SEOUL: The South Korean economy is showing increasing similarities to Japan's past stagnation, and bold structural reforms, along with innovation, are needed to prevent prolonged low growth, the central bank said on Thursday.

NEW DELHI: India has emerged as the information technology (IT) capital of the world and the National Stock Exchange (NSE) has been a pioneer in utilising the vast digital public infrastructure to help millions trade via its high-tech digital platform, NSE Managing Director and CEO, Ashish Kumar Chauhan, has said.

NEW DELHI: The global growth continues to face headwinds with persistent trade frictions, heightened policy uncertainty, and weak consumer sentiment weighing on the outlook. Despite this, the Indian economy is exhibiting resilience even after high trade and tariff-related concerns, the Reserve Bank of India (RBI) has said.

UNITED NATIONS: India remains the fastest-growing large economy and is expected to record a 6.3 per cent growth this fiscal year, while the global economy faces a "precarious moment," according to the UN.

NEW DELHI: Union Minister of Road Transport and Highways, Nitin Gadkari, on Thursday advocated for a nation-wide biofuel revolution, calling it a "once-in-a-century opportunity" to transform India’s rural economy, reduce its massive fossil fuel imports and tackle air pollution.

NEW DELHI: While Pakistan has threatened to respond forcefully to India's attack on terrorist infrastructure in the neighbouring country, the stark economic contrast between the two countries also bears testimony to the disparate paths that the two neighbours have been pursuing since they became independent from British rule.

NEW DELHI: The Ayush manufacturing sector grew eight times in the last decade, and the sector has huge potential for boosting the economy and export, said Vaidya Rajesh Kotecha, Secretary, Ministry of Ayush.

NEW DELHI: Chief Economic Advisor (CEA) V. Anantha Nageswaran has highlighted that current indicators show the Indian economy is continuing on a high growth path despite the global challenges.

CHANDIGARH: Aam Aadmi Party (AAP) MP Malvinder Singh Kang has called for a collaborative and constructive approach to resolve the ongoing issues faced by farmers. He highlighted that Punjab's borders have been blocked for over a year, leading to significant economic losses, reduced investments, and a decline in tourism.

CHANDIGARH: Punjab Government led by Bhagwant Mann and AAP leaders have defended police action against the farmers and arrest of senior farmer leaders sitting on dharna on Khanauri and Shambu borders.

NEW DELHI: There is an urgent need to build artificial intelligence (AI) solutions suited for India’s language diversity, to bring a billion Indians into the AI-driven digital economy, Infosys co-founder and Aadhaar architect, Nandan Nilekani, has said.

SEOUL: South Korea's economy is facing "increasing" downside risks due to a prolonged slump in the construction sector and worsening export conditions amid concerns over a global trade war, a state-run economic think tank said on Monday.

SEOUL: South Korea's economy grew 2 percent last year, matching an earlier estimate, amid slowing export growth, sagging domestic demand and a political crisis, central bank data showed on Wednesday.

JAIPUR: India strongly advocates the P3 (Pro Planet People) approach and has always been more than willing to share it experiences and learnings with the world in its journey towards ‘Circular Economy,’ Prime Minister Narendra Modi said on Monday.

UNITED NATIONS: Commending India’s “prudent” policies, the International Monetary Fund’s (IMF) Executive Board has said its strong economic performance can help it adopt critical reforms to achieve advanced economy status by 2047.

NEW DELHI: India's space economy is expected to increase five-fold from $8 billion to $44 billion in the next few years, said Dr. Jitendra Singh, Union Minister of State (Independent Charge) for Science and Technology.

MUMBAI: The stock market saw two major policy moves this week that could significantly impact India's economic trajectory — the Union Budget 2025, which introduced tax cuts to boost consumption and investment, and the RBI’s 25 bps rate cut, signalling a shift towards monetary easing, experts said on Saturday.

NEW DELHI: The Centre has introduced customs duty rationalisation to ensure that the Indian economy becomes aatmanirbhar (self-reliant), Finance Minister Nirmala Sitharaman said in a post-budget interview with NDTV.

NEW DELHI: India’s domestic economy remains steady amidst global uncertainties, driven by robust growth in the services sector, a rebound in agriculture, and the industrial sector picking up momentum on the back of rising private consumption, according to the Economic Survey tabled in Parliament on Friday.

