global economy

Trump’s Tariff Impact Slows Global Growth, Warns World Bank

11 Jun 2025

Trump's tariff has had an immense impact on global growth, and it is now undeniable, according to the World Bank’s latest forecast. The global economy is on track to experience its slowest decade since the 1960s, as rising tariffs and unpredictable trade policies continue to destabilise financial markets and disrupt...

China Imposes Stricter Rare Earth Export Curbs Amid Rising Trade Tensions

18 May 2025

China has clamped down on rare earth element exports, sparking global supply chain disruptions and alarm. The nation imposed a new licensing regime in early April that restricts exports of seven principal rare earth elements and permanent magnets. The materials are crucial to markets such as electric vehicles, wind turbines,...

India’s GDP Doubles to .3 Trillion in 10 Years

India’s GDP Doubles to $4.3 Trillion in 10 Years

26 Mar 2025

India has emerged as the fastest-growing major economy globally, with its Gross Domestic Product (GDP) more than doubling in the last decade. According to the latest data from the International Monetary Fund (IMF), India's GDP stands at $4.3 trillion in 2025, compared to $2.1 trillion in 2015, marking a remarkable...

Trump Walks Back 50% Tariff Threat On Canadian Steel: ‘Cooler Heads Prevailed’

12 Mar 2025

US President Donald Trump has put a hold on his plan to double tariffs on Canadian steel and metal imports, a decision that comes only hours after he threatened to raise these duties to 50 percent. However, the previously announced 25 percent tariffs will still be implemented starting March 12....

How the West Uses Russia’s Frozen Funds for Ukraine

06 Mar 2025

Following Moscow’s 2022 invasion of Ukraine, the Group of Seven (G7) nations froze approximately $300 billion in Russian state assets. Now, European nations are leveraging these funds to provide financial assistance to Ukraine. The G7 has pledged $50 billion in loans, with repayment expected through profits generated from the frozen...

Bangladesh Faces Financial Disaster: Political Chaos May Trigger Banking Meltdown!

27 Feb 2025

Bangladesh's banking sector is facing a severe crisis as non-performing loans (NPLs) surged to Tk 345,764 crore by December 2023, representing 20.20% of all loans—a dramatic increase from Tk 284,000 crore just three months ago. Bangladesh Bank Governor Ahsan H Mansur revealed these alarming figures at a press conference, highlighting...

Trade Wars Benefit No One; India Must Lead Globally: Swiss Official

13 Feb 2025

As global economies face increasing uncertainty, Switzerland’s State Secretary for Foreign Affairs, Alexandre Fasel, has stated that trade wars are never beneficial and urged for open markets and free trade policies. Speaking in an interview, Fasel emphasized that India must play a larger role in global politics and trade. Trade...

India Emerges as Key Player in Global Economy: Singapore President

18 Jan 2025

Bhubaneswar, January 18: Singapore President Tharman Shanmugaratnam has lauded India’s growing significance in the global economy, stating that the country is poised to become a leading player in a multipolar world. During his visit to Odisha on Saturday, Tharman emphasized India's rising influence, driven by its favorable demographics, ongoing development,...

The Tobacco Trap: EU’s Green Rules Threaten India’s Top Export

10 Jan 2025

India's tobacco export industry, a major contributor to the global tobacco market, now faces a significant challenge. Stringent European Union (EU) sustainability standards, set to take effect by 2030, threaten to disrupt the thriving export sector. Despite achieving remarkable growth—rising to become the world's largest tobacco exporter in 2024—the industry...

India Navigates Global Shifts: ‘Partnerships Key to Progress,’ Says Jaishankar at CII Summit

02 Dec 2024

Speaking at the CII Partnership Summit 2024, Dr. S. Jaishankar underscored India's essential position in a swiftly changing global environment, stressing that partnerships are fundamental to advancement. “India and the World” effectively captures the country’s growing global presence, a path marked by economic achievements and strategic partnerships. India, now the...

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