Indian economy set to decelerate
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India expects its slowest growth in three years as agriculture lags faster growth in other sectors.
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The U.S. economy will slow sharply this year and fall behind growth rates in most of the world, according to forecasts in a U.N. report released Wednesday.
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NEW DELHI: Economists have pegged down GDP growth to 6.3-6.5 per cent for this fiscal on apprehension of a fall in farm output and an adverse impact of oil price hike.
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The Indian economy is poised for sustained economic growth of 7-8 per cent for the next ten years, Finance Minister Palaniappan Chidambaram told participants in a keynote address at the opening session of the World Economic Forum&#39;s 20th India Economic
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Global economic growth is likely to be dampened by the turbulence on world markets, the IMF says.
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NEW YORK  - The U.S. economy is forecast to slow slightly next year, and inflation is expected to ease from this year's pace, the Philadelphia Federal Reserve Bank said on Tuesday.
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IndiaÂs economy may be soaring, but agriculture remains its AchillesÂ heel. In 2003, 17,107 Indian farmers committed suicide.
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The double whammy of higher oil prices and unfavourable weather conditions for agriculture, will slow the countryâs economic growth to 6.5 per cent in 2004, and an even lower level of 6 per cent in 2005, according to an Asian Development Bank (ADB
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China is expected to take more steps to slow its galloping economy, a key engine of global growth, after hiking borrowing costs in a bid to stop the boom giving way to a bust.
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For decades, India focused on its domestic economy and grew more slowly. But all that is starting to change.
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India's industrial production growth slowed to a 6.2 percent pace in October, its lowest growth rate in 10 months, the government said Tuesday.
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A plunge in construction spending threatens to drive the American economy into recession.
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Expected 2007 eurozone economic growth is downgraded after the recent markets turmoil.
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The UK economy is set to slow markedly in 2005, consultancy firm Deloitte warns, with growth of just 2%.
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Indian economy is poised to grow by 6.4 per cent during the current year and 6.7 per cent in 2005 but deficient rains are raising concerns about agricultural growth, the International Monetary Fund said in Washington on Wednesday.
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India's economy may lose a bit of steam in coming months but will remain on track for strong growth despite global market turmoil and mounting fears of a US recession, analysts say.
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Policy makers and Wall Street analysts are being forced to scale back their expectations for growth in the overall economy.