News for 'World Economy'

World Bank: AI Offers Lifeline For Developing Economies

World Bank: AI Offers Lifeline For Developing Economies

Rediff.com6 days ago

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.com1 days ago

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.

How AI Weather Forecasts Are Transforming Farming In Telangana

How AI Weather Forecasts Are Transforming Farming In Telangana

Rediff.com1 days ago

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.com6 days ago

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.

'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.'

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.

GalaxEye Buys StarOps, Expands Space Capabilities

GalaxEye Buys StarOps, Expands Space Capabilities

Rediff.com5 hours ago

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

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

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

Rediff.com2 days ago

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.

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.

'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.com4 days ago

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.

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.

Bihar alcohol ban failed, govt should revoke it: Study

Bihar alcohol ban failed, govt should revoke it: Study

Rediff.com2 days ago

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.

Kuldeep Should Be Playing Regularly: Harbhajan

Kuldeep Should Be Playing Regularly: Harbhajan

Rediff.com1 days ago

'If I was with the team, I would pick bowlers who I feel can pick wickets and win matches for me with the ball.'

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.

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.

'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.'

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.

NITI Aayog's Vision For India's Bioeconomy Growth

NITI Aayog's Vision For India's Bioeconomy Growth

Rediff.com16 Jul 2026

A NITI Aayog report outlines India's potential to scale its bioeconomy to USD 691 billion by 2035 and USD 2.6 trillion by 2047, creating over 30 million high-value jobs. The report stresses the need for coordinated national execution, regulatory reforms, a strengthened talent pipeline, and a significant BioEconomy Growth Fund to achieve this vision, positioning India among the top biotechnology powers globally.

E20 petrol safe, no engine failure reported, Gadkari tells Parliament

E20 petrol safe, no engine failure reported, Gadkari tells Parliament

Rediff.com30 Jul 2026

The Indian government has defended its E20 ethanol blending programme, stating that extensive testing and field experience show no evidence of abnormal engine wear, corrosion, or reduced vehicle life, despite a potential 2-6% reduction in fuel economy.

Here's why Kohli's RCB is IPL's most valuable team

Here's why Kohli's RCB is IPL's most valuable team

Rediff.com29 Jul 2026

The business value of the Indian Premier League (IPL) has surged by over 11% to $20.6 billion this year, according to U.S.-based investment bank Houlihan Lokey. This growth is driven by its robust commercial model, attracting significant investor interest, as evidenced by recent franchise ownership changes and a diversified commercial ecosystem.

Iran rejigs leadership after rare meet between Supreme Leader, President

Iran rejigs leadership after rare meet between Supreme Leader, President

Rediff.com20 hours ago

Supreme Leader Mojtaba Khamenei has reshuffled Iran's political and national-security establishment, appointing former SNSC Secretary Mohammad Bagher Zolghadr as his political adviser and veteran IRGC commander Mohsen Rezaei as his representative on the Supreme National Security Council, consolidating power amid the West Asia crisis and Strait of Hormuz tensions.

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.

Can A Couple With Different Political Views Have A Healthy Relationship?

Can A Couple With Different Political Views Have A Healthy Relationship?

Rediff.com1 days ago

With political divisions dominating conversations, can couples with opposing views stay together?

ADB trims India's FY27 growth projection to 6.6% amid West Asia crisis

ADB trims India's FY27 growth projection to 6.6% amid West Asia crisis

Rediff.com9 Jul 2026

The Asian Development Bank (ADB) has revised down India's GDP growth forecast for fiscal year 2026-27 (FY27) to 6.6 per cent from an earlier 6.9 per cent, primarily attributing the change to elevated energy prices stemming from the Middle East conflict. Despite this moderation, India is still expected to remain the world's fastest-growing major economy.

Trump's New Tariffs Face Legal Heat

Trump's New Tariffs Face Legal Heat

Rediff.com31 Jul 2026

'Tariff action relating to the excess-capacity investigation will be even more susceptible to judicial overturn.'

