Washington, April 15 (IANS) India’s remittance inflows could come under pressure if economic disruption persists in the Gulf region, with potential losses estimated at up to $10 billion, Chief Economic Advisor V. Anantha Nageswaran said on Wednesday. Addressing the US-India Economic Forum 2026, Nageswaran highlighted the vulnerability of remittance flows to geopolitical tensions and economic slowdowns in key host countries.India received about $124 billion in remittances in 2024–25, ma…
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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 9 (IANS) Pakistan’s economy remains under pressure, as its decision to secure a $600 million short-term loan from Standard Chartered Bank has once again highlighted the country’s fragile external financing position amid mounting fiscal and external challenges, according to a new report.According to an Asian News Post report, the loan is priced at SOFR plus 2.6 per cent — translating to an interest rate of around 6.3 per cent — aimed at supporting foreign exchange reserves,…
New Delhi, March 24 (IANS) The decision to enter another IMF funding arrangement has been a subject of continuous debate in Pakistan, as the country has already gone to the multilateral lending institution as many as 24 times for bailout packages to restore its macroeconomic vulnerabilities.Pakistan’s economy has been growing in a “stop-start” pattern as it improves for a while, with these IMF programmes bringing some stabilisation in the short-term, but then worsens again as there is no susta…
Washington, March 22 (IANS) India’s economic momentum is facing a fresh strain as the ongoing US-Israeli war on Iran disrupts its deep-rooted ties with the Gulf, a key pillar of trade, energy supplies, and remittances, according to a New York Times report.Only weeks ago, India appeared well placed among major economies, with strong growth, stable inflation, and robust reserves. But its growing economic integration with the Gulf — long seen as an advantage — is now emerging as a vulnerability…
New Delhi, March 18 (IANS) As Pakistan faces a deepening poverty crisis as per the latest government data, the country is actually facing “institutional poverty” — the absence of strong, predictable and resilient institutions that protect incomes, enable opportunity and absorb shocks, a new report has said.The Planning Commission of Pakistan revealed that monetary poverty has risen from 21.9 percent in 2018–19 to 28.9 percent in 2024–25, but the country is not only facing monetary pove…
Mumbai, March 17 (IANS) Pakistan’s recent signs of economic stability are now under fresh pressure as rising tensions in the Middle East threaten to disrupt its fragile recovery, a report has said. The escalation involving the United States, Israel and Iran has raised concerns over the country’s heavy dependence on the Gulf region for energy, remittances and financial support, according to The News International report.In recent months, Pakistan had shown improvement in key economic indicato…
New Delhi, March 13 (IANS) While Pakistan has enacted important legal protections for women in the workplace, the real challenge is enforcing those laws, with many organisations failing to establish functional inquiry committees or treating them as formalities, a new report has said.At an event organised by the Pakistan Institute of Labour Education and Research (PILER) on occasion of International Women’s Day, participants highlighted that fear of retaliation, social stigma and lack of trust …
New Delhi, March 11 (IANS) The US-Israel war on Iran has come as a big economic jolt for Bangladesh as the nation is heavily reliant on imported fuel and remittances from workers in the Middle East, according to a report in the Dhaka-based The Daily Star newspaper.According to economists, the crisis due to the war risks setting off a chain reaction: rising energy prices, disrupted trade flows, weakened export competitiveness, turmoil in the migrant labour market and remittance inflows, higher in…
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 …