Nirmala Sitharaman: India’s consumer market likely to double by 2031: FM Nirmala Sitharaman

Nirmala Sitharaman: India’s consumer market likely to double by 2031: FM Nirmala Sitharaman

The Finance Minister on Friday at the CII Business Summit projected that the Indian consumer market is poised to double by 2031. Additionally, India is expected to contribute 18% to global growth in the next five years. Emphasising the strength of India’s growth narrative, the FM stated that it is compelling. Furthermore, the Finance Minister … Read more

Factories around the world are slowly cranking into gear again

Factories around the world are slowly cranking into gear again

Assembly lines around the world are starting to hum again, marking a turn in a years-long manufacturing slump. The nascent industrial recovery is led by the world’s two biggest economies. Chinese manufacturing has made a strong start to the year, boosting the economic outlook, and US factory activity unexpectedly expanded last month for the first … Read more

World Bank forecasts 2024 global growth to slow for third consecutive year

World Bank forecasts 2024 global growth to slow for third consecutive year

The World Bank warned on Tuesday that global growth in 2024 is set to slow for a third year in a row, prolonging poverty and debilitating debt levels in many developing countries. Hamstrung by the COVID-19 pandemic, then the war in Ukraine and ensuing spikes in inflation and interest rates around the world, the first … Read more