News for 'World Economy'

India to remain fastest-growing major economy in 2024

India to remain fastest-growing major economy in 2024

Rediff.com31 Dec 2023

India decisively withstood global headwinds in 2023 and is likely to remain as the world's fastest-growing major economy on the back of growing demand, moderate inflation, stable interest rate regime and robust foreign exchange reserves. Despite widespread pessimism witnessed among the developed nations and the worsening geopolitical situation, India recorded a gross domestic product (GDP) expansion of 6.1 per cent in the March quarter. The growth moved up to 7.8 per cent in the June quarter and was 7.6 per cent in the September quarter. For the first six months of this fiscal, the growth was 7.7 per cent.

NDMA Plans 300 More Heat Action Plans as Mercury Rises

NDMA Plans 300 More Heat Action Plans as Mercury Rises

Rediff.com18 Mar 2025

States are mandated to develop and implement 'heat HAPs' for prevention of heat-induced diseases. But most do not go beyond standard advisory on heat prevention.

Why Trump Wants All Wars To End

Why Trump Wants All Wars To End

Rediff.com13 Mar 2025

The US involvement in Ukraine and the Middle East is a distraction which has to end quickly so that the main business of China can be focussed on. China is America's only peer competitor, not Russia and not anybody else. Therefore it makes little sense to be diverted from the overall mission, explains Aakar Patel.

World Bank ups India growth forecast to 7% for FY25

World Bank ups India growth forecast to 7% for FY25

Rediff.com3 Sep 2024

The World Bank on Tuesday raised the growth forecast for the Indian economy to 7 per cent for the current fiscal year on the back of recovery in agri sector and rural demand. World Bank had in June projected India to grow at 6.6 per cent for FY24. According to the World Bank Report released on Tuesday, India's growth continues to be strong despite a challenging global environment.

'There's A Cost To Supporting Terrorism'

'There's A Cost To Supporting Terrorism'

Rediff.com7 May 2025

'Whatever we do, the purpose will be to re-establish deterrence.'

Goyal's Comment Sparks Startup Uproar

Goyal's Comment Sparks Startup Uproar

Rediff.com5 Apr 2025

'The startup ecosystem, the government, and the owners of large pools of Indian capital need to actively support the creation of these local champions, not pull down the teams that are trying hard to get there.'

What 'Trump's Gaza' will look like after US takeover

What 'Trump's Gaza' will look like after US takeover

Rediff.com26 Feb 2025

US President Donald Trump has shared an AI-generated video on social media depicting a war-torn Gaza transformed into a luxurious riviera town, featuring himself vacationing with Israeli Prime Minister Benjamin Netanyahu. The video, which has gone viral, has sparked widespread criticism and backlash, with many users expressing their disgust and disappointment. The video, set to a catchy song, showcases a utopian vision of Gaza with luxurious amenities, including SpaceX CEO Elon Musk enjoying meals in the new town, belly dancers, party scenes, and luxurious cars. The video also portrays Trump and Netanyahu enjoying the beach, while children chase after falling dollars. The post has been met with outrage, with many users stating that they voted for Trump to focus on the American economy, not for this type of project. Others criticized the lack of respect and seriousness in the video. Trump recently announced that the US will take over the Gaza Strip, own it, and undertake economic development to create jobs and housing. He envisions a diverse population, including Palestinians, living in the rebuilt Gaza Strip, which has been met with rejection from key Arab allies like Egypt, Jordan, and Saudi Arabia.

What Bessemer plans to do with its $350 million India-only fund

What Bessemer plans to do with its $350 million India-only fund

Rediff.com19 Mar 2025

Bessemer Venture Partners has closed $350 million in capital for its second dedicated India fund to back founders in the region, who build enduring companies.

India bought 112 bn euro worth of Russian oil since Ukraine war

India bought 112 bn euro worth of Russian oil since Ukraine war

Rediff.com6 Mar 2025

India, the world's third largest oil consuming and importing nation, spent 112.5 billion euro (about Rs 1.5 lakh crore) on buying crude oil from Russia since the start of the Ukraine war, a European think tank said on Thursday. The Centre for Research on Energy and Clean Air (CREA) released a report on payments to Russia for fossil fuels since February 24, 2022. "According to our estimates, since the beginning of the war, Russia earned EUR 835 billion in revenue from fossil fuel exports," it said.

India, US to sign new defence framework: White House official

India, US to sign new defence framework: White House official

Rediff.com13 Feb 2025

India and the United States will be signing a new defence framework during Prime Minister Narendra Modi's ongoing visit to the US, which will give a further fillip to the partnership between the two countries, a senior White House administration official said on Thursday.

'Tata, Mahindra Will Not Allow Tesla to Dominate'

'Tata, Mahindra Will Not Allow Tesla to Dominate'

Rediff.com28 Feb 2025

'Every Indian should move to an EV, and the government should not buy any fossil fuel cars. The government should become the first driver of EV adoption.'

