Economy

January 13, 2025 1:36 PM

Govt expenditure on big infra projects to drive growth in 2025-26: report

The Centre’s capital expenditure on big-ticket infrastructure projects such as highways, railways, power development, and investments in critical sectors like defence is expected to propel India’s economic growth in the financial year 2025-26 and beyond, according to a report by financial services firm Prabhudas Lilladher (PL). “We are already witnessing an uptick in momentum in railways, defence, power, data centres, etc., the execution of which will accelerate growth in FY26 and beyond,...

January 10, 2025 12:24 PM

India retains title of world’s fastest-growing large economy with growth projected at 6.6%: UN

India would again be the fastest growing large economy in the world with a projected annual growth rate of 6.6 per cent, according to Hamid Rashid, the UN head of Global Economic Monitoring. He was speaking at the release of the UN's flagship report- ‘World Economic Situation and Prospects 2025, (WESP)’ on Thursday, which projected the gross domestic product (GDP) to grow slightly faster at 6.8 per cent next year. WESP said that India's economy would be bolstered by "strong export growth in...

January 3, 2025 5:40 PM

India’s Economic Surge: A Decade of Transformation

India has undergone significant policy changes since 2014, emerging as a credible alternative for global businesses to establish operations. With the world seeking a manufacturing base beyond China, India has become a preferred destination thanks to reforms introduced over the past decade. These policy measures are reflected in the country’s positive economic indicators. Since 2015, India has implemented significant changes in its gross domestic product (GDP), manufacturing expansion, market ...

November 25, 2024 11:29 AM

India’s economic growth expected to accelerate in Oct-Dec quarter: Report

India's economy is projected to grow at a faster pace in the third quarter of the current financial year (October-December 2024) compared to the first half (April-September 2024) as positive indicators are emerging with economic activity picking up pace, according to a report by ICRA. The report states that the preliminary data for November indicates a positive trend. The growth in electricity demand has picked up, while festive season demand continues to drive an increase in vehicle registrati...

November 18, 2024 4:39 PM

India rated fastest growing G20 economy with GDP growth projected at 7% for 2024

India is projected to be the fastest growing economy among the G20 countries with a 7% GDP growth rate for 2024, followed by Indonesia in the second spot with 5% while China is ranked third with an economic growth rate of 4.8%. "India takes the lead in the G20 with an impressive 7% GDP growth rate projected for 2024! This achievement highlights India's robust economy, showcasing its resilience and fast-paced growth amidst global challenges," a MyGov post on X said after the rankings were releas...

October 18, 2024 3:19 PM

China’s Q3 GDP hits weakest pace since early 2023, backs calls for more stimulus

China's economy grew at the slowest pace since early 2023 in the third quarter, and though consumption and factory output figures beat forecasts last month a tumbling property sector remains a major challenge for Beijing as it races to revitalise growth. Authorities have sharply ramped up policy stimulus since late September, but markets are waiting for more details on the size of the package and a clearer road map to put the economy back on a solid longer-term footing. The world's second-larg...

September 24, 2024 3:55 PM

S&P retains India’s growth forecast at 6.8%

India’s economy remains on a positive trajectory despite ongoing fluctuations. Global ratings agency S&P has upheld its forecast for India's economic growth at 6.8% for the current fiscal year 2024-25. The agency is also hopeful that the Reserve Bank of India (RBI) will begin lowering interest rates in its upcoming monetary policy review scheduled for October. Growth Projections for 2025-26 Remain Steady at 6.9% In its latest Asia-Pacific economic outlook report, S&P Global Ratings m...

August 22, 2024 9:38 AM

Bangladesh: Government to publish ‘white paper on the state of the economy’

In Bangladesh, the interim government has taken a decision to publish a white paper on the state of the economy in six priority areas, including public finance, inflation, and food management. An economist and a distinguished fellow of the Centre for Policy Dialogue (CPD), Debapriya Bhattacharya will be the chief of a panel of economists and eminent citizens, who will come up with the white paper, according to the press wing at the Chief Adviser's office. The committee will publish the white pa...

July 15, 2024 9:22 AM

China’s economy falters as property, consumer pain worsens amid rising uncertainties

China's economy is facing increasing external uncertainties and many domestic difficulties and challenges in the second half, a spokesperson for the National Bureau of Statistics said on Monday. China's GDP growth of 5% in the first half was "hard won" as businesses face relatively large pressures and key sectors face many risks, the spokesperson said in a statement published on the bureau's website. The spokesperson also said China's economic growth in the second quarter was affected by short-...

May 13, 2024 4:17 PM

South Korea’s top diplomat warns of rising economic competition with China

Economic relations between South Korea and China face risks and challenges due to increasingly fierce competition over technology, South Korea's Foreign Minister Cho Tae-yul said on Monday ahead of talks with his Chinese counterpart. Cho arrived in Beijing earlier in the day, marking his first trip to China since taking office in January and the first visit to the country by a South Korean foreign minister in more than six years. At a meeting with South Korean business leaders, Cho said that...