 Union Finance Minister Nirmala Sitharaman emphasised that India is not merely waiting for international aid but is proactively investing its own resources to meet environmental goals.

India doubles climate action spending in 6 years, raises to nearly 6% of GDP: Finance Minister

India has surpassed Japan to become the world's 4th largest economy. With praise from China, India aims to overtake Germany by 2028, driven by strong domestic growth

China lauds India for surpassing Japan, becoming world's fourth largest economy

India surpasses Japan to become world's fourth-largest economy, poised to overtake Germany soon: Report

The world's biggest economy grew at an annual rate of 3.1 per cent in the July-September period, up from earlier estimates of 2.8 per cent, the Commerce Department said.



US economy expanded faster in third quarter than originally estimated: Data

The US economy expanded faster in the third quarter than originally estimated, according to government data released Thursday, despite analysts' expectations that growth would remain unchanged.

Seen as an important declaration, the Chief of the Reserve Bank of India (RBI), Shaktikanta Das, discussed his positive outlook for India's economic trajectory in a recent conversation with CNBC.

India can achieve sustainable growth of up to 8%: RBI Chief Shaktikanta Das

South Africa slipped into recession in the final three months of 2019, the country's statistics bureau said on Tuesday, the third contraction to hit the economy since the end of apartheid in 1994.

South Africa slips into recession

Things might not look up for the Indian economy at the moment but according to a study, India is likely to bounce back in the long run. According to a Japan-based think tank, India's bolstered GDP, together with neighbouring China's, is expected to account for 35 per cent of the global Gross Domestic Product in the year 2060.

India, China to account for nearly 35% of global GDP in 2060: Study

The government on Friday revised downwards the economic growth rate for 2018-19 to 6.1 per cent from 6.8 per cent estimated earlier, mainly due to deceleration in mining, manufacturing and farm sectors.

GDP growth rate for 2018-19 revised downwards to 6.1% from 6.8%

India can end up with a real GDP growth of five per cent this financial year excluding the inflation rate, Bibek Debroy, the chairman of PM's Economic Advisory Council said on Friday.

India can end up with 5% real GDP growth this fiscal: Chairman of PM's Economic Advisory Council

India's Gross Domestic Product (GDP) growth for quarter 2 (Q2) slipped to a six-year low, government data showed on Friday. At 4.5 per cent, India's Q2 GDP for the June-September quarter slipped from 5 per cent in the previous quarter of the current fiscal year.

India's GDP for June-September quarter falls to 4.5%, lowest in 6 years  

Hong Kong slid into recession for the first time in a decade in the third quarter, weighed down by increasingly violent anti-government protests and the protracted US-China trade war.

Hong Kong falls into first recession in 10 years as protests, trade war weigh

British street artist Banksy is selling a Union Jack stab vest, riot helmet 'disco balls' and a 'designer handbag' made from a brick to randomly selected buyers who can answer the question: "Why does art matter?

Why does art matter? Banksy asks, offering originals for the right answer

A report by the State Bank of Pakistan has thrown up some very worrying numbers for the Imran khan government. It's been a year since Imran Khan stormed to power promising 'Naya Pakistan'.

Pakistan economic crisis: Country's debts, liabilities exceed the size of its GDP

A slump in exports sent Germany's economy into reverse in the second quarter, data showed, as its manufacturers bore the brunt of a global slowdown amplified by tariff conflicts and uncertainty over Brexit.

Shrinking German economy 'on edge of recession' as exports stutter

Japan's economy grew at a faster-than-expected clip in the second quarter, official data showed on Friday, helped by celebrations to usher in a new imperial era.

Japan economy grows faster than expected on new-era holidays

A key gauge of China's debt has topped 300 per cent of gross domestic product, according to the Institute of International Finance (IIF), as Beijing steps up support for the cooling economy while trying to contain financial risks.

China's debt tops 300 per cent of Gross Domestic Product, now 15 per cent of global total: Institute of International Finance

Oil prices slipped on Monday after China posted its slowest quarterly economic growth in at least 27 years, reinforcing concerns about demand in the world's largest crude oil importer.

Slower China Gross Domestic Product growth nudges oil prices lower

Britain's economy appears to have shrunk for the first time since late 2012 between April and June as worries about Brexit were compounded by global trade tensions, a closely watched survey showed on Wednesday.

United Kingdom economy shrinks as Brexit, global worries mount: Survey

Gold prices hit a two-week low on Friday as the dollar recouped losses on upbeat US economic data, while mounting concerns over a slowdown in global growth offered support to the safe-haven metal.

Gold hits two-week low as upbeat US data lifts dollar

The growth forecast for the coming financial year is however tapered down to 6.7 per cent.

India fastest growing economy now with 7.7 per cent GDP growth rate

Taking cognizance of India's trade deficit with China, Prabhu said agreements have been signed with China to help reduce

Manufacturing sector will soon contribute 20% share of GDP: Suresh Prabhu

According to an article published in the Jing Rong Jie (Financial World) website, and reported by the chinascope.org website, Beijing spends a huge 15 to 17 per cent of its gross domestic product (GDP) each year in meeting its interest payments

China facing possible economic meltdown

The survey points out that India can be rated as among the best performing economies in the world as the average growth during last three years is around four percentage points higher than global growth.

Big takeaways from economic survey