Finance Ministry may assume nominal GDP growth at 11% for FY25
NEW DELHI : The Finance Ministry may peg nominal gross domestic product (GDP) growth at around 11 percent for the next financial year, about 50 basis points higher than the estimate for 2023-24, a
BRICS : UAE to ditch US Dollar in new oil deals
ABU DHABI : The BRICS economic alliance has seemingly prioritized its de-dollarization efforts, leading the United Arab Emirates (UAE) to seemingly prioritize local currency over the US dollar in new oil deals. Indeed, the country is
Vinay Kwatra meets Iranian foreign minister in Tehran, discusses Chabahar Port project
TEHRAN : Foreign Secretary Shri Vinay Kwatra on Sunday discussed with Iranian Foreign Minister Hossein Amir-Abdollahian in Tehran about the ways to boost connectivity through strategic Chabahar Port and the current situation in West Asia arising out of
‘China slows, India grows’: S&P pegs 7% GDP growth for India by 2026
NEW DELHI : India’s GDP growth rate will rise to 7 per cent by 2026 compared to 4.6 per cent for China, S&P Global Ratings said on Tuesday. In a report titled ‘China Slows,
Get set for world’s largest textile event Bharat Tex 2024
NEW DELHI : India is set to host Bharat Tex 2024, the world’s largest textile exposition in New Delhi. The event aims to showcase India’s textile industry and its rich heritage, craftsmanship, and innovations.
Made in Gujarat Solar PV Modules exported to America ; More in pipeline
SURAT : Waaree Energies Limited, a renewable energy company, that has India’s largest Solar panel manufacturing capacity of 12GW at its plants in Chikhli, Surat and Umbergaon in Gujarat, announced it has supplied 850
Soaring Turkish exports of Military-linked goods to Russia raise Western Concerns
KYIV : Turkish exports of military-related goods to Russia have surged this year, raising concerns that the NATO member is acting as a conduit for sensitive Western goods. Forty-five categories of civilian goods useful
Biden to convene new supply chain council to strengthen US logistics
WASHINGTON : President Joe Biden on Monday will convene the first meeting of his supply chain resilience council, using the event to announce 30 actions to improve access to medicine and needed economic data