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Global economic instability will affect tech sector
The technical definition of a recession involves a fall in gross domestic product (GDP) over two consecutive quarters and many US business leaders are now predicting recession, seemingly due to the sharp decline in equity prices. The fact is, if business leaders really believe a recession is imminent, perhaps they will cut back on investment spending in a way that suppresses overall economic activity. Psychology matters.
Elon Musk is even more pessimistic than most economists and Wall Street experts. The Tesla CEO said in a May 16 Twitter post the U.S. is probably already in a recession that will last anywhere from 12-to-18 months. There is fear of a recession growing, macroeconomic factors "will affect the tech sector," said Alphabet and Google CEO Sundar Pichai. Google and other major tech players in the U.S. have continued to grow, due to COVID-19 pandemic. However, supply chain disruptions have cast a shadow over their business and their stock prices have dropped sharply since the start of the year owing to the Russia-Ukraine war, China lockdowns, high inflation and interest rate hikes, resulting in Big Tech stocks nose-diving. Alphabet's stocks are down by 22 per cent this year, as tech companies are battered by the worldwide slump in the markets. "Google definitely sees uncertainty ahead, like everyone else," Pichai was quoted as saying earlier this month. Snap, the parent company of Snapchat, is also slowing down on hiring this year. Pichai also pointed to the Russian invasion of Ukraine and monetary tightening by central banks around the world as concerns. "Economies tend to have cycles, and the tech industry tends to have more volatile cycles," he said, noting that the industry was bound to be affected somewhat by political and economic instability.
As business conditions worsen, Netflix has announced layoffs and Facebook parent Meta revealed plans to curb investment. Another concern is the acceleratingBy VARINDIA | 158 views
India’s GDP can grow to $40 trillion if working-age population gets employment says CII
India’s Gross Domestic Product (GDP) can grow from the current $3 trillion to $9 trillion by 2030, and $40 trillion by 2047, if the country’s working-age population — which is expected to increase by over 100 million people between 2020-30, is productively employed, according to a report by the Confederation of Indian Industry (CII). The report also cautioned that if India does not create enough jobs and its workers are not adequately prepared for those jobs, its demographic dividend may turn into a liability. This, it added, can be done on a sustained basis only with changes in its policy frameworks for education and workforce management. Since the job market is biased towards high-skill labour, the creation of jobs for low-skill labour, who would continue to dominate its workforce, will challenge India, it said. In 2020, there were about 900 million people (67% of total population) in the working age group of 15-64 in India, which is expected to expand by another 100 million by 2030, despite a declining trend in fertility rate. This implies that a whopping 24.3% of the incremental global workforce over the next decade will come from India, the report states. “The golden period of 30 years between 2020-50 where our working age population will bulge can be an important horizontal enabler to bolster growth, even as the developed world including China ages,” the report says. Whereas the experts say, India may well surpass the government’s target of $5 trillion GDP by 2025 with a marginal delay.
As part of the ongoing multi-decadal growth super-cycle, India is expected to add a trillion dollar to nominal GDP every few years despite the damaging effects of the Covid-19 pandemic, demonetization and the IL&FS crisis that had shaved off Rs 8.48 trillion in investor wealth crisis over the past four years. This is a trend no investor wants to lose out on,” Experts say. Over the years, India has experienced rising literacy rates, but the level of vocational trainBy VARINDIA | 111 views
Household Debt may have declined to 34% in Q1 FY22: SBI Report
#Aadhaar #PANcard #Swiggy
The household debt as a percentage of gross domestic product may have declined to 34% in the first quarter of 2021-22 with the commensurate rise in GDP in the first quarter, though it has increased in absolute terms, the household debt has increased to Rs 75 lakh crore in the first quarter of FY22 from Rs 73.59 lakh crore in FY21, a report of State Bank of India's Research says. The COVID-19 pandemic has resulted in a spike in household debt to the GDP rate. As per the report, it rose sharply to 37.3 percent in 2020-21 from 32.5 percent in 2019-20.
