GDP

"Overall, the economic environment for risk assets is deteriorating. Stagnating global industrial production, persistent cost pressures, and rising financing costs all suggest a prolonged period of low risk appetite," Credit Suisse said.

The review noted that as external pressures will diminish, inflationary pressures are expected to wear down. India's GDP growth was 13.5 per cent in the first quarter of the current fiscal. "Increase in private consumption and higher capacity utilisation in the current year has further reinvigorated the capex cycle to take the investment rate in the first quarter of 2022-23 to one of its highest levels in the last decade," it said.

The gross value added (GVA) at basic price in Q1FY23 is projected at 12.6 per cent from 3.9 per cent earlier. ICRA expects the sectoral growth in Q1 FY2023 to be driven by the services sector (+17-19 per cent; +5.5 per cent in Q4 FY2022), followed by the industry (+9-11 per cent; +1.3 per cent).

This figure is lower when compared to the GERD of many other countries, including Israel, South Korea, the US, Japan and Germany, among others. This is significant as Prime Minister Narendra Modi on his Independence Day speech called for push into research and innovation. While addressing the nation, Modi added 'Jai Anusandhan' (research, innovation) to the 'Jai Jawan, Jai Kisan, and Jai Vigyan' slogan used by political leaders.

The gross domestic product (GDP) fell by 0.1 per cent during the second quarter, dpa news agency quoted the Office for National Statistics (ONS) as saying. It is a big step down from the first quarter of the year, when GDP rose 0.8 per cent. The service sector was particularly badly hit, falling by 0.4 per cent over the quarter, ONS experts said.

Early trends for July indicate data holding across sectors with mobility (ex-residential) fairly steady and unemployment levels lower than in the previous month. Credit growth continues to rise -- it has reached its highest level since April 2019.

Gross domestic product (GDP) fell by 2.6 per cent in the three months to the end of June from the previous quarter, BBC reported. Major cities across China, including the major financial and manufacturing centre Shanghai, were put into full or partial lockdowns during this period. This comes as the country continues to pursue its "zero-Covid" policy, BBC reported.

In a research report, Kotak Securities said with risks of global slowdown and correction in global commodity prices, exports could soften further while imports hold on implying risks of a wider trade deficit. According to the report, exports in June increased by 16.8 per cent to $37.9 billion (May: $38.9 billion) while declining by 2.6 per cent month-on-month.

According to the government agency's latest prognosis on Tuesday, economic growth is projected to slow to 1.9 per cent this year and 1.2 per cent in 2023. This is considerably below the 3.3 per cent and 2.1 per cent gross domestic product growth figures the same agency forecast this March. Back then, the agency still expected an economic boom, albeit moderate, to start towards the end of the year, Xinhua news agency reported.

Organisations face mounting pressures to improve and document their ESG performance. Because the initial steps to a sustainable transformation can be daunting to firms that have not attempted anything similar in the past, sustainability-linked consulting spending has become a high priority, according to the IDC forecast. "In 2022, all enterprises are being pushed to transform and fundamentally change the way they do business to become sustainable enterprises,".