Growth is projected to weaken to 2.3 per cent, or nearly half a percentage point lower than expected at the start of the year, according to the Global Economic Prospects report. “The global outlook is predicated on tariff rates close to those of late May prevailing,” it said. “Accordingly, pauses to previously announced tariff hikes […]
The High-Level Conference of Middle-Income Countries (MICs), held on 28 and 29 April, was attended by senior representatives from 24 MICs, many of which are highly indebted, leaving them little room for spending on developing their economies. Since 2000, only 27 countries transitioned from middle income to high-income status, and many have experienced reversals back […]
India is accelerating the development of its polymer-based industrial ecosystem through the expansion of Plastic Parks, aimed at strengthening domestic plastic manufacturing, attracting investment, and promoting sustainable practices. The initiative, overseen by the Department of Chemicals and Petrochemicals, is being implemented under the New Scheme of Petrochemicals. As part of the scheme, the government supports […]
India’s economic momentum is expected to strengthen in the second half of 2024-25 and continue into 2025-26, according to the latest RBI monthly bulletin. The country remains poised to maintain its status as the fastest-growing major economy, with GDP growth projections of 6.5% (IMF) and 6.7% (World Bank) for 2025-26. The Union Budget 2025-26 […]
India Inc expressed optimism on Monday, asserting that Prime Minister Narendra Modi’s leadership will propel the nation to unprecedented heights, maintaining its position as the world’s fastest-growing major economy, according to Assocham. The apex industry chamber lauded PM Modi’s third consecutive term, foreseeing a trajectory of continued progress and enhanced global standing fueled by inclusive […]
Letting children play with hand-me-down plastic toys could constitute a health risk. When researchers at the University of Gothenburg tested a large number of old toys and dress-up items made of plastic, 84 per cent of the items were found to contain toxins that can disrupt growth and development and reproductive capacities in children. These […]
Indian tourism sector has seen 13.6% growth in Foreign Tourist Arrivals (FTAs) in December 2016 over the same period in 2015 and US accounts for highest share of tourist arrivals followed by Bangladesh and UK in December 2016, said the Ministry of Tourism in a statement. The tourism sector earned Rs.16,805 crore in Foreign Exchange […]