India is poised to achieve the status of the third-largest economy by the fiscal year 2030-31, propelled by a robust projected annual growth rate of 6.7 per cent, as outlined in a recent report by credit rating agency S&P Global titled “India Forward Emerging Perspectives”.

India on track to be third-largest economy by 2030-31

China's new rescue plan to support the property market after dolling out billions of dollars in stimulus. To help millions of households cut borrowing costs and increase spending, china is thinking about letting homeowners refinance up to 5.4 trillion dollars in mortgages.

China's new rescue plan for the Property Sector | World Business Watch | WION News

India's economic growth eases to the slowest in five quarters as concerns mount over outlook. Risks to the outlook are growing, and the pressure is building on the central bank to cut interest rates.

India's GDP grows at the slowest pace in five quarters | World Business Watch | WION News

UBS has joined a growing chorus of analysts downgrading their forecasts for China's economic growth. The bank has lowered its prediction for the country’s GDP growth in 2024, citing the ongoing real estate downturn and tight fiscal policy.

China's GDP growth forecast plummets amid real estate crisis | World Business Watch | WION News

India's Gross Domestic Product (GDP) growth slowed to 6.7 per cent in the first quarter of the 2024-25 financial year, marking the lowest increase in five quarters, a decline from the 7.

India’s GDP growth rate slips to 6.7 per cent in Q1 FY25, lowest in five quarters

The new British government aims to achieve the fastest sustained economic growth among G7 nations by the next election. This target hinges on leading the G7 in per-capita GDP growth for two consecutive years, a first for the UK according to OECD data.

UK aims for top G7 per-capita GDP growth by next election

Now we look at India's economic report card for June 2024, as released by the reserve bank of India. We'll explore the global economic landscape and its impact on India.

India's 2024 GDP growth stable: RBI

India's investment landscape is undergoing a significant transformation, with mutual funds gaining traction over traditional bank deposits. This shift is exemplified by the impressive growth of SBI mutual funds, which has seen its assets under management surge by 27% in the past financial year.

SBI's mutual funds grows faster than deposits

South Africa's economy will likely remain weak in the June quarter after unexpectedly contracting in the prior three months. This is driven by election jitters weighing on demand. Gross domestic product fell 0.1% in the three months through March, compared with revised growth of 0.3% in the prior quarter. The slump was largely due to contractions in the mining, manufacturing and construction sectors, which make up more than a fifth of GDP. This was driven by weak demand and a pickup in rotational power cuts.

South Africa's election uncertainty festers

India posted world-beating growth of 8.2 per cent in the year to March on Friday, in a last-minute boost to Prime Minister Narendra Modi's economic credentials the day before national elections conclude.

In major boost to Modinomics, India's economy expands 7.8% in Q4

India has one of the largest demographics of young people in the world, with 65 per cent of Indians being under 35 years old. This phenomenon drives a very large segment of working individuals towards our urban centres.

Reimagining growth beyond the city

Argentina's economic activity fell by 8.4 per cent in March compared to the previous year, according to the country's official statistics agency, INDEC. This is the sixth consecutive monthly loss and the biggest reduction since 2020.

Argentina’s economic activity plummets 8.4 per cent in March, the steepest drop since 2020

The Indian-origin economist said that economies are reevaluating their trading partners based on economic and national security concerns following disruptions such as Covid-19 pandemic and Russia’s invasion of Ukraine. Economists have dubbed this phenomenon 'trade fragmentation'. She said that trade fragmentation is much more costly this time around, compared to the cold war. That's because the goods trade to GDP ration stood at just 16% at the start of the cold war. That ratio now stands at 45%. Higher the ratio, lesser is the trade.

Gita Gopinath: Sanctions risk driving gold rush in China-led bloc

The Eurozone's economic recovery sputters at the start of the June quarter. While the first quarter likely saw subdued GDP growth after two-quarters of contraction, the June quarter started on a softer footing.

Eurozone's economic recovery remains a stop-and-go affair

The world's economy faces a significant threat from climate change. A new study predicts a $38 trillion reduction in global GDP by 2050 due to rising temperatures and extreme weather events. This translates to an average global income loss of 19% compared to a scenario without climate change.

Study says climate change to shrink global GDP by $38 trillion by 2050

With 48 seats, the Indian state of Maharashtra sends the second-most number of lawmakers to the lower house of parliament. But the western Indian state is also a powerhouse, driving India's global ambitions. On Pollnomics today, we look at the state of Maharashtra's economy and why it matters to India's political economy.

Maharashtra has the largest state GDP in India at $435 BN

UK Defense Secretary Grant Shapps has warned NATO countries that do not spend 2% of GDP on defense spending and that they are playing Russian roulette with the West's future. Watch to know more!

UK Defence Secretary Grant Shapps says, 'NATO allies must pay 2%'

The US Congressional Budget Office (CBO) released its latest projections on the federal government's debt, painting a concerning picture. The report estimates that debt will surge to 116% of GDP by 2034, exceeding levels even seen during world war ii. This alarming trajectory is fuelled by a combination of factors, including rising interest rates and ongoing spending pressures.

US debt projected to reach 116% of GDP by 2034

The growth forecast has been made for the Indian economy. The Indian economy is projected to grow at 7.5% in 2024, says the World Bank. The increase in the projected growth rate for the Indian economy comes following 8.4% surge in the country’s GDP.

World Bank raises India’s GDP growth forecast to 7.5%

India's economy continues to be a bright spot in the global economy. While others are struggling to achieve economic momentum, India is on its way to becoming a $5 trillion economy. Various factors will play a role in India's next big economic milestone. This report sheds light on the role of states in guiding India towards its vision.

Indian states aim trillion-dollar GDP

A World Bank report has found that no country in the world offers women the same opportunities as men at work place. The Global gender gap is far worse than aniticpated and closing it could raise the world's GDP by over 20%.

Gravitas | World Bank Report: Global gender gap is far wider than you think

Indian states aims to become a $5 -trillion gross domestic product (GDP) by 2027, and to become the third largest economy in the world. Watch in for more details!

India aims to become a $5 trillion economy by 2027

Will India hold simultaneous polls at the state & central levels in the future? That's the million-dollar question in the minds of policymakers. Such an exercise will be unprecedented in size and execution. But will it also have a major socio-economic impact? We find out in this report.

India elections 2024 | Simultaneous polls: The economic impact?

India elections 2024 | Report: Higher GDP growth when simultaneous polls were held

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