A ramp-up in COVID-19 vaccination, healthy advance estimates of kharif (summer) crop and faster government spending were the factors which led to the revision, the agency said in a statement. Ratings agency ICRA on Monday revised up its 2021-22 real GDP growth estimate for India to 9 per cent from the earlier 8.5 per cent. […]
A Guide to Assessing the Political Economy of Domestic Climate Change Governance
Despite clear scientific evidence that swift and ambitious climate action is necessary at the national level, many countries, particularly those with high emissions and GDP, are failing to implement policies to curb their climate impact. Even with high incomes, access to technology, policy expertise, and capacity to adapt these countries face a massive roadblock to […]
A Green Recovery Starts with Cities
National governments face an enormous triple challenge right now: recovering from COVID-19, creating sustainable and inclusive development, and addressing the climate crisis. New research shows that focusing on cities is key to overcoming these challenges while generating considerable economic, social and environmental benefits. A report by the Coalition for Urban Transitions, Seizing the Urban Opportunity, […]
Global debt to hit record $277 trln by year-end on pandemic spending splurge:IIF
Developed markets’ overall debt jumped to 432% of GDP in the third quarter, from a ratio of about 380% at the end of 2019. Emerging market debt-to-GDP hit nearly 250% in the third quarter, with China reaching 335%, and for the year the ratio is expected to reach about 365% of global GDP. NEW YORK: […]
Moody’s reviews India’s negative rating, upgrade unlikely in near term
“The negative outlook reflects increasing risks that economic growth will remain significantly lower than in the past,” it said in research as part of its regular update. Hong Kong: Moody’s Investors Service said on Friday that an upgrade of its India’s rating at Baa2 negative is unlikely in the near term due to economic shock […]