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New Delhi: Againsta global backdrop characterised by economic and trade policy uncertainty, India's economy gained momentum in the second quarter of FY26, which is particularly significant, as the US imposed higher tariffs on India in August, according to the Finance Ministry's monthly report released on Monday. Various supply-side high-frequency indicators have displayed healthy trends, while demand conditions continued to improve with the GST reforms and festive season sentiments spurring con ...Read More >
NEW DELHI, Oct 27 (UNI) In its latest monthly economic review for September, the Finance Ministry maintained a strong growth outlook for FY26 amid uncertain global conditions. It said the growth will be supported by a positive demand outlook due to GST reforms, favourable monsoons, lower inflation, and monetary easing. However, the report cautioned that global uncertainties will continue to affect external demand, presenting downside risks to the growth outlook. The review by the Department o ...Read More >
India's economy is experiencing a robust boost from GST 2.0 and the festive season, with stronger consumption, increased sales across sectors, and improved consumer sentiment. Lower GST rates are driving demand and job creation, while high-frequency indicators show significant improvements, leading to upward GDP growth forecasts from the IMF and RBI. New Delhi, The rollout of GST 2.0 has started showing a positive impact on India's economy, with stronger consumption trends, higher sales across ...Read More >
New Delhi: Against a global backdrop characterised by economic and trade policy uncertainty, India's economy gained momentum in the second quarter of FY26, which is particularly significant, as the US imposed higher tariffs on India in August, according to the Finance Ministry's monthly report released on Monday. Various supply-side high-frequency indicators have displayed healthy trends while demand conditions continued to improve with the GST reforms and festive season sentiments spurring con ...Read More >
New Delhi [India], October 27 (ANI): Despite United States imposing higher tariffs on India in August, the Indian economy gained momentum in the second quarter (July-September) of the current financial year, according to the Department of Economic Affairs' (DEA), finance ministry's monthly economic review. The report highlighted that against a global backdrop characterised by economic and trade policy uncertainty, India's economy continued to strengthen in Q2 FY26. Also Read | IND vs SA 2025: ...Read More >
NEW DELHI, Oct. 25 (Xinhua) -- India's foreign exchange (forex) reserves rose by 4.496 billion U.S. dollars to 702.28 billion dollars during the week ending Oct. 17, mainly driven by a significant increase in the value of gold reserves, according to the latest data released by the country's central bank, the Reserve Bank of India (RBI). This was the first occasion when India's forex reserves rose after declining for four consecutive weeks. According to the data, the foreign currency assets (FC ...Read More >
The latest World Economic Outlook (WEO) report suggests that India's domestic strength continues to offset the impact of rising US tariffs and global trade tensions. India's Growth Outlook According to the IMF, the 6.6% forecast reflects strong performance in the first quarter of 2025, which helped neutralise much of the tariff-related impact on exports. However, the figure is 0.2 percentage points lower than the pre-tariff projection made in October 2024. India's economic expansion is expect ...Read More >
India is set to outpace China, which is expected to grow at 4.8%. New Delhi: The International Monetary Fund (IMF) has predicted that India will continue to be one of the fastest-growing 'emerging market and developing economies' in 2025-26, growing at a rate of 6.6%, according to the World Economic Outlook (WEO) report. This upward revision is attributed to strong economic performance in the first quarter, which has more than offset the effects of increased US tariffs on Indian goods. India ...Read More >
New Delhi [India], October 25 (ANI): The International Monetary Fund (IMF) has predicted that India will continue to be one of the fastest-growing 'emerging market and developing economies' in 2025-26, growing at a rate of 6.6%, according to the World Economic Outlook (WEO) report. This upward revision is attributed to strong economic performance in the first quarter, which has more than offset the effects of increased US tariffs on Indian goods. India is set to outpace China, which is expecte ...Read More >
New Delhi (ABC Live): In 2025, Southeast Asia sits at the crossroads of global commerce and great-power competition. The Association of Southeast Asian Nations (ASEAN) -- ten member states plus Timor-Leste awaiting full admission -- anchors a market of ≈ 680 million people and a US$3.7 trillion GDP. For over a decade, ASEAN's success has depended on balancing its two dominant partners: Yet the bloc's 2025 chair, Malaysia, has deliberately adopted the theme "Inclusivity and Sustainability", si ...Read More >
