New Delhi, July 9 (IANS) India’s economy is projected to grow 6.6 per cent in FY27, with the country expected to remain among the world’s fastest-growing major economies despite global headwinds, supported by policy measures and strong services exports, a report has said.The report by the Asian Development Bank (ADB) highlighted that its revised FY27 growth projection remains higher than the International Monetary Fund’s (IMF) latest FY27 growth estimate of 6.4 per cent.”Growth will be supported…
Latest inflation News & Updates
Washington, July 2 (IANS) President Donald Trump has said the United States had entered a “golden age”, pointing to lower oil prices, record investment and a strong labour market as evidence that the country’s economy was gaining momentum. Speaking at the dedication of the Theodore Roosevelt Presidential Library in Medora, North Dakota, on Wednesday (local time), Trump said falling energy prices would benefit American consumers and businesses.”The oil is dropping,” Trump said. “I don’t give a da…
Patna, June 29 (IANS) The political confrontation between the ruling alliance and the opposition in Bihar has intensified after Leader of the Opposition Tejashwi Yadav launched a sharp attack on Chief Minister Samrat Choudhary, describing him as a “rubber-stamp” and a “selected Chief Minister.” Addressing the media, Tejashwi Yadav alleged that the state government has failed to address key issues, including inflation, unemployment, law and order, and corruption, and accused the administr…
New Delhi, June 27 (IANS) Foreign institutional investors (FIIs), after being net buyer in the previous week, again turned net sellers this week in the Indian markets, offloading Rs 2,080 crore based on provisional exchange data.On the other hand, domestic institutional investors (DIIs) were net buyers, purchasing Rs 11,100 crore in the Indian markets. In the month of June, FIIs have sold a cumulative Rs 45,130 crore, while DIIs have bought Rs 76,160 crore.“In the current truncated week, FIIs …
New Delhi, June 26 (IANS) Goldman Sachs has raised India’s GDP growth forecast to 6.8 per cent for calendar year 2026 from 6.5 per cent earlier, following the US-Iran peace deal that has led to lower global oil prices and eased supply chain disruptions.The investment bank has also raised its FY27 GDP growth forecast for the country by 40 basis points to 6.5 per cent.In its latest report, titled ‘India: Improved macro outlook after the US-Iran deal’, the global investment bank said it has rev…
Seoul, June 26 (IANS) South Korea will lower the cap on fuel prices to reflect the recent decline in global crude oil prices, the finance minister said on Friday, while freezing electricity and gas rates in the second half this year.Finance Minister Koo Yun-cheol made the remarks during a meeting with economy-related ministers, noting the cap system will remain in place until consumer prices are fully stabilised.Details of the adjustment to the cap were expected to be announced later Friday, rep…
Washington, June 25 (IANS) The International Monetary Fund (IMF) on Thursday said the ceasefire in the Middle East and progress towards reopening the Strait of Hormuz have eased immediate risks to the global economy, although it cautioned that the full impact of the recent conflict has yet to play out.Speaking at a regular IMF press briefing, Julie Kozack, Director of the IMF’s Communications Department, said the war had once again tested the resilience of the global economy, but recent developm…
Washington, June 25 (IANS) The International Monetary Fund (IMF) on Thursday said Argentina has continued to make “important progress” in restoring macroeconomic stability, with growth strengthening, inflation declining, and financing conditions improving, while expressing confidence that the country will continue to meet its obligations to the Fund. Speaking at a regular IMF press briefing, Julie Kozack, Director of the IMF’s Communications Department, said Argentina’s economic reforms were beg…
New Delhi, June 25 (IANS) Indian equities may remain range-bound in the near term, but long-term outlook remains positive, backed by strong economic fundamentals and structural growth drivers, a report said on Thursday.The report from PL Wealth recommended staggered investments in quality large‑cap and large‑and‑mid‑cap strategies for short‑term investors.As inflation pressures ease and external headwinds decline over the medium term — six to 24 months — domestic growth drivers sho…
New Delhi, June 23 (IANS) India’s markets successfully navigated a turbulent quarter of geopolitical shocks, and US-Iran peace deal and oil trading near $70–$80 per barrel will help ease inflation, support the rupee, reduce the import bill, and benefit rate-sensitive and oil-consuming sectors, a report said on Tuesday.The report from smallcase said the key risk remains any breakdown of the peace deal or renewed disruption at the Strait of Hormuz. It could re-spike crude, revive inflation and…