INDIA'S GROWING GLOBAL ECONOMIC ASCENDANCE: CONTINUED POLICY STABILITY IS NEEDED
- Credit Rating Agency in India
- Economy Overview
- INDIA'S GROWING GLOBAL ECONOMIC ASCENDANCE: CONTINUED POLICY STABILITY IS NEEDED
The US 10-year Treasury note yield has firmed up to 4.57 per cent (29 May’24) and the 2-year note reached almost 5 per cent (28 May’24). The labour costs in the United States increased to 121.23 points in the first quarter of 2024 from 119.86 points in the fourth quarter of 2023. Compensation costs increased 1.2 per cent for civilian workers, seasonally adjusted, from December 2023 to March 2024. Over the year, total compensation rose 4.2 per cent, wages and salaries rose 4.4 per cent, and benefit costs rose 3.7 per cent.