Topic
global-economy
Business Sitharaman: BRICS Economies Are Major Global Growth Engines, Private Capital Key
Union Finance Minister Nirmala Sitharaman said BRICS economies are among the major engines of global growth but face challenges in attracting private capital. Speaking at a New Development Bank seminar in Jaipur, she argued public capital should catalyse rather than substitute private investment, highlighting the role of multilateral development banks in reducing risk and boosting investor confidence.
Business Era of Cheap Borrowing May Be Over as World Enters 'New Macro Regime,' Moody's Warns
According to a Moody's Ratings report, the global economy has entered a new macro regime marked by structurally higher interest rates, sustained investment in AI and defence, and elevated geopolitical risks. Bond yields have risen to pre-crisis levels, and capital is flowing to policy-backed sectors. The outlook hinges on AI productivity gains and stable geopolitical conditions.
Business IMF Says India Remains a Key Driver of Global Economic Growth
The International Monetary Fund has retained India's growth projection at 6.5% for fiscal year 2026-27, citing robust domestic demand and US tariff reductions. Director Julie Kozack noted India's economy outperformed expectations in Q1, while the IMF sees positive developments from the Middle East ceasefire and Strait of Hormuz reopening.
Business Goldman Sachs and EY Raise India Growth Forecasts on Lower Crude Oil Prices
Goldman Sachs and EY revised India's growth forecasts upward on Friday, citing easing West Asia tensions and lower crude oil prices. Goldman Sachs raised its CY2026 real GDP growth forecast by 0.3 percentage points to 6.8%, while EY pegged 2026-27 growth at 6.6-6.8%. Both firms also lowered inflation and fiscal deficit estimates.
East-West split could cost world $6.9 trillion, WEF warns leaders
The World Economic Forum warns that a full economic decoupling between East and West could cost $6.9 trillion in lost GDP. Current fragmentation already reduces growth by $213–$307 billion and adds 0.2–0.3 percentage points to inflation. Emerging markets face the greatest impact, while US output growth is forecast to be 0.4–0.6 percentage points lower than projected.
Business US Tops Global Economy But Debt Burden Poses Biggest Risk, Deutsche Bank Warns
A Deutsche Bank Research Institute report warns that the US's growing debt burden—with federal deficits at 5-6% of GDP and debt exceeding 100% of GDP—poses the biggest risk to its long-term economic leadership, potentially eroding the dollar's reserve status. Despite structural strengths in capital markets, technology, and AI, the report highlights imminent fiscal challenges including exhaustion of Social Security trust fund by 2032.
Business SpaceX's $2.2 Trillion Nasdaq Debut Makes Elon Musk World's First Trillionaire
SpaceX's $2.2 trillion Nasdaq listing has made Elon Musk the world's first trillionaire, generating $85 billion for the company and creating millionaires among employees. The BBC Americast podcast explores whether the US economy is becoming dangerously reliant on AI, as OpenAI and Anthropic also plan public listings.
Commodities Crude Oil Prices Stabilize Below $100 Amid Geopolitical Tensions
Crude oil prices on the NYMEX have stabilized below $100 per barrel, despite significant disruptions in the Strait of Hormuz. Alternative supply routes and reduced Chinese demand have helped prevent a spike to $200.
Trade India Eyes Economic Resilience Amid Global Trade Challenges
Prime Minister Narendra Modi chaired a meeting with the Economic Advisory Council to discuss strategies for bolstering India's economic growth amid global uncertainties. Key discussions included trade reforms and measures to attract foreign investment.
Business India's GDP Growth at 7.7% in FY26 Amid Global Tensions
India's GDP growth reached 7.7% in FY26, surpassing expectations despite global tensions. Key drivers included strong consumer spending and investment activity. However, the US-Iran conflict poses potential risks for future growth.
Business India to Surpass China in Global GDP Share by 2060
India is expected to surpass China in global GDP share by 2060, according to a report by the World Inequality Lab. The report highlights demographic shifts and economic trends that will reshape the global economic landscape.