Featured News | 2011

With rapid increase in domestic demand for milk and milk-based products, the dairy industry in India is likely to reach about Rs 5 lakh crore by 2015, industry body-Associated Chambers of Commerce and Industry of India (Assocham) said today. Milk production is likely to reach about 190 million tonne in 2015 from current level of about 123 million tonne, according to a study conducted by Assocham. More >
November 18,2011

None of the world's major economies will escape a slowdown, the Organization for Economic Co-operation and Development said on Monday, highlighting increasing signs that growth momentum is dwindling across the board. More >
November 14,2011

The giant emerging economies of Asia and Latin America could stake a historic claim to global economic power if they arrive at the G20 summit in Cannes with offers of aid for hobbled Europe. More >
October 31,2011

It’s not just the finance minister who recently voiced his concerns about the growth picture. The RBI too in its macro economic review today said risks to growth is becoming visible. But not all is bleak. A new E&Y report says by 2013 India will grow faster than China. More >
October 24,2011

Near-term risks to Asia's economies are "decidedly" rising due to Europe's debt woes and a U.S. slowdown, requiring policymakers to be nimble and prepared to rapidly reverse course, the International Monetary Fund said on Thursday. More >
October 13,2011

The Indian economy will achieve near 8 percent growth in the current financial year despite the global slowdown, while lowering inflation remains a challenge in the short term, Prime Minister Manmohan Singh said in a statement on Tuesday. "Despite the global slowdown, we will still achieve a growth rate of close to 8 percent this year," the statement said. More >
October 11,2011

The world's major economies are heading for a "massive jobs shortfall" by the end of next year if governments do not change policy tack, the International Labour Organization (ILO) said in a study published on Monday. More >
September 26,2011

Group of 20 finance chiefs pledged to address rising risks to the global economy and pushed Europe to contain its sovereign debt crisis after concern the world is on the brink of another recession sent stocks tumbling. More >
September 23,2011

The International Monetary Fund (IMF) on Tuesday said it was trimming its forecasts of economic growth for India, China and other Asian developing economies due partly to slower growth in the rest of the world. Asian "growth remains strong, although it is moderating with emerging capacity constraints and weaker external demand," the IMF said in its latest World Economic Outlook. More >
September 20,2011

World stocks snapped a four-day rally on Monday, while the euro and oil prices dropped on concern Greece may default on its debt and trigger economic fallout that would cascade throughout the euro zone and possibly beyond. But U.S. More >
September 20,2011