The Asian Development Bank (ADB) has cautioned that recent Pakistan floods could trigger inflationary pressures and slow economic growth, despite signs of recovery. In its Asian Development Outlook report, the ADB said natural disasters such as floods pose serious risks to Pakistan’s economic stability and growth trajectory. The report highlighted that GDP growth is expected…
Last Updated:August 13, 2025, 21:51 IST S&P says India’s GDP likely to grow 6.5% in FY26 despite 50% US duty on Russian oil-linked imports. An AI-generated representative image shows resilient consumer sentiment in India despite higher US tariffs. (IMAGE: IMAGEN 4) India’s economy is unlikely to face a major slowdown despite higher US tariffs, S&P…
File photo: Finance minister Nirmala Sitharaman (Picture credit: PTI) Finance minister Nirmala Sitharaman on Saturday said that sustaining economic growth in the face of global uncertainties remains India’s foremost priority. She also underlined that the government will continue to rely on increased public capital expenditure as a major tool to drive development.Speaking at a book…
Union minister Nitin Gadkari on Saturday raised concern over the growing number of poor people in the country, saying that wealth was increasingly being concentrated in the hands of a few. Speaking at an event in Nagpur, the road transport and highways minister stressed the need for decentralisation of wealth and inclusive economic growth. “Slowly…
