New Delhi, April 13 (IANS) Bangladesh is facing a major economic shock due to the disruption in oil and gas supplies through the Strait of Hormuz in the wake of the Iran war, as the country is heavily dependent on imports for its energy needs, according to an article in the local media. Years of relying on imported energy, along with slow progress toward renewable alternatives, have tied the economy to volatile global currents. When those currents turn turbulent, the exposure is immediate and un…
Latest Macroeconomic Stability News & Updates
New Delhi, April 9 (IANS) India has consistently shown strong resilience during global crises, not just surviving them but transforming and emerging stronger each time, Shaktikanta Das, Principal Secretary to the Prime Minister, said on Thursday.Speaking at the AIMA National Leadership Conclave in the national capital, Das said that India’s journey through turbulent times reflects its ability to grow despite challenges.“During every crisis, the country has not merely endured difficulties but…
New Delhi, March 11 (IANS) Strong services exports and steady remittance inflows could help cushion the impact of rising crude oil prices on India’s economy, even as the country remains heavily dependent on imported energy, a report showed on Wednesday.According to the report by DSP Netra, crude oil continues to be one of the most critical variables for India’s macroeconomic stability, particularly as the rupee has weakened recently amid rising global oil prices.India consumes about 5.3-5.5 …
New Delhi, Feb 22 (IANS) While the IMF loan has bailed out Pakistan from the brink of economic collapse for the time being, weak growth and fractious domestic politics suggest that the current period of stability may prove difficult to sustain over the medium term, according to an article. In September 2024, the IMF approved a $7bn Extended Fund Facility aimed at restoring macroeconomic stability and rebuilding policy credibility. To date, Pakistan has received roughly $3.3bn under the programme…