Mumbai, Oct 24 (SocialNews.XYZ) India's foreign exchange reserves rose by $4.5 billion to $702.3 billion for the week ended October 17, mainly driven by an increase in the value of gold reserves, according to data released by the Reserve Bank of India (RBI) on Friday. India's gold reserves held by the RBI as part of the country's foreign exchange reserves surged by $6.2 billion to surpass the $108.5 mark for the first time on the back of a sharp rise in the price of the precious metal and incre ...Read More >
New Delhi [India], October 22 (ANI): South Korea's per capita gross domestic product (GDP) is projected to fall by three notches this year, according to a report released by the International Monetary Fund (IMF). As per a report by Pulse, the english service of Maeil Business News Korea, the IMF noted in its World Economic Outlook report that Korea's per capita GDP is estimated at USD 35,962 for 2025, down 0.8 per cent from last year's USD 36,239. Also Read | Pakistan vs South Africa Live Scor ...Read More >
New Delhi [India], October 22 (ANI): South Korea's per capita gross domestic product (GDP) is projected to fall by three notches this year, according to a report released by the International Monetary Fund (IMF). As per a report by Pulse, the english service of Maeil Business News Korea, the IMF noted in its World Economic Outlook report that Korea's per capita GDP is estimated at USD 35,962 for 2025, down 0.8 per cent from last year's USD 36,239. Korea's ranking among the 197 countries includ ...Read More >
Senior union ministers credit GST overhaul for lifting consumer sentiment, driving double-digit growth in electronics and sparking broad-based festive demand. New Delhi: Senior Union ministers on Saturday said the Next Gen GST Reforms, rolled out on 22 September 2025, are already producing wide-ranging benefits. From cheaper daily-use goods to record-high electronics and automobile sales, setting the stage for stronger consumption and investment growth in the months ahead. Commerce and Industr ...Read More >
A GROUP of U.S. banks, including JPMorgan Chase, Bank of America and Goldman Sachs, is hesitant to lend $20 billion to Argentina without guarantees or collateral, the Wall Street Journal reported on Monday. U.S. Treasury Secretary Scott Bessent said last week that the department was working with banks and investment funds to create a $20 billion facility to invest in the South American country's sovereign debt. Bankers are waiting on guidance from the Treasury Department on what collateral Arg ...Read More >
Prime Minister Narendra Modi is addressing NDTV World Summit and will speak about "Unstoppable Bharat: The Force of Now" at the Bharat Mandapam, a world-class convention centre in Delhi. The theme of the 2025 edition is 'Edge of the Unknown: Risk. Resolve. Renewal'. It is an invitation to confront uncertainty with imagination, to see resolve not as reaction but as deliberate intention, and to embrace renewal not as a return to the past but as the creation of futures yet to be defined. Here are ...Read More >
MUMBAI: Growth for the Indian economy is projected to remain resilient amid global uncertainties and the outlook for inflation has been revised downwards, opening up policy space for further supporting growth, a report by RBI said."The Indian economy displayed resilience amid broader global uncertainty and weak external demand," said RBI's state of the economy report released on Monday. It noted that "global uncertainty has edged up" and that "trade tensions have started to simmer yet again".Acc ...Read More >
New Delhi [India], October 20 (ANI): Top business leaders from across the Asia-Pacific region are set to gather in Gyeongju, North Gyeongsang Province, South Korea, later this month for the APEC CEO Summit 2025, as per a report by Pulse, the English service of Maeil Business Newspaper Korea. As per the report, a high-profile business forum held in the run-up to the Asia-Pacific Economic Cooperation (APEC) Leaders' Summit slated for October 31 to November 1. Also Read | Diwali 2025: Apple CEO T ...Read More >
IMF Chief Kristalina Georgieva says the global economy is resilient but faces a 'fog of uncertainty.' Key priorities include strengthening fundamentals, boosting growth through the private sector, and reducing excessive global imbalances. New Delhi [India], October 18 (ANI): The dark clouds of uncertainty are still holding over the global economy, but the relief is that it has done better than feared, highlighted Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF). ...Read More >
Mumbai: Gold reserves crossed the $100 billion mark for the first time in the week ended Oct 10, driven by a sharp rise in global prices even as the pace of purchases slowed this year. The value of gold holdings rose by $3.6 billion to $102.4 billion, while overall foreign exchange reserves fell by $2.2 billion to $697.8 billion.The share of gold in total reserves climbed to 14.7%, the highest since 1996-97. The increase reflects both valuation gains and steady accumulation over the past decade, ...Read More >
