Gandhinagar, May 16 (IANS) The intra-BRICS merchandise trade has risen thirteen-fold, from $ 84 billion in 2003 to $ 1.17 trillion in 2024, outpacing the growth in global trade and contributing to greater resilience and diversification for member countries, Rajesh Agrawal, Commerce Secretary said on Saturday.Speaking at 2nd meeting of the BRICS Contact Group on Trade and Economic Issues (CGETI) here, the top government official underscored that BRICS has continued to grow stronger and has emerge…
Latest Emerging Markets News & Updates
New Delhi, May 6 (IANS) India has earned an endorsement from one of the world’s top credit rating agencies, with Moody’s Ratings placing the nation among the most resilient large emerging market economies over the past five years, which is a recognition that comes at a time when global financial markets remain on edge over trade tensions and geopolitical uncertainty.In a recently released report, Moody’s said India ‘better placed’ than most of its emerging market peers to absorb future global sh…
Washington, April 16 (IANS) The global economy is set to slow in 2026 as war-driven disruptions in energy supplies and trade routes push up prices and dent growth, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said, warning of tougher conditions if the conflict persists. “Even if the conflict is short-lived, extensive infrastructure damage and supply-chain disruptions are pushing prices up and slowing global growth down from 3.4 per cent last year to 3.1 per cent in …
Washington, April 16 (IANS) India’s economy is expected to remain resilient even as global growth slows amid war-driven disruptions, with strong fundamentals helping it outperform most economies, the International Monetary Fund’s Managing Director Kristalina Georgieva has said. “Look at India today. India’s growth is more than two times higher than the average global growth,” Georgieva said at a press briefing during the IMF Spring Meetings on Wednesday (local time).She attributed Indi…
Washington, April 15 (IANS) Global financial markets have remained resilient despite volatility triggered by the Middle East conflict, the International Monetary Fund said and warned that rising debt levels and limited policy space could amplify risks if conditions worsen.Presenting the latest Global Financial Stability Report, IMF Financial Counsellor Tobias Adrian said markets have so far absorbed geopolitical volatility without major disruption. “The financial system has been resilient so f…
Washington, April 15 (IANS) The global economy is facing a sharp slowdown and rising inflation risks as the war in the Middle East disrupts energy supplies, the International Monetary Fund (IMF) warned on Tuesday, signalling heightened uncertainty for policymakers and markets.Presenting the latest World Economic Outlook, IMF Chief Economist Pierre-Olivier Gourinchas said the conflict has “halted” earlier growth momentum and raised the risk of a major energy shock, with oil and gas prices sur…
Washington, April 14 (IANS) The US dollar has retained its role as a global safe-haven currency despite recent volatility, the International Monetary Fund (IMF) has said, even as central banks worldwide remain on high alert to contain inflation risks triggered by the Middle East conflict. Speaking during a group interview with reporters from India, Japan, the UAE, the Netherlands and Chile, IMF Chief Economist Pierre-Olivier Gourinchas said recent market movements indicate a return to more tr…
Washington, April 14 (IANS) As global investors reassess risk in a shifting economic order, Mehul Pandya believes India has a chance to challenge long-standing norms in sovereign credit ratings — and to question why some economies are judged differently than others. Pandya, Managing Director (MD) and Group CEO of Care Ratings Limited, is in Washington for the Spring Meetings of the International Monetary Fund (IMF) and the World Bank, where he is meeting policymakers, investors and multilateral…
Mumbai, April 11 (IANS) Market breadth shows that domestic stock indices have passed an “Extreme Stress Zone” and marked a rewarding entry point for investors with a historical median one‑year forward return of over 17.5 per cent, a report said on Saturday.’Extreme Stress Zone’ is reached when over 70 per cent of Nifty 500 stocks trade below their 200‑day moving average and it indicates that fear has overwhelmed fundamentals in the markers, the report from Vallum Capital said.Indian mark…
New Delhi, April 3 (IANS) Global crude oil prices rose on Friday after US President Donald Trump warned of possible military strikes on Iran within two to three weeks, stoking fresh concerns over supply disruptions from the West Asia region.Brent crude futures traded at $109.24 per barrel, up 8 per cent, while US West Texas Intermediate (WTI) futures were at $111.54 per barrel by 3:39 am (local time).Till Friday, US WTI futures jumped 11.94 per cent from the previous Friday’s close during the we…