World Economy News

Amid global slowdown predictions, IMF calls India 'bright spot'

India is likely to see some economic slowdown in the fiscal year 2023, the International Monetary Fund (IMF) said in its January update of the World Economic Outlook released on Tuesday.

26 Dec 2021


$100T world economy in 2022; China #1 by 2030: Report

The global economic output is set to surpass $100 trillion in 2022, two years earlier than previously forecast, said a report by the Centre for Economics and Business Research (CEBR).

08 Dec 2021

NITI Aayog

India's richest 10% hold 57% of national income: Inequality Report

India stands out as a "poor and very unequal country, with an affluent elite," according to the World Inequality Report 2022.

23 Dec 2020

Health & Wellness

COVID-19 immunity lasts at least eight months: Study

People who have recovered from coronavirus have immune memory to protect against re-infection for at least eight months, according to a new study.

India's retail inflation dips marginally to 6.69% in August

India's retail inflation stood at 6.69% in August, according to data released by the Ministry of Statistics & Programme Implementation (MoSPI) on Monday.

India's GDP contracts by 23.9%; first contraction in 40+ years

India's Gross Domestic Product (GDP) slipped by a sharp 23.9% in the first quarter (April-June) of the fiscal year 2020-21, according to data released by the National Statistical Office (NSO). This marks the first contraction in more than 40 years.

24 Jun 2020

Mahatma Gandhi NREGA

India witnesses job recovery, unemployment rate back to pre-lockdown era

Bruised by the coronavirus-necessitated lockdown, the Indian economy has shown few signs of recovery as the unemployment rate is reported to have returned to the pre-lockdown period.

Lockdown 3.0 begins: Know what's allowed and what's not

The coronavirus necessitated lockdown, which started pan-India on March 25, entered its second extension today. The extension, announced by the Ministry of Home Affairs last week, will remain in place till May 17.

Struggling economy gets RBI's boost, big announcement for banks

With the economy stung drastically by the coronavirus pandemic, RBI Governor Shaktikanta Das addressed media for the second time in a month to announce key measures.

29 Mar 2020

Angela Merkel

German minister commits suicide; was worried about #Coronavirus crisis: Reports

Thomas Schaefer, the Finance Minister of the German state of Hesse, which includes Frankfurt, has been found dead on Saturday.

28 Feb 2020

Economic Survey

India's GDP growth rises to 4.7% in October-December quarter

India recorded a Gross Domestic Product (GDP) growth rate of 4.7% in the third quarter of the fiscal year 2019-2020, according to government data released on Friday.

31 Jan 2020


For 2020-21, Economic Survey pegs India's growth at 6-6.5%

A day before Finance Minister Nirmala Sitharaman will present the Union Budget, the Economic Survey was tabled in the Parliament today.

20 Jan 2020


Indian billionaires hold more wealth than full-year Budget, finds report

In a glaring reminder of income inequality, a new study has found that the total wealth of India's 63 billionaires exceeds the Union Budget of India for the fiscal year 2018-19.

17 Jan 2020


Budget 2020: What to expect? When will it be presented?

With the economy in crisis, all eyes are on the upcoming Union Budget for the fiscal year 2020-21.

27 Dec 2019


Your daily essentials could get more expensive in 2020

While we look forward to the new year, we're afraid there's already some bad news.

India's GDP growth falls to 4.5%, lowest in 6.5 years

The Centre released India's gross domestic product for the second quarter of the fiscal year 2019-20.

25 Sep 2019

Narendra Modi

Global Business Forum: Modi invites businesses to invest in India

On Wednesday, Prime Minister Narendra Modi delivered keynote address at Bloomberg Global Business Forum in New York.

India's manufacturing growth down to 15-month low in August: Report

Amid economic slowdown, India also witnessed a dip in manufacturing activity, which reached a 15-month low in August, as demand and output grew at the slowest rate in a year, a private survey reported today.

01 Sep 2019


Manmohan Singh blames Modi's 'all-round mismanagement' for economic slowdown

Former Prime Minister Dr. Manmohan Singh hit out at the Narendra Modi government on Sunday amid the ongoing economic slowdown.

29 Aug 2019

Pakistan News

Pakistan PMO fails to pay bills; company may cut power-supply

As Pakistan's economy continues to be on a downward spiral, the country's Prime Minister Imran Khan's Secretariat fears having its electricity disconnected over non-payment of bills.

21 Aug 2019


Parle sales drop amid economic-slowdown; 10,000 employees may be laid-off?

India's leading biscuit maker, Parle Products Pvt. Ltd. may have to lay off up to 10,000 of its employees, as economic growth continues to slow down, a company executive said yesterday.

27 Jul 2019

South Korea

What is South Korea's #NoMarriage movement all about

South Korea is looking at an economic crisis and they have narrowed down the problem to the one source: women.

14 Jul 2019


Rising intolerance, hate crimes can damage economic growth: Adi Godrej

Billionaire industrialist Adi Godrej on Saturday warned that growing intolerance, moral policing, and hate crimes in the country could "seriously damage" India's economic growth.

05 Jul 2019

Nirmala Sitharaman

Economic Survey 2019 proposes increasing investments, retirement age: Details here

On Thursday, Finance Minister Nirmala Sitharaman tabled her first Economic Survey, which shapes a roadmap for how the government could bring the economy back on track.

07 May 2019

Donald Trump

How Trump's incessant whining led us to a delicious bread

Say what you want about United States President Donald Trump. At least we know he's the one managing his own social media. Nobody would pay anyone to spill that amount of nonsense out into the world.

18 Jun 2018


Arun Jaitley urges citizens to pay taxes honestly

Union Minister Arun Jaitley today urged citizens to pay their due share of taxes "honestly" to reduce dependence on oil as a revenue source.

28 May 2018


Bengaluru-based start-up to build India's first electric superbike

Mankame Automotive, a Bengaluru-based tech start-up, comprising a team of Indian engineers, has started a crowdfunding program to develop India's first electric superbike, the Mankame EP-1.