economic growth

In New Delhi, Chief Justice of India Surya Kant, on Saturday, called for a comprehensive overhaul of the legal system to meet the demands of a growing economy. He stated that transforming India into a $10 trillion economy cannot be achieved solely through capital or policy, and that the quality...

Bengaluru, April 11 Karnataka Minister M B Patil on Saturday said that the state government has expedited approvals for investment projects and taken measures to reduce bureaucratic hurdles.He said that since 2022, Karnataka has approved 2,028 projects worth Rs 5.11 lakh crore, which could...

The government has approved 52 new applications under the Production Linked Incentive (PLI) scheme for the textile industry, which is the third phase. According to the Ministry of Textiles, these applicants have committed to investing 6,708 crore rupees, which is expected to generate an...

The Asian Development Bank (ADB) has revised India's growth forecast for the current financial year to 6.9 percent from 6.5 percent. According to the ADB's Asian Development Outlook, India's growth is expected to remain strong this fiscal year, driven by strong domestic demand, improved...

London, April 10 Agratas, Tata Group's global battery business, will receive a grant worth 380 million pounds to build one of the largest gigafactories in Europe in southwest England, the UK government has said.UK Business Secretary Peter Kyle announced the investment during a visit on...

Karachi, April 10 Easing geopolitical tensions led to a gain of 1,400 points in the Pakistan Stock Exchange (PSX) KSE-100 Index on Friday, bringing it to around 166,961 points.Strong trading activity pushed the index to a high of 168,290 during the day before settling in positive territory...

April 10, New Delhi: The World Bank has raised India's growth forecast from 6.3% to 6.6% for the current fiscal year, citing strong domestic demand and free trade agreements. In its latest report, the World Bank expects India to remain the primary engine of growth in South Asia.The report also...

Kathmandu, April 10 – The Asian Development Bank (ADB) has projected that Nepal's economic growth will significantly decelerate in the current fiscal year 2025–26 due to the impact of last year's civil unrest and the ongoing conflict in West Asia involving the United States, Iran, and Israel...

Jaipur, April 10 – Former Rajasthan Chief Minister, Ashok Gehlot, sharply criticised the BJP government on Wednesday for its handling of the Pachpadra Refinery project, describing it as the “mega chapter” of what he termed 'Intezaar Shastra', a metaphor for prolonged delays in development. “The...

Manila, April 10 – The ongoing conflict in the Middle East has heightened global geopolitical risks and intensified downside risks for economic growth in developing Asia and the Pacific, according to a new report released by the Asian Development Bank (ADB) on Friday.The Asian Development...

Washington, April 10 – Rising geopolitical tensions are beginning to reshape economic expectations, with the World Bank’s president, Ajay Banga, warning that prolonged conflict could dampen growth, fuel inflation, and strain vulnerable economies.Speaking at the Atlantic Council, World Bank...

April 09, New Delhi – The World Bank has revised India's growth forecast from 6.3 percent to 6.6 percent for the current fiscal year, citing strong domestic demand and free trade agreements.In its latest report, the World Bank expects India to remain the primary engine of growth in South Asia...

Washington, April 9 IMF Managing Director Kristalina Georgieva on Thursday urged central banks grappling with the impact of the US-Israel war on Iran to fight inflation even at the cost of growth, arguing that "pain is an unavoidable consequence of any conflict".In her address at the IMF...

Jaipur, April 9 Rajasthan Chief Minister Bhajanlal Sharma chaired a meeting with officials on Thursday to review preparations for Prime Minister's visit to the state for the inauguration of the HPCL refinery in Balotra district on April 21.During the meeting, Sharma said the Pachpadra refinery...

Washington, April 9 – A global oil shock linked to the Middle East conflict is set to hit growth and fuel inflation across energy-importing economies, the International Monetary Fund (IMF) Managing Director Kristalina Georgieva warned on Thursday.In her opening speech ahead of the IMF's Annual...

New Delhi, April 9 India still has the largest number of poor people in the world, and four out of five Indians earn less than ₹171 per day, Trinamool Congress Rajya Sabha Leader Derek O'Brien said on Thursday, as he shared a "fact-check" on claims made in Prime Minister Narendra Modi's speech...

New Delhi, April 9 The World Bank said on Thursday that India is well-positioned to weather the current global energy shock, with ample buffers, including high foreign exchange reserves, fiscal space, and low inflation, which will support growth despite global headwinds.Addressing a conference...

New Delhi, April 9 India has consistently demonstrated remarkable resilience during global crises, not only surviving them but also transforming through the turbulence to emerge stronger, said Shaktikanta Das, Principal Secretary to the Prime Minister, on Thursday.Addressing the AIMA National...

New Delhi, April 9 India has been able to navigate the current global situation due to a mature democracy, diplomacy, diversification, and decisive action, Union Minister Jyotiraditya Scindia said on Thursday.Speaking at an AIMA event, Scindia said that Indian vessels have been moving through...

Seoul, April 9 – South Korean President Lee Jae Myung said on Thursday that it is time for the nation to fundamentally change its economic system, as rising oil prices and inflationary pressures from the war in the Middle East have dampened prospects for an economic recovery.However, Lee urged...