New Delhi: Prime Minister Narendra Modi met his Sri Lankan counterpart, Harini Amarasuriya, in New Delhi on Friday, where the two leaders discussed ways to strengthen cooperation in education, technology, innovation, development partnership, and the welfare of fishermen. Later, speaking at an event organised by a television channel and a think tank, Amarasuriya described India as a "partner of long-standing trust" and said that the Free Trade Agreement (FTA) between the two nations, signed in 1 ...Read More >
BENGALURU, Oct 15 (Reuters) - The Indian city of Ahmedabad in the state of Gujarat has been recommended as the host city for the 2030 Centenary Commonwealth Games, the Commonwealth Sport Executive Board said on Wednesday. The board said it will propose Ahmedabad, also known as Amdavad, in the western Indian state of Gujarat, to the full Commonwealth Sport membership for approval at the General Assembly in Glasgow on November 26. The recommendation follows an evaluation process of candidate cit ...Read More >
According to the latest forecast from the IMF, India's economy is set to grow by 6.6% in FY26, a testament to its solid economic backbone and adaptability. The surge in consumer spending and significant infrastructure projects are propelling this growth. The International Monetary Fund (IMF)'s recent upward revision of India's FY26 economic growth forecast to 6.6% from 6.4% earlier reflects the country's economic resilience and strong fundamentals, Commerce and Industry Minister Piyush Goyal sa ...Read More >
New Delhi [India], October 17 (ANI): Prime Minister Narendra Modi on Friday emphasised that India's growth is shaping global opportunities and the whole world is looking at India as a "reliable, responsible and resilient" partner. Addressing the NDTV World Summit 2025, Prime Minister Modi noted that European nations have committed to investing billions of dollars in India, which will generate huge employment, adding that these investments are helping India to make a nerve centre of the global s ...Read More >
"India has proved everyone wrong. Today, world's 50 per cent digital transaction happens in India." - PM Narendra Modi Beginning his much-awaited address at the 'NDTV World Summit 2025' here with a 'Happy Diwali to all' message, the Prime Minister said India was in policy paralysis 11 years back. "But India took on every challenge and today, the world respects us," said PM Modi. The Prime Minister further stated that there are several roadblocks across the world at the moment, and the topic o ...Read More >
New Delhi, Oct 17 (SocialNews.XYZ) Commerce and Industry Minister Piyush Goyal said on Friday that India has undergone a significant shift in recent years and that it now negotiates from a position of strength, reflecting the country's growing economic confidence and global stature in terms of India's approach to Free Trade Agreements (FTAs) and other trading arrangements. Addressing the annual conference and 105th annual general meeting of Assocham in New Delhi, Goyal said the country is now e ...Read More >
New Delhi [India], October 17 (ANI): Union Minister Piyush Goyal on Friday said that there is no better time than now to invest in India's hospitality sector, as the industry continues to perform strongly amid the country's growing economic momentum. Addressing the Annual Conference and 105th Annual General Meeting of ASSOCHAM, Goyal said that India's travel and tourism sector is witnessing rapid growth but also faces several challenges that need to be addressed through joint efforts by the gov ...Read More >
New Delhi [India], October 17 (ANI): Union Minister Piyush Goyal on Friday said that there is no better time than now to invest in India's hospitality sector, as the industry continues to perform strongly amid the country's growing economic momentum. Addressing the Annual Conference and 105th Annual General Meeting of ASSOCHAM, Goyal said that India's travel and tourism sector is witnessing rapid growth but also faces several challenges that need to be addressed through joint efforts by the gov ...Read More >
India must fire on all cylinders -- focusing on domestic demand, reforms, investment, innovation, and trade integration -- to sustain high growth India must fire on all cylinders -- focusing on domestic demand, reforms, investment, innovation, and trade integration -- to sustain high growth and meet its long-term development goals, Krishna Srinivasan, Director of the Asia and Pacific Department (APD) at the International Monetary Fund (IMF), said on Thursday. Responding to a question on India' ...Read More >
MUMBAI, Oct 16: Indian stock markets extended their rally for the second consecutive day on Thursday, driven by strong global cues and optimism over a potential US Federal Reserve rate cut. The benchmark BSE Sensex surged 862.23 points (1.04%) to close at 83,467.66, while the NSE Nifty gained 261.75 points (1.03%) to settle near the 25,600 mark at 25,585.30. The Sensex had briefly soared over 1,000 points during intraday trade, hitting a high of 83,615.48. Investor sentiment was lifted by acr ...Read More >
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