NEW DELHI - Optimism that sunny growth figures herald an economic revival in India is probably misplaced - in fact there is little hard evidence to support the idea that Asia's third-largest economy is heading for a broader and sustained rebound anytime soon.
Recent Business News
MUMBAI - India's fiscal deficit and inflation outlook could prevent any upgrades in the country's sovereign rating, even as the economy is headed for recovery, Moody's Investors Service said on Wednesday.
TOKYO - Upbeat Chinese services activity reports helped lift Asian shares on Wednesday, while the dollar was close to 14-month highs against a basket of major currencies after data underscored that the U.S. economy continues to gather gradual momentum.
100 days of Modi: Good for business, not so good for marginalised groups. Full Article