Emerging Economies

There is a trend towards a more diverse, multipolar world but older, industrialised economies have not gone away and remain prime investment targets, External Affairs Minister S Jaishankar said on Sunday. Speaking at the silver jubilee celebrations of the Aditya Birla Group's Scholarships programme in Mumbai, Jaishankar said while a lot of countries are nervous about the US -- following the return of Donald Trump as President -- India is not one among them. "Yes, there is a shift. We are ourselves an example of the shift... if you look at our economic weight, you look at our economic ranking, you look at even Indian corporates, their reach, their presence, Indian professionals, which I spoke about. So no question there is a rebalancing," Jaishankar said in response to a question on the reset in the global power dynamic that was playing out amid the shift in the balance of power from the west to the east. "And to my mind, it was inevitable," he said, adding, "because once these ...

Its numbers trail those of several developing countries like Indonesia and Brazil

More than 20 ministers and CEOs from various countries including India on Wednesday joined a World Economic Forum alliance to unlock an estimated USD 2.2-2.8 trillion needed for the Global South's clean energy transition. Announcing the launch of the alliance at its Annual Meeting 2024, the WEF said it will provide a platform for developing economies to raise awareness about their clean energy needs, share best practices and sustainably accelerate their energy transitions. The Network to Mobilize Clean Energy Investment for the Global South is made up of over 20 CEOs and government ministers, including from across Colombia, Egypt, India, Japan, Malaysia, Morocco, Namibia, Nigeria, Norway, Kenya and South Africa. The Forum also released a new report, Building Trust through an Equitable and Inclusive Energy Transition, that outlines a framework to guide policy-makers and business leaders from the energy sector towards a just, equitable and inclusive energy transition, particularly in

Most economies are growing in ways that are neither sustainable nor inclusive and are limited in their ability to absorb or generate innovation and minimise their contribution and susceptibility to global shocks, a new report said on Wednesday. The Future of Growth Report released here by the World Economic Forum Annual Meeting 2024 called for a new approach to economic growth that balances efficiency with long-term sustainability and equity, examining speed and quality together. High-income economies score high on innovation and inclusion, while lower-income economies on sustainability, said the report that took a holistic look at GDP alongside the quality of growth across 107 economies. Among the lower middle income economies, India and Kenya scored high on sustainability, Jordan on innovativeness; Vietnam on inclusiveness; and the Philippines on resilience. Common challenges preventing a stronger balanced growth performance of this group included technology absorption, lack of .

South African investment platform Satrix on Tuesday lauded the Indian equity market for exceptional growth while other emerging economies have been struggling. It has been four stellar years of growth for the Indian equity market despite a global pandemic and various regional instabilities plaguing other emerging economies during this time, Satrix said in a statement. One of the company's products is the Satrix MSCI India Exchange Traded Fund (ETF), which holds 131 large and mid-cap Indian companies representing close to 85 per cent of the Indian stock market. Satrix said this gives investors diversified access to one of the world's fastest-growing emerging market economies. The ten largest companies in which the ETF is invested are in the Financial and Technology sectors -- Reliance Industries, ICICI Bank, Infosys, HDFC Bank, Tata Consultancy Services, Axis Bank, Bharti Airtel, and Bajaj Finance. Others in the top ten are industrial giant Larsen and Toubro and consumer goods ...

Growth of Asian emerging and developing economies will still be a credit strength for many governments in the region, S&P Global Ratings has said, as it expects to retain credit ratings of APAC economies over the next one to two years. Out of the 21 countries, to which S&P gives a sovereign rating in the Asia-Pacific (APAC) region, 19 have a stable outlook. The US-based agency has a 'BBB-' rating on India, with a stable outlook. In its report 'Asia-Pacific Sovereign Rating Trends 2024', S&P said most sovereign ratings in Asia-Pacific are investment grade with the average rating in the region lying between 'BBB' and 'BBB+'. A deterioration in the Russia-Ukraine war or the conflict in the Middle East likely poses the most risk to stable sovereign outlooks in Asia-Pacific, S&P said. The stable outlooks on practically all long-term foreign-currency sovereign ratings in the region (19 out of 21 ratings in Asia-Pacific) suggest there will be few, if any, changes in the next .

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India's economy is expected to expand 6.3% this fiscal year, the fastest-growing major economy in the world. But the rupee is not reflecting that optimism.

Moving up from 6% to 8% growth is possible but the country needs to reset its priorities for that, writes Amarjeet Sinha

Restructuring efforts for defaulted countries could reach a breakthrough before year-end as talks continue, while the finances of nations like Pakistan and Egypt will also be under scrutiny

Index providers are 'increasingly tilted' to include India to fill the gap expected due to Russia's exclusion from JP Morgan's emerging market bond index

India is expected to become one of the world's major electric vehicle markets by 2030, growing at a 49 per cent compound annual growth rate (CAGR) between 2021 and 2030

Emerging economies must take stronger action to address risk mispricing, a problem at the heart of financing economic transformation

Michael Patra, in a speech delivered at the Sixth Asia KLEMS Conference on Sunday, said it is widely believed that structural slowdown has been spreading across the global economy after growth peaked

She was speaking with the members of the Indian diaspora in Seoul, South Korea, on the sidelines of the annual meeting of the Asian Development Bank

"A company like ours can help the Indian government in replicating its digital public goods in other emerging economies"

Asia's third-largest economy, which expanded 6.3% in the July-September quarter, is estimated to grow 6.8-7% in the current 2022/23 fiscal year

India's initiatives in digital public infrastructure such as Aadhaar, unique payment infrastructure and direct benefit transfer have been lauded at the G20 Sherpa meeting here, with several members stressing on the "need to replicate the model" in other developing countries, G20 Sherpa Amitabh Kant said. In an interview with PTI, Kant said he also highlighted the digital initiatives taken in the healthcare sector such as the Cowin app for implementing the Covid vaccination drive and Ayushman Bharat scheme that has extended health insurance cover to 500 million people at the first meeting of Sherpa under India's G20 presidency. "So, there was a lot of interest and a lot of appreciation for what India has done. Everybody said that this model needs to be replicated. I think that is one story which will definitely take forward in a big way in the subsequent rounds, he said. With the Ukraine conflict festering on, Kant said all countries were appreciative of Prime Minister Narendra Modi'

Buch calls for independence of emerging economies in ESG matters, carbon credit pricing

Asks these economies to reinstate swap lines with advanced economy central banks