BRICS nations surpass G7 in global output: US economist

IANS | August 29, 2025 1:24 PM

New Delhi, Aug 29 (IANS) Leading US economist Richard Wolff has warned that a significant global economic shift is underway, noting that BRICS nations have surpassed the G7 in global output, with BRICS at 35 per cent and G7 at 28 per cent of the world GDP.

US tariffs: This is how Indian textile and apparel industry can offset losses

IANS | August 29, 2025 12:05 PM

New Delhi, Aug 29 (IANS) As India’s Indian textile and apparel industry braces for US tariff impact in the coming months, mitigating factors include India’s strong presence in the cotton-based textile value chain, especially in the home textile segment, being the second largest supplier to the US, currency depreciation and expected increase in exports to the EU, the UK, and the Middle East under Free Trade Agreements (FTAs), a report showed on Friday.

RBI to be agile and proactive in liquidity management amid global uncertainties: Governor

IANS | August 29, 2025 10:04 AM

New Delhi, Aug 29 (IANS) As the Indian economy strives to attain its rightful place in the global economy, stronger policy frameworks across domains, and not just limited to monetary policy, will be pivotal in its journey, RBI Governor Sanjay Malhotra has said, adding that on our part, we will continue to be agile and proactive in providing a facilitative monetary policy based on incoming data and the evolution of the growth-inflation dynamics.