News for 'World Economy'

World Bank: AI Offers Lifeline For Developing Economies

World Bank: AI Offers Lifeline For Developing Economies

Rediff.com4 Aug 2026

The World Bank's "World Development Report 2026" urges developing countries to adopt low-cost AI tools to accelerate progress in healthcare, education, and judicial services. The report highlights AI's potential to boost productivity and improve public services, while noting that jobs in high-income countries are more at risk from automation than those in developing nations.

India's Growth Pace May Dip as Global Economy Slows, Warns Moody's Analytics

India's Growth Pace May Dip as Global Economy Slows, Warns Moody's Analytics

Rediff.com17 Jul 2026

Moody's Analytics predicts India will remain the fastest-growing major economy in 2026 and 2027, but its pace will moderate due to a global slowdown, geopolitical risks, and financial market volatility, despite the boost from AI demand.

Bhuvneshwar Kumar 'Absolutely Ready' for India Recall, Eyes World Cup

Bhuvneshwar Kumar 'Absolutely Ready' for India Recall, Eyes World Cup

Rediff.com10 Aug 2026

Veteran pacer Bhuvneshwar Kumar has declared himself 'absolutely ready' for a potential recall to the Indian team, including for the World Cup, following spin legend Ravichandran Ashwin's endorsement for his return.

10 Takeaways From 2026 FIFA World Cup

10 Takeaways From 2026 FIFA World Cup

Rediff.com20 Jul 2026

The 10 takeaways from the FIFA World Cup, which was co-hosted by the United States, Canada and Mexico.

R Ashwin Wants Bhuvneshwar Kumar in India's 2027 ODI World Cup Squad

R Ashwin Wants Bhuvneshwar Kumar in India's 2027 ODI World Cup Squad

Rediff.com31 Jul 2026

Ashwin wants Bhuvneshwar Kumar in India's 2027 World Cup squad, saying the veteran seamer's swing bowling could be crucial in South African conditions.

PM lays out seven-point Sapta Dhara framework for Viksit Bharat

PM lays out seven-point Sapta Dhara framework for Viksit Bharat

Rediff.com15 Aug 2026

Prime Minister Narendra Modi has introduced a 'Sapta Dhara' (seven-stream) reform framework, aiming to propel India into a developed nation by 2047. This comprehensive plan focuses on key sectors including manufacturing, agro-food processing, technology, logistics, defence, green and blue economy, and soft power, leveraging the nation's youth potential.

Canada suspends trade talks with US, 50% tariff kicks in

Canada suspends trade talks with US, 50% tariff kicks in

Rediff.com2 days ago

Trade negotiations between the United States and Canada have collapsed, leading to the US imposing 50% tariffs on nearly $28 billion worth of Canadian imports, with Canada immediately vowing to retaliate dollar-for-dollar.

How AI Weather Forecasts Are Transforming Farming In Telangana

How AI Weather Forecasts Are Transforming Farming In Telangana

Rediff.com9 Aug 2026

A World Bank report highlights how Artificial Intelligence-powered weather forecasts have enabled small farmers in Telangana, India, to save up to USD 560 by adapting their farming practices to specific risks. The report, "The Promise of Artificial Intelligence," advocates for developing countries to rapidly adopt small, low-cost AI tools to enhance productivity, improve government services, and avoid missing out on the AI revolution.

AI could erode India's outsourcing advantage, warns WB report

AI could erode India's outsourcing advantage, warns WB report

Rediff.com5 Aug 2026

Generative artificial intelligence (AI) is beginning to alter hiring patterns in South Asia, with multinational companies (MNCs) and firms integrated into global value chains (GVCs) reducing recruitment more sharply than domestic firms, signalling the technology's early impact on the region's export-oriented services sector, according to the World Bank's World Development Report 2026.

India Emerges As A Leader In Digital Economy And AI

India Emerges As A Leader In Digital Economy And AI

Rediff.com29 May 2026

A new report indicates India has become the world's fifth most digitalised economy and ranks fourth globally in AI performance, driven by increasing AI adoption and a strong digital infrastructure.

Young Leaders Dialogue To Shape India's Future

Young Leaders Dialogue To Shape India's Future

Rediff.com5 days ago

The third edition of the Viksit Bharat Young Leaders Dialogue (VBYLD) has commenced with a quiz contest, leading to a national finale in January 2027 where young leaders will present their ideas for a developed India to Prime Minister Narendra Modi. The multi-stage event includes essay challenges, district championships, and state-level dialogues, aiming to foster youth participation in nation-building across various thematic areas.

'Economy May Take 2 To 3 Months To Return To Normal'

'Economy May Take 2 To 3 Months To Return To Normal'

Rediff.com8 Jul 2026

'The real shock is going to be from a deficient monsoon.'

How China Shielded Itself From Oil Shock

How China Shielded Itself From Oil Shock

Rediff.com7 days ago

China sailed through the crisis in the Strait of Hormuz relatively unscathed even as the impact of its steps shielded other consuming nations from having to pay high crude oil prices.