The good thing is that in rural India, the share of outstanding cash debt from non-institutional credit agencies has declined significantly to 34% in 2018 from 44%in 2012. Notably, almost all states have registered a steep decline in non-institutional credit in rural areas, indicating the increase in formalisation of the economy. The share of non-institutional credit has declined significantly in the case of Bihar, West Bengal, Rajasthan, Haryana and Gujarat. In Haryana and Rajasthan, which witnessed loan waiver schemes, the share of non-institutional credit declined contrary to popular perception, it said. This could be explained by a significant increase in penetration of KCC (Kisan Credit Cards) in these two states. The number of KCC cards has jumped by 5 times over the 7 year period ended 2020. The report believes that the recent reforms in agriculture could further help in the formalisation of the economy, despite the political cacophony.
Today's Headline in NewsHours
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2:12 Linking of #Aadhaar with #PANcard has been extended till March 31, 2022
2:53 Food delivery apps like #Swiggy, #Zomato to charge 5% GST on deliveries
3:27 #Vodafone, #Birla to infuse equity in #VodafoneIdea
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4:40 #MSI revamps #Alpha15gaminglaptop with #AMDRyzen50By VARINDIA | 155 views
What is Gdp telugu | GDP తగ్గితే ఏంటి ?
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Watch What is Gdp telugu | GDP తగ్గితే ఏంటి ? With HD QualityBy Telugu TechTuts | 364 views
CAA is domestic affair of India_ Russia
New Delhi: While talking on the ongoing CAA protests across the country, Roman Babushkin, Russian Deputy Chief of Mission said, "CAA is domestic affair of India". Further talking about the China raising Kashmir issue at international level, he said, "Russia's position is very clear.
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India's GDP growth slips further to 4.5% in Q2FY20: Is the recovery in sight? | Economic Times
India's second quarter GDP growth slowed sharply to 4.5 per cent, the weakest pace in more than six years, as manufacturing output hit a slump and consumer demand as well as private investment weakened. The GDP expansion rate moderated from 5 per cent recorded in April-June 2019 and is much weaker than the 7 per cent growth registered in July-September 2018, according to official data released Friday. The major factor in the GDP fall was manufacturing contracting by 1 per cent. A separate data showed core infrastructure industries' output declining 5.8 per cent in October, the biggest contraction since at least 2005. ET's Opinion Editor TK Arun shares his views on Q2 GDP data. (Text: PTI)
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Watch India's GDP growth slips further to 4.5% in Q2FY20: Is the recovery in sight? | Economic Times With HD QualityBy The Economic Times | 306 views
India's economic growth falls to 4.5% in July-September from 7% year ago
India's gross domestic product (GDP) growth for the three months ending September 2019 (Q2FY20) fell to 4.5%, down from 5.0% in the previous three months and 7% for the corresponding period of 2018 as consumer spending and private investment weakened further and a global slowdown impacted exports growth. This was the lowest reading since 4.3% recorded for the January-March quarter of 2013. With this reading, India's economic growth fell for the sixth straight quarter.
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Watch India's economic growth falls to 4.5% in July-September from 7% year ago With HD QualityBy The Economic Times | 263 views
देश की GDP गिर रही है लेकिन PM को है फिट इंडिया की फिक्र- दिग्विजय सिंह
मध्य प्रदेश के पूर्व मुख्यमंत्री दिग्विजय सिंह( Digvijay Singh) ने एक बार फिर मोदी सरकार (Modi Government) पर जमकर हमला बोला है. दिग्विजय सिंह ने कहा है कि GDP गिर रही है, लेकिन पीएम नरेंद्र मोदी (PM Narendra Modi) को फिट इंडिया की फिक्र है. इसके साथ-साथ दिग्विजय सिंह ने आर्टिकल 370 के मामले में भी मोदी सरकार को जमकर घेरा.
