US, India partners to explore semiconductor supply chain opportunities
The US Department of State is collaborating with India's Semiconductor Mission to enhance the global semiconductor ecosystem under the ITSI Fund, established by the CHIPS Act of 2022. This partnership aims to create a resilient and secure supply chain, benefiting both nations and contributing to global digital transformation....
Read More at:
Economic Times
India is better off inside trade deals than out
The World Bank's latest India Development Update suggests India reconsider its stance on plurilateral trade deals, particularly joining the Regional Comprehensive Economic Partnership (RCEP). The report argues that India's growth could benefit from increased participation in global value chains, despite concerns about Chinese competition and past reluctance to engage in such agreements.....
Read More at:
Economic Times
How effective education spending can reduce poverty and boost earnings
The returns to education are high in most countries. An additional year of schooling increases earnings by 10 percent a year. At the same time, education is one of the most powerful instruments for reducing poverty and inequality, as well as for laying the basis for sustained growth....
Read More at:
World Bank Blog
Centre's fiscal deficit narrows to 17.2% of FY25 target till July
The Indian central government's fiscal deficit in the first four months of the financial year reached 17.2% of the annual target, significantly lower than the previous year's 33.9%. Improved revenue collection and reduced expenditure have kept the government on track to meet its fiscal deficit goal of 4.9% of GDP for 2024-25.
Read More at:
Economic Times
Banking liquidity has declined to Rs 0.95 lakh cr from a peak of Rs 2.86 lakh cr: Union Bank report
Liquidity in the Indian banking system has fallen significantly this month, according to a Union Bank of India report. It has dropped from a peak of Rs 2.86 lakh crore to Rs 0.95 lakh crore by August 28. This decline continues despite government and RBI appeals for banks to boost liquidity....
Read More at:
Economic Times
India Q1 FY25 GDP Data Live Updates: Indian economy growth may likely moderate to 6-7% April-June quarter
India Q1 FY25 GDP Data Highlights: The Indian economic growth rate moderated to 6.7 per cent in the June quarter on lower consumer spending, lower than RBI's forecast of 7.1 per cent....
Read More at:
Live Mint
Global Trade Dims as Chips Boom Faces Risks: Bloomberg Tracker
Appetite for chips in August emerged as one bright spot in an otherwise increasingly gloomy outlook for world commerce — but even that sector faces headwinds.......