NEW DELHI: India’s goal of becoming a $5 trillion economy calls for policies that promote sustainable and inclusive growth and the Union Budget 2025-26 can act as a catalyst for growth while ensuring equity and efficiency in the economy, a pre-budget survey showed on Wednesday.

NEW DELHI: India’s digital economy is projected to contribute nearly one-fifth of the country’s overall economy by 2030, outpacing the growth of traditional sectors, the government has said.

DAVOS: While Artificial Intelligence (AI ) could add $2.6 trillion to $4.4 trillion to the global economy annually, there is also a need to pay attention to the careers, lives and communities it will disrupt -- including those who have already been left out of the global digital economy, according to a presentation at the WEF annual meeting on Tuesday.

SEOUL: South Korea's national space agency Korea AeroSpace Administration (KASA) on Tuesday said it will work to foster a private-led space economy and develop future aerospace technologies, such as reusable rockets and advanced satellites, this year.

NEW DELHI: As Maha Kumbh sets to begin in Prayagraj at the holy confluence of the revered Ganga, Yamuna and Saraswati rivers from Monday, the largest religious congregation on Earth is anticipated to generate more than Rs 4 lakh crore in trade in a significant boost to India's economy.

NEW DELHI: India will continue to stand out as the fastest-growing major economy globally in the coming years with growth momentum to improve in 2025 as government spending is picking up again and consumer sentiment stays resilient, according to a Franklin Templeton report.

UNITED NAIONS: "India would again be the fastest growing large economy in the world" with a projected annual growth rate of 6.6 per cent, according to Hamid Rashid, the UN head of Global Economic Monitoring.

NEW DELHI: The Indian economy is projected to grow at a robust 6.8 per cent in the financial year 2025-26, driven by strong high-frequency indicators, according to a Bank of Baroda forecast.

NEW DELHI: As 2025 begins on a note of heightened global uncertainties ahead of the US President-elect Donald Trump’s inauguration, India continues to be in a much stronger position with high frequency indicators showing a pick up in the pace of growth in the third quarter of current fiscal (Q3 FY25), according to a report on Thursday.

NEW DELHI:The Indian space economy is set to grow nearly 5 times from $8.4 billion to around $44 billion in the next decade, Union Minister of State for Science and Technology, Dr Jitendra Singh, has stressed.

NEW DELHI: After a resilient performance in 2024 amid geo-political headwinds, the Indian economy is poised to be supported by a stable political scenario, favourable policy environments, the effects of production-linked incentive (PLI) programmes, possibilities brought about by changes in the global supply chain and government emphasis on infrastructure spending.

NEW DELHI: Former Prime Minister Dr. Manmohan Singh, who died at the age of 92 here on Thursday, was a visionary leader who is credited with bringing transformations to the country's economy when it was passing through a rough phase.

NEW DELHI:As India strives towards a green future, Prime Minister Narendra Modi's clean energy policies are creating some wonderful opportunities, which will not only help India achieve its Net Zero goal but also pull millions more out of poverty, Erik Solheim, Former Minister of Climate and the Environment of Norway, has stressed.

NAGPUR: Representing Maharashtra in the pre-Union Budget meeting held in Jaisalmer, Minister Aditi Tatkare on Saturday assured that Maharashtra would play a pivotal role in India’s journey towards becoming a $5 trillion economy.

NEW DELHI: Driven by a robust middle class and sustained investment, India is projected to be the fastest-growing major economy in 2025 both regionally and globally, Mastercard Economics Institute (MEI) said in its annual economic outlook report on Monday.

SANTIAGO:The Chilean economy grew 11.7 per cent in 2021, the highest annual increase since record keeping began in the country, the central bank.

UNITED NATIONS: UN Secretary-General Antonio Guterres has warned that "a sword of Damocles hangs over the global economy" because of the ongoing war in Ukraine, adding that developing countries were most at risk.

AMRITSAR:The `digital revolution’ is transforming the Indian economy in a big way and the country is in the league of developed nations when it comes to digitalization of the financial services in the country. This was stated by Prof. Manjit Singh from Punjabi University, Patiala who was delivering his keynote address during ICSSR-sponsored international seminar on “Technological Innovations in Financial and Banking Section- A Roadmap to Society”, at Khalsa College for Women (KCW) here today.

