China in influencing global economic growth: Raghuram Rajan

Rajan said any recovery in the Chinese economy would definitely boost the global growth prospects.

Capex, manufacturing and digitalisation likely to be India's next major growth drivers, says UBS Securities

<ul><li>India's potential growth has stabilised at about 6% currently, despite the pandemic, says UBS.</li></ul>

Credit Suisse, IMF and World Bank are optimistic about Indian economy despite global headwinds

Credit Suisse expects domestic demand will remain resilient, led by a pickup in government spending and private capital expenditure. A recovery in real estate and government initiatives (like Production Linked Incentive Schemes) will boost the manufacturing sector, it said. 

Indian economy likely to navigate rough global weather in 2023: Report

According to a recent assessment shared by the Reserve Bank of India, the global economy is projected to grow by a mere 2.7 percent even as some of the key developed economies face recession.

India GDP growth halves in September quarter as COVID distortions pass

<ul><li>Gross domestic product growth for the full fiscal year, which ends on March 31, is likely to be 6.8-7%, the government's chief economic advisor V. Anantha Nageswaran said after the release.</li></ul>

Will OPEC+ consider additional crude output cuts in their upcoming meeting?

In October, OPEC+ members agreed to cut oil production by 2 million barrels per day, the largest reduction since the pandemic began. The reduction is roughly equivalent to 2% of global oil demand.

Worries about the next recession intensifying each day; retail investors must take note

A new Bloomberg Economics model projects a 100% probability of a recession in the US by October 2023. The IMF, on the other hand, lowered its global GDP forecast three times so far this year. The IMF now projects that global real GDP growth will slow to 3.2% in 2022, from 3.6%.

India has the potential to attract $475 billion through FDI in 5 years: Report

A majority of MNCs feel that the Indian economy will perform significantly better in 3-5 years, with 96 per cent of respondents being positive about the country's overall potential, according to the report. 

India saved  <span class='webrupee'>₹</span>35,000 crore by importing Russian crude at a discount rate: Report

After sanctions were imposed by the west, Russia turned to India and offered huge discounts on its crude. Within just months, Russia's share of India's oil purchases rose to a record 6%, about 277,000 barrels in April, up from about 66,000 BPD in March.

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India’s GDP projected to moderate to 5.8% in 2023, remains ‘strong’ amid challenging prospects: UN

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