Economy

By Krishna Memani Dear Prime Minister Modi, I fully understand that there is a lot going on in India. And all of those issues need to be addressed. However, from my perspective nothing is more important than dealing with the unfolding slowdown of the Indian economy. India is one of the few countries in the world where the potential trend growth rate is still quite high. Alas! The difference between the potential growth rate and actual growth rate have never been higher. That needs to change and quickly, as the current situation has the potential to get the country mired in a slower rate of growth for an extended period. By now, I am sure you have received thousands of missives on what needs to be done from people of all backgrounds and agendas. I am quite sure you have a pretty good idea what ails the Indian economy. Therefore, I will keep this relatively short and straightforward. It is really all about execution and implementation rather than having deep discussions about what … [Read more...] about Letter from Wall Street: Dear PM Modi, your politics can wait, but the economy cannot

China's urbanization will continue to drive economic growth, as it "gives a lot of potential for investment in infrastructure and potential investment in education," said Keidel, a former senior economist at the World Bank's Beijing office. … [Read more...] about Chinese economy in good position for future growth: US economist

“Everyone wants Boeing to succeed for the sake of the country and I understand that and I have it on my shoulders.” Oxford Economics last month projected that the MAX production shutdown could slash half a point off the US economy’s annual growth rate in the first quarter of 2020 due to slower investments and exports. … [Read more...] about Boeing hit to US economy a worry for Trump reelection bid

NEW DELHI: GAIL India Ltd, the country's largest gas utility, plans to invest over Rs 45,000 crore over the next five years to expand the National Gas Pipeline Grid and city gas distribution network to help push for greater use of environment-friendly fuel, its chairman Ashutosh Karnatak said. The gas pipelines are planned to take the fuel to the east and northeast regions as well as to consumers in the south as part of the government push to raise the share of natural gas in India's energy basket to 15 per cent by 2030 from the current 6.2 per cent, he said. GAIL's push for the creation of infrastructure is in line with Prime Minister Narendra Modi's vision of creating a gas-based economy that is less reliant on polluting fuels for meeting its energy needs. "Before we transition to zero-emission technologies (for both automobiles and factories) say by 2040/2050, natural gas is best suited for tapering emissions from current levels," he said. "Natural gas is 'happy fuel' as it has a … [Read more...] about GAIL to invest over Rs 45,000 cr to create infra for gas-based economy

He asked would his siblings have to grow up in a refugee camp. "I don't think it is fair and I shouldn't have to beg for a home... We are not asking for much. I'm just looking for a place to call home," he said. … [Read more...] about Satya Nadella on the biggest challenge world economy is facing