NEW DELHI: Russias invasion of Ukraine, and the flurry of punitive sanctions imposed on Moscow by the US and Europe, can impact India Inc due to the resultant spike in commodity prices.

NEW DELHI: Indian economy is expected to incur an additional $70 billion burden (or 1.9 per cent of the country's GDP) in FY23 as compared to the current fiscal at an average crude price of $120 per barrel, said brokerage house Kotak Securities.

SHIMLA: Himachal Pradesh Chief Minister Jai Ram Thakur on Tuesday termed the Union Budget 2022-23 as an effective document to strengthen country's economy, farmers, employees, besides aiming at welfare of weaker sections and giving new impetus to development.

NEW DELHI: Among the various factors which may have led to a big increase in corporate tax collection, improved profitability of the corporates, formalisation of the economy and improved compliance due to tax reforms are noteworthy, the Economic Survey for 2021-22 noted.

NEW DELHI: The Indian economy is well placed to take on the challenges of 2022-23, suggest macro-economic stability indicators, said Economic Survey 2021-22 which was presented in the Parliament on Monday by Union Finance Minister Nirmala Sitharaman.

BANGKOK: Thai Prime Minister Prayut Chan-o-cha has ordered the launch of a new tourism campaign under the theme "Amazing Thailand New Chapter", with an aim to revive the hard-hit tourism sector.

MUMBAI: Reserve Bank's Governor Shaktikanta Das on Wednesday said that India's economy is on the path of recovery.

NEW DELHI: The BJP on Wednesday claimed that the Indian economy is moving ahead strongly, adding Congress leader Rahul Gandhi was commenting on the country's economic condition "without knowledge".

NEW DELHI: A study to assess the 'Socio-economic impacts of coal transition in India' released on Monday has said that at a conservative estimate, more than 13 million people employed in coal mining, transport, power, sponge iron, steel, and bricks sectors will be impacted due to the impending coal transition.

KOLAR(Karnataka):The economy of Karnataka is recovering after suffering setbacks during the Covid-induced crisis, Chief Minister Basavaraj Bommai said on Monday.

NEW DELHI: A day after India achieved the 100 crore vaccine-mark, Prime Minister Narendra Modi on Friday hailed the nation for the joint efforts in achieving the target and said the post-pandemic economy of the country is bouncing back at a fast pace.

 WASHINGTON: The International Monetary Fund (IMF) has revised down its 2021 economic growth forecast for Asia to 6.5 per cent, down by 1.1 percentage points from its April projection, according to a newly released regional economic outlook.

NEW DELHI:The BJP on Thursday said that the Indian economy is on a recovery path and the government has taken several new initiatives which will further boost the economy.

ROME:  The Italian economy will grow by 5.9 per cent in 2021, and return to the levels registered in 2019 by the first half of next year, said the Organization for Economic Cooperation and Development (OECD).

NEW DELHI: The Reserve Bank had retained the FY22 projection for real GDP growth at 9.5 per cent on the back of receding impact of Covid second wave as well as rising vaccinations.

WASHINGTON: The US economy grew at a lower-than-anticipated annual rate of 6.5 per cent in the second quarter, marking the return to an above pre-pandemic level of overall economic activity, the Commerce Department reported.

NEW DELHI: In a scare-mongering exercise, the Chinese regime's mouthpiece is raising the spectre of a looming financial crisis for IndiaGlobal Times warned regional governments to be wary. "The 1997 Asian financial crisis started in Thailand. If a similar crisis happens to India, it would likely send the regional financial markets into an even more severe mess. Governments in the region need act quickly to avert a deepening health and economic crisis," it said.

NEW DELHI: To boost socio-economic development in Ladakh, the cabinet headed by Prime Minister Narendra Modi on Thursday approved the establishment of an integrated multi-purpose infrastructure development corporation for the newly created Union Territory.

PATNA: After nine deaths due to poisonous liquor in Bihar's West Champaran district, RJD chief Lalu Prasad on Friday alleged that the Nitish Kumar government has developed Rs 20,000 crore illegal business of liquor smuggling, procuring and trading in the state.

