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According to the Internet analyst company’s latest statement, the regional Internet audience grew at an average of 14 percent during the first half of the year to hit 319 million users.
India registered the strongest growth at 27 percent with over 28 million users, followed by China at 14 percent growth with over 102 million, said [...]

India’s days of more than nine per cent economic growth are over and the country has lost the opportunity to sustain those levels as well, believes global financial services major Citigroup.
“…the days of 9 per cent plus growth are over and we believe that India has lost the opportunity to sustain those levels [...]

The Indian IT industry, which has been clocking impressive growth rate in recent years, is likely to see a slow down in the next fiscal due to competition from China, the Philippines and Sri Lanka, industry body NASSCOM has said.
The growth rate might come down by six per cent due to the competition [...]

India’s exports grew 12.9 per cent in May from a year earlier to $13.78 billion, while the trade deficit widened to $10.77 billion as the pace of export growth slowed and oil costs surged, official data showed on Tuesday.
Data released by the Commerce and Industry Ministry showed imports rose by 27.1 per cent to [...]

Soaring food prices could reverse the significant growth in agricultural production seen in some of the poorest countries in Europe and Central Asia over the past 10 years, the Director-General of the United Nations Food and Agriculture Organization (FAO) said today.“In the past ten years, some of the poorest countries have posted the largest gains [...]

The United Nations Economic and Social Council (ECOSOC) will stage policy dialogues on development cooperation, the state of the world economy and its impact on the UN’s development agenda during its High-Level Segment next week.As part of the week’s events, the Development Cooperation Forum will bring together representatives from governments, the private sector, inter-governmental organizations [...]

Soaring inflation and high interest rates are expected to take a toll on the Indian economy, which is expected to witness a growth rate of 7.5 per cent this financial year against 9 per cent in 2007-08, according to Germany based Dresdner Bank.
“For this fiscal year, we now expect GDP growth of only 7.5 [...]

India has regained its position as the number one import source for Bangladesh, beating China, in the first nine months of the financial year ending June 30, official figures said.
This is mainly due to large-scale imports of rice and onion from India after Bangladesh faced a series of natural calamities last year.
[...]

Oil Prices rose to a record high levels close to $142 a barrel on Friday. Analysts have cited an inflow of investor funds as a factor behind the dramatic rise in prices.
“I predict probably prices of USD 150 to 170 this summer. It (the market) will probably fall a bit towards the [...]

Government said on Wednesday that the country’s economic growth outlook was “positive” despite a fresh round of monetary tightening by the central bank to tackle high inflation.
“These steps are necessary in the face of rising inflation due to relentless increase in crude oil prices,” the finance ministry statement said, adding the Reserve Bank [...]

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