New Delhi, June 1 (IANS) India has succeeded in restricting its fiscal deficit to the 4.4 per cent of GDP target fixed for the financial year 2025-26, reflecting the robust state of government finances at the end of the year, official data released on Monday showed. The fiscal deficit, which shows the difference between government revenue and expenditure, stood at Rs 15.19 lakh crore in FY26.Data released by the Controller General of Accounts (CGA) showed revenue collections remained strong duri…
Latest Economic Growth News & Updates
New Delhi, June 1 (IANS) Industry leaders on Monday lauded steady growth of Index of Industrial Production (IIP) for April despite severe global headwinds and rising input costs amid the West Asia crisis.The growth of capital goods at 16 per cent is significantly strong and indicating an enhanced investment and strong aggregate demand in the country, said Nirmal Kumar Minda, President, Assocham.“High growth of intermediate goods at 7.7 per cent, infrastructure/construction goods at 7.1 per cen…
New Delhi, June 1 (IANS) Assam Chief Minister Himanta Biswa Sarma on Monday met Union Health Minister J. P. Nadda and Vice President C. P. Radhakrishnan in the national capital and discussed the state’s development trajectory, with a special focus on healthcare expansion and economic growth. Sharing details of his meeting with Nadda on social media platform X, Sarma said the senior BJP leader had played a crucial role in strengthening the party in Assam during his tenure as the BJP’s nationa…
New Delhi, May 30 (IANS) Assam Chief Minister Himanta Biswa Sarma on Saturday met Union Railway Minister Ashwini Vaishnaw in New Delhi and discussed a wide range of railway infrastructure projects aimed at strengthening connectivity and accelerating development across the state. During the meeting, the two leaders reviewed the progress of ongoing railway expansion works in Assam, including the laying and upgrading of more than 1,300 km of railway tracks and the redevelopment of over 50 railway s…
New Delhi, May 30 (IANS) Pakistan continues to lag significantly behind global standards on women’s economic rights and participation, with weak enforcement of existing legal protections emerging as a major challenge, a report has said.According to an analysis by the Daily Mirror, Pakistan’s legal framework score stood at 46.68, well below the global average of 67.However, more concerning was the country’s enforcement perceptions score of just 27.35 — nearly half the global average of 53 …
Bhubaneswar, May 29 (IANS) The Odisha government has signed a Memorandum of Understanding (MoU) with Intel and 3D Glass Solutions (3DGS) of the US for the establishment of an Advanced Packaging Substrate Manufacturing Facility in the state — a first-of-its-kind project in India, government officials said on Friday. As per an official statement issued, the facility will leverage advanced glass-based substrate technologies and high-density interconnect packaging, essential for sectors such as AI,…
Guwahati, May 29 (IANS) Assam Chief Minister Himanta Biswa Sarma on Thursday highlighted the state’s steady economic progress and fiscal discipline, asserting that the state is moving towards the vision of a “Viksit Assam” through sustained growth and prudent financial management. Sharing key economic indicators, the Chief Minister said Assam has successfully maintained a revenue surplus for five consecutive years from 2020 to 2025, reflecting stronger fiscal health and disciplined public …
Washington, May 29 (IANS) Treasury Secretary Scott Bessent declared the United States the world’s leading artificial intelligence power, arguing that China remains significantly behind as Washington seeks to maintain its technological edge in one of the most consequential strategic competitions of the century.”The US is the AI leader in the world,” Bessent said during a White House briefing.”We’re an AI superpower. China is second, they are trailing substantially.”The remarks reflect the Trump a…
New Delhi, May 28 (IANS) The next phase of India’s economic expansion will increasingly emerge from sectors and resources that remained underexplored for decades, particularly in the Himalayan region, Union Minister of State (Independent Charge) for Science and Technology, Dr Jitendra Singh, said on Thursday.The Himalayan economy is set to become a major contributor to India’s future economic growth as the country moves towards the vision of Viksit Bharat 2047, he said while addressing the N…
Seoul, May 28 (IANS) South Korea’s central bank kept its benchmark interest rate unchanged on Thursday amid lingering uncertainty in the Middle East, but it raised the possibility of future tightening as inflationary pressures and concerns over currency weakness intensified.In a widely-anticipated decision, the Monetary Policy Board of the Bank of Korea (BOK) held the key rate steady at 2.5 percent in its rate-setting meeting in Seoul. It is the first monetary policy meeting chaired by BOK Gov. …