Latest Economy News & Updates

New Delhi, March 5 (IANS) India-Finland bilateral trade rose 19 per cent in April–December (FY26) compared to the same period last year, marking “a new phase of momentum and structural realignment”, a report said on Thursday amid Finnish President Alexander Stubb’s first official visit to the country.The report from Rubix Data Sciences said that exports have been the key driver of the renewed momentum, rising at 11 per cent year‑on‑year in April–December of FY26.“As both governments …

New Delhi, March 5 (IANS) Pakistan’s Safe City projects have evolved from being anti‑terrorism measures to an infrastructure of daily surveillance of its population in Lahore, Islamabad and Karachi, a report has said.The report from Human Rights Research Center said networked surveillance cameras, biometric interfaces and central command centres now form the backbone of urban policing.”Facial recognition links national ID databases with real-time tracking, which makes it possible to identify…

New Delhi, Feb 27 (IANS) India’s real GDP growth rate for the October-December quarter (Q3) of the financial year 2025-26 is estimated at 7.8 per cent in the new series with 2022-23 as the base year, data for which was released by the Ministry of Statistics on Friday.The projected annual GDP growth rate for the full financial year 2025-26 has been pegged at 7.6 per cent compared with 7.1 per cent for 2024-25, according to the advance estimates, which were also released along with the data.Real G…

New Delhi, Feb 26 (IANS) The first round of negotiations for the India–Israel Free Trade Agreement (FTA), held from 23 to 26 February in the national capital, concluded successfully on Thursday. During the four-day negotiations, both countries engaged in discussions covering a wide range of areas, including trade in goods and services, rules of origin, sanitary and phytosanitary measures, technical barriers to trade, customs procedures, intellectual property rights, digital trade, and other ke…

New Delhi, Feb 26 (IANS) Prime Minister Narendra Modi and his Israeli counterpart Benjamin Netanyahu held a meeting in Jerusalem on Thursday, discussing bilateral cooperation in areas of technology and innovation, Artificial Intelligence (AI) and critical minerals, defence and security, trade and economy, labour mobility and education, blue economy, agriculture and health. The two leaders also announced elevating ties to ‘India-Israel Special Strategic Partnership for Peace, Innovation and Prosp…

New Delhi, Feb 25 (IANS) Prime Minister Narendra Modi will travel to Israel on Wednesday, where he is scheduled to meet with Israeli Prime Minister Benjamin Netanyahu to strengthen bilateral cooperation in defence and security, trade and economic relations, and innovation.Earlier on Tuesday, the Ministry of External Affairs (MEA) announced the visit on Tuesday.Stating that this will be the “second visit” of PM Modi to Israel, the MEA said, “During the visit, the PM will meet the Prime Mini…

New Delhi, Feb 20 (IANS) International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Friday said that India’s goal of becoming a developed nation (Viksit Bharat) can be achieved with AI-driven innovation and expansion, and the country could harness AI to achieve its target of a $30 trillion economy by 2047.Addressing the AI Impact Summit 2026 here, Georgieva said that artificial intelligence could bolster global growth by 0.8 per cent, faster than the pace seen before the Covid…

New Delhi, Feb 17 (IANS) Argentina sees significant potential for cooperation with India in Artificial Intelligence (AI), with opportunities expected to emerge in both public and private sectors following the India-AI Impact Summit 2026, Argentina’s Ambassador to India Mariano Caucino said on Tuesday.Praising India for hosting the global event, Caucino said AI has become a central topic worldwide and described the summit as a major opportunity to understand the rapidly-evolving technology.“E…

Pune, Feb 14 (IANS) Founding Director of Delhi-based think tank India Foundation, Shaurya Doval, said on Saturday that India has built a strong base for a future economy by creating the digital infrastructure needed for long-term growth.Speaking about India’s economic journey, Doval said the country has become future-ready by investing in systems that can support an economy worth 30 to 40 trillion dollars in the coming decades.He explained that digital platforms, governance reforms, and techno…

Washington, Feb 14 (IANS) India’s High Commissioner to Canada, Dinesh Patnaik, has said bilateral ties are “extremely good” and firmly “back on track,” expressing confidence that negotiations toward a Comprehensive Economic Partnership Agreement (CEPA) could begin within weeks and conclude swiftly.“The current status of the relationship is extremely good. I mean, we couldn’t have asked for anything better given our past history of the last two years,” Patnaik said in an interview w…