GANDHINAGAR: Union Home Minister Amit Shah on Monday said that to achieve Prime Minister Narendra Modi's dream of India becoming a five-trillion-dollar economy, cyber security was very important.

CHANDIGARH: Shiromani Akali Dal (SAD) President Sukhbir Singh Badal on Friday said the farm economy of Punjab has been "endangered" by the Congress government, with massive power cuts and insufficient canal water threatening to devastate the paddy crop.

UNITED NATIONS: India's economy is projected to grow at the historically high level of 12.5 per cent this fiscal year, but the International Monetary Fund's (IMF) Chief Economist Gita Gopinath cautioned that the current wave of the pandemic "is quite concerning."
The growth projection was raised on the basis of "evidence we were getting in the last couple of months in terms of the normalisation of economic activity," she said at the release of the World Economic Outlook (WEO) report on Tuesday in Washington.

NEW DELHI: Further surge in global commodity prices will have serious implications for India's economy which is still struggling to come out of the Covid-19 impact, ratings agency Ind-Ra said.

CHANDIGARH: Several water-related community infrastructure like tube wells, bore wells, ponds and percolation tanks, launched with the initiative of Vedanta Limited, are helping local communities access water for household and irrigation purposes in Punjab's Bathinda district.

NEW DELHI: Economic activity is expected to consolidate in March 2021 as the Covid-19 impacted difficult financial year 2020-21 is winding down with new hopes for the next financial year with a great growth trajectory of Indian economy, said Sanjay Aggarwal, President, PHD Chamber of Commerce and Industry on Saturday.

CANBERRA: Reserve Bank of Australia (RBA) Governor Philip Lowe on Wednesday said that the country's economy has performed better than expected in terms of pandemic recovery due to to virus suppression and targeted stimulus measures.

OTTAWA: Canada's gross domestic product shrank 5.4 per cent in 2020, the worst year for the country's economy since record keeping began in 1961, according to authorities.

KAPURTHALA:  Rail Coach Factory(RCF) kapurthala has  started manufacturing AC3 Tier  economy class coaches capable of running at a optimum speed of 160 kmph after its successful  oscillation trials conducted on Nagda-kota-sawai Madhopur section at a speed of 180 kmph.

TOKYO: Japan's economy surged in the fourth quarter of 2020 but it was not enough to keep the world's third largest economy away from negative growth for the year as the economy shrank 4.8 per cent due to Covid-triggered crises -- the first contraction since 2009.

MEXICO CITY: Mexico's economy could grow as much as 5 per cent in 2021 as it recovers from the impact of the coronavirus pandemic, President Andres Manuel Lopez Obrador said.

NEW DELHI: After a Covid hit year, six pillars of health, physical and financial capital and infrastructure, inclusive development, human capital, innovation and minimum government and maximum governance have been identified as the cornerstones to build a new economy in a New India.

MEXICO CITY: Mexico's economy contracted 8.3 per cent in 2020 year-on-year, marking its worst setback since the 1930s largely due to the coronavirus pandemic and the related lockdowns, according to preliminary estimates published by the National Institute of Statistics and Geography (INEGI).

SHILLONG: Meghalaya Governor Satya Pal Malik said on Tuesday that the 'Restart Meghalaya Mission' (RMM) of the state government has earmarked Rs 14,515 crore for various developmental and business activities over the next three years, which will boost the economy of the state.

NEW DELHI: Farmers marched down the roads of the national capital opposing the three agricultural laws seeking a guarantee and a legislation on the Minimum Support Price (MSP). However, the Union government says that such a demand is impractical.

CHANDIGARH: “21st century belongs to Asia. We can lead rest of the world in economic development and many other facets of life”, said Chief Principal Secretary to CM Punjab, Mr Suresh Kumar IAS, while representing Punjab Government at the premier Horasis Asia Meeting 2020 virtually on 30th November 2020.

CHANDIGARH: With the passenger and freight trains having started its operation in Punjab after almost two months, leading industrialists from the district on Tuesday, while welcoming the move, said that it will help to increase the production and boost the economy of the Punjab.

