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The finance ministry on Thursday said the Indian economy entered the second half of the fiscal year on a “firm foundation,” supported by easing inflation, resilient domestic demand and recent tax reforms. The rationalisation of goods and services tax (GST) rates has given a “measurable boost” to consumption, strengthening the growth outlook, it added.In its…
NEW DELHI: The economy enters the second half of FY26 on a stable footing, anchored by well-contained inflation, resilient domestic demand and supportive policy dynamics, even as global uncertainties warrant continued vigilance, a finance ministry report said on Thursday.The monthly report for Oct also cautioned that global uncertainties – including shifting trade policies, geopolitical frictions,…
For a country that once launched a revolution over the price of tea, America gets remarkably sentimental about the cost of turkey. Every November, economists, politicians and supermarket executives gather around a metaphorical table to debate the national poultry index, as if the fate of the republic depends on whether a 16-pound bird costs twenty…
India’s fiscal space is tightening as recent tax cuts weigh on revenue growth, leaving the government with less room to support the economy through policy measures, Moody’s Ratings said on Tuesday, according to PTI. The global agency flagged that lower collections in the current financial year have added pressure on the fiscal consolidation path.Speaking at…
MUMBAI: What’s in store for the Indian markets and the corporates in 2026? As the year 2025-marked by high volatility and single-digit returns for sensex and Nifty-nears its end, brokerages and analysts are queuing up to come out with their predictions and expectations for the coming year.Analysts and strategists from a host of foreign and…
Japan’s economy suffered its first setback in six quarters as exports faltered under US tariffs, while Prime Minister Sanae Takaichi’s new administration moves to assemble a large stimulus plan to steady growth.Government figures released on Monday showed that gross domestic product fell 0.4% between July and September, with the annualised decline coming to 1.8%. ‘If…
Ratings agency Moody has predicted that India’s economy will grow at a strong 6.5% through 2026 and 2027. (AI image) India will continue to be the world’s fastest growing major economy in the coming years, despite its exports taking a hit after Donald Trump administration’s 50% tariffs, according to the latest global economic outlook report…
The longest federal government shutdown in US history may be nearing its end, but economists say it has already left deep scars on an economy struggling with slow growth, inflation, and uncertainty. With 1.25 million federal workers unpaid since October 1 and thousands of flights canceled, the economic fallout is being felt nationwide — from…
US Treasury Secretary Scott Bessent has warned that the economic fallout from the prolonged government shutdown is intensifying, saying the situation is getting “worse and worse” as disruptions ripple through key sectors and strain public finances.(Breaking story) Source link
Washington’s economy is facing deepening distress as the longest-ever US government shutdown, mass layoffs of federal workers, and cuts to food assistance converge to hit households and small businesses across the capital region, AP reported.The Capital Area Food Bank, which supports more than 400 pantries and aid organisations across the District of Columbia, northern Virginia,…
