New Delhi, June 29 (IANS) Pakistan’s investment-to-GDP ratio has fallen to a historic low of 13.1 per cent in 2024 from an average of around 18 per cent over nearly four decades, while foreign direct investment (FDI) has halved to 0.5 per cent of GDP, a report has said.According to an analysis published in Dawn, the country’s declining investment reflects a widening disconnect between its ambitious economic targets and the policy environment.Pakistan’s investment-to-GDP ratio declined from 17.2 …
Latest Economic Growth News & Updates
New Delhi, June 27 (IANS) India and Japan will establish a framework to promote biogas-powered vehicles as part of efforts to strengthen clean mobility and energy security, with the two countries targeting the expansion of methane production plants for compressed natural gas (CNG) vehicles in India, a report has said.A report published in The Japan Times said the two governments will exchange a memorandum of understanding (MoU) during Japanese Prime Minister Sanae Takaichi’s three-day visit to I…
New Delhi, June 23 (IANS) Hiring across India’s formal economy is diversifying beyond traditional white‑collar sectors such as technology, with consumer‑facing and service industries driving some of the strongest recent gains, a report said on Tuesday.The report by Indeed highlighted that job postings in India remained 3.4 per cent higher year‑on‑year in May but eased 0.7 per cent on a monthly basis.Over the past three months, some of the strongest gains have been recorded in sports (o…
New Delhi, June 22 (IANS) India today offers unique and unparalleled economic opportunities to the world, Commerce and Industry Minister Piyush Goyal said on Monday while highlighting Prime Minister Narendra Modi’s vision of positioning the country as a trusted global economic partner.Speaking at the Republic Summit 2026, Goyal said India’s growing role in global supply chains and its nation-first trade policies have made the country an increasingly attractive destination for businesses worl…
New Delhi, June 21 (IANS) India’s space economy is projected to grow five-fold from the current $8 billion to $40-45 billion over the next decade, driven by policy reforms, rising private sector participation and growing commercialisation of space technologies, an official fact-sheet said on Sunday.The fact-sheet highlighted that India currently accounts for about 2-3 per cent of the global space economy, with the country’s share targeted to rise to 8 per cent by 2030.The rapid growth is being s…
Bengaluru, June 19 (IANS) Karnataka Minister for Home, Information Technology, Biotechnology and E-Governance, Priyank Kharge, on Friday identified urban mobility, cyber safety and sustainable urban development as the top priorities for Bengaluru’s next phase of growth, emphasising the need for long-term solutions to strengthen the city’s position as a global hub for technology, innovation and investment. Speaking at the Integrated Workspaces Forum 2026, organised by the “Corporate Council for R…
Washington, June 13 (IANS) US Treasury Secretary Scott Bessent said President Donald Trump’s push for “energy dominance” is central to the administration’s efforts to strengthen the economy, boost manufacturing and enhance national security, arguing that abundant domestic energy will be critical to winning the global race in artificial intelligence and advanced industries.Speaking at the Petroleum Club of Houston on Friday, Bessent described energy as the foundation of the administration’s econo…
New Delhi, June 12 (IANS) India’s steady economic ascent supported by sustained growth, a young population and resilient democratic institutions is poised to challenge the notion that authoritarianism is a necessary shortcut to rapid development, a new report has said.The report from India Narrative said that India’s consistent growth trajectory refutes long‑standing assumptions that political repression is required to build modern industrial and technological capacity.India’s arrival as a g…
Washington, June 11 (IANS) India will remain the world’s fastest-growing major economy despite the economic shock from the conflict in the Middle East, with the World Bank on Thursday raised its growth forecast for the country even as it cut projections for much of the global economy.In its latest Global Economic Prospects report, the World Bank upgraded India’s growth forecast for 2026 to 6.6 per cent from its January estimate of 6.5 per cent and raised its 2027 projection to 7.2 per cent from …
New Delhi, June 11 (IANS) As the NDA government completed 12 years in office, Prime Minister Narendra Modi on Thursday reaffirmed his government’s commitment to the welfare and prosperity of farmers, describing them as the backbone of the nation’s food security, nutrition, and economic growth. Taking to the social media platform X with a hashtag ‘#12YearsOfKisanSamriddhi’, the Prime Minister said that farmers play a crucial role in ensuring the country’s food security and prosperity.PM Modi said…