With the escalation of Iran-Israel conflict, rice exporters in Haryana — which accounts for 30 per cent of the country’s basmati rice shipments to Iran — are struggling with major disruptions in ship movements and payment delays. While Karnal is the main hub of basmati exports, Kaithal and Sonipat too contribute to the foreign demand. […]
India’s economy ay grow by 6.3–6.5% in 2025-26, despite these global pressures. (AI image) As the world’s fastest growing major economy, India has a lot of things going right for it – demand is picking up, inflation is down to a 6-year low, and the RBI has reduced repo rate by 1%, which means lower […]
The Organisation for Economic Co-operation and Development (OECD) lowered its global economic growth forecast on Tuesday, citing the impact of a widening trade war driven by US President Donald Trump’s tariff policies. The Paris-based organization warned that these measures, particularly new tariffs, are set to significantly slow the world economy, with the United States expected […]
US investors may reportedly be forced to divest approximately $800 billion of Chinese equities “in an extreme scenario” if financial separation occurs between the world’s largest economies, according to Goldman Sachs Group Inc.Presently, US institutions hold roughly 7% of Chinese companies’ American Depositary Receipts (ADRs) market capitalisation, with limited Hong Kong trading capabilities. Goldman analysts, […]
GDP written on keyboard | Photo Credit: iStockphoto Fitch Ratings on Thursday cut India’s GDP growth estimate by 10 basis points to 6.4 per cent for the current fiscal, but retained the projections for the next financial year, on concerns over a ‘severe’ escalation in global trade war. “It is hard to predict US trade […]
AI generated image means for representation purpose only Goldman Sachs has raised its forecast for the likelihood of a US recession to 45%, up from 35%, marking the second time in a week the investment bank has increased its odds amid growing concerns over the trade war. This adjustment follows heightened fears that tariffs proposed […]
Iran’s rial reached an unprecedented low against the US dollar on April 5, 2025, trading at over 1 million rials for a single greenback. The dramatic depreciation of the currency follows the country’s return to work after the Persian New Year, Nowruz, when the exchange rate surged due to limited trading. As currency exchanges resumed […]
US President Donald Trump on Saturday doubled down on his sweeping tariff policies, claiming that China has been hit “much harder” than the United States in the ongoing trade war between the world’s two largest economies. His remarks came a day after US stock markets tumbled, leading to concerns over a potential global recession.Taking to […]
