News for 'World Economy'

India to supply BrahMos, Astra missiles to Indonesia; backs Indo-Pacific peace

India to supply BrahMos, Astra missiles to Indonesia; backs Indo-Pacific peace

Rediff.com7 Jul 2026

Prime Minister Narendra Modi and Indonesian President Prabowo Subianto have significantly advanced the India-Indonesia Comprehensive Strategic Partnership, securing crucial agreements on defence, critical minerals, and maritime security, including BrahMos missile supply and Sabang port development.

Gulf Crisis: How India Avoided Economic Turmoil

Gulf Crisis: How India Avoided Economic Turmoil

Rediff.com7 Jul 2026

Not a single retail outlet ran dry. Every household that wanted a cylinder got one. India faced neither a 1991 moment nor a 2013 one. Macroeconomic stability held. This was not an accident, and it was not luck alone. It was the work of a government that chose to act as it had during the pandemic -- deliberately and gradually, building one measure upon another rather than reaching for a single dramatic lever, explains V Anantha Nageswaran, chief economic advisor to the Government of India.

'Why Should We Be Okay With 6.5% Growth Rate?'

'Why Should We Be Okay With 6.5% Growth Rate?'

Rediff.com2 Jul 2026

'Why not aspire for 8 or 9 or even 10 per cent?'

Rupee Exchange Rate Is Not Just A Number

Rupee Exchange Rate Is Not Just A Number

Rediff.com6 Jul 2026

If we really want to curb the further depreciation of the rupee and make the rupee appreciate, we want to come out of the mindset that the exchange rate is merely a number, bring policy corrections to help reduce the outflow of foreign exchange by imposing suitable tariffs to discourage imports and bring self reliance, discipline FPIs, and correcting rules governing royalty outflows, suggests Dr Ashwani Mahajan, National Co-Convenor, Swadeshi Jagaran Manch.

Indonesian fighter jets escort Modi's plane in grand welcome

Indonesian fighter jets escort Modi's plane in grand welcome

Rediff.com7 Jul 2026

Prime Minister Narendra Modi was accorded a grand welcome on his arrival in Jakarta on Monday, with Indonesian Air Force fighter jets escorting the PM's aircraft upon entering Indonesian airspace, marking a ceremonial welcome.

Alan Greenspan, former US Federal Reserve chair, passes away at 100

Alan Greenspan, former US Federal Reserve chair, passes away at 100

Rediff.com22 Jun 2026

Legendary economist and former Federal Reserve chairman Alan Greenspan has died at the age of 100 due to complications related to Parkinson's disease, his wife Andrea Mitchell confirmed.

Is The World Moving Towards De-Dollarisation?

Is The World Moving Towards De-Dollarisation?

Rediff.com2 May 2026

India should not stay on the margins of this initiative. There should be a serious debate about what would be in India's best interests asserts former foreign secretary Shyam Saran.

Why Taiwan Is At The Heart Of US-China Rivalry

Why Taiwan Is At The Heart Of US-China Rivalry

Rediff.com29 Jun 2026

For the foreseeable future, the most likely outcome remains continuation of the status quo. Taiwan will remain self-governing without formally declaring independence, while China continues to apply sustained pressure short of war, predict Krishnan Srinivasan and Manoj Mohanka.

The H-1 B Visa and the Fading American Dream

The H-1 B Visa and the Fading American Dream

Rediff.com8 Jul 2026

The H-1B visa once symbolised the American Dream for Indians, but today's students are increasingly asking whether they need America at all. In 1995, the question was: How do I get to America? In 2026, it may be: Do I need to?

Should Harmanpreet continue as India's T20 captain?

Should Harmanpreet continue as India's T20 captain?

Rediff.com29 Jun 2026

India's Women's T20 World Cup campaign ended in another group-stage exit, putting Harmanpreet Kaur's captaincy under scrutiny and exposing issues with team selection, batting approach, bowling balance and fielding that could trigger a major reset.

