"global-economy"

The United Nations has warned that a potentially unprecedented El Nino event could trigger extreme heat, droughts, floods and cyclones across Asia, the Pacific, Africa and Latin America, causing humanitarian crises and economic shocks worldwide. UN officials have called for urgent global action and preparedness measures, warning that the impacts could last well beyond the climatic event's peak.

  G20 finance ministers and central bank governors are meeting in Asheville to address global growth, trade disputes, debt vulnerabilities and supply-chain resilience. The talks are complicated by the Iran conflict, Strait of Hormuz disruptions, US sanctions proposals, tariffs and concerns over China 

External Affairs Minister S. Jaishankar said the international legal architecture must become more democratic, inclusive and responsive to the Global South. Addressing UNCITRAL's 60th anniversary, he stressed that evolving global challenges require predictable, harmonised legal frameworks for resilient international trade

Iran escalated tensions with the US by announcing the closure of the Strait of Hormuz and casting doubt on nuclear negotiations in Switzerland, citing Israeli attacks and American “bad faith.” Pakistan and Qatar are mediating technical-level talks, while US negotiators are already in Switzerland.

As G7 leaders meet in France, debate grows over China’s exclusion from the group despite its massive economic influence. While China’s global clout makes it central to G7 discussions, its authoritarian system and geopolitical differences remain major barriers to membership

External Affairs Minister S. Jaishankar said the global economic and political pecking order has changed, with multiple centres of power emerging, making it impossible for any single country to dominate global affairs amid growing competition and interdependence.

BJP leaders on Thursday said India is poised to become the world’s third-largest economy under Prime Minister Narendra Modi’s leadership, citing strong GDP growth, rising global trust, and recent IMF-linked projections placing India ahead of major global economies

India, already the world’s fourth-largest economy, is projected to become the third-largest by 2030 with a $7.3 trillion GDP. Strong sectoral growth, softening inflation, and policy reforms are driving sustained economic momentum and global investor confidence

Finance Minister Nirmala Sitharaman said India has emerged as a stabilising force in the global economy, resilient against trade, energy, and financial shocks. Speaking at Kautilya Economic Conclave 2025, she warned of global uncertainties, shifting alliances, and structural transformations in world order

The India-EFTA Trade and Economic Partnership Agreement (TEPA) will take effect on October 1, Switzerland announced. The pact commits $100 billion investment over 15 years, ensures sustainable trade provisions, and offers India improved market access for Swiss goods and services

A policy article warns that US President Donald Trump’s 50 per cent tariffs on Indian imports over Russian oil purchases risk alienating India and pushing it closer to China. It urges Washington to follow the UK’s collaborative free trade agreement model instead

The India-UK Comprehensive Economic and Trade Agreement (CETA) promises significant gains for services exports, duty-free access to 99% of India’s goods, and enhanced mobility for professionals. It aims to double bilateral trade to $100 billion by 2030 while safeguarding core sectors

The IMF chief also pointed out a shift in market expectations, which leads to knock-on effects on asset prices and on exchange rates.

Yellow metal hit an all-time high of Rs 82,400 per 10 grams on October 30, silver too gained 30%, surpassing Rs 1 lakh-per kg

The probability of global instability and confusion cannot be set aside in the process of de-dollarisation

Global markets turned cautious once again amid renewed concerns of banking crisis looming for the second time

The global economy is heading for the weakest period of growth since 1990 as higher interest rates set by the world's top central banks

The bank is reportedly considering cutting about 8 per cent of its 49,000 employees, which could equate to as many as 4,000 job losses.

The impact of the slump in the Chinese economy is bound to be felt across the world in the coming days. Supply chain disruptions due to the coronavirus pandemic, which originated in China, have already dealt a massive blow to the global economy. The latest economic indicators emerging from Beijing are quite disappointing, a fact […]

Washington: The global economy is on track to grow by 4.1 per cent in 2022, down 0.2 percentage point from a previous projection, the World Bank Group said in its latest Global Economic Prospects release. “The global recovery is set to decelerate markedly amid continued Covid-19 flare-ups, diminished policy support, and lingering supply bottlenecks,” the […]