New Delhi, April 17 (IANS) India’s logistics sector is projected to touch $362 billion by FY30 from $246 billion in FY25, growing at a CAGR of 8 per cent over rising consumption, expanding trade, as well as cost optimisation and efficiency gains from key government schemes, a report said on Friday.The report from Brickwork Ratings projected freight volume to exceed 7,100 million tonnes by FY30 from roughly 5,000 tonnes in FY24, at a CAGR of 6.1 per cent.“Manufacturing, construction, e-commer…
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New Delhi, April 16 (IANS) India’s tourism and hospitality sectors remain resilient on strong domestic demand, even as the ongoing West Asia conflict disrupts international travel, an industry body said on Thursday.Despite global headwinds, the hospitality sector remains relatively stable, supported by a strong ‘V-shaped’ recovery and robust domestic demand, according to a report by PHD Chamber of Commerce and Industry (PHDCCI).Moreover, the restaurant and food services segment also saw mixed …
New Delhi, April 16 (IANS) India’s benchmark 10-year government bond yield could ease below the 7 per cent mark by June, even as near-term volatility persists due to global and domestic factors, a report said on Thursday.As per the analysis of Crisil Intelligence, bond yields witnessed significant volatility in March, driven by a sharp rise in crude oil prices and heightened geopolitical tensions, which pushed the benchmark yield to its highs for the current financial year.However, easing inflat…
New Delhi, April 16 (IANS) The International Monetary Fund (IMF) lowered Pakistan’s economic growth forecast to 3.5 per cent for the fiscal year 2026-27 and raised its inflation outlook, a report has said.In its latest World Economic Outlook released during the Spring Meetings, the IMF cut down the growth projection from its earlier estimate of 4.1 per cent, citing the impact of the ongoing Middle East conflict, while warning that the global economy could face significant disruptions if the wa…
Gandhinagar, April 16 (IANS) Gujarat contributes 8.3 per cent to India’s gross domestic product (GDP), along with 18 per cent of the country’s industrial output and 31 per cent of exports, Chief Minister Bhupendra Patel said on Thursday after inaugurating a three-day trade expo in the state capital.Addressing the opening of the Gujarat Advanced Technology and Economy Expo (GATE) 2026, organised by the Gujarat Chamber of Commerce and Industry (GCCI), Patel said, “The state’s economic perfor…
New Delhi, April 16 (IANS) India’s external position showed resilience in March 2026 as the goods trade deficit fell to $21 billion due to a sharp fall in precious‑metal imports and a rebound in exports, a report said on Thursday.Meanwhile, a robust services sector surplus continued to offset the higher goods deficit, the report from Emkay Global Financial Services noted.India’s total imports fell about 6 per cent month‑on‑month to $59.6 billion, and total exports rose 6 per cent to $38.9 …
Washington, April 15 (IANS) India faces rising risks from global conflict and energy price volatility, but enters the new financial year with a strong macroeconomic position, Chief Economic Advisor V. Anantha Nageswaran said on Wednesday. Speaking at the US-India Economic Forum 2026, Nageswaran said the government’s 6.5 per cent GDP growth forecast may be conservative, but cautioned that “we shouldn’t underestimate or understate the wide range of uncertainty that prevails.”He said …
New Delhi, April 14 (IANS) A structural shift in India’s household finances has pushed physical assets, primarily real estate, to almost 70 per cent of household savings from the pre-pandemic average of 58 per cent during FY16-FY20, a report said on Tuesday.Meanwhile, household financial debt has jumped to 6.2 per cent of GDP in FY24, compared to the pre-pandemic average of approximately 4.1 per cent, reducing net financial savings from 7.7 per cent to 5.2 per cent of GDP, the report from mult…
New Delhi, April 12 (IANS) Pakistan is facing renewed concerns over rising poverty levels, with fresh estimates by the Social Policy and Development Centre (SPDC) suggesting that the country’s poverty rate has climbed to 43.5 per cent, a report has said. This figure is significantly higher than the 28.9 per cent estimated by the Pakistan Bureau of Statistics (PBS) based on the Household Integrated Economic Survey 2024-25, as per the Business Recorder report.The divergence in estimates stems la…
New Delhi, April 12 (IANS) Pakistan Railways, once regarded as a backbone of national integration, is grappling with a severe structural crisis marked by weak governance, ageing infrastructure and declining public trust, a report has said.According to recent government and industry data cited by The News International, the railways’ revenue has risen significantly from around Rs 60 billion in 2021-22 to over Rs 93 billion in 2024-25 — reflecting nearly 50 per cent growth.The increase has been…