Trump says Iran 'agrees to never have nukes', denies $300mn fund claim

Trump says Iran 'agrees to never have nukes', denies $300mn fund claim

Rediff.com16 Jun 2026

Earlier, Israeli Prime Minister Benjamin Netanyahu also declared that Iran would never be allowed to acquire nuclear weapons, regardless of any agreement.

5 diamonds weighing 1.22 carats found during exploration in Chhattisgarh

5 diamonds weighing 1.22 carats found during exploration in Chhattisgarh

Rediff.com23 Jun 2026

Five diamonds, including two of gem quality, have been discovered during scientific exploration in Chhattisgarh's Mahasamund district. This significant find in the Baloda-Belmundi Diamond Block could establish a new diamond-bearing region, promising future investments, revenue generation, and employment opportunities for the state and strengthening India's domestic diamond resources.

The Strategic Importance Of Pakistan's Gwadar Port For China

The Strategic Importance Of Pakistan's Gwadar Port For China

Rediff.com13 Jul 2026

Gwadar is viewed as a critical pearl in China's maritime strategy as it would give a permanent logistical footprint near an important choke point - the Strait of Hormuz and the oil rich Persian Gulf, explains Commodore Venugopal Menon (retd).

Pakistan to host 'historic signing' of US-Iran peace agreement

Pakistan to host 'historic signing' of US-Iran peace agreement

Rediff.com15 Jun 2026

Pakistan Prime Minister Shehbaz Sharif announced that Pakistan would host the signing ceremony of a peace agreement between the US and Iran in Switzerland on June 19, calling it a "historic milestone" that ends a 107-day conflict and promises global economic stability.

India aims to operationalise 9 FTAs in 10 months, eyes more pacts: Piyush Goyal

India aims to operationalise 9 FTAs in 10 months, eyes more pacts: Piyush Goyal

Rediff.com5 Jun 2026

Commerce and Industry Minister Piyush Goyal announced that India expects to operationalise nine free trade agreements (FTAs) within the next 10 months, with plans for an additional three to four significant pacts over the coming year, reinforcing India's ambition to become a global manufacturing and investment hub.

History made! Prasidh 1st Indian to take ODI five-for at Chepauk

History made! Prasidh 1st Indian to take ODI five-for at Chepauk

Rediff.com20 Jun 2026

Indian pacer Prasidh Krishna achieved a historic milestone at Chennai's Chepauk Stadium, taking his maiden five-wicket haul (5/23) in ODIs against Afghanistan. This performance marked the best figures by an Indian bowler at the venue and placed him among an elite group of Indian pacers.

Amazon Boosts India Investment To USD 48 Billion, Focus On AI And Cloud

Amazon Boosts India Investment To USD 48 Billion, Focus On AI And Cloud

Rediff.com25 Jun 2026

Amazon CEO Andy Jassy announced an additional USD 13 billion investment in India, bringing the company's total capital commitment to USD 48 billion by 2030. This significant investment will primarily focus on expanding AI and cloud infrastructure, supporting job creation, boosting e-commerce exports, and digitising small businesses, aligning with India's growing digital economy.

'US Thought They Could Pressurise India'

'US Thought They Could Pressurise India'

Rediff.com29 Jun 2026

'They talked bad about our leaders. They said India was a dead economy. They were not sensitive to the Indian psyche.'

'Is It A Demographic Curse?'

'Is It A Demographic Curse?'

Rediff.com8 Jul 2026

'The main problem the country faces is not low GDP growth, but low employment growth.'

Radhika Gupta, Edelweiss: 'Hopefully, The Worst Is Behind Us'

Radhika Gupta, Edelweiss: 'Hopefully, The Worst Is Behind Us'

Rediff.com4 Jul 2026

'Investors shouldn't let fear dictate their decisions. The most important step is simply to begin investing.'

Trump Is Coming For Immigrant Brothers, Sisters, Aunties, Uncles...

