New Delhi, Jan 29 (IANS) Pakistan’s finance ministry has admitted that “public debt dynamics remained a key challenge” during the last fiscal year, as the increase in total public debt was “driven mainly by higher interest payments and exchange rate movements,” according to a report in the Karachi-headquartered Express Tribune newspaper.The debt burden of every Pakistani increased by 13 per cent to Rs 333,000 (Pakistani rupee) in the last financial year, while public debt remained a “c…
Latest fiscal year News & Updates
New Delhi, Jan 22 (IANS) The overnight signs of a climbdown in Greenland-related tensions will provide relief to market sentiments and rupee volatility is likely to persist in the near term but depreciation is expected to be more gradual than the recent sharp moves, a report showed on Thursday.The rupee rebounded from its all-time low levels to gain 15 paise at 91.50 against the US dollar in early trade on Thursday.According to Radhika Rao, Executive Director and Senior Economist at DBS Bank, th…
Washington, Jan 16 (IANS) The International Monetary Fund (IMF) signaled that it is likely to upgrade India’s growth forecast after the country’s economy expanded more strongly than expected in the latest quarter, reaffirming India’s role as a key driver of global growth.Responding to a question on India’s growth outlook for 2025, IMF Communications Department Director Julie Kozack said India continues to anchor global expansion even as uncertainty clouds the broader international econom…
Washington, Jan 13 (IANS) India’s economy is projected to remain among the world’s fastest-growing major economies, with growth estimated at 7.2 per cent in FY2025-26, supported by strong domestic demand despite rising global trade tensions, the World Bank said on Tuesday.In its latest Global Economic Prospects report, the World Bank said India’s resilience helped lift overall growth in South Asia in 2025, offsetting the impact of heightened policy uncertainty and global trade frictions.Grow…
New Delhi, Jan 8 (IANS) A United Nations (UN) report released on Thursday projects India’s GDP growth at a robust 6.6 per cent even as it expects the global economic growth to slow down to 2.7 per cent during 2026, due to geopolitical risks and policy uncertainty.”Strong demand in major markets may partially offset the US tariff hike impact on India,” the report states.Although the UN report has lowered the estimate for India’s growth rate from 7.4 per cent earlier, it is in tune with the IM…
New Delhi, Jan 8 (IANS) India’s economic growth is expected to outpace the National Statistical Office’s (NSO) first advance estimate, reflecting “buoyant high‑frequency data since September 2025 led by policy impetus,” a new report has said.The report from Morgan Stanley estimated real GDP growth at 7.6 per cent year‑on‑year for FY26 — above the NSO’s first advance estimate which pegged real GDP growth at 7.4 per cent YoY.The consensus estimate for FY26 growth is at 7.5 per cent an…
New Delhi, Dec 24 (IANS) Residential demand in India’s top seven cities is expected to ease 2–4 per cent this fiscal due to a high base effect but premiumisation will continue, a report said on Wednesday.The report from Crisil Intelligence said that commercial real estate demand is projected to expand this fiscal with demand rising 5–7 per cent and supply increasing 9–11 per cent, fuelled by leasing from global capability centres, flexible workspace operators and the IT/ITeS and BFSI sec…