German economy forecast to lag eurozone growth until 2026
The German economy is expected to significantly underperform the eurozone average until at least 2026, according to the European Commission's Autumn Forecast released on Friday.
The German economy is expected to significantly underperform the eurozone average until at least 2026, according to the European Commission's Autumn Forecast released on Friday.
Union minister for petroleum and natural gas Hardeep Singh Puri on Friday said Energy has become the spinal cord for economic growth and development, and India is poised to lead the global hydrogen energy production and export.
In the second quarter of 2024, India’s real GDP expanded 6.7% year-over-year, fueled by a resurgence in household consumption, increased investment, and solid manufacturing activity.
At least 20 per cent of India’s economy will be digital by 2026-27 from the current 10 per cent, Union Minister for Communications, Jyotiraditya Scindia, said on Monday
The Nobel Prize winning Columbia University economist Edward Phelps maintains that innovation is the key to economic growth, prosperity and human happiness.
Mobility is normal human behavior and a global phenomenon. Our ancestors in the prehistoric era were hunters-gatherers. They were constantly on the move in search of food and shelter. Floods, storms, earthquakes too compelled them to move from one place to the other. Agriculture changed life, and man started to settle at a place. About 96.5 per cent of the global population today lives in countries where they were born. But there are 3.5 per cent who reside in other countries.
A recent Oxfam report, published in January 2023, found that the richest one per cent in India own more than 40 per cent of the country's total wealth, while the bottom half together share just 3 per cent. Also, during FY 2020-21, approximately 64 per cent of the total Rs. 14.83 lakh crore in Goods and Services Tax (GST) came from the bottom 50 per cent of the population, with only 3 per cent coming from the top 10 per cent
While a favourable base effect should help accelerate India's real GDP growth to around 7.5-8 per cent YoY in the June quarter, the growth trend is expected to soften over the remaining quarters towards 5-6 per cent YoY, foreign financial services major UBS said in a report.
Union Minister of Commerce and Industry Piyush Goyal on Wednesday said that Prime Minister Narendra Modi wants every Indian mindset to be that of a developed nation's mind.
It seems democracy and capitalism no longer go together. We have so far believed that democracy gives people freedom of choice, an essential prerequisite for economic activities to flourish. The question is if this is the true face of neoliberal capitalism, would we want to look at it? Should we not think instead how a possible transition to reduced consumption, reduced production and reduced profit can be made compatible with social security and stability while fulfilling the basic human needs that modern living demands?
