Economy News

Pakistan Finance Minister seeks divine intervention to rescue sinking economy

As the Pakistan government struggles to arrest the worsening economic crisis, Finance Minister Ishaq Dar sought to allay concerns by invoking divine favour, saying that the country was the only country founded in the name of Islam "and Allah Almighty is responsible for its development and prosperity"

Jan 28, 2023

9 out of 10 individual traders in F&O segment making losses

Nine out of 10 individual traders in the equity F&O segment incurred net losses during both the years FY 2018-19 and FY 2021-22, according to a study by market regulator SEBI.

Jan 26, 2023

UN expects India growth in 2023 at 5.8%, keeps the rank as world's fastest-growing economy

The UN's World Economic Situation and Prospects (WESP) report sliced off 0.2 per cent from the 6 per cent gross domestic product growth projection made last May without affecting India's rank

Jan 26, 2023

India presents itself as resilient economy at World Economic Forum in Davos

India has reiterated its position as a resilient economy, providing stable policy to the global investors at the World Economic Forum (WEF) at Davos

Jan 19, 2023

Need to forge pacts to attain net-zero targets by India: Industry leaders

Davos 2023: Industry leaders pitch for more pacts to attain net-zero targets by India

Industry leaders have emphasized the need to forge partnerships across private, public and philanthropic entities to aid the country in attaining its net-zero targets.

Jan 18, 2023

US President Joe Biden (L) and First Lady Jill Biden

US Debt: Country could default as soon as June, says Treasury Dept

"Extraordinary measures" will need to be taken, Treasury Secretary Janet Yellen wrote in a letter to House Speaker Kevin McCarthy

Jan 14, 2023

Indian industry leaders expect GDP to grow at 6.5% in FY24: Survey

About 60 per cent of the business leaders surveyed were of the view that Indian gross domestic product (GDP) will grow at 6.5 per cent during 2023-24, said Deloitte Touche Tohmatsu India LLP (DTTILLP)

Jan 13, 2023

Piyush Goyal rules out Trump-era 'mini' trade deal with US, concedes no FTA on offer from Biden either

Narendra Modi's blatant pitch for a second term for Trump at the 'Howdy Modi' event in 2019 put him at odds with Democrats, and India's position on Ukraine further later on.

Jan 12, 2023

Global economy staring at two recessions in same decade, first time in 80 years: World Bank report

Global growth is slowing sharply due to inflation, higher interest rates, reduced investment, and disruptions caused by Russia's invasion of Ukraine, said the World Bank's latest Global Economic Prospects report.

Jan 11, 2023

Budget 2023-24: Assocham survey shows more incentives sought by manufacturing units, tax cuts

The survey, covering more than 400 people from 40 plus cities across the country, pointed towards the industry being optimistic about economic recovery

Jan 11, 2023

'Make in India' TV shipments grow 33% to reach 5 million units; Dixon leads [details]

The India TV market grew exponentially in the festive season last year and 'Make in India' TV shipments grew 33 per cent (on-quarter) in the July-September period to reach 5 million units.

Jan 10, 2023

PM SVANidhi scheme: No documents required as PM gives guarantee to 'street vendor' loans

More than 2,300 street vendors will get loan under PM SVANidhi scheme. Under it, there is no need to submit any document as guarantee

Jan 9, 2023

Experts predict India's emergence as 'third pole', despite GDP growth worries [details]

If any major middle-income country is truly outperforming in the coming decades, it's the world's soon-to-be third largest economy (and its largest democracy), India, Eurasia Group said in a report.

Jan 7, 2023

Dubai launches its economic agenda 'D33' for the next 10 years; sets ambitious goals [details]

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched the Dubai Economic Agenda 'D33' with the ambitious goals of doubling the size of Dubai's economy over the next decade and consolidating its position among the top three global cities.

Jan 5, 2023

Reliance Industries (RIL) Chairman Mukesh Ambani

Despite economic headwinds, India to become a $40 trillion economy by 2047, says Mukesh Ambani

State Bank of India, on September, suggested that India will become the third-largest economy by 2029

Jan 2, 2023

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