After overtaking Hong Kong’s stock market in December, India currently has the fourth largest in the world, and is now valued at over $4 trillion. Javier Ghersi | Moment | Getty Images India’s market capitalization can easily grow to $40 trillion in the next 20 years, driven by stronger investor confidence and robust economic growth, … Read more
Employees work at the headquarters of security system developer Staqu Technologies in Gurugram, India. Bloomberg | Bloomberg | Getty Images India is facing a youth unemployment problem as a decline in white-collar jobs in its information technology sector has left many fresh graduates and young people unemployed. In the October to December period last year, … Read more
Prabowo Subianto, Indonesia’s presidential candidate and defense minister, center, waves to supporters in Jakarta, Indonesia, on Wednesday, Feb. 14, 2024. Prabowo declared victory in Wednesday’s presidential vote, citing independent pollsters, putting him on course to lead Southeast Asia’s largest economy after two failed attempts. Bloomberg | Bloomberg | Getty Images JAKARTA — Indonesia’s Defense Minister … Read more
Federal Chancellor Olaf Scholz (SPD, r-l), Robert Habeck (Alliance 90/The Greens), Federal Minister for Economic Affairs and Climate Protection, and Christian Lindner (FDP), Federal Minister of Finance, follow the debate at the start of the budget week. Michael Kappeler | Picture Alliance | Getty Images Good news has been sparse for the German economy. And … Read more
A screen displays the Dow Jones Industrial Average after the closing bell on the floor at the New York Stock Exchange on Dec. 13, 2023. Brendan Mcdermid | Reuters The global economy is moving into a new “super cycle,” with artificial intelligence and decarbonization being driving factors, according to Peter Oppenheimer, the head of macro … Read more
Presidential candidates Anies Baswedan, Prabowo Subianto, and Ganjar Pranowo, along with their vice presidential candidates, are posing for photos after the first presidential candidate debate at the General Election Commission (KPU) office in Jakarta, Indonesia, on December 12, 2023. Indonesia is preparing to hold general elections for president and vice president for the 2024-2029 period … Read more
India’s GDP growth is expected to reach 6.4% in 2024, and will hit 7% in 2026, according to S&P Global. Kriangkrai Thitimakorn | Moment | Getty Images As China’s economy slows, the main engine of growth in Asia-Pacific will move away from the world’s second largest economy to South Asia and Southeast Asia, according to … Read more
After overtaking China to become the world’s most populous nation, India could also leapfrog its neighbor to also become the world’s second-largest economy by 2075. Peter Adams | Stone | Getty Images India has had some big moments this year and continues to take the world by storm as one of the fastest growing major … Read more
JPMorgan elevated its 2024 financial forecast for India — however solely marginally — saying the nation’s development can be affected by a slowdown in world development momentum. The funding financial institution raised its 2024 development forecast from 5% to five.5%. The revision follows the newest gross home product knowledge this week which confirmed the Indian … Read more