Trump offers olive branch to China after counter tariffs

Trump offers olive branch to China after counter tariffs

Rediff.com5 Apr 2025

US President Donald Trump has proposed a deal to China that would see the sale of TikTok's US operations to an American buyer in exchange for a reduction in tariffs on Chinese exports to the US. The proposal comes amid a trade war between the two countries and follows China's retaliation of Trump's tariffs on Chinese goods. Trump has also said that tariffs are a powerful economic tool and that he is determined to ensure fair trade between the US and China.

Does Andre Russell Deserve To Be In KKR Side?

Does Andre Russell Deserve To Be In KKR Side?

Rediff.com16 Apr 2025

'If one can be brutally honest, he is part of this set-up more because of his reputation.'

Adityanath backs HC judge whose speech at VHP event triggered row

Adityanath backs HC judge whose speech at VHP event triggered row

Rediff.com15 Dec 2024

Uttar Pradesh Chief Minister Yogi Adityanath has hit out at the Opposition for initiating impeachment notices against Rajya Sabha chairman Jagdeep Dhankhar and Allahabad high court's Justice Shekhar Kumar Yadav, saying 'whoever speaks the truth' is threatened in this way.

PBKS face combination dilemma against confident KKR

PBKS face combination dilemma against confident KKR

Rediff.com14 Apr 2025

If Punjab goes for a flat deck, there is no guarantee that the bowling unit can defend anything in the 220 range, especially when KKR have the likes of Sunil Narine, Rinku Singh, and Venkatesh Iyer in their ranks.

'Zero-For-Zero Tariff Is Best Medicine For India'

'Zero-For-Zero Tariff Is Best Medicine For India'

Rediff.com21 Apr 2025

'No retaliatory tariffs now. You can retaliate after a few months.' 'Today, there is no need to retaliate because it is a question of long term benefits.'

T20 World Cup: 'India is so fortunate to have Bumrah'

T20 World Cup: 'India is so fortunate to have Bumrah'

Rediff.com21 Jun 2024

India are fortunate to have a bowler of the calibre of Jasprit Bumrah, who is head and shoulders above the rest in international cricket, said former batter Sanjay Manjrekar.

Trump's Disruptions: Blessing In Disguise

Trump's Disruptions: Blessing In Disguise

Rediff.com13 Feb 2025

We must bring a laser focus on our own interests, and define our friends and foes more clearly instead of trying to live by somebody else's rules. We must grow up, think for ourselves, think India First, asserts R Jagannathan.

COP29: India, developing world face EU resistance to climate finance

COP29: India, developing world face EU resistance to climate finance

Rediff.com19 Nov 2024

Talks on global climate finance virtually ground to a halt last week at COP29, the annual United Nations (UN) Climate Change event in Baku, Azerbaijan, as the developed world, led by the European Union (EU), and developing countries including India, Brazil, South Africa, and a clutch of island nations and African countries faced a wide chasm between their expectations. This has raised doubts about whether an agreement can be reached this week or whether talks will spill over to COP30, to be held next year in Benem, Brazil.

WPL: Can Delhi Capitals deny Mumbai Indians second crown and break title jinx?

WPL: Can Delhi Capitals deny Mumbai Indians second crown and break title jinx?

Rediff.com14 Mar 2025

Powered by the all-round brilliance of Nat Sciver-Brunt and Hayley Matthews, Mumbai Indians head into the Women's Premier League final as favorites to claim their second title, while Delhi Capitals hope to break their title jinx in what promises to be a thrilling showdown in Mumbai on Saturday.

Modi Preaches World Peace But...

Modi Preaches World Peace But...

Rediff.com28 Aug 2024

'...We should first look at and acknowledge what we have done to ourselves.' 'To not do so opens us to the accusation of rank hypocrisy and also reduces the stature of our globetrotting peaceniks,' asserts Aakar Patel.

Govt fixes capex at Rs 11.21 lakh cr for FY26

Govt fixes capex at Rs 11.21 lakh cr for FY26

Rediff.com2 Feb 2025

Having missed the target for the current financial year, Finance Minister Nirmala Sitharaman on Saturday proposed to spend Rs 11.21 lakh crore towards capital expenditure (capex) for FY26. However, the capex target is going to be missed by about 93,000 crore for the current financial year.

'AI is no longer a futuristic concept but an economic multiplier'

'AI is no longer a futuristic concept but an economic multiplier'

Rediff.com2 Feb 2025

Budget 2025 lays down a transformational roadmap for India's digital and economic future, focusing on AI-driven enterprise modernisation, workforce skilling, and sustainable innovation. With bold investments in AI, digital infrastructure, and ease of doing business, the government has set the stage for businesses to scale, innovate and compete on a global level.

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