आपको यह वीडियो कैसा लगा। हमें अपनी प्रतिक्रियाएं व सुझाव के लिए कमेंट बॉक्स में लिखें। Newsroompost पर अपडेट वीडियोज के लिए बेल आइकन पर क्लिक करें और हमारे चैनल को सब्सक्राइब करें।
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Watch देश की GDP गिर रही है लेकिन PM को है फिट इंडिया की फिक्र- दिग्विजय सिंह With HD QualityBy NewsRoom Post | 1308 views
Giriraj Singh के पास है GDP सुधारने के नए तरीके...जनसंख्या नियंत्रण पर भी दिया अहम सुझाव !
#GirirajSingh #GDP #BharatiyaJanataParty
Watch Giriraj Singh के पास है GDP सुधारने के नए तरीके...जनसंख्या नियंत्रण पर भी दिया अहम सुझाव ! With HD QualityBy Navtej TV | 1094 views
जानें Modi सरकार में क्यों गिरी India की GDP? || GDP गिरकर 5% हुई || GDP 2019
India's GDP or gross domestic product grew 5 per cent in the quarter ended June 30, government data showed on Friday, marking the slowest pace of expansion recorded since March 2013. The country's GDP growth was sharply lower than economists' estimates. Economists in a poll by news agency Reuters had expected the GDP growth at 5.7 per cent in the first quarter of the current financial year. #GDPData #EconomyGoneBJPmaun #GDP
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Black money stashed abroad estimated at USD 216-490 bn: Studies
Unaccounted wealth outside the country held by Indians was estimated in the range of USD 216.48 billion to USD 490 billion over various periods between 1980 and 2010, according to three separate studies conducted by three premier institutes -- NIPFP, NCAER and NIFM.
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Watch Black money stashed abroad estimated at USD 216-490 bn: Studies With HD QualityBy The Economic Times | 3707 views
Key takeaways from GDP Q2 numbers
GDP Q2 numbers are out. What do they say about the much hyped India's growth story? Mythili Bhusnurmath, Consulting Editor, ET Now explains.
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जानिए लगातार GDP में आ रही गिरावट का आखिर ज़िम्मेदार है कौन और क्यों? | व्हीसिलब्लोवर न्यूज़ इंडिया
जानिए लगातार GDP में आ रही गिरावट का आखिर ज़िम्मेदार है कौन और क्यों? | व्हीसिलब्लोवर न्यूज़ इंडिया
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GST Council Meeting: क्या सस्ता-क्या महंगा हुआ?,Nirmala Sitharaman ने कर दिया बड़ा एलान! | Modi Govt
सोमवार को वित्त मंत्री निर्मला सीतारमण के अध्यक्षता में GST काउंसिल की अहम बैठक का आयोजन किया गया.. इस बैठक में मुख्य रूप से दो मुद्दों पर चर्चा होनी थीं…. हेल्थ इंश्योरेंस पर जीएसटी की दरें कम करने, और 2000 रुपये से कम के ऑनलाइन (डेबिट और क्रेडिट कार्ड से) ट्रांजेक्शन पर 18% जीएसटी लगाने का मामला था…. फिलहाल इंश्योरेंस प्रीमियम सस्ता होने नहीं जा रहा है, क्योंकि इस मसले पर अंतिम फैसला अगली बैठक तक के लिए टाल दिया गया है…
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GST Council Meeting: क्या सस्ता-क्या महंगा हुआ?,Nirmala Sitharaman ने कर दिया बड़ा एलान! | Modi GovtBy PunjabKesari TV | 893 views
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India observes Independence Day with patriotic fervour
Prime Minister Narendra Modi
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India observes Independence Day with patriotic fervourBy PMOfficeIndia | 256194 views
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Mr Bhupesh Baghel, CM, Chhattisgarh at #FICCIAGM
Mr Bhupesh Baghel, CM, Chhattisgarh in conversation with Dr Jyotsna Suri, Past President, FICCI at #FICCIAGM.
#FICCI #IndianEconomy #Economy #India
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Address by Sh. Rajeev Gupta, Secretary, Youth Affairs at "International Yoga Seminar"
Address by Shri. Rajeev Gupta, Secretary, Youth Affairs, Ministry of Youth Affairs & Sports, at the "International Yoga Seminar" organized by "Shri Ram Chandra Mission" in April, 2016
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