NEW DELHI:Congress President Sonia Gandhi has constituted three key committees of the party to formulate its strategy on issues related to economy, national security and foreign affairs -- all headed by former Prime Minister Manmohan Singh.

BRASILIA:The BRICS member nations should expand cooperation in tackling the ongoing Covid-19 pandemic and reviving economy, Brazilian experts said after the bloc of five major emerging economies held its 12th Summit virtually.

NEW DELHI:Prime Minister Narendra Modi will address the 3rd Annual Bloomberg New Economy Forum on Tuesday evening on issues centered on refuelling the economy and charting a course for the future as the world economy is grappling with the Covid-19 pandemic.

NEW YORK:Joe Biden, who has been declared president-elect by the media, has unveiled his own version of an 'America First' economic plan pledging "to buy American" with a stringent requirement for government contractors to manufacture locally.

NEW YORK:Global credit conditions are likely to improve overall in 2021, aided by unprecedented fiscal and monetary policy support in the wake of the Covid-19 crisis, Moody's Investors Service said on Monday.

CHANDIGARH: The Food Processing Industry would play a vital role in strengthening the economy of Punjab. This was stated by the Punjab Food Processing Minister Mr. Om Prakash Soni, while addressing the inaugural meeting of Punjab Food Processing advisory Committee here today.

NEW DELHI ;Prime Minister Narendra Modi will review the state of the economy with finance minister Nirmala Sitharaman on Tuesday to identify possible policy action including need for another stimulus to push up economic activity in the country.

NEW DELHI:Former Finance Minister P. Chidambaram on Thursday criticised the Centre for its claims on reviving the economy. He said the economy was largely determined by the market, by the laws of demand and supply, and by the purchasing power and the sentiments of the people, which are missing currently.

NEW YORK:Safety, the economy and friendship for India are the themes of video ads supporting US President Donald Trump produced by an entrepreneur in the duel of the two political parties Indian-American votes in key states in the November 3 election.

NEW DELHI:Chinese President Xi Jinping has been forced to acknowledge that his country's economic growth is facing a rising external risk and the export-driven model that established China as the factory for the world has run into rough weather.

CHANDIGARH: Senior Congress Leader and Punjab Cabinet Minister Rana Gurmit Singh Sodhi termed the so called agricultural reforms as black laws for Punjab and said that these bills would not only destroy the farmers and the economy of Punjab but also the food security of the country.

NEW DELHI: Keeping up his attack on the government, former Congress President Rahul Gandhi has slammed the Modi government on the GST, alleging that it was the second big blow to the unorganised sector of the economy and that its faulty implementation had destroyed the economy.

OTTAWA:Canada's gross domestic product (GDP) fell by a record 11.5 per cent in the second quarter this year, following a 2.1 per cent decline in the first quarter due to the Covid-19 pandemic.

MOHALI (SAS Nagar):  Vowing not to rest till he had put the state’s economy back on the track of growth, Punjab Chief Minister Captain Amarinder Singh on Saturday announced a slew of welfare measures for the people, including facilitation of another 6 lac jobs for youth over the next two years, of which one lac will be in the government sector.

NEW DELHI:As the pandemic severely hits the economy, Prime Minister Narendra Modi said the rural economy of India is on a strong footing, bucking the overall economic slowdown, courtesy the 'record' procurement of farmers' produce by the government.

NEW DELHI:As the world goes through an unprecedented recession amid the pandemic, global remittances may fall by $108.6 billion in 2020 if the economic impact of Covid-19 persists throughout the year, says a report by the Asian Development Bank (ADB).

NEW DELHI:Hackers have created a specialised economy around email account takeover via methods like brand impersonation, social engineering and spear-phishing, retaining the data for long period of time to make more money by reselling it to another set of cybercriminals on the Dark Web, a new report revealed on Monday.

CHANDIGARH: The local Government department today allowed the Building plans approval for G+2, G+3 and S+4 independent floors under the Punjab Municipal Building Byelaws 2018 and subsequent amendments which provide for independent floors. Announcing this,

MUMBAI: India's economy is showing signs of getting back to normalcy, Reserve Bank of India Governor Shaktikanta Das said on Saturday. In a keynote address at the 7th SBI Banking and Economics Conclave, Das noted that medium term outlook still remains uncertain.