ISRO Bets Big on Space Startups

ISRO Bets Big on Space Startups

Rediff.com12 hours ago

'ISRO will not manufacture any launch vehicles. That will all be done by the private sector or public sector undertakings.'

How UPI Revolutionised India's Digital Payments Ecosystem

How UPI Revolutionised India's Digital Payments Ecosystem

Rediff.com9 hours ago

The Unified Payments Interface (UPI) has completed a decade since its launch, becoming the backbone of India's digital payments ecosystem. It has seen exponential growth in transaction volume and value, expanding financial inclusion and setting a global benchmark for real-time payments.

80th Independence Day: Modi vows to realise 'Viksit Bharat' dream by 2047

80th Independence Day: Modi vows to realise 'Viksit Bharat' dream by 2047

Rediff.com15 Aug 2026

Prime Minister Narendra Modi, in his 80th Independence Day address, expressed strong confidence that India will achieve developed nation status by 2047, urging citizens to embrace big dreams and unwavering resolve to realise 'Viksit Bharat'. He highlighted India's economic transformation and significant growth in various sectors, including defence production, electronic manufacturing, and mobile phone production.

Ladakh Unveils First International-Level Artificial Ice Hockey Rink

Ladakh Unveils First International-Level Artificial Ice Hockey Rink

Rediff.com13 Aug 2026

Ladakh has inaugurated its first international-level artificial ice hockey rink, a state-of-the-art facility costing Rs 42 crore. Equipped with a 24x7 chilling system, it allows year-round training, overcoming the previous limitation of a short natural ice season. This development is expected to boost winter sports, nurture local talent, and promote sports tourism in the region.

5 High Growth Business Ideas for First-Time Women Entrepreneurs

5 High Growth Business Ideas for First-Time Women Entrepreneurs

Rediff.com8 hours ago

The companies that grow are the ones that adapt quickly, embrace technology thoughtfully and never lose sight of the customer.

'Students India's future': Prez Murmu promises fair exams in I-Day eve address

'Students India's future': Prez Murmu promises fair exams in I-Day eve address

Rediff.com14 Aug 2026

Underlining that students are the "architects of India's future," President Droupadi Murmu on Friday said the government is taking comprehensive steps to reform public examinations to completely curb paper leaks and unfair means, making the system transparent, secure, and trustworthy.

GalaxEye Buys StarOps, Expands Space Capabilities

GalaxEye Buys StarOps, Expands Space Capabilities

Rediff.com11 Aug 2026

'From day one, our vision has been to build a company that develops and owns the technologies defining the future of space.'

PM promises Rs 1 lakh crore Innovation Fund for start-ups

PM promises Rs 1 lakh crore Innovation Fund for start-ups

Rediff.com15 Aug 2026

Prime Minister Narendra Modi has called upon India's youth to dream big, assuring them of government support and resources, including a Rs 1 lakh crore Innovation Fund, to bolster the country's burgeoning startup ecosystem and drive its journey towards becoming a developed nation.

Trump unveils 50% tariffs as US-Canada trade war escalates

Trump unveils 50% tariffs as US-Canada trade war escalates

Rediff.com2 hours ago

The US-Canada trade war has escalated sharply, with US President Donald Trump on Monday announcing that tariffs on Canadian cars, trucks, automotive parts and steel imports will be raised to 50 percent from January 2027, following the collapse of trade negotiations between Washington and Ottawa last week.

FULL TEXT: President Murmu's address to the nation on eve of 80th I-Day

FULL TEXT: President Murmu's address to the nation on eve of 80th I-Day

Rediff.com15 Aug 2026

In her address to the nation on the eve of the country's 80th Independence Day, the president stressed that just as government and society remain united to ensure national security, everyone must contribute through joint and concerted efforts to safeguard the present and future of students.

How Technology And Innovation Will Drive India's Growth

How Technology And Innovation Will Drive India's Growth

Rediff.com15 Aug 2026

Prime Minister Narendra Modi, in his Independence Day address, highlighted technology and innovation as central to India's goal of becoming a developed nation by 2047. He called for India to lead in emerging technologies like AI, quantum computing, and space, announcing a massive AI skilling initiative for one crore youth. Modi stressed the importance of becoming a global innovation hub, bolstering energy security with nuclear power, and strengthening cybersecurity.

How Goa's Drone Didi Scheme Is Empowering Women

How Goa's Drone Didi Scheme Is Empowering Women

Rediff.com15 Aug 2026

Goa has successfully completed its first pilot drone-skilling workshop for 12 women and plans to train 100 women annually under the Goa Drone Didi Training Scheme. This initiative aims to promote drone technology, rural livelihoods, and women-led entrepreneurship, aligning with the Centre's Namo Drone Didi programme.

US Moves to Regulate Crypto. What Will India Do?

US Moves to Regulate Crypto. What Will India Do?

