Global Economy

Here's a list of challenges stacked up for the global economy in 2025

In 2024, the world's central banks were finally able to start lowering interest rates after largely winning the battle against inflation without sparking a global recession

Indo-US FTA: A strategic opportunity amid global trade challenges

The people in the US who are imbued with free trade as a philosophy are concerned about the growing impediments to global trade

Reassessing Nehruvian policies: Growth, education, and social change

The policies of the first decade-and-a half of planned development are better characterised as Nehruvian Humanism

Need energy transition without compromising economic growth: CEA Nageswaran

Chief Economic Advisor (CEA) V Anantha Nageswaran on Thursday underlined the need to be cautious about energy transition and it should be without compromising growth. "We need to do it carefully so that we do not throw the baby of economic growth out with bath water in the name of managing energy transition and tackling climate change. Without growth there are no resources to invest for climate change management," he said while speaking at the Global Economic Policy Forum organised by CII here Citing negative impact, he said, Europe is facing an economic doldrum because of a sharp rise in industrial electricity prices partly because of focus on renewal energy and energy transition. He said that this is not just a political challenge, but also an economic one, affecting not only India but the entire global South. Assuaging concerns of slowdown, he said, India is on track to achieve 6.5-7 per cent GDP growth for the current fiscal pencilled in Economic Survey. He, however, said, the

Simpler stuff now automated, startups tap experts for training AI models

Over the years, as AI has improved, much of the simpler stuff is now automated. Demand has shifted to recruiting specialists and paying higher salaries and rates

Trump's return could increase tariffs, impacting China and Asean alike

A steep and selective increase in protective tariffs and an inherent disdain for institutions under Trump 2.0 is likely to create particularly difficult circumstances for Asean economies

India meets 72% of G20 2023 goals, slips below bloc average and 2022 levels

This theme underscored the importance of a united global approach to tackling challenges like climate change, sustainable development, and financial stability

Trump's win in US elections wreaks havoc on global rate-cut expectations

The election tremors were felt in Europe, too - particularly in the east, which fears reduced US support for Ukraine as it tries to fend of Russian forces

Global CEOs confront new era with Donald Trump win, risk of tariffs

CEO Harald Fotland answered with a warning: "We will see more protectionism, and that might be an issue for exports out of the US."

Govt report maintains economic growth forecast but flags global risks

"Risks to growth arise from escalating geopolitical conflicts, deepening geoeconomic fragmentation and elevated valuations in financial markets in some advanced economies," the report said

Soft landing of global economy increasingly a possibility: Sitharaman

A soft-landing of the global economy, which has experienced tremendous stress over the past several years, is increasingly a possibility, Union Finance Minister Nirmala Sitharaman said Friday. Observing that better days are ahead primarily because of the coordinated action between countries and multilateral financial institutions, the finance minister at the same time sounded a note of caution that economies are not really picking up that much yet. The largest sense which prevailed in the two-day discussions, both of the (International Monetary) Fund and also of the World Bank, is that there will be a soft landing. The efforts by the Fund, the central banks and all institutions, governments have kept the inflation down for some meaningful period. Therefore soft landing is increasingly a possibility, Sitharaman told a Washington DC-based global think-tank. Then that reasonable growth numbers will come from even the advanced economies. certainly not in the negative area. And then the

Finance Ministry to consider scrapping windfall tax on crude: Govt official

The imposition of windfall tax on crude oil was introduced in 2022 to address excessive profits during high prices

Soft landing: From pandemic to war, the global economy faces several risks

For India, while growth remains stable and the disinflation process is underway, it also needs to build fiscal buffers

As weak economies' default wave peaks, cash shortage may take its place

The U.S. Treasury's top economic diplomat has called for new ways to provide short-term liquidity support to low- and middle-income countries to head off debt crises

US' 'Freedom to Fail' key as Indian economy becomes powerful: Black Dragon

A characteristic that sets apart the United States, world's largest economy, is its "Freedom to Fail" concept, and India closely aligns with this mindset as it positions itself as a burgeoning global economic leader, said private equity firm Black Dragon Capital's CEO Louis Hernandez Jr. In an interview with PTI, Hernandez, Founder and CEO of Black Dragon Capital, emphasised that embracing failure can lead to groundbreaking achievements, especially in a country that is rapidly emerging as a global technology leader. "I feel like the US's primary advantage is its 'freedom to fail'. It's not there in the education system or healthcare. It's just that in our country, it's okay to fail. And you'll still be celebrated if you are innovative and come up with new ideas. And I think India most closely matches that," he said, suggesting that India is beginning to adopt this mindset. Hernandez, a former advisor to Infosys founder Narayana Murthy, said he believes that India's emerging economy,

Dollar eases from 7-week highs as traders weigh Federal Reserve's rate path

The euro inched 0.2% higher to $1.099225, not far from the seven-week low of $1.09515 hit last week. The pound was at $1.31, after hitting a three-week low of $1.30595 on Monday

Debt burden threatens poor countries' development goals: UN official

World Bank President Ajay Banga, speaking at the same event, said official and multilateral lenders would not be able to provide the $4 trillion needed to reach the goals without help

World Food Price Index registers biggest increase since March 2022

An index of food-commodity prices created by the United Nations' Food and Agriculture Organization rose to the highest level since August last year, according to data released

Economists bullish on India, cautious optimism for global recovery: Survey

A majority of chief economists have shown a cautious optimism about the global economy with India's robust performance making South Asia the best performer worldwide, a survey showed on Wednesday. "Easing inflation and strong global commerce are fuelling cautious optimism for recovery but elevated debt levels are becoming a growing concern in both advanced and developing economies," the World Economic Forum said in its latest Chief Economists Outlook. The report, based on a survey of leading chief economists from across the world, highlighted that debt levels and fiscal challenges are placing significant pressure on economies worldwide leaving them vulnerable to future crises. A growing concern is a potential fiscal squeeze, where rising debt-servicing costs limit governments to invest in essential sectors such as infrastructure, education and healthcare. In developing economies, 39 per cent of economists expect an increase in defaults over the next year, the WEF said. Regionwise,

India pips Japan, ranks 3rd on Asia Power Index of Australia think tank

India ranks third in the annual Asia Power Index, released by an Australian think-tank, surpassing Japan on the back of strong post-COVID 19 economic growth, while China's power appeared to plateau just below the United States. The Sydney-based Lowy Institute has put the US at the top of its Asia Power Index with a score of 81.7, followed by China with a score of 72.7, India (39.1), Japan (38.9), Australia (31.9) and Russia (31.1). The Index ranks 27 countries and territories in terms of their capacity to shape their external environment -- its scope reaching as far west as Pakistan, as far north as Russia and as far into the Pacific as Australia, New Zealand and the US. The index has cited economic growth, future potential and diplomatic influence as key factors for India's rise. However, it has pointed out that New Delhi's clout remains below the potential promised by its resources. "India has shown remarkable post-pandemic economic recovery, contributing to a 4.2-point rise in i