Page 4 - Economic Growth

ECB cuts growth, inflation forecasts amid trade war and weak demand

Inflation is now seen falling further below the ECB's 2% target next year as lower energy costs, a stronger euro and weak economic growth all weigh on prices

Syria, Saudi Arabia to boost economic ties as Western sanctions ease

Syria and Saudi Arabia said Saturday they aim to boost economic cooperation for their mutual benefit and create jobs for Syrians after Western sanctions imposed on the war-torn country were eased earlier this month. The announcement was made during a visit to Damascus by Saudi Foreign Minister Prince Faisal bin Farhan, who met Syrian President Ahmad al-Sharaa and other Syrian officials. The easing of Western sanctions is likely to open the way for foreign investors into the country, where a civil war has been ongoing since March 2011. In early December, 54 years of Assad family rule came to an end, when gunmen opposed to then-president Bashar Assad captured his seat of power in Damascus. The Saudi foreign minister said that the easing of sanctions by the US, the European Union and Britain earlier this month will help in reactivating the Syrian economy that had been at a standstill for decades. Prince Faisal, who is heading an economic and business delegation, said Saudi businessme

India's GDP expands 7.4% in Q4 to meet annual growth estimates of 6.5%

Nominal GDP for FY25 grew at single digit at 9.8 per cent to Rs 330.7 trillion, slightly higher than Rs 324.1 trillion factored in the Budget

Siddaramaiah launches real-time 'CM Dashboard' for development monitoring

The 'Chief Minister's Dashboard' (CM Dashboard), a platform that provides real-time, integrated insights into key development indicators across Karnataka was launched on Friday. It was launched by Chief Minister Siddaramaiah during the review meeting with Deputy Commissioners of all districts and CEOs of all Zilla Panchayats at Vidhana Soudha, the seat of the state legislature and secretariat here. The dashboard, developed in-house by the Centre for e-Governance (CeG), is now functionally complete and hosted under the domain cmdashboard.karnataka.gov.in. This platform provides real-time, integrated insights into key development indicators across Karnataka, enabling data-driven governance and decision-making at the highest level, an official release said. The dashboard is built using a microservices-based architecture, ensuring scalability and ease of integration, and the data is integrated via APIs (Application Programming Interface) from various departments, eliminating manual ...

India's economic growth to moderate in FY26 amid global headwinds: EY

While it will continue to be one of the world's fastest-growing economies, it may have to carefully balance monetary and fiscal policies to sustain its growth momentum

A holistic assessment of states' performance across seven pillars

This study evaluates states on seven pillars, including economic, fiscal, social, and financial development

Why manufacturing-led export still matters for the poor countries

What made the traditional development model so successful was its reliance on exports, which enabled countries like South Korea to tap into virtually unlimited global demand

World Bank unveils $1 bn support plan to boost Sri Lanka's economy

The World Bank on Wednesday announced a package of USD one billion over three years to support job creation and develop private sector growth in Sri Lanka, a press release said. The announcement came after a meeting between World Bank President Ajay Banga and President Anura Kumara Dissanayake here. The initiative aims to expand economic opportunity, strengthen local industry and attract private capital to support long term growth, the release said. The World Bank estimates that nearly one million young people would enter Sri Lanka's work force over the next decade, yet only 300,000 jobs are projected to be created over the same period. The project is expected to mobilise over 800 million dollars in private investment and includes 40 million dollars in guarantees. Dissanayake's office said digitalization, tourism, agriculture and infrastructure development and advancing development of North and Eastern provinces figured at the talks between him and Banga. On April 25, the ...

Mudra loans power millions of small businesses, fuelling India's growth

By expanding the list of beneficiary businesses, the scheme is increasing support for micro and small enterprises and helping India in achieving its ambition to become a $5 trillion economy

Datanomics: 65 years on, Gujarat leads Maharashtra in key economic metrics

The shift is most stark in manufacturing - historically a core strength of Maharashtra

India growth story largely intact amid turbulent times: FM Sitharaman

The latest Economic Survey had estimated India's GDP growth in the range of 6.3-6.8 per cent for FY26

India to navigate global disruptions with policy agility: FM Sitharaman

Speaking at the 150th anniversary celebration of the BSE, Sitharaman acknowledged the risks posed by "tariff wars" but expressed confidence in India's resilient economy

Retail inflation at 6-year low a result of govt efforts: Finance ministry

It said that this trajectory underscored the country's resilience and commitment to ensuring price stability without compromising on development goals

Asia-Pacific growth to fall if US imposes reciprocal tariffs: S&P

Major Asia Pacific economies like India, China, and Japan, will see growth fall by 0.2-0.4 percentage points (ppts) over the next two years if the US implements the reciprocal tariffs announced on April 2, S&P Global Ratings said on Tuesday. It said that the threat and imposition of tariffs by the US will slow global trade and confidence. The region's dependency on exports with China and the US will have an outsized hit on manufacturers and small economies. "Should the tariffs announced on April 2, 2025 resume for economies ex-China, the geopolitical and economic fallout will be deep," S&P Global Ratings, Asia-Pacific Head of Research, Eunice Tan said. For India, S&P had in March projected a 6.5 per cent and 6.8 per cent growth for 2025 and 2026, respectively. If the reciprocal tariff as announced by US President Donald Trump is implemented, S&P estimates the growth to fall to 6.3 per cent and 6.5 per cent, respectively. After the April 2 announcement jolted stock ...

More R&D, easier labour laws needed to counter Trump's tariffs, say experts

Providing more incentives to Indian industry to blunt the impact of the tariffs is unlikely to help, as will be any retaliatory measures; instead, lowering duties on intermediate goods will do more go

US reciprocal tariffs: India's FY26 economic growth seen closer to 6.3%

"We still expect growth to be in the range of 6.3-6.8 per cent as projected earlier, though it may be closer to the lower end of the band," a government official said

India's growth to be highest among advanced, emerging G20 nations: Moody's

Moody's Ratings on Tuesday said India's growth at 6.5 per cent this fiscal will remain the highest amongst the advanced and emerging G-20 countries, supported by tax measures and continued monetary easing, and the country will continue to attract capital and withstand any cross-border outflow. In its report on emerging markets, Moody's said such economies are "exposed to choppy waters" from the churn of US policies and its potential to reshape global capital flows, supply chains, trade and geopolitics. Large EMs (emerging markets) have resources to navigate the turbulence. It said economic activity in the fastest-growing economies will slow slightly from high levels but remain strong this year and next. In China, exports and investment in infrastructure and priority high-tech sectors remain the main growth drivers, while domestic consumption remains weak. "India's growth will remain the highest of the advanced and emerging G-20 countries, supported by tax measures and continued ...

Slowdown suspense: India Inc trails without a macroeconomic crisis

Companies are struggling to improve revenue and profit even as there's no macroeconomic crisis. Sectors as varied as consumer goods and cement are affected

New financial year set to bring key tax, pension, and MSME reforms

The new income tax slabs under the new tax regime have been modified to increase the basic exemption limit from ₹3 lakh to ₹4 lakh

External risks: US trade policy may affect economic growth in FY26

According to the National Statistics Office's second advance estimates, the Indian economy is estimated to have grown 6.5 per cent in FY25