global economy

Except for PSU bank, all sectoral indices at the National Stock Exchange were in the positive zone with Nifty metal and auto up by 1.7 per cent each, private bank by 1.5 per cent and pharma by 0.7 per cent.

The Shanghai Composite was up about 1.5 per cent, Hong Kong's Hang Seng index added 0.68 per cent and South Korea's Kospi was up 1.9 per cent. However, the Nikkei 225 in Japan was flat.

IMF Chief Economist Gita Gopinath said in a blogpost that the biggest contributor to the revision of global economic growth was India, where growth slowed sharply owing to stress in the non-banking financial sector and weak rural income growth.

The first-of-its-kind program aims at sharpening the skills of CA final rank holders in terms of managerial and leadership abilities. The program is designed keeping in mind the importance of managerial skills in today's global economy.

As the global economy continues to weaken, Indian economy is likely to grow at 7.3% in calendar years 2019 and 2020, the US-based rating agency Moody's said on Friday.