Tag Archives: Economy & Policy

U.S. loses 80,000 Jobs, Unemployment Rate Jumps to 5.1 Percent

The U.S. economy shed 80,000 jobs in March 2008, the U.S. Labor Department announced Friday — the unemployment rate rose to the highest level since September 2005, pointing to an economy that may already be in a recession.

The unemployment rate rose from 4.8 to 5.1 percent in March according to the Department of Labor reports.

India’s GDP growth to slow down to 8%, Asian Development Bank outlook

Growth of Asia’s developing economies will slow in 2008 to the weakest level in five years, but it need to tackle inflationary pressures ,the Asian Development Bank said Wednesday in its annual economic outlook.

ADB annual economic outlook projected Indian economic growth to moderate 8 % this fiscal from 8.7 % in 2007-08 and economy will rebound to 8.5 % growth rate during 2009-10.

Indian entertainment industry to grow 16.7 per cent a year

Indian entertainment and media (E&M) industry will touch $27 billion by 2011 at an annual growth rate of 16.7 %.

According to the report by Federation of Indian Chambers of Commerce and Industry of India (FICCI) and PricewaterhouseCoopers (PWC) Indian Entertainment industry will grow faster than its counterparts in Brazil, Russia and China (BRIC countries)