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Economics Recent News

As Food Inflation Soars Burger King Waves Goodbye To Tomatoes
|As India grapples with soaring food inflation, Burger King has removed tomatoes from its wraps and burgers in many of its outlets due to a quadrupling of prices, as per a Reuters report.
India Bars Use of Chinese Components In Military Drones In Self-Reliance Push: Report
|The decision aligns with India's broader strategy to reduce its dependence on Chinese imports, especially in light of the recent border tensions between the two countries.
More Bullish On Indian Markets Than On China: Morgan Stanley
|The upgrade by Morgan Stanley comes in light of the softening valuations compared to October 2022, when the brokerage had marked the beginning of a new bull phase in Asian and emerging market equities.
'Open to Chinese Investments', Says India's IT Minister Amid Scrutiny On China Firms
|This statement comes as India aims to leverage global supply chains shifting away from China, attracting suppliers to multinational companies such as Apple, Financial Times reports.
Petrol And Diesel Prices Could Climb Again — Thanks To Russia
|India's refiners could face higher costs for importing oil if Russia implements quotas on oil exports.
India Opts Out of Imposing Anti-Subsidy Tax On Some Chinese Steel Imports
|CVDs are additional taxes imposed on imported goods that are subsidised in their home country, thus potentially damaging the industries in the importing country.
Pakistan Gets Hope For Economic Recovery As It Receives First Tranche of IMF Bailout
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Paycheck Peek: India's Average Salary And The Gender Pay Gap
|India's average salary is ₹1,891,085 per year, with a typical earning of ₹576,851, according to data from Average Salary Survey.
Week In Review: India's Tech Leap, Google's Legal Battle And Pakistan's Debt Troubles
|This week in the financial and tech sectors was marked by significant developments and strategic moves that could potentially reshape the landscape. From India's ambitious strides in the tech race to Google's legal battle against Amazon, to Pakistan's never-ending debt troubles, the week was filled with high-stakes drama and game-changing initiatives.
Rice To Join Tomatoes In Price Surge Amid Weather And Policy Shifts: Report
|As per a recent report by Reuters Asia, rice prices are set to rise due to weather conditions and changes in India's farm perks that threaten supply. This comes on the heels of a surge in tomato prices in India, exacerbating inflation concerns
India Ups Lending To Africa In Bid To Keep China Dominance In Check
|Over the past decade, 42 African nations have received around $32 billion (₹2.62 lakh crore) in credit from India, making up 38% of India's total credit extension.
India's Service Sector Powers Through Inflationary Pressure: Report
|The sector, which accounts for approximately 60% of the overall output, indicates that India's economy will continue to outperform many of its major peers in the coming quarters.
Indian Firms Get Thumbs Up From S&P, Expect Better Earnings Growth
|S&P predicts India's economic growth to be the highest in the region, with projected rates of 6.0% in 2023 and 6.9% in 2024.
Pakistan Shares Surge to Record Highs Following IMF Deal
|Pakistan's benchmark share index, the KSE 100, surged over 6% on Monday, following the country's successful procurement of a $3 billion short-term financial package from the International Monetary Fund (IMF).
Pakistan's Leap In IMF Rankings: Set To Become Fourth Largest Debtor
|After receiving additional loans of $3 billion in the next nine months from the International Monetary Fund (IMF), Pakistan will become the fourth largest IMF borrower in the world, The Express Tribune reported.
Ratings Upgrade For India Hinges On Low Inflation, Fiscal Metrics: S&P Analyst
|S&P believes that the RBI will wait until inflation risks have subsided before considering rate cuts.
India's Monsoon Arrives Ahead of Schedule, Promises Agricultural Boost
|Monsoon rains in India are set to cover the entire country by the weekend, allowing farmers in northern states to begin planting summer-sown crops a week earlier than usual, as per a Reuters report.
HSBC Analyst Says India Likely To Meet Or Exceed Growth Expectations
|The analyst said Indian bonds were also attractive amid expectations of a much more stable Indian rupee over the coming years.
Why Are Tomatoes Turning Red Hot In India's Market?
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India Pushes Moody's To Up Rating As Economic Outlook Brightens
|Moody's currently maintains India's sovereign rating at "Baa3" with a "stable" outlook. Baa3 is the lowest rating in the investment grade category.
RBI's ₹2,000 Note Callback: A Win for Banking Liquidity, Says Market Guru Ajay Bagga
|The RBI governor on Thursday said that banks had deposited 85% of these returned ₹2,000 notes into accounts, while they exchanged the remaining 15%.
India's Bid To Scrap US Tariffs On Steel, Aluminium Likely To Fall Flat
|India is reportedly unlikely to get the US to roll back tariffs on steel and aluminium during Prime Minister Narendra Modi's planned visit to Washington later this month.
India's Internet Economy To Hit $1 Trillion By 2030: Google, Bain, And Temasek
|The report actively forecasts a doubling of India's household consumption by 2030, with digital commerce taking a more central role in daily life.