Seoul, May 22 (IANS) Consumer sentiment rose at the fastest pace in about a year in May, driven by robust semiconductor exports and the stock market rally, the central bank said on Friday.The composite consumer sentiment index (CCSI) stood at 106.1 this month, up 6.9 points from April and surpassing the 100-point mark for the first time in two months, according to a survey by the Bank of Korea (BOK), reports Yonhap news agency.The reading had fallen for two straight months in March and April.The…
Latest GDP Growth News & Updates
Gandhinagar, May 19 (IANS) The Joint Parliamentary Committee (JPC) on ‘One Nation, One Election’ on Tuesday said simultaneous Lok Sabha, Assembly and local body elections could save nearly Rs seven lakh crore, improve governance efficiency and increase India’s GDP growth by up to 1.6 per cent, as committee chairperson and Lok Sabha MP P.P. Chaudhary outlined the panel’s ongoing consultations and proposed framework. Addressing a press conference, Chaudhary said India had followed a synchr…
New Delhi, May 13 (IANS) Leading global brokerage Morgan Stanley has projected India’s GDP growth to be healthy at 6.8 per cent for 2026, supported by strong domestic demand, government-led capital expenditure and improving industrial activity across Asia.Moreover, the brokerage in its latest outlook noted that the nation is likely to benefit from Asia’s emerging industrial and capital expenditure super-cycle, with domestic demand momentum remaining resilient despite global macroeconomic and…
New Delhi, May 13 (IANS) Morgan Stanley economists said on Wednesday they forecast India’s real GDP growth at 6.7 per cent in FY27 and 7 per cent for FY28 amid geo-political tensions, adding that the RBI policy measures would likely remain supportive to minimise damage to growth.The West Asia energy shock is most pronounced in quarter ending June 2026, when growth troughs at 6.5 per cent YoY amid elevated commodity prices and lingering supply chain frictions. “Thereafter, as supply-side cons…
New Delhi, May 12 (IANS) India’s economy continues to show resilience despite rising global uncertainty and the impact of the ongoing West Asia conflict, remaining the fastest-growing major economy in the world, an Assocham ‘Global Economic Outlook’ said on Tuesday.Despite global challenges, India’s economic fundamentals continue to remain resilient, with GDP growth expected to stay around 7 per cent in 2026-27.India entered this period with strong macroeconomic fundamentals, supported b…
New Delhi, May 11 (IANS) India’s economy has remained resilient amid global shocks and is projected to clock the full year 2026-27 GDP growth rate of 6.6 per cent, with real GDP growth of closer to 7.2 per cent in the fourth quarter last fiscal (Q4 FY26), an SBI Research report said on Monday.The GDP growth for last fiscal (FY26) is likely to be at 7.5 per cent. Despite global headwinds, the Indian economy has maintained strong growth momentum. High-frequency activity data indicates resilient …
New Delhi, May 8 (IANS) Economists on Friday said they do not expect the Reserve Bank of India (RBI) monetary policy committee to exhibit any urgency to tighten policy as yet amid fast-evolving geopolitical situation.RBI Governor Sanjay Malhotra said last month that Central Bank is closely monitoring the fallout from the West Asia conflict and will not make firm commitments on the future path of policy rates.He signalled that the central bank was in no hurry to move on rates. “We are in a wait-a…
New Delhi, May 7 (IANS) Operation Sindoor deepened Pakistan’s economic stress in 2026, with investor sentiment, tourism, the aviation sector and exports emerging as major casualties of the military initiative, a report has said.The report by Greek media house Greece City Times said the May 2025 military operation raised inflation, slowed growth, eroded confidence and worsened the country’s already fragile macroeconomic fundamentals.It intensified uncertainty for an economy already grappling …
Samarkand, May 4 (IANS) The Asian Development Bank (ADB) said it will commit up to 70 billion USD by 2035 to two initiatives to integrate power grids, expand cross-border electricity trade, and strengthen broadband access across the Asia-Pacific region.ADB President Masato Kanda launched the Pan-Asia Power Grid Initiative and the Asia-Pacific Digital Highway at the bank’s 59th annual meeting in Samarkand, Uzbekistan’s second-largest city, Xinhua news agency reported.”Energy and digital access wi…
Washington, April 23 (IANS) India’s transformation is being powered by a “primary and core impulse” of economic growth, prosperity, and national security, India’s Ambassador to the United States Vinay Mohan Kwatra said, outlining sweeping changes in governance, infrastructure, and technology.Speaking at The New India Conference in Washington, Kwatra said: “The primary impulse remains economic growth and prosperity… and the other challenges that we face to our national security, including c…