Tehran, March 11 (IANS) Iran’s Foreign Minister Seyed Abbas Araghchi, during his recent call with United Nations Secretary-General Antonio Guterres, emphasised the “serious expectation” of the Iranian government and nation from the Secretary-General and the UN Security Council to adopt “stronger and more responsible positions” in explicitly condemning the “ongoing aggression and crimes committed” in the region, Iran’s Foreign Ministry stated on Wednesday. Araghchi and Guterres spoke over the pho…
Latest Global Economy News & Updates
New Delhi, March 7 (IANS) With its demographic scale, expanding industrial base and ambition to assert a stronger global role, India offers the European Union (EU) both economic opportunity and geopolitical relevance, a new report has said.The article in EU Reporter says that one of the clearest indicators of this shift is the acceleration of EU–India relations. According to it, the resumption of negotiations for a long-delayed free trade agreement, expanding cooperation on supply chains, digi…
New Delhi, March 6 (IANS) While the Iran war has already driven Brent crude up around 9 per cent to near $80 per barrel and LNG prices by around 50 per cent in the global market, India has sufficient foreign exchange reserves, a low current account deficit (CAD) of 0.8 per cent of GDP in H1 FY26, and low inflation rates, which collectively allow it to effectively mitigate the impacts of rising global crude oil prices and ensure domestic energy security, according to the Finance Ministry’s mont…
New Delhi, March 5 (IANS) India is emerging as a key player in the global Artificial Intelligence revolution and is helping to democratise the technology not just for its own citizens but also for developing countries around the world, Kristalina Georgieva, Managing Director of the International Monetary Fund, said on Thursday.Speaking at the Asia in 2050 Conference in Bangkok, Georgieva said the rapid development of AI has the potential to reshape the global economy, with Asia playing a central…
New Delhi, Feb 24 (IANS) India’s GDP growth in the third quarter of FY26 is likely to come at 8-8.1 per cent, an SBI Research report said on Tuesday, adding that the domestic economy has maintained strong growth momentum despite global headwinds.High-frequency activity data indicates resilient economic activity in Q3 FY26 (October-December 2025). “Rural consumption remains strong, driven by positive signals from farm and non-farm activity. Supported by fiscal stimulus, urban consumption show…
Mumbai, Feb 15 (IANS) Foreign portfolio investors (FPIs) have made a strong comeback to Indian equity markets in early February, investing Rs 19,675 crore in the first fortnight of the month. The renewed interest comes after three straight months of heavy selling and is being supported by the US-India trade deal and easing global macroeconomic concerns.According to data from depositories, FPIs had pulled out large sums in the previous months.They withdrew Rs 35,962 crore in January, Rs 22,611 cr…
Washington, Feb 12 (IANS) The Trump Administration expressed optimism about Nepal’s upcoming election, as a senior official told lawmakers that the recent political upheaval there is part of a broader wave of democratic transitions across South Asia.During a House subcommittee hearing on South and Central Asia on Wednesday (local time), Assistant Secretary of State for South and Central Asian Affairs Paul Kapur said Washington is prepared to work with Nepal’s next government following months…
New Delhi, Feb 8 (IANS) Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagwat on Sunday underscored the importance of India engaging with the global economy. He stated that international trade agreements should be designed to provide mutual benefits while also protecting the interests of the nation and its farmers.He was speaking on Day 2 of the Mumbai Vyakhyanmala lecture series, organised as part of the “100 Years of Sangh Journey”.Bhagwat said, “People believe in power; they listen to t…
Mumbai, Feb 6 (IANS) The Reserve Bank of India has raised its real GDP growth projections for Q1 and Q2 of 2026-27 to 6.9 per cent and 7.0 per cent, respectively, RBI Governor Sanjay Malhotra announced on Friday.Explaining the rationale behind the hike in the growth forecast, Malhotra said, looking ahead, sustained buoyancy in the services sector, GST rationalisation, healthy rabi prospects, monetary easing and benign inflation environment should support private consumption. Investment activity,…
New Delhi, Feb 5 (IANS) The Reserve Bank of India (RBI) is likely to maintain status quo in the upcoming policy decision on Friday, as despite policy rate easing, government bond yields have exhibited persistent hardening in recent periods, among other reasons.According to economists, the choice of eligible securities itself may influence the effectiveness of OMO operations, even when the aggregate quantum of liquidity injection is unchanged.“We believe that the choice of eligible securities i…