New Delhi, July 9 (IANS) India’s economy is projected to grow 6.6 per cent in FY27, with the country expected to remain among the world’s fastest-growing major economies despite global headwinds, supported by policy measures and strong services exports, a report has said.The report by the Asian Development Bank (ADB) highlighted that its revised FY27 growth projection remains higher than the International Monetary Fund’s (IMF) latest FY27 growth estimate of 6.4 per cent.”Growth will be supported…
Latest Energy Prices News & Updates
Washington, July 9 (IANS) India’s economy remains resilient despite the headwinds of higher global oil prices triggered by the Middle East conflict, the International Monetary Fund (IMF) said as it marginally lowered the country’s 2026 growth forecast to 6.4 per cent while projecting stronger expansion next year as the energy shock eases. The IMF, in its latest World Economic Outlook update released on Wednesday (local time), revised India’s growth forecast for 2026 down by 0.1 percentage point …
Washington, June 25 (IANS) The International Monetary Fund (IMF) on Thursday said an IMF team is in Sri Lanka to assess the country’s economic recovery programme, including the impact of higher energy prices following the recent conflict in the Middle East. Speaking at a regular IMF press briefing, Julie Kozack, Director of the IMF’s Communications Department, confirmed that the mission began this week and would conclude on June 30.”We do indeed have a team currently in Sri Lanka. This is a staf…
Washington, June 25, (IANS) India continues to be a major driver of global economic growth despite the economic impact of the Iran conflict and higher energy prices, the International Monetary Fund (IMF) said on Thursday, while cautioning that the country has not been immune to disruptions in global energy markets.Addressing a regular IMF press briefing, Julie Kozack, Director of the IMF’s Communications Department, said India’s economy had remained resilient despite external headwinds, supporte…
New Delhi, June 3 (IANS) As global economic growth slows down amid the West Asia crisis, India is projected to register 6.3 per cent growth in 2026–27 (FY27) and 6.4 per cent in 2027–28 (FY28), the Organisation for Economic Cooperation and Development (OECD) said on Wednesday.In the emerging-market economies, China’s growth is projected to ease from 5.0 per cent in 2025 to 4.5 per cent in 2026 and 4.3 per cent in 2027, as energy-related vulnerabilities and real estate sector adjustments we…
Washington, May 21 (IANS) The International Monetary Fund (IMF) has said its staff mission had held “constructive discussions” with Pakistani authorities on the country’s economic situation, including the fallout from the ongoing conflict in the Middle East, while reviewing Islamabad’s reform commitments and budget strategy for fiscal year 2027.An IMF mission led by Iva Petrova visited Islamabad from May 13 to 20. The talks focused on recent economic developments, implementation of refor…
New Delhi, May 17 (IANS): Oil prices in the global market are likely to remain in the high range of $90 to 110 per barrel “as there is little prospect of a swift and durable settlement between the US and Iran and with it the full reopening of the Strait of Hormuz”, according to a Moody’s global report on geopolitical risks.Moody’s said even if safe passage in the Strait were to resume in the next six months, the oil market would remain supply-constrained, with persistently higher and more vola…
Washington, Aprril 30 (IANS) Surging oil prices driven by the Middle East conflict are clouding the US Federal Reserve’s economic outlook, with policymakers warning of rising inflation and uneven global impact, particularly on energy-dependent regions such as Asia. Federal Reserve Chair Jerome Powell said higher energy costs are already feeding into inflation, complicating the central bank’s policy path. “Inflation has moved up and is elevated, in part reflecting the recent increase in glo…
Washington, April 23 (IANS) US Treasury Secretary Scott Bessent rejected claims that Iran has gained financially from sanctions relief, telling lawmakers the estimates were inaccurate and overstated.Testifying before a Senate panel, Bessent dismissed assertions that Tehran had received billions in additional revenue during the ongoing conflict.“The $14 billion is a myth,” he said, pushing back against criticism from lawmakers.The exchange came during questioning by Chris Coons, who argued th…
Washington, April 20 (IANS) India’s growth outlook remains relatively strong, but a prolonged rise in global energy prices could pose risks to the economy, the International Monetary Fund said. “We have modestly increased our forecast by 0.1 percentage point,” Krishna Srinivasan, Director of the IMF’s Asia and Pacific Department, said at a press briefing during the Spring Meetings.He said the upgrade reflects strong momentum entering 2026 and easing tariff pressures. “Momentum coming i…