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Natural disasters cost global economy over $227 billion till Q3 2022: Aon Cat Report

by AIP Online Bureau | Oct 19, 2022 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

Michal Lörinc, head of catastrophe insight in Aon’s Impact Forecasting team, said: “It is anticipated that there will be robust loss development across many of the reported natural catastrophes, especially with the realization of costs associated with recent tropical...

India set to become 3rd largest economy by 2029: SBI report

by AIP Online Bureau | Sep 3, 2022 | Eco/Invest/Demography, Indian News

India should surpass Germany in 2027 and most likely Japan by 2029 at the current rate of growth. This is a remarkable achievement by any standards, said the report, authored by Soumya Kanti Ghosh, Group Chief Economic Adviser, SBI. India’s GDP growth in Q1 FY23...
India overtakes Britain to become world’s fifth biggest economy

India overtakes Britain to become world’s fifth biggest economy

by AIP Online Bureau | Sep 3, 2022 | Eco/Invest/Demography, International News

The IMF’s own forecasts show India overtaking the UK in dollar terms on an annual basis this year, putting the Asian powerhouse behind just the US, China, Japan and Germany. A decade ago, India ranked 11th among the largest economies Britain has dropped behind India...
India’s monsoon rains cover entire country but still down on average

India’s monsoon rains cover entire country but still down on average

by AIP Online Bureau | Jul 2, 2022 | Eco/Invest/Demography, Indian News

India is likely to receive monsoon rainfall between 94% and 106% of the long-term average in July, the most crucial month for planting rice and a host of other summer crops such as corn, cotton, soybean and sugarcane, the India Meteorological Department had said on...
India would become USD 5-trillion economy by 2026-27: CEA

India would become USD 5-trillion economy by 2026-27: CEA

by AIP Online Bureau | Jun 14, 2022 | Eco/Invest/Demography, Indian News, Policy

”We are now USD 3.3 trillion, it is not such a difficult target to reach. Then if you simply assume 10 per cent nominal GDP growth in dollar terms, then you get to USD 10 trillion by 2033-34 and another doubling with the same rate, said Chief Economic Adviser...
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