Trump Is Coming For Immigrant Brothers, Sisters, Aunties, Uncles...

Rediff.com13 Jun 2026

Immigrants' contribution to the US economy is disproportionate to their share of the population, meaning that losing them would shrink the economy even more than losing a random group of Americans, points out Sree Sreenivasan.

India must focus on long-term growth, not short-term challenges: Citi CEO

India must focus on long-term growth, not short-term challenges: Citi CEO

Rediff.com12 Jun 2026

Despite current headwinds, India remains the world's fastest-growing major economy and should not allow near-term challenges to obscure its long-term growth potential, said Jane Fraser, Citi Chair and Chief Executive Officer.

Crude falls back to Feb levels: What is stopping a fuel price cut?

Crude falls back to Feb levels: What is stopping a fuel price cut?

Rediff.com25 Jun 2026

Global oil prices fell on Thursday to their lowest levels since before the outbreak of the Iran conflict, offering a significant economic tailwind for India, the world's third-largest crude importer, by easing inflation risks, reducing the import bill and improving the government's fiscal position.

Oracle And UPSDM Join Forces To Upskill 3 Lakh In AI, Cloud

Oracle And UPSDM Join Forces To Upskill 3 Lakh In AI, Cloud

Rediff.com15 Jun 2026

Oracle has partnered with the Uttar Pradesh State Skill Development Mission (UPSDM) to provide free digital skills training in AI, cloud, cybersecurity, and data science to 300,000 students and professionals by 2029, aiming to enhance employability and build a future-ready workforce.

Avesh Khan Eyes India Comeback With Strong Domestic Performances

Avesh Khan Eyes India Comeback With Strong Domestic Performances

Rediff.com25 Jun 2026

Avesh Khan remains determined for a India comeback, hoping to catch the selectors' attention with strong Ranji Trophy performances this season.

Time India Embraces China And US

Time India Embraces China And US

Rediff.com26 Jun 2026

India's dual pursuit of a robust strategic partnership with Washington and a pragmatic, tension-management policy with Beijing represents the essence of modern multi-alignment. By embracing economic pragmatism, learning to compartmentalize political differences, and engaging in continuous dialogue, India can secure its borders, grow its economy, and contribute to a stable, multipolar Asian century, points out Ambassador Rajasekhar.

GST @ 10: Focus Shifts To AI-Led Compliance, Faster Refunds, Simpler Tax

GST @ 10: Focus Shifts To AI-Led Compliance, Faster Refunds, Simpler Tax

Rediff.com28 Jun 2026

As India marks a decade of the Goods and Services Tax (GST), the focus is shifting towards enhancing efficiency through artificial intelligence, data sharing, and process simplification. The reform, which unified India's indirect tax system, has significantly broadened the tax base and boosted revenues, with future plans including a streamlined two-tier rate structure and continued technological integration to reduce compliance costs and combat evasion.

RIL to build Meta's first AI data centre in India

RIL to build Meta's first AI data centre in India

Rediff.com11 Jun 2026

Meta has partnered with Reliance Industries Ltd (RIL) to construct its first AI-powered data centre in India, a 168-megawatt facility located in Jamnagar, marking a significant milestone in Meta's global infrastructure expansion and deepening its strategic partnership with Reliance.

Washington Sundar's undefined role in India's T20 side raises tough questions

Washington Sundar's undefined role in India's T20 side raises tough questions

Rediff.com27 Jun 2026

Despite backing from the team management, Washington Sundar's inconsistent usage with both bat and ball has raised questions over his undefined role, with Ravichandran Ashwin urging India to utilise him more clearly as a genuine all-rounder.

How US And India Are Strengthening AI Supply Chains Together

How US And India Are Strengthening AI Supply Chains Together

Rediff.com26 Jun 2026

The US and India are collaborating to de-risk global supply chains for artificial intelligence technologies, particularly in semiconductor manufacturing and critical minerals processing. This partnership is facilitated through the US-led Pax Silica initiative, which aims to address over-concentration issues and single points of failure in supply chains, fostering a resilient global economy.

