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…
Latest Economy News & Updates
Seoul, Jan 29 (IANS) Uncertainty over the path of the United States’ monetary policy is expected to persist, though markets have remained broadly stable following the Federal Reserve’s latest interest rate decision, a senior official of the South Korean central bank said on Thursday.On Wednesday (US time), the Fed kept its benchmark interest rate unchanged at the 3.5-3.75 percent range following three successive cuts since September, a decision that will continue to put the gap between the key r…
Washington, Jan 29 (IANS) The Federal Reserve held interest rates steady. Chair Jerome Powell said inflation is still “somewhat elevated,” with tariffs pushing up goods prices.The Federal Open Market Committee “decided to leave our policy rate unchanged,” Powell told reporters on Wednesday (local time). The Fed kept the target range for the federal funds rate at 3.5 per cent to 3.75 per cent.Powell said the economy “expanded at a solid pace last year” and is starting 2026 “on a fir…
Islamabad/New Delhi, Jan 27 (IANS) Pakistan faces structural economic problems under its latest $7 billion International Monetary Fund (IMF) arrangement, which analysts argue cannot be resolved by revenue raised from arms exports alone. Defence sales, particularly of aircraft, hinge on robust production capacity, proper training and a guaranteed post-delivery of spare parts, yet the Chinese-made JF-17 aircraft, at the heart of Pakistan’s push for defence exports, has proven fallible, an India …
New Delhi, Jan 27 (IANS) Prime Minister Narendra Modi on Tuesday announced the signing of a free trade agreement (FTA) between India and the European Union, stressing that the landmark partnership between two major economies will create new opportunities for businesses, consumers, and the skilled workforce.Addressing a joint press conference at Hyderabad House here with European Commission President Ursula von der Leyen, PM Modi underlined that the agreement – biggest in India’s history — r…
New Delhi, Jan 26 (IANS) Pakistan’s economy continues to survive on external support rather than real reform, as policymakers rely on foreign borrowing and strategic alliances to avoid repeated financial collapse, a report has said.For decades, Pakistan has faced recurring economic crises, only to be rescued each time by foreign creditors, the International Monetary Fund (IMF), or friendly nations, according to an analysis by Sakariya Kareem.Instead of building a competitive export-driven econ…
New Delhi, Jan 23 (IANS) India’s foreign exchange reserves witnessed a massive surge of $14.167 billion to reach $701.36 billion in the week ended January 16, the Reserve Bank of India (RBI) data showed on Friday.In the preceding week that ended January 9, the country’s foreign exchange reserves had increased by $392 million.The largest component of the foreign exchange reserves, Foreign Currency Assets (FCA), increased by $9.65 billion in the week ended January 16, reaching $560.51 billion.FCA …
New Delhi, Jan 23 (IANS) Pakistan’s exports plummeted by 20.4 per cent in December 2025, marking the fifth consecutive monthly decline that reflects the deep-rooted economic crisis plaguing the country, according to official figures.Exports contracted to approximately $2.32 billion from nearly $2.91 billion in December 2024. Imports, on the other hand, continued to expand, rising by about 2 per cent to $6.02 billion, pushing the monthly trade deficit up by nearly 24 per cent to $3.7 billion, a…
Davos, Jan 21 (IANS) A tsunami is hitting the labour market and jobs are being both enhanced and replaced by artificial intelligence (AI), Kristalina Georgieva, Managing Director, International Monetary Fund (IMF), has said.Speaking at a session during the World Economic Forum (WEF) annual meeting in Davos, she said the world as a whole is already experiencing the arrival of AI, but “I do worry about the accordion of opportunities that are much more present in some places than in others”.”AI…
Hyderabad, Jan 20 (IANS) Telangana has set the goal of raising its contribution to India’s GDP to 10 per cent, supported by a clear roadmap to build a USD 3 trillion economy, industry minister D. Sridhar Babu said on Tuesday. He invited global industry leaders to partner in Telangana Rising, a long-term vision built on policy stability, ease of doing business, and innovation-led growth.At the inauguration of the India Pavilion at the World Economic Forum annual meeting in Davos, Minister Sridh…