Indian economy to better than UK and France in 2018, says CEBR report

Indian economy to better than UK and France in 2018, says CEBR report

India looks set to leapfrog Britain and France next year to become the world’s fifth-largest economy in dollar terms, a report showed on Tuesday. The Centre for Economics and Business Research (CEBR) consultancy’s 2018 World Economic League Table painted an upbeat view of the global economy, boosted by cheap energy and technology prices. India’s ascent […]

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Indian economy and Artificial Intelligence: AI can provide $957 bn boost : Accenture

Indian economy and Artificial Intelligence: AI can provide $957 bn boost : Accenture

Global IT services and consulting major Accenture on Thursday said artificial intelligence (AI) has the potential to increase India’s annual growth rate of gross value added (GVA) by 1.3 percentage points, lifting the country’s income by 15% in 2035. A study titled ‘Rewire for Growth’ also estimates that AI could add $957 billion to the […]

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Moody’s has stable outlook on India Inc, barring telecos; pegs 6% pre-tax profit growth next year

Moody’s has stable outlook on India Inc, barring telecos; pegs 6% pre-tax profit growth next year

Global rating agency Moody’s today said it has a stable outlook for non-financial corporate in the country, except for telcos, on which it has a negative outlook for 2018. The agency also has stable outlooks for car-makers, and companies in the construction, cement, and textiles sectors, but a negative outlook on the real estate sector. […]

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US jobless claims decline for third straight week as labor market tightens

US jobless claims decline for third straight week as labor market tightens

The number of Americans filing for unemployment benefits unexpectedly fell last week, suggesting a rapid tightening of the labor market that bolsters expectations the Federal Reserve will raise interest rates next week. While another report on Thursday showed layoffs announced by U.S.-based employers rising to a seven-month high in November, the overall trend in job […]

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