Economic Growth

China unveils new measures to boost consumption in counties, smaller cities

China on Tuesday rolled out a series of measures to boost consumption in its counties and smaller cities to revive sluggish domestic demand, which has become a major source of its economic slowdown. The measures herald a policy shift to boost domestic demand from top cities and tap the potential of vast lower-tier markets as a new source of economic growth, an official announcement here said. The government calls for upgrading consumption channels in counties, including renovating township commercial centres, rural markets and local fairs. It includes encouraging domestic and international brands to open regional debut stores and promote the revitalisation of existing land resources to improve services, according to the guideline issued by the Ministry of Commerce. The lower-tier markets, generally referring to third-tier and smaller cities, counties, townships and rural areas, account for about 70 per cent of China's population and 60 per cent of total retail sales of consumer ...

Judging the RBI by the wrong rule

Has the RBI been biased toward tight monetary policy, or is its rate-setting framework flawed?

1991 reforms demonstrated confidence that we could compete: Rakesh Mohan

Rakesh Mohan talks about the trajectory of India's economic development, why the reforms could be pulled off as quickly as they were, and what India can do now to boost manufacturing

Renewed reform push: India must speed up its growth to meet challenges

To assuage the anxieties of the youth and children, the country must broaden the avenues for gainful employment available to them and reduce the unemployment rate among graduates

India finds favour in Europe; America remains sceptical: Pew survey

Pew Research Center survey across 36 countries shows India's global image tilting slightly positive, with sentiment improving across several European countries

Reforms@35: India grew nine-fold, but its Asian peers grew faster

In 1991, five years into the Doi Moi reforms, Vietnam's per capita income was $141, less than half of India's. Today it is $4,829, nearly twice that of India

Reforms for higher growth: India must capitalise on international trade

India needs faster tariff cuts, deeper trade integration and stronger investment treaties to boost exports, attract FDI and sustain the high growth needed to become a developed economy

Prosperity: The visible hand of leadership in driving sustained growth

Economic theories explain growth through capital, technology and institutions, but leadership may be the missing force that turns sound policies into sustained prosperity

1991 marked a paradigm shift in industrial, trade policy: Jairam Ramesh

Jairam Ramesh says the 1991 reforms transformed India's economy, but reviving private investment is now the country's biggest economic policy challenge

Reforming the law for land: State capacity, productivity and growth

Unlocking factors of production - land, labour and capital - is crucial for growth in an AI-driven economy. Reducing administrative frictions in land markets will attract investments

US GDP grows less-than-expected at 1.5% despite strong consumer spending

US economic growth slowed to 1.5% in the second quarter as weaker net exports offset robust consumer spending and strong AI-led business investment

Ageing challenge & opportunity: How active seniors can fuel economic growth

Senior living facilities are coming up in almost all the big cities of India, with Pune and Coimbatore having taken an early lead

Green taxonomy urgently needs green capital for India's net-zero ambitions

India's Climate Finance Taxonomy can define green activities, but affordable capital for MSMEs will determine whether the country's green transition succeeds

Half a lifetime after the 1991 reforms: Lotuses bloom in muddy waters

Thirty-five years after the 1991 reforms, India has grown dramatically but unfinished reforms, weak public services and job creation remain major challenges T N Ninan

Improving investment climate: Reforms at the state level can drive growth

NITI Aayog's investment index highlights wide disparities among states, underscoring the need for governance reforms, stronger institutions and balanced regional growth

Govt unveiling affordable housing plans in Varanasi as realty prices soar

Varanasi's property prices are soaring as VDA rolls out land pooling, new townships and affordable housing projects to support the city's rapid urban expansion

AI boom fuels 'K'-shaped growth, widens global divide: Moody's Analytics

The global economy is witnessing 'K' shaped growth where the artificial intelligence boom pushes some countries and industries ahead, leaving others behind, Moody's Analytics said on Thursday. In its Global Economy Outlook, Moody's Analytics said it expects global growth to slow to 2.5 per cent in 2026 and pick up to just 2.8 per cent in 2027. It said that booming demand for artificial intelligence has saved the global economy from a sharper slowdown, but geopolitical risks, stretched asset valuations, and volatility in financial markets could easily flip the outlook from slow growth to recession. "The global economy is running at two different speeds. In some segments, growth is holding up better than expected, courtesy of the AI boom. .. But economies and industries less plugged into the AI boom have struggled," Moody's Analytics said. The agency said AI boom has driven a surge in data centre investment, exports in Asia's tech-heavy economies, and stock market valuations across t

Bank of Baroda raises India's FY27 GDP growth forecast to 6.6-6.8%

The public sector lender has raised its FY27 growth forecast by 40 basis points, citing easing oil prices, improving monsoon conditions and resilient economic indicators

Can India innovate? The innovation gap starts with its largest companies

India has the talent and startup momentum, but unless its largest companies invest boldly in R&D, the country risks falling behind in global innovation

The missing human growth factor: Bridging India's human-capital deficit

Human capital - not geography, culture or natural resources - now explains why some nations become wealthy while others remain stagnant