Why Modi Should Watch Japan's Transformation Under Sanae Takaichi

Why Modi Should Watch Japan's Transformation Under Sanae Takaichi

Rediff.com3 Jul 2026

History may remember Takaichi Sanae not as the leader who simply accelerated Japanese rearmament, but as one who governed during Japan's transition from an industrial-age security model to a post-industrial strategic member of the global order, points out Varun Arya.

India's long-term consumption story intact despite challenges: KKR

India's long-term consumption story intact despite challenges: KKR

Rediff.com11 Jun 2026

Global investment firm KKR remains optimistic about India's long-term growth, citing rising incomes, premiumisation, financial deepening, and demand for quality services as key drivers for its consumption story, even as higher energy prices and AI disruption pose near-term challenges.

Trump by his side, Modi raises Indian sailors' deaths at G7

Trump by his side, Modi raises Indian sailors' deaths at G7

Rediff.com17 Jun 2026

Modi's comments on underlining the importance of ensuring the safety of seafarers came against the backdrop of growing anger in India over the killing of the three Indian crew members in a US military attack on a merchant ship off the coast of Oman last week.

Digital Economy to Contribute 20% to India's GDP by 2030

Digital Economy to Contribute 20% to India's GDP by 2030

Rediff.com17 Mar 2026

India's digital economy is projected to constitute nearly 20 per cent of the nation's GDP by 2030, fuelled by a growth rate twice as fast as the overall economy, according to a senior government official.

IPL: Rishabh Pant set to return to Delhi Capitals as LSG eye Kuldeep Yadav

IPL: Rishabh Pant set to return to Delhi Capitals as LSG eye Kuldeep Yadav

Rediff.com20 Jun 2026

Lucknow Super Giants are reportedly set to release captain Rishabh Pant, with the wicketkeeper-batter likely to return to his former franchise Delhi Capitals in a major IPL trade, ESPNcricinfo reported.

Modi meets Trump in France, discusses seafarers' safety, Iran deal

Modi meets Trump in France, discusses seafarers' safety, Iran deal

Rediff.com18 Jun 2026

Prime Minister Narendra Modi urged US President Donald Trump to prioritise the safety of Indian seafarers in the Strait of Hormuz during the implementation of Washington's proposed Iran peace deal, as both leaders focused on repairing strained bilateral relations at the G7 summit.

'Trump Genuinely Likes India'

'Trump Genuinely Likes India'

Rediff.com22 Jun 2026

'The flip side of this is that he won't hesitate to call out India if he thinks its policies are hurting US economic interests or border US foreign policy goals.'

Bangladesh turns to China on Teesta: Should India be concerned?

Bangladesh turns to China on Teesta: Should India be concerned?

Rediff.com26 Jun 2026

Dhaka and Beijing on Thursday agreed to strengthen cooperation on the management of the Teesta and other rivers and signed 13 agreements to bolster bilateral ties following talks between Bangladeshi Prime Minister Tarique Rahman and Chinese Premier Li Qiang.

Amazon CEO Andy Jassy unveils massive India qcomm expansion plan

Amazon CEO Andy Jassy unveils massive India qcomm expansion plan

Rediff.com24 Jun 2026

Amazon CEO Andy Jassy has announced a significant expansion of the company's quick commerce business, Amazon Now, to over 300 Indian cities, aiming to build the country's largest delivery-in-minutes network. This move follows a recent USD 35 billion investment commitment by Amazon in India.

Time To Choose Growth Over Rupee Fear

Time To Choose Growth Over Rupee Fear

Rediff.com11 Jun 2026

The primary objective should be to figure out a way to grow at 7 to 7.5 per cent with inflation around 4 per cent. Any policy that can help us get there must be experimented with. Those that work should stay. Those that do not should go, suggests Karan Bhasin.