Rediff.com5 days ago

The US push for clearer crypto rules is putting pressure on India to fill its own regulatory gap for virtual digital assets.

Anand Mahindra: M&M must enter attack mode

Anand Mahindra: M&M must enter attack mode

Rediff.com31 Jul 2026

Mahindra Group Chairman Anand Mahindra announced the company would adopt an 'attack mode' strategy, accelerating investment, innovation, and execution to capitalise on opportunities arising from prolonged geopolitical and economic uncertainty.

UPI payments to remain free, charges to apply only on...: Govt

UPI payments to remain free, charges to apply only on...: Govt

Rediff.com8 Aug 2026

The Indian government has clarified that consumers will not be charged for UPI transactions, and most merchant transactions will also remain free. This comes amidst speculation following an amendment to the Payment and Settlement Systems Act, 2007. Any future merchant discount rate (MDR) would be nominal, threshold-based, and aimed at ensuring UPI's long-term sustainability and infrastructure development.

What Makes Crypto Rise Or Fall?

What Makes Crypto Rise Or Fall?

Rediff.com14 Aug 2026

Crypto can rise or fall for many reasons. Here's a simple guide to what gives digital assets value and drives their prices.

'Government Did A U-Turn On Caste Census'

'Government Did A U-Turn On Caste Census'

Rediff.com5 days ago

'They want to sabotage the caste census and bury Muslim backward classes, Hindu backward classes, Sikh backward classes and Buddhist backward classes.'

How Long Can US Forces Fight Iran War?

How Long Can US Forces Fight Iran War?

Rediff.com15 Aug 2026

Torn between loyalty to their comrades and disillusionment towards the cause for which they are fighting, they are beginning to cave in. Morale has been the casualty, points out Vice Admiral Biswajit Dasgupta (retd).

'India Has Only 15 More Years Left...'

'India Has Only 15 More Years Left...'

Rediff.com27 Jul 2026

'After that the burdens of an ageing population will be upon us, and the share of working age population will shrink.'

West Bengal Pledges Full Support For India-Brazil Football Clash

West Bengal Pledges Full Support For India-Brazil Football Clash

Rediff.com7 Aug 2026

West Bengal Chief Minister Suvendu Adhikari has assured the All India Football Federation of full government support to host India's biggest-ever international football fixture against five-time World Cup champions Brazil in Kolkata on October 3. This historic match will be India's first against a top-five FIFA-ranked nation, offering crucial exposure to the national team despite initial concerns over crowd management.

How AI Can Boost India's Economy By $500 Billion

How AI Can Boost India's Economy By $500 Billion

Rediff.com13 May 2026

A joint study by IBM and IndiaAI, a MeiTY initiative, indicates that Artificial Intelligence (AI) has the potential to contribute over USD 500 billion to India's economy by 2030. The report highlights the need for improved AI literacy, infrastructure, and data quality to fully realise this potential.

'Very Bad For Global Economy If War Continues'

'Very Bad For Global Economy If War Continues'

Rediff.com28 Apr 2026

'Even if the war ends tomorrow, which is unlikely, and we go back to the pre-war status quo, the world will still need some time to get over the sudden shock of oil price increases.'

Why Invasive Species Threaten Global South Biodiversity Most

Why Invasive Species Threaten Global South Biodiversity Most

Rediff.com24 Jul 2026

A new study reveals that the impacts of invasive species on biodiversity are most severe in the Global South, challenging previous assumptions. Factors like rapidly developing economies, weak governance, and limited management capacity make these regions particularly vulnerable, leading to higher ecological and economic damages.

Major blow! Shreyanka Patil out of T20 World Cup

Major blow! Shreyanka Patil out of T20 World Cup

Rediff.com19 Jun 2026

Off-spinner Shreyanka Patil has been ruled out of the Women's T20 World Cup due to an ankle injury sustained during a match against the Netherlands. Uncapped leg-spinner Prema Rawat has been named as her replacement, marking a significant setback for the Indian team and a maiden call-up for Rawat.

India Is Now A Reverse Goldilocks Economy

India Is Now A Reverse Goldilocks Economy

Rediff.com18 May 2026

India emerged reasonably well from 2025. But now, the oil shock and war-related supply disruptions have again driven funds out of India and significantly weakened the rupee, points out Ajay Chhibber.

Bihar alcohol ban failed, govt should revoke it: Study

Bihar alcohol ban failed, govt should revoke it: Study

Rediff.com8 Aug 2026

A research paper by the National Council of Applied Economic Research (NCAER) recommends that Bihar revoke its alcohol ban, citing its failure to reduce violence against women and a rise in illicit drug and alcohol consumption. The report suggests that reinstating the liquor excise tax would significantly increase state revenues and decrease enforcement costs.

Bowling Struggles, Fitness Woes: Why India Flopped In England ODIs

Bowling Struggles, Fitness Woes: Why India Flopped In England ODIs

Rediff.com21 Jul 2026

A look at what went wrong for India in the England ODI series.