Articles about World Economy News

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).

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

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

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.

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.

As he completed the first year of his second term today, May 30, Prime Minister Narendra Modi wrote a verbose letter to Indians, detailing the achievements of his government, and also conceding that migrant workers, artisans, craftsmen, and hawkers suffered in the recent days.

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.

In a bid to reduce the impact of the coronavirus pandemic on the economy, 50 Indian Revenue Service (IRS) officers have suggested a 40% tax for the super-rich, a one-time COVID-19 relief cess of 4%, etc.

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.

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

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.

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

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.

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

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

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

No one will ever attach the word failure with Narendra Modi. The man has a cult following, his followers are ready to take any bullet (quite literally) for him, he has an incredible list of highest civilian awards from many nations. And, he keeps winning elections.

Union Minister Ravi Shankar Prasad on Sunday withdrew his controversial statements from the day before wherein he cited the box office performance of three films as proof that India's economy is stable.

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

As the Indian auto industry undergoes a crisis amid a broader economic slowdown in India, automobile sales dropped sharply in August, the worst decline since 1997-98.

Despite being isolated on the global stage and failing to get support in its rant against India after New Delhi rescinded Article 370, Pakistan is continuing with its notorious actions.

On Friday, Minister of State for Finance Anurag Thakur addressed the slowdown in the auto industry at the Automotive Component Manufacturers Association of India (ACMA) annual summit in New Delhi.

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.

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

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.

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.

The Tata Group's luxury hotel chain is looking to lighten itself by some assets amid an imminent drop in consumer spending due to the economic slowdown.

Recently, data compiled by the World Bank revealed that India slipped to the 7th spot in the global GDP rankings of 2018.

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

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.

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.

From not letting Rahul Gandhi resign to protecting the family tooth and nail, we all know Congress only accepts "Gandhis" as their leaders.

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.

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

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.