Economy

India has achieved a remarkable economic milestone, doubling its GDP from $2.1 trillion in 2015 to $4.3 trillion in 2025—a staggering 105% growth unmatched by any other major global economy

The recent household expenditure surveys for 2022-23 and 2023-24 released by the government of India reveal India has nearly eradicated extreme poverty.

With a focus on deregulation, infrastructure investment, and job creation, the 2024-25 Economic Survey outlines key strategies to navigate global uncertainties and fuel domestic growth.

While the closure of the Sterlite Copper plant sas resulted in the loss of over 1500 direct jobs and over 40,000 jobs, the impact of the shutdown over alleged pollution is much bigger on the Indian economy

Posts circulating on social media reveal that police across China have been targeting private business owners, freezing assets, and demanding money in return for releasing funds as per a report in the Voice of America.

Pakistan's government imposed a "complete ban" on specific expenditures, including the purchase of new vehicles, machinery, and state-funded medical treatment abroad, a statement by the Finance Division stated.

According to data from Ministry of Statistics and Programme Implementation, vehicle ownership among the poorest households increased from 6% to 40% in the last decade under the Modi government.

Business owners have become more pessimistic about their future in Pakistan because of continued political turmoil and the new tax-heavy budget, said the Gallup report.

He emphasised the pivotal moment the world faces, particularly with global climate change, suggesting that it would be best if India proved to be a benign force that alleviates suffering and fosters peace, rather than imposing its ideals on others.

Employees' Provident Fund Organisation (EPFO) has added 18.92 lakh net members in the month of April 2024. The addition during the month is the highest since the first payroll data was published in April 2018, as per the official statement.