Economists from Lucknow, Chennai laud India's projected GDP growth of 7.8 pc in Q1 FY26

IANS | August 30, 2025 4:50 PM

New Delhi, Aug 30 (IANS) Economists from Lucknow and Chennai have lauded India's projected GDP growth of 7.8 per cent in the first quarter of the financial year 2025-26, citing robust consumer demand as the key driver. Despite global headwinds, including US tariff hikes, analysts believe the Indian economy is showing remarkable resilience.

Robust Q1 GDP makes India fastest-growing major economy in world: Sanjeev Sanyal

IANS | August 30, 2025 4:42 PM

New Delhi, Aug 30 (IANS) The gross domestic product (GDP) growth estimates for the first quarter of current fiscal (FY26) at 7.8 per cent make India the fastest-growing nation among major economies in the world, Sanjeev Sanyal, a Member of Prime Minister Narendra Modi's Economic Advisory Council (EAC), said on Saturday.

Explained: How Peter Navarro’s allegations on India buying Russian oil hold no water

IANS | August 30, 2025 4:37 PM

New Delhi/Washington, Aug 30 (IANS) After Peter Navarro, Senior Counsellor for Trade and Manufacturing at the White House, alleged in an X thread that India has extended a financial lifeline to Russian President Vladimir Putin’s war machine, government sources on Saturday rejected those claims, saying his view emanates from an oversimplistic and incorrect understanding of the global oil supply chain.

India to manufacture every component of mobile phones, including chips: Ashwini Vaishnaw

IANS | August 30, 2025 4:18 PM

New Delhi, Aug 30 (IANS) India is looking at building global-scale capabilities to support the markets with best quality products and the country will manufacture each and every component used in mobile phones, including chips, cover glasses, laptop and server components, thereby positioning the country as a world player in electronics manufacturing, Union Minister Ashwini Vaishnaw said on Saturday.

Pakistan’s army pockets billions of dollars amid persistent poverty, deep economic crisis

IANS | August 30, 2025 1:59 PM

New Delhi, Aug 30 (IANS) While Pakistan’s middle class has been hammered by stagnant wages, rising prices, and declining economic opportunity, the country’s army has quietly transformed itself into the country’s largest business conglomerate, wielding remarkable influence across almost every economic sector in the country, according to a new report.