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Slowdown in India dragging down global economy, says IMF Chief Economist Gita Gopinath

"The most major issue to address is the weakness in credit growth. There need to be policies that can resuscitate credit growth but at the same time don't create further NPA problems," said Gita Gopinath

Global firms optimistic about India but 'scared' of complications, says Oliver Tonby of McKinsey

Tonby pointed out that the persistent economic slowdown in the country, coupled with other problems like tensions within and outside the country, environment sustainability has the companies worried

IMF lowers India's 2019 growth forecast to 4.8% from 6.1%

In its World Economic Outlook update released on Monday, IMF expected growth to pick up over the course of next two years with the help of monetary and fiscal stimulus as well as subdued oil prices

Unemployment rate rises to 7.5% during Sept-Dec; high among educated youth: CMIE

The report highlighted that the unemployment rate in the urban youth, especially educated one, was very high

SC allows Centre to takeover Unitech management; grants two months to prepare resolution plan

The Supreme Court bench, led by Justice DY Chandrachud, also granted two-month moratorium to the new board of Unitech from any legal proceedings against the company's management

 
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