India climbs to 11th among top FDI destinations in 2025, UN report reveals

India climbs to 11th among top FDI destinations in 2025, UN report reveals

Rediff.com8 Jul 2026

India has significantly improved its position as a global foreign direct investment (FDI) destination, climbing two places to 11th in 2025, with inflows surging by nearly 44 per cent to $38.89 billion, according to the United Nations Conference on Trade and Development (Unctad) World Investment Report 2026.

'Manmohan Singh's 1991 Budget Speech Was Freedom Day For Us'

'Manmohan Singh's 1991 Budget Speech Was Freedom Day For Us'

Rediff.com4 days ago

'1991 was an exceptional period in Indian history.' 'A big 400-volt shock was administered to the system, which was required. Today, we are in a much, much better position.'

World Bank ups India's FY27 growth to 6.6% amid global slowdown

World Bank ups India's FY27 growth to 6.6% amid global slowdown

Rediff.com12 Jun 2026

The World Bank has increased India's economic growth projection for FY27 to 6.6 per cent, citing resilient domestic demand, while simultaneously cutting its global economic growth outlook due to the conflict in West Asia.

Maharashtra Government Signs MoU For Kolhapur Cricket Stadium

Maharashtra Government Signs MoU For Kolhapur Cricket Stadium

Rediff.com21 Jul 2026

The Maharashtra government has signed an MoU with the Kolhapur District Cricket Association to build an international-standard cricket stadium and multi-sports hub in Kolhapur, featuring a 35,000-capacity stadium and facilities for various sports.

'Why Have The Number Of Jobs Created Fallen?'

'Why Have The Number Of Jobs Created Fallen?'

Rediff.com27 Jul 2026

'We have to pull 80 million workers out of agriculture and go back to where we were in 2014. That itself is going to be a huge task.' 'We have already lost time, and that is a catastrophe impending.''

Ravi Bishnoi Determined to End Stop-Start India Career, Targets 2028 T20 World Cup Spot

Ravi Bishnoi Determined to End Stop-Start India Career, Targets 2028 T20 World Cup Spot

Rediff.com20 Jun 2026

Ravi Bishnoi opens up on missing three T20 World Cups, his desire to become a permanent fixture in India's T20 side, and his goal of securing a place in the 2028 World Cup squad.

If India Becomes A Doormat, The US Will Tread On It

If India Becomes A Doormat, The US Will Tread On It

Rediff.com23 Jul 2026

The harsh truth is that the US is no longer a reliable partner, cautions Ramesh Menon.

Olympic Gold Medallist Abhinav Bindra Calls For Education Reform Amid NEET Row

Olympic Gold Medallist Abhinav Bindra Calls For Education Reform Amid NEET Row

Rediff.com23 Jul 2026

Olympic gold medallist Abhinav Bindra and Grandmaster Nihal Sarin have voiced concerns over the ongoing NEET exam irregularities and student suicides. Bindra called for a transparent and merit-based education system, while Sarin highlighted the immense pressure students face. The protests, supported by activist Sonam Wangchuk, have seen students attempting to march to Parliament.

IMF Lowers India's FY27 Growth Outlook to 6.4% on Higher Energy Costs

IMF Lowers India's FY27 Growth Outlook to 6.4% on Higher Energy Costs

Rediff.com9 Jul 2026

The International Monetary Fund (IMF) has reduced India's growth forecast for FY27 to 6.4 per cent, citing the potential impact of higher energy prices offsetting the country's economic resilience. Despite this, India remains among the fastest-growing major economies.

Jasprit Bumrah trains with red ball after long break

Jasprit Bumrah trains with red ball after long break

Rediff.com5 Jul 2026

Jasprit Bumrah has started practicing with the red ball as he gears up for the two-Test series in Sri Lanka next month.

How Kerala Aims To Become A National AI And Emerging Technologies Hub

How Kerala Aims To Become A National AI And Emerging Technologies Hub

Rediff.com23 Jul 2026

Kerala Chief Minister V D Satheesan announced the state's vision to become a national hub for artificial intelligence and emerging technologies, coinciding with the launch of Naviq Technology by IBS Software Group. The state government is implementing initiatives like an AI-powered dashboard, a Global Job Watch Tower, and curriculum revisions to align with technological advancements and foster skill development in AI and semiconductor sectors.