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…
Latest Economy News & Updates
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…
Seoul, Jan 20 (IANS) Excessive regulations on large companies may have cut the country’s gross domestic product (GDP) by up to 111 trillion won ($75.2 billion) in 2025, a major business lobby argued on Tuesday, calling on the government to ease regulatory burdens on firms seeking to expand.The Korea Chamber of Commerce and Industry (KCCI) made the assessment in a report, noting that the so-called “growth penalty,” which refers to additional tax and regulatory burdens imposed on companies as they…
Mumbai, Jan 19 (IANS) The stakeholder sentiment in India’s property market stabilised with a positive bias at the end of 2025, as market enters 2026 on steadier footing, a report said on Monday.The report from Knight Frank and NAREDCO showed that the ‘Current Sentiment Score’ edged up to 60 in Q4 2025, up from 59 in Q3, while ‘the Future Sentiment Score’ was 61, unchanged from the prior quarter, both remaining in the “optimistic zone.””The readings underscore a market supported by improving ma…
New Delhi, Jan 15 (IANS) Pakistan’s current state of affairs cannot drive the 250 million-strong population towards sustained progress due to cross-cutting constraints affecting all 20 priority export products and six export drivers, a media report has stressed, highlighting that blaming the IMF will not do any good for the country, which is massively suffering across economic parameters.A panel constituted by Prime Minister Shehbaz Sharif reached this conclusion after discussions with industr…
New Delhi, Jan 15 (IANS) Pakistan’s dangerous gamble with cryptocurrency has raised fresh concerns about the country’s already weakening economy, according to a new report.Nikkei Asia reports that Pakistan is rapidly expanding its footprint in the cryptocurrency space by welcoming global crypto exchanges.“Pakistan believes it has come up with a way to make government and other assets more accessible to global investors, thereby improving liquidity, but one that is raising alarm bells,” a…
Seoul, Jan 15 (IANS) South Korea’s central bank again left its benchmark interest rate unchanged on Thursday as a weakened won and rising inflation concerns limited room for further easing.In a widely expected decision, the Monetary Policy Board of the Bank of Korea (BOK) held the key rate at 2.5 per cent at its rate-setting meeting in Seoul, marking the fifth consecutive on-hold decision since July, reports Yonhap news agency.”Inflation is expected to gradually decline, though the elevated exch…
New Delhi, Jan 10 (IANS) Pakistan’s worsening unemployment and economic stagnation are not the result of a lack of ideas or strategies, but the outcome of ten deeply entrenched policy regimes that directly suppress job creation, productivity and investment, a report has said.The report by Business Recorder argued that these policies benefit narrow and powerful elites while spreading economic costs across millions of citizens, making large-scale job creation impossible.The report said that Paki…
New Delhi, Jan 10 (IANS) The government in Pakistan is actively feeding ‘paper growth’ sectors that may bring some GDP growth but do not stimulate commercial investment — like real estate where the rich park their wealth and let it grow, according to a new report.Since 2019, the poorest 20 per cent of Pakistani households have seen their real monthly incomes plunge by nearly 12 per cent, said the Editorial in The Express Tribune.“In contrast, the wealthiest quintile enjoyed a 7 per cent incre…
New Delhi, Jan 7 (IANS) Prime Minister Narendra Modi held a telephonic conversation with Israeli counterpart Benjamin Netanyahu on Wednesday with both leaders discussing ways to further strengthen the bilateral strategic partnership. The two leaders also discussed the regional situation and reaffirmed their shared resolve to fight terrorism.”Glad to speak with my friend, Prime Minister Benjamin Netanyahu and convey New Year greetings to him and the people of Israel. We discussed ways to further …