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Despite a modest improvement in recent months, a majority of chief economists expect global economic conditions to weaken this year but see India anchoring South Asia as the brightest growth spot despite mounting trade headwinds, a new survey showed on Friday. In its latest Chief Economists Outlook report, released ahead of the Davos annual meeting next week, the World Economic Forum said the global economic outlook has improved modestly but remains uncertain, with asset valuations, mounting debt, geo-economic realignment, and rapid deployment of artificial intelligence creating both opportunities and risks. Nearly 53 per cent of chief economists surveyed expect global economic conditions to weaken in the year ahead, down from 72 per cent in September 2025, it said. The report, drawing from consultations and surveys with chief economists from the public and private sectors worldwide, said South Asia has returned to the top of the regional growth outlook. Two-thirds of the chief ...
Voters went to the polls on Sunday for the initial phase of Myanmar's first general election in five years, held under the supervision of its military government while a civil war rages throughout much of the country. Critics charge that the election is designed to add a facade of legitimacy to military rule, which began after the army ousted the elected government of Aung San Suu Kyi in February 2021. Her party won a landslide victory in the 2020 election but was blocked from taking office for a second term. In Yangon, the country's largest city, Naypyitaw, the capital, and elsewhere, voters were casting their ballots at high schools, government buildings and religious buildings. Critics argue that the results will lack legitimacy due to the exclusion of major parties and limits on freedom of speech and an atmosphere of repression. They contend that the expected victory of the military-backed Union Solidarity and Development Party makes the nominal transition to civilian rule a ..
President Droupadi Murmu on Tuesday said it is time to further expand bilateral ties between India and Mongolia by adding contemporary dimensions of cooperation. Welcoming Mongolian President Khurelsukh Ukhnaa and his delegation to Rashtrapati Bhavan, she said that shared cultural heritage and democratic values are the foundation of India-Mongolia relations. India and Mongolia are 'Strategic Partners', 'Third Neighbours', and 'Spiritual Neighbours', the President said. Murmu said India attaches the highest priority to its development and capacity-building partnership with Mongolia, and is fully committed to the timely completion of all the projects currently underway, which will emerge as lasting symbols of India-Mongolia friendship and cooperation. The President also appreciated the close cooperation between the two countries, as members of the Global South, in multilateral fora, including at the United Nations. Both leaders agreed that it is time to further expand the bilateral
Airbus has appointed Jrgen Westermeier as the President and Managing Director for India and South Asia. The appointment of 53-year-old Jrgen, currently the Executive Vice-President and Chief Procurement Officer at Airbus, will be effective from September 1, the aircraft maker said in a release on Wednesday. He will succeed Rmi Maillard, who will become Executive Vice-President Engineering for Commercial Aircraft and Head of Technology at Airbus. India is a key market for Airbus, which has a significant presence in commercial aircraft and defence segments. "In his new role, Jrgen will spearhead Airbus' business in India and South Asia, across Commercial Aircraft, Defence and Space, and Helicopters. He will be responsible for commercial aircraft sales and for expanding the company's footprint in the region, which includes services, engineering, digital, innovation and training. "Jrgen will also help advance Airbus' commitment to 'Make in India' by supporting the company's campaigns
Floods that damaged hydropower dams in Nepal and destroyed the main bridge connecting the country to China show the vulnerability of infrastructure and need for smart rebuilding in a region bearing the brunt of a warming planet, experts say. The flooding of the Bhotekoshi River on July 8 also killed nine people and damaged an inland container depot that was being built to support increasing trade between the two countries. The 10 damaged hydropower facilities, including three under construction, have a combined capacity that could power 600,000 South Asian homes. Another smaller flood in the area on July 30 damaged roads and structures, but caused less overall destruction. Nepal's location in the Himalayan mountains makes it especially vulnerable to heavy rains, floods and landslides because the area is warming up faster than the rest of the world due to human-caused climate change. Climate experts say the increasing frequency of extreme weather has changed the playbook for assessin
South Asia has achieved its highest-ever immunization coverage for children, with notable progress in India and Nepal, according to new data released on Tuesday by the World Health Organization (WHO) and UNICEF for 2024. India reduced its number of zero-dose children those who have not received a single vaccine by 43 per cent, from 1.6 million in 2023 to 0.9 million in 2024. Nepal achieved a 52 per cent reduction, from 23,000 to 11,000, a WHO statement said. Pakistan also recorded its highest-ever DTP3 (Diphtheria, Tetanus, Pertussis) coverage at 87 per cent. However, Afghanistan continued to struggle, with the lowest coverage in the region and a one percentage point decline since last year, it added. The progress marks a milestone in the region's efforts to protect every child from vaccine-preventable diseases. "This is a proud moment for South Asia. More children are protected today than ever before, thanks to tireless frontline health workers, strong government leadership, ...