New Delhi, Jan 4 (IANS) Pakistan’s investment climate is facing a deepening crisis, with fresh data and recent developments showing that the country is struggling to attract both local and foreign capital despite repeated policy initiatives.Pakistan’s investment-to-GDP ratio remains stuck at around 13.1 per cent, far below the regional average of over 30 per cent.This places Pakistan among the weakest performers in its neighbourhood, where higher investment levels have helped economies boost…
Latest Economy News & Updates
New Delhi, Jan 1 (IANS) India’s GST (goods and services tax) collection recorded a 6.1 per cent increase to Rs 1,74,550 crore in December 2025 compared to Rs 1,64,556 crore the same month of the previous year, reflecting the increase in economic activity during the month, official figures released on Thursday showed.Central GST collections rose to Rs 34,289 crore, state GST collections to Rs 41,368 crore, and integrated GST collections to Rs 98,894 crore.The government raised Rs 4,551 crore vi…
Gandhinagar, Dec 31 (IANS) With an aim to ensure uniform economic development across all districts and further strengthen Gujarat’s contribution to the national economy, Chief Minister Bhupendra Patel has directed officials to work towards increasing district-wise GDP, thereby accelerating the overall growth rate of the state, spokesperson minister Jitu Vaghani said. Addressing a press conference after a cabinet meeting held in Gandhinagar, Vaghani said the Chief Minister emphasised that Gujar…
New Delhi, Dec 30 (IANS) Economist and former President of the Institute of Chartered Accountants of India (ICAI), Ved Jain, on Tuesday said that allowing 100 per cent foreign direct investment (FDI) in the insurance sector will prove to be a positive step for India’s economy and consumers.Speaking to IANS, Jain said that in developed countries, FDI in insurance has not created problems; instead, it has increased competition and improved services.“With 100 per cent foreign investment, compet…
New Delhi, Dec 30 (IANS) Prime Minister Narendra Modi on Tuesday held discussions with economists and sectoral experts for suggestions on boosting economic growth and creating more jobs in the economy as part of the consultation process for the Union Budget 2026-27, which is likely to be presented in Parliament on February 1. Senior officials from NITI Aayog, leading economists and experts from various sectors participated in the brainstorming session. Finance Minister Nirmala Sitharaman was als…
Shimla/Manali, Dec 30 (IANS) After an extremely wet southwest monsoon in Himachal Pradesh that claimed several lives and damaged infrastructures, this winter has been bereft of precipitation since October 9, turning mountains brown due to the lack of a “blanket of snow” and rains. As the New Year dawns, a hope of widespread snow and rain has cheered both the tourists and local farmers.As per the India Meteorological Department (IMD), Himachal Pradesh may receive rain and snow on December 31….
New Delhi, Dec 29 (IANS) With GDP valued at $4.18 trillion, India has surpassed Japan to become the world’s fourth-largest economy and is poised to displace Germany from the third rank in the next 2.5 to 3 years with projected GDP of $7.3 trillion by 2030, an official statement said on Monday.The growth momentum further surprised on the upside, with GDP expanding to a six-quarter high in Q2 of 2025-26, reflecting India’s resilience amid persistent global trade uncertainties.Domestic drivers-…
Shimla, Dec 27 (IANS) In a step to redefine the state’s economic landscape and achieve the vision of a self-reliant Himachal Pradesh by 2027, Chief Minister Sukhvinder Sukhu has initiated the ‘Green to Gold’ initiative, which aims to transition the state from a narrative of illicit trade to global leadership in the bio-economy by legalising and regulating the cultivation of industrial hemp.CM Sukhu said for decades, cannabis has grown wild across the valleys of Kullu, Mandi, and Chamba, often …
New Delhi, Dec 27 (IANS) A Free Trade Agreement (FTA) with India will add more employment, exports, and raise incomes, said New Zealand Prime Minister Christopher Luxon on Saturday.He said this as India and New Zealand concluded a comprehensive and long-awaited FTA, marking a major economic and strategic milestone.“We said we’d secure a Free Trade Agreement with India in our first term, and we’ve delivered,” Luxon said in a post on social media platform X.“This landmark deal means more…
New Delhi, Dec 26 (IANS) Pakistan has become chronically dependent on bailouts from the International Monetary Fund (IMF) as it has been plunging from one fiscal crisis into another over the years. It is, however, ironic that the country been getting these loans despite Islamabad’s failure to meet the IMF conditions to revive the economy.Pakistan is now headed for its 25th IMF loan with the latest $7 billion Extended Fund Facility (EFF), stretched over 37 months, and the accompanying $1.4 bill…