Economy of Asia: GK, Current Affairs, Questions, Trivia and News

Major global cities to slow down according to research

New research studies have predicted that the growth in major cities around the world will slow down in 2020 and 2021. The Oxford economic researchers reported that out of 10 major cities across the world, 9 will slow down. Of the top 900 cities across the world, nearly two thirds is expected to experience slower ..

India decides not to join Regional Comprehensive Economic Partnership deal

During the Regional Comprehensive Economic Partnership (RCEP) summit in Bangkok, India has decided not to join the RCEP deal as negotiations failed to address New Delhi’s outstanding issues and concerns. The summit included China, Japan, Australia, New Zealand, South Korea, and the 10-nation ASEAN grouping. The RCEP negotiations were meant to create the world’s biggest ..

Why the Economic Slowdown is taking place?

The release of the first-quarter data for the financial year 2020 came as a rude surprise to economists and policy planners in the country. Due to a fall in private consumption growth and investment rate, GDP growth has fallen to barely 5% while Nominal GDP growth has reduced to 8%. This fall in GDP has ..

Cambodia venue of 7th RCEP Inter-Sessional Ministerial Meeting

The 7th Regional Comprehensive Economic Partnership Intersessional Ministerial Meeting (7th RCEP ISSL MM) will be held in Siem Reap, Cambodia on 2nd March 2019. The aim of the 16-member RCEP is to cover issues related to goods, services, investments, economic and technical cooperation, competition and intellectual property rights. From India, Union Minister of Commerce & ..

CR Chaudhary led Indian delegation at 6th RCEP Inter-sessional Ministerial Meeting

The 6th RCEP Inter-sessional Ministerial Meeting (IMM) was held in Singapore on 12-13 October, 2018. The Ministers from 16 RCEP countries discussed modern, comprehensive and mutually beneficial economic partnership agreement among ASEAN and ASEAN’s FTA partners. The Indian delegation was led by CR Chaudhary, the Minister of State for Commerce & Industry and Consumer Affairs, ..

As per report titled “2018 World Economic League Table”, India to become 5th largest economy in 2018

As per recently released report ” 2018 World Economic League Table”, India will overtake the United Kingdom and France in 2018 to become the world’s fifth-largest economy in terms of the United States dollar. The report was published by the Centre for Economics and Business Research (CEBR), an economics consultancy based in Britain. The report ..

India hosted 19th RCEP Trade Negotiating Committee (TNC) meeting

The 19th round of the Regional Comprehensive Economic Partnership (RCEP) Trade Negotiating Committee (TNC) meetings and other related meetings were held from 17 to 28 July 2017 in Hyderabad, India. RCEP is a proposed comprehensive regional economic integration agreement amongst the 10-ASEAN countries (Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam) ..

Asian Development Bank: India’s growth projection at 7.0%

Asian Development Bank has lowered its growth forecast for Indian economy to 7.0% as an aftermath of demonetization. This is much slower than projected earlier. 45 countries which fall under the “Developing Asia” are now expected to expand 5.6 percent this year as against 5.7 percent expected earlier. The primary reasons for ADB to trim ..