Current crisis has shaken global economic order: TharoorSeptember 24th, 2009 NEW DELHI - The current financial crisis has shaken the global economic order, Minister of State for External Affairs Shashi Tharoor said here Thursday. In a way, the current crisis has questioned the very assumptions underlying the global economic order as we have known it since the end of the Second World War, Tharoor said at an RIS-Japan Economic Foundation Symposium.
Crisis pushes US economy to 2nd in global competitiveness poll, Switzerland No.1September 8th, 2009 US economy loses top spot in poll to SwissGENEVA — The United States has lost its place as the world's most competitive economy, according to a survey released Tuesday, falling behind Switzerland mainly because of the financial crisis and accumulated fiscal deficits. The survey, which combines opinions of over 13,000 business executives with economic statistics and government regulations, put Switzerland in first place and dropped the U.S.
India Inc.'s confidence up, but rising costs a concernSeptember 5th, 2009 NEW DELHI - India Inc.'s confidence is up, though high interest rates and rising costs of raw materials and manpower have marred its capacity to do better, a survey released here Sunday said. According to the Federation of Indian Chambers of Commerce and Industry (FICCI), corporate India's confidence in the state of the economy, industry and firm-level performance is on the upswing.
Indian businesses plan fresh wave of investmentAugust 20th, 2009 NEW DELHI - Nearly 70 percent of Indian businesses believe that the country's economy would start recovering from the downturn by next year, with 50 percent of them planning fresh investment, according to an industry survey. The survey, conducted by global consultancy KPMG among 850 senior business managers from 22 countries, said Indian corporates were optimistic about an economic upturn and would start pumping money into their businesses again either this year or next year.
New survey shows optimism for global economy at its highest level in nearly 6 yearsAugust 19th, 2009 Survey: Optimism about global economy is growingNEW YORK — A new survey by Banc of America Securities-Merrill Lynch showed optimism among portfolio managers about the chances for global economic recovery rising to their highest level in nearly six years. Three-quarters of the 204 fund managers polled in the monthly survey said they believe the world economy will strengthen over the next 12 months, the highest reading since November 2003.
Economist: Midwest, Plains survey suggests economic improvement, but job losses persistJuly 1st, 2009 Economist: Midwest economy shows improvementOMAHA, Neb. — A survey of business leaders in nine Midwestern and Plains states suggests that the region's economy continues to show signs of improvement, but job losses persist.
India has borne global financial crisis well: PMJune 17th, 2009 ON BOARD AIR INDIA ONE - With the Indian economy showing signs of recovery, Prime Minister Manmohan Singh Wednesday said the country had borne the global downturn "well" and called for a new world economic architecture. "We live in times of rapid economic change when the BRIC economies are a factor of stability and growth," Manmohan Singh told journalists while returning from Russia.
Diamond-rich Namibia's economy to shrink by 0.6 percent; mining slows in world economic crisisJune 17th, 2009 Diamond-rich Namibia hit by global slumpWINDHOEK, Namibia — Namibia's central bank governor said Wednesday the diamond-rich southern African nation's economy will shrink by 0.6 percent in 2009 as mining slows in the global economic crisis. Diamond production will fall by 40 percent to 800,000 carat this year, Bank of Namibia governor Tom Alweendo said.
Pakistan's economy grew just two percent in 2008-09June 12th, 2009 ISLAMABAD - Pakistan's economy grew by a mere two percent in fiscal 2008-09 ending June 30 against 4.1 percent in the previous year, says the pre-budget economic survey. The agriculture sector, however, performed well, partly offsetting the slippages in other sectors, Dawn reported Friday.
Reforms to drive India's growth at 7.2 percent: AssochamJune 11th, 2009 NEW DELHI - The Indian economy is expected to grow by 7.2 percent in the current fiscal, primarily driven by improvements in consumer sentiment, rural economy, and policy reforms, said an industry survey released here Thursday. According to the survey, conducted by the Associated Chambers of Commerce and Industry of India (Assocham), about 42 percent of the respondents believe policy reforms would cast massive impact on the GDP (gross domestic product) growth.
Business outlook has improved for India Inc: CII surveyJune 8th, 2009 NEW DELHI - Despite signs of an improving economy, India Inc feels actual recovery will happen only after September, a survey by the Confederation of Indian Industry (CII) has found. According to the survey, conducted by the CII northern region, 96 percent of respondents believe a turnaround would happen only in the second half of 2009-10, thanks to the ongoing global slowdown
The survey found 72 percent of respondents expecting the economic growth to be in the range of 5-7 percent this fiscal.
Indian workers prefer meaningful jobs over income: SurveyMarch 4th, 2009 NEW DELHI - A majority of Indian workers are preferring meaningful jobs over income and status even when the job market is shrinking in the wake of the global financial crisis, a survey said Tuesday. About 62 percent of nearly 3,500 workers surveyed in the country said they will forego income or status to do something more meaningful, the survey by human resources solutions company Kelly Services said.
Chief ministers urge industry to help tackle economic crisisFebruary 11th, 2009 NEW DELHI - The chief ministers of Delhi, Madhya Pradesh and Jammu and Kashmir Thursday said the industry should play more 'proactive' role and join in the government's efforts to tackle the global economic slowdown, which could threaten millions of jobs in the country. Speaking at the 81st annual general meeting of the Federation of Indian Chambers of Commerce and Industry (FICCI) here, Delhi Chief Minister Sheila Dikshit said the industry should 'help the government's efforts to ensure that the current economic crisis did not lead to loss of employment in the country'.
Satyam an 'isolated' case in Indian corporate world: PranabJanuary 16th, 2009 KOLKATA - The Rs.70 billion (Rs.7,000-crore/$1.43 billion) Satyam Computer Services scam is an 'isolated' case in the corporate sector of India, External Affairs Minister Pranab Mukherjee said here Saturday. 'The Satyam scam has undoubtedly impacted our securities market.
Indians most optimistic about economy: SurveyJanuary 12th, 2009 NEW DELHI - Amid a worldwide economic downturn, Indians have emerged as the most optimistic lot as people who think that their country will climb out of recession in the next 12 months, a survey said. 'Despite the global economic recession, about 51 percent Indians, the highest in the world, seem to be quite confident of the economy picking up in the near future,' said Sonia Pall, Executive Director in Consumer Research at The Nielsen Company, which conducted the survey.
Loading ...