New Delhi, Feb 4 (IANS) Brazil’s President Luiz Inacio Lula da Silva’s upcoming visit to India is expected to significantly strengthen bilateral ties amid a rapidly changing global order, Brazilian Ambassador to India Kenneth H. da Nobrega has said, underlining growing coordination between the two countries on trade, technology and geopolitics.In an exclusive interview with IANS, Ambassador da Nobrega noted that President Lula’s visit comes less than a year after Prime Minister Narendra Modi’s t…
Latest Economy News & Updates
New Delhi, Feb 3 (IANS) Debt-ridden Pakistan’s recent request to the United Arab Emirates (UAE) for the rollover of $3 billion deposits reflects the heavy dependence of the country’s economy on borrowing from friendly countries and the IMF to stay afloat.This pattern of repeated rollovers and emergency funding from friendly states and the IMF has provided short-term breathing space but has also entrenched a fragile economic model that discourages domestic reform, distorts incentives, and per…
Mumbai, Feb 3 (IANS) Market expert Sunil Shah on Tuesday termed the India–US trade deal a major sentiment booster for the Indian economy and capital markets, saying it has laid a strong foundation for long-term growth and strengthened India’s position in global trade. Reacting to the development, Shah said the agreement has had an immediate positive impact on market sentiment, which was clearly reflected in Tuesday’s sharp rally.“After the Budget, the market was slightly weak, but today …
Jaipur, Feb 1 (IANS) Rajasthan Chief Minister Bhajanlal Sharma on Sunday praised the Union Budget 2026, describing it as inclusive, progressive, and visionary.The Chief Minister listened to the budget presentation by Union Finance Minister Nirmala Sitharaman at his residence and termed it a strong roadmap towards building a developed and self-reliant India.Expressing his gratitude, CM Sharma thanked Prime Minister Narendra Modi and Finance Minister Sitharaman for presenting a budget that address…
New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman on Sunday said that the debt-to-GDP ratio is estimated to be 55.6 per cent of GDP in 2026-27 (budget estimate or BE), compared to 56.1 per cent of GDP in 2025-26 (revised estimate or RE).A declining debt-to-GDP ratio will gradually free up resources for priority sector expenditure by reducing the outgo on interest payments.”Government has been delivering on fiscal commitments consistently without compromising on social needs,” FM Sithar…
New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman on Sunday shared three ‘Kartavyas’ (duties) to not only accelerate the economy but also empower the poor, underprivileged, and the disadvantaged.Sitharaman said that to deliver on the government’s ‘sankalp’ (resolve) and given that this is the first budget prepared in Kartavya Bhavan, “we are inspired by three Kartavyas”.”The first Kartavya is to accelerate and sustain economic growth by enhancing productivity and competitiveness and bu…
New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman on Sunday announced a capital expenditure of Rs 12.2 lakh crore in the Budget for 2026-27, to boost big-ticket infrastructure projects for growth and jobs in the economy.Presenting the Budget, the Finance Minister said that an Infrastructure Risk Development Fund would be set up to accelerate the development of big projects.She said to push economic growth, the Budget proposes to deliver a powerful push to infrastructure, including high…
New Delhi, Jan 31 (IANS) More than 7.6 lakh Pakistanis left the country for work in 2025, a figure that highlights the growing economic stress and lack of job opportunities at home, according to the data by finance ministry’s Monthly Economic Update and Outlook for January 2026.The report showed weak performance in key areas such as exports, foreign direct investment (FDI) and overall growth.However, remittances stand out as the only strong contributor. Remittances rose to $19.7 billion in the…
New Delhi, Jan 31 (IANS) The current regime in Pakistan is outdoing even those that preceded it in accumulating short-term debt, promoting conspicuous consumption, and engaging in resource grabs, a new report has said.There is actually a bigger gap between how the ruling class projects its ‘successes’ and the actual conditions of working people than the inordinate focus on foreign remittances, says the report in Dawn.As per figures, remittances reached a record high of $34 billion in 2024 –…
New Delhi, Jan 29 (IANS) The Economic Survey 2025-26 paints a clear and encouraging picture of India’s economic journey, describing it as a fast-moving “Reform Express” making steady progress even as the world faces uncertainty, Prime Minister Narendra Modi said on Thursday.Prime Minister Modi said that the Survey, tabled in the Parliament earlier in the day, reflects the strength of India’s economic foundations and the government’s continuous efforts to drive growth, innovation and inclus…