A research report projects that India’s average income is to rise by 70 per cent to $4,000 by fiscal year 2030 from $2,450 in fiscal year 2023. This will make India a middle-income economy with a $6 trillion gross domestic product (GDP) with about half coming from household consumption.

India’s average income projected to increase by 70% to $4,000 by FY30: Report

The Chinese economy appears to be hitting a bit of a rough path with concerns rising about its future trajectory. Renowned economists have now sounded the alarm drawing comparisons to Japan's economic decline or stagnation that began in the 1990s. The question is will China's economy also witness a period of stagnation an expert gets more details.

India's economic ascents as China's stumbles leaving economists concerned

UK's total government debt has crossed 100% of the GDP for the first time since 1961. The rise in total debt is largely due to the government borrowing more than doubling in recent times. Government figures show that the total debt stands at $3.28 trillion in May this translates to 100.1% of the total UK GDP.

UK's debt crosses 100% of GDP for the first time since 1961

Cash-strapped Pakistan's economy is in the doldrums and data from the country's economic survey a day before the country's budget proves that fact. In fact, the country's economy failed to achieve any of the targets it set out in 2022-23. Pakistan's GDP growth rate crashed to 0.3% in 2022-23.

Pakistan Economic Survey: GDP growth misses 5% target, grows by 0.3% in 2022-23

Cash strapped Pakistan's economy is in doldrums and data from the country's economic survey a day before the country's budget proves that fact. In fact, the country's economy failed to achieve any of the target its set out in 2022-23. Pakistan's GDP growth rate crashed to 0.3% in 2022-23.

Pakistan: GDP growth misses 5% target

Tunisia and Egypt are on the brink of major debt crises, with Tunisia facing a political crisis and uncertainty over IMF support. Egypt's debt-to-GDP ratio is reaching critical levels, compounded by currency devaluations and dwindling reserves. The countries' fiscal strains could have far-reaching consequences for the region. The involvement of gulf allies and the potential impact on global financial markets further intensify the gravity of the situation.

Drowning in debt: North Africa braces for impact

China's gross domestic product (GDP) expanded 4.5 percent in the first quarter of the year 2023, boosted by increased consumption and retail sales.

China's GDP jumps 4.5% in Q1 as consumption, retail sales grow

The European Commission (EC), on Monday (February 13), raised its growth forecast for the eurozone this year and also expects inflation to be lower than previously estimated at the end of 2022.

European Commission raises eurozone growth forecast for 2023 as inflation eases

The government poll is likely to report that growth is expected to be 6.5% for 2023–2024 under the base case, the unnamed source said, declining to be identified because the information was private. In three years, this would be the slowest. According to the source, nominal growth will probably be predicted at 11% for 2023–2024.

India: Economic survey to show 6.5% GDP growth likely in 2023-24

The jobless rate in Indian cities swell to 10.1 percent in December despite the country being touted as a bright spot amid growing recession affairs in Europe, the United States and other major economies.

Despite healthy GDP prospects, the jobless rate high in India

The World Bank has forecast Pakistan's economic growth to slow further to two percent during the current year — down by two percentage points from its June 2022 estimates — because of the devastating floods and slowdown in the global growth rate.

World Business Watch: World bank cuts Pakistan's GDP growth forecast

An unexpected growth was registered in the economy of the UK in November as people splurged during the World Cup, stated official data on Friday as analysts warned the country may still face recession because of a crisis due to the high cost of living.

UK economy registers 0.1 per cent increase in November; still, recession looms

The World Bank has cut the global growth forecast for 2023 to 1.7 per cent from 2.9 per cent, while issuing a warning that the world is at risk of a recession. It has cut growth estimates of almost every developed country and nearly 70 per cent of emerging and developing countries.

‘Perilously close to falling into recession’: World Bank cuts 2023 global growth to 1.7%

Hit by weakening demand, the Indian economy is expected to grow at a slower 7 per cent rate in the current fiscal ending March 2023, setting the stage for the country losing the fastest-growing major economy tag.

India to grow at 7% in FY23, lose fastest growing economy tag to Saudi Arabia

Vietnam's economy jumped by 8.02% in 2022. The country has outperformed its Asian neighbours in terms of growth. Does that make Vietnam a better economy? Molly Gambhir tells you more.

Gravitas: Vietnam becomes Asia's fastest-growing economy

India seems "unstoppable" in its momentum to become the third economic superpower and touch the $10-trillion mark by 2035, according to the Centre for Economics and Business Research (CEBR).

India to become $ 10 trillion economy by 2035, forecasts CEBR

The International Monetary Fund reported on Friday that India is navigating an "extremely tough" external environment, projecting growth rates of 6.8 per cent and 6.

IMF projects 6.8 per cent GDP growth for India next year

The World Bank slashed its economic growth outlook for the world’s second-largest economy, China, by almost a point and a half in its latest forecast published on Tuesday.

World Bank slashes China’s growth forecast from 4.3 per cent to 2.7 per cent for 2022

Air pollution just not only causes loss to health but loss to a nation's wealth as well. This time a World Bank report estimates Bangladesh economic losses from air pollution which are estimated to be as much as 4.4 percent of country's GDP.

World Business Watch | 4.4% of GDP: Bangladesh's air pollution cost

India's economic growth has fallen sharply to 6.3 per cent in July to September quarter from double-digit growth of the April to June quarter. Watch this report.

India's GDP growth shrinks to 6.3%; The Agriculture sector grows 4.6%

Nine months after beginning its military offensive in Ukraine, Russia has entered a recession as a result of the economic pressure caused by Western sanctions, according to official figures released on Wednesday.

Russia officially enters recession, GDP shrinks 4% in third quarter

Barclays cut its forecast for China’s economic growth next year to 3.8%, based partly on expectations of a drop in global demand for Chinese goods.

WION Business News | Barclays cuts China GDP outlook

Amidst heated external political climate and Covid-19 restrictions, the economy of Hong Kong has taken a steep downturn. The economy contracted 4.5 percent in the third quarter which is the worst contraction in Hong Kong since 2020.

Hong Kong: Worst GDP contraction since 2020, Q3 GDP shrinks 4.5%

A new study says the loss of potential labour hours affected India's GDP in 2021. Heat-related deaths have also increased in India. Watch this report.

WION Climate Tracker | Study: Loss of potential labour hours affected GDP in 2021

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