New Delhi, June 21 (IANS) Suzuki Motor President Toshihiro Suzuki and top executives of trading giant Itochu will be among the business leaders of 50 Japanese companies accompanying Prime Minister Sanae Takaichi for the India-Japan annual summit, scheduled for the first week of July at Assam’s Guwahati.The Japanese business delegation is expected to focus on investment opportunities, industrial cooperation and supply chain partnerships, according to a report in Nikkei Asia.This will be Prime Min…
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New Delhi, June 20 (IANS) India’s per‑capita steel consumption at around 90 kilograms per person annually far below the global average leaves substantial headroom for growth and the country is beginning to close, a new report has said.Compared with China’s per-capita steel intensity peak of 600 kilograms during its construction boom, India has a lot of room for growth, which will be driven by investment in railways, highways, urban transit systems, and renewable energy infrastructure, the …
New Delhi, June 13 (IANS) Balochistan is facing acute unemployment and economic insecurity and a new survey indicates that the province has emerged as Pakistan’s poorest region, with the poverty rate rising to 47 per cent.The ‘Pakistan Economic Survey 2025–26; finds that “nearly one in every two residents of the province is living below the poverty line, placing Balochistan well above the national average,” according to the report in Balochistan Post.The report says that Balochistan’…
New Delhi, June 11 (IANS) IT industry’s apex body Nasscom has announced the constitution of the UK Technology Advisory Council (TAC) that will serve as a strategic industry advisory body to the High Commission of India in UK, providing structured inputs on accelerating India-UK technology partnership, it was announced on Thursday.The aim is to boost government-led tech security initiative on artificial intelligence, enhance cross border trade, investment and talent development and streamline e…
New Delhi, June 9 (IANS) As the world economies begin to diversify in the challenging environment as part of their China+1 strategy, India, which has seen an average GDP growth between six and six-and-a-half per cent in the last 12 years, is cushioning itself by signing several trade deals with advanced economies, HSBC’s Chief India Economist Pranjul Bhandari said on Tuesday.Talking to IANS from Singapore, she said that India’s potential growth, at this point in time, lies in its ability to grow…
New Delhi, June 8 (IANS) Commerce Minister Piyush Goyal on Monday said India’s 7.7 per cent GDP growth reflected sustained policy interventions and economic reforms undertaken by the government over the past decade, which have ensured that the country remains the fastest-growing economy. “I don’t think any of you would have imagined that last year would close with a GDP growth of 7.7 per cent. This is not an accident, it is a decade of structural reforms,” he said.The minister launched the BHAVY…
Bhubaneswar, June 4 (IANS) The Biju Janata Dal (BJD) on Thursday launched a scathing attack on the ruling Bharatiya Janata Party (BJP), highlighting 24 alleged failures of the BJP-led state government. BJD spokesperson Lenin Mohanty outlined the alleged failures on the occasion of the completion of two years of the historic mandate that brought the party to power in Odisha. He said, “Today, 4 June, marks two years of your government in Odisha. Although the Biju Janata Dal (BJD) secured more vo…
New Delhi, June 4 (IANS) The Bharatiya Janata Party (BJP) leader Amit Malviya said on Thursday that Congress leader Rahul Gandhi’s claim about India heading towards an “economic tsunami” because the government has removed all shock absorbers “is not just wrong, it is classic fear-mongering.”If India’s shock absorbers had truly been removed, why is the economy continuing to show resilience despite elevated crude prices, conflict in West Asia, supply-chain disruptions, global financial tighten…
New Delhi, May 26 (IANS) Bharatiya Janata Party (BJP) leader Amit Malviya on Tuesday slammed Congress MP Jairam Ramesh for putting forward “alarmist and misleading” arguments to criticise the economic policy of the government. Ramesh, who is also the Congress party’s communications chief, stated on X that Finance Minister Nirmala Sitharaman was focusing on the “3Fs”, fuel, fertilisers, and forex, but was overlooking the “all-important fourth F: falling rates of private investment tha…
New Delhi, May 23 (IANS) Pakistan’s external sector has once again exposed the economy’s structural weaknesses amid the ongoing Middle East crisis, according to a new report.Despite short-term economic stabilisation measures, Islamabad has not done much to address deeper issues that continue to constrain its economic potential, according to the report in The Diplomat.Pakistan’s economy appears to be heading toward another challenging phase. “The current account deficit has once again res…