economy – Timeline Daily

9Mar

Business

Is India Shining Mostly For Its Rich?

India’s billionaires are shining but India is not shining as much, says an analysis by Bloomberg. The spending by the rich in India has been in the highlight, bringing up the question of, ‘Is India Growing Mostly For Its Rich?’ Even though the picture projected of Indian economy is bullish in nature...

Tata Group’s Market Value Surpasses Pakistan’s Economy: Report

19Feb

Business

Tata Group’s Market Value Surpasses Pakistan’s Economy: Report

The Tata Group has hit a remarkable milestone as the combined market value of its listed companies soared past Pakistan’s gross domestic product (GDP). Known for its diverse portfolio of spanning from salt to software, the conglomerate witnessed stellar returns in the stock market over the past year...

UK Economy Slipped Into Recession In Second Half Of 2023

15Feb

Business, World

UK Economy Slipped Into Recession In Second Half Of 2023

United Kingdom has fell into recession at the end of 2023, as cost-of-living has started to weigh heavily on productivity and consumer spending of the country. Britain’s Office for National Statistics said that the country’s gross domestic product (GDP) has gone down by 0.3 percentage during the fin...

World’s Biggest Economy: Germany Overtakes Japan In Third Position

15Feb

Business

World’s Biggest Economy: Germany Overtakes Japan In Third Position

Germany overtakes Japan last year as the world's third-biggest economy. As per the reports, India is likely to overtake both later this decade. According to the figures released last month, Japan's nominal 2023 gross domestic product in dollar terms was $4.2 trillion, whereas Germany's was $4.5 t...

Budget Session Extended By A Day Amid Buzz Over “White Paper” On UPA-Era Economy

7Feb

India

Budget Session Extended By A Day Amid Buzz Over “White Paper” On UPA-Era Economy

The Budget session of Parliament has been extended by a day till February 10, as announced by Lok Sabha Speaker Om Birla today. This extension comes amid buzz regarding the Centre's intention to present a ‘white paper’ on the economy during the previous Congress-led United Progressive Alliance (UPA)...

India’s Economic Soar: Record Credit Card Spends Signal Resilience Amid Global Challenges

25Dec

Business

India’s Economic Soar: Record Credit Card Spends Signal Resilience Amid Global Challenges

In October 2023, credit card spends in India surged to an unprecedented high of Rs 1.8 trillion, marking a substantial 38.3% year-on-year growth, driven notably by robust festival season expenditures. The month-on-month increase of 25.4% was the highest in two years. Concurrently, the spend per card...

“An Indian’s Reflection On Visiting China For The First Time”: When A Reddit Post Grabbed Everyone’s Attention

11Dec

World

“An Indian’s Reflection On Visiting China For The First Time”: When A Reddit Post Grabbed Everyone’s Attention

A Reddit user recently shared a post revealing his experience after visiting China for the first time. The Reddit post with the title "An Indian's reflection on Visiting China for the first time" has gone viral already. In the viral post, which was shared one day ago, the Reddit user @u/Charaik s...

26Nov

India

“Don’t Go Abroad To Conduct Wedding, Buy Indian Products”: PM Modi

While addressing the 107the episode of ‘Mann Ki Baat’ on Sunday, the Indian Prime Minister Narendra Modi urged people to host their wedding events in India itself, rather going to foreign countries. He also pressed the citizens of India to buy local Indian products in festivals and also in other occ...

Going To Face An “Abrupt Decrease”: World Bank’s Economy Forecast On Saudi Arabia

5Oct

West Asia

Going To Face An “Abrupt Decrease”: World Bank’s Economy Forecast On Saudi Arabia

Production cuts and lower prices are going to make Saudi Arabia's economy go south. As per the World Bank, the economy of the country is going to shrink for about a 0.93 percentage in 2023. The country's overall growth in the Middle East and North African region is expected to go low as well. Sa...

“India Is Our Friend”: Saudi’s Mohammed Bin Salman On State Visit

12Sep

West Asia

“India Is Our Friend”: Saudi’s Mohammed Bin Salman On State Visit

Following the G20 leaders' summit in New Delhi, Saudi Prime Minister and Crown Prince Muhammed Bin Salman's state visit to India pronounces strategic dynamics and economies of both countries. On Monday, Prime Minister Narendra Modi and Mr. Salman signed on agreements regarding energy, petrochemic...