Washington, Jan 16 (IANS) India is the key growth engine for the world, the International Monetary Fund (IMF) said on Thursday, noting that the country’s third-quarter growth came out stronger than expected. “What we have seen in India is that India is a key growth engine for the world,” Julie Kozack, Director of IMF’s Communications Department, told reporters at a news conference here on Thursday.She was responding to a query on the IMF’s assessment of India’s growth story in 2025.Kozack said t…
Latest Global Economy News & Updates
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 9 (IANS) A new United Nations (UN) report has said that GDP growth in India is estimated at 6.6 per cent for 2026 and 6.7 per cent for 2027 — supported by resilient consumption and strong public investment, which should largely offset the adverse impact of higher United States tariffs.Recent tax reforms and monetary easing should provide additional near-term support, said the ‘World Economic Situation and Prospects 2026’ report.“Several large developing economies, including C…
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 7 (IANS) India’s real GDP growth rate has been projected at 7.4 per cent in FY 2025-26, up from 6.5 per cent during FY 2024-25, according to the advanced estimates released by the Ministry of Statistics on Wednesday.The buoyant growth in the services sector has been found to be a major driver with a robust growth of 9.9 per cent at constant prices in FY 2025-26 for financial services, real estate, professional services, and public administration.Trade, hotels, transport, and com…
Mumbai, Jan 6 (IANS) Institutional investments in the Indian real estate sector reached a record $8.5 billion in 2025, a 29 per cent year‑on‑year rise, a report said on Tuesday.The report from Colliers India said that domestic institutional capital more than doubled to $4.8 billion, driving 57 per cent of total inflows, while foreign capital moderated 16 per cent to $3.7 billion.Cross-border investments showed signs of recovery in the final quarter, indicating a gradual improvement in global…
New Delhi, Jan 1 (IANS) Despite an uncertain and challenging global economic backdrop, the Indian economy continues to grow strongly, underpinned by robust domestic demand, benign inflation, and prudent macroeconomic policies, the Reserve Bank of India (RBI) has said.The domestic financial system remains robust and resilient, bolstered by strong balance sheets, easy financial conditions, and low financial market volatility. Nonetheless, there are near-term risks from external uncertainties – geo…