Washington, May 23 (IANS) A bipartisan group of US lawmakers has urged the Trump administration to retain the existing visa framework for international students and scholars, warning that proposed restrictions could damage America’s technological edge, economic competitiveness and research leadership.In a letter sent to Homeland Security Secretary Markwayne Mullin and Office of Management and Budget Director Russ Vought, four members of Congress cautioned against replacing the current “Durat…
Latest GDP News & Updates
New Delhi, May 22 (IANS) Commerce and Industry Minister Piyush Goyal held a brainstorming session with senior officials of various ministries and captains of Indian industry on drawing up an action plan to strengthen the country’s manufacturing sector.”Chaired a comprehensive and productive meeting with officials from key ministries and leading industry associations to strategize on boosting domestic manufacturing,” the minister said in a post on X.”Reaffirmed the Government’s commitment to wo…
New Delhi, May 22 (IANS) India’s start‑up ecosystem has entered a phase of “cautious growth” with an active initial public offering pipeline with 70 to 120 start‑ups expected to get listed by 2030, a report said on Friday. The report from professional services firm Aon said start‑ups are likely to deliver an average salary increase of 9.7 per cent in 2026, reflecting a moderation from earlier peaks but still remaining competitive in attracting critical talent.In January 2026, 23 star…
New Delhi, May 22 (IANS) As Pakistan gets included among world’s ten most severe hunger hotspots in the Global Report on Food Crises (GRFC) 2026, the country faces a dangerous overlap of climate shocks, economic fragility and rising inflation, a new report has said.The report from Maldives Insight said that surging fuel prices due to Middle East conflict has added a fresh layer of pressure into an already strained system.The Human Rights Council of Pakistan warned that the fuel price hike amou…
New Delhi, May 22 (IANS) Europe is among the most exposed to the China shock as it faces a price war, a massive surge of cheap Chinese goods imports and de-industrialisation, but they are not taking the necessary actions against these threats because of fears of retaliation and coercion from Beijing, according to an article published by the European Council on Foreign Relations (ECFR).The article laments that a comprehensive policy package to offset this imbalance with China — including import…
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…
United Nations, May 20 (IANS) India will remain the world’s fastest-growing major economy, recording a rise of 6.4 per cent this year, showing resilience in a world buffeted by Iran war’s fallout, according to the world organisation.”We have seen structurally very robust growth in India, which has been driven by consumer demand, by public investment, but also by strong performance in services exports”, Ingo Pitterle, the UN’s senior economist heading its Global Economic Monitoring Branch…
New Delhi, May 18 (IANS) India’s current account deficit (CAD) is likely to be about 2.1 per cent of GDP for FY27, assuming an oil average of $85 per barrel, a report said on Monday.The report from HDFC Bank said elevated crude and a closed Strait of Hormuz pose upside risks to forecast, adding that the recent gold import compression measures could provide some offset.The bank said that raising import duty to curb gold imports could trim the deficit, estimating a 20 per cent decline in gold vo…
New Delhi, May 16 (IANS) Pakistan’s latest GDP data points to a fragile and uneven recovery, with the economy growing 3.7 per cent in the current fiscal year, below the government’s 4 per cent target and marginally under the nation’s State Bank projection range, a report has said.The report published in Dawn highlighted that the growth underscores the country’s continued struggle to break out of a prolonged low-growth trap shaped by structural weaknesses, external financing pressures and r…
New Delhi, May 16 (IANS) The Ministry of Statistics & Programme Implementation (MoSPI) is developing a framework to measure the contribution of knowledge and knowledge products to the Indian economy, an official statement said on Saturday.The framework is needed due to rapid technological change and complex skill demands that make such an assessment essential, the statement from the MoSPI said.The exercise addresses the growing centrality of knowledge in economic activity and will help formu…