Washington, April 14 (IANS) India’s growth outlook remains resilient despite rising global uncertainty triggered by the Middle East conflict, the Chief Economist of the International Monetary Fund (IMF) Pierre-Olivier Gourinchas said Tuesday projecting a steady expansion even as inflation edges higher.In a group interview with reporters from India, Japan, the UAE, the Netherlands and Chile, Gourinchas said, “India has been doing very, very well in 2025,” noting that growth is now estimated…
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Washington, Feb 19 (IANS) The International Monetary Fund has urged China to take stronger steps to revive domestic demand and reduce economic imbalances, warning that weak consumption and deflation could slow growth and affect the global economy. The IMF Executive Board, which concluded its 2025 Article IV consultation with China on February 13 (local time), said the economy “has remained remarkably resilient despite facing multiple shocks in recent years.”China’s economy grew 5 per cent …
Washington, Jan 13 (IANS) The global economy is showing greater resilience than expected despite historic trade tensions and policy uncertainty, with growth projected to remain broadly steady over the next two years, the World Bank said on Tuesday.In its latest Global Economic Prospects report, the World Bank said that global growth is projected to ease to 2.6 per cent in 2026 before edging up to 2.7 per cent in 2027, an upward revision from earlier forecasts.The stronger-than-anticipated perfor…
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…
Washington, Jan 7, (IANS) US President Donald Trump on Tuesday said that Prime Minister Narendra Narendra Modi was “not that happy” with him, citing tariffs, and is also seeking an early delivery of American-made Apache helicopters.Speaking at the House GOP Member Retreat, Trump said India had pressed Washington for faster delivery of military hardware, particularly attack helicopters ordered years ago. “I mean, I had India coming to me, sir. I’ve been waiting five years; we’re changin…
New Delhi, Dec 26 (IANS) A day after Beijing accused Washington of misrepresenting its defence policy in a recent Pentagon report, an article published by China’s state-controlled news portal stressed bilateral ties “in the economic and trade sphere” and their global impact.”International relations have never been smooth sailing. It requires wisdom and responsibility to stabilize the course and steer the overall situation amid turbulent waves,” People’s Daily Online observed on Friday.”Looking…