GLOBAL ECONOMIC GROWTH
'Silver lining for India if it strikes special deal with US': Fareed Zakaria
Fareed Zakaria suggests that a special trade deal between India and the US could benefit India by reducing tariffs, leading to increased efficiency, productivity, and growth. He emphasizes the importance of India integrating into the global economy through broader deregulation and investing in futuristic technologies with western partners.
5 world market themes for the week ahead
This week, the European financial markets are expected to be influenced by rapid developments in Ukraine, while key U.S. inflation data will be closely monitored. Additionally, global trade tensions increase as China remains steadfast, and significant economic policies are anticipated from Germany in response to Russia's actions.
Tariffs harm economic growth, trade and consumers — Trump’s policy may backfire on America
Donald Trump's newly imposed tariffs on Chinese, Canadian, and Mexican imports have led to retaliatory measures, escalating trade tensions. The tariffs are expected to result in higher consumer prices, disrupt global supply chains, and decrease US economic growth while potentially causing significant job losses.
Devendra Fadnavis pledges balance between welfare schemes & capital investment in Maharashtra
Maharashtra Chief Minister Devendra Fadnavis emphasized at the Moneycontrol Global Wealth Summit 2025 in Mumbai that his government plans to balance social welfare with capital investment needs. He highlighted the Laadli Bahin Yojana, encouraging beneficiaries to adopt sustainable business models as demonstrated by a women’s finance society in Nagpur.
Trump tariff could become a catalyst to tackle high import tariffs & low FDI hitting India's exports: HSBC
India's export growth has been affected by high import tariffs and low FDI in mid-tech sectors over the past decade. With potential US trade tariffs under Trump's administration, reforms could provide a catalyst for change, emphasizing the need for significant policy adjustments to leverage new global supply chain opportunities.
Tariff flip-flops creating volatility; markets may start to tune out US statements & focus on fundamentals: Ed Yardeni
Ed Yardeni of Yardeni Research highlights the instability in Washington's policies, leading to market volatility. Despite this, Germany and other European nations are prompted to boost their defence and economic stimulus. China's additional consumer stimulus might result in better global economic growth. The US economy remains resilient, but uncertainty from the trade war persists.
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ET Exclusive: Leadership key to India growth story, says top Wall Street bargain hunter Howard S Marks
Howard S Marks from Oaktree Capital Management discusses his views on the unpredictable economic environment, Trump's policies, and the potential of the US Big Tech. He highlights his concerns about politics, demographics, and immigration policies, while expressing optimism about India's growth, emphasizing the importance of leadership and equitable development.
India's policies are ensuring resilience in its economy: Anna Bjerde, MD, World Bank
India could become a developed nation by 2047 if it maintains high economic growth. Key drivers include increasing the investment-to-GDP ratio, boosting female labour force participation, and enhancing productivity through technology and innovation. A diverse trading ecosystem and strong economic fundamentals are crucial.
India is driving global growth today, is new hope to the world, says PM Modi
PM Modi, while addressing the Republic TV Plenary Summit 2025, highlighted India's rapid economic growth. He emphasized that the country is now the world's fifth-largest economy and on track to become the third largest, showcasing India's significant transformation and increasing global economic influence.
The billionaires' club gets bigger on economic boost
India's economic growth and entrepreneurial spirit have led to a significant increase in the number of billionaires, positioning the country as a major global wealth creator. With 191 billionaires, India ranks third worldwide, contributing to the expansion of luxury property markets in cities like Mumbai, Delhi, and Bengaluru.
India’s rising wealth expands billionaire, HNI count, drives luxury realty
India's economic growth has propelled the rise in billionaires and high-net-worth individuals, reaching 191 billionaires. This surge in wealth has boosted the luxury property markets in Mumbai, Delhi, and Bengaluru, which excelled in global rankings for price growth. Key factors include entrepreneurial dynamism and global integration.
Trump's April Fooling around with trade
Donald Trump’s emphasis on tariffs aims to protect not only American jobs but the country’s essence. The impacts will be significant for Canada, Mexico, and China due to economic ties. Global fiscal imbalances and potential equity sell-offs may follow, altering foreign investment flows and central bank strategies.
India's millionaire population rise 6 pc in 2024; number of billionaire reaches 191: Knight Frank
The population of Indian high-net-worth individuals increased by 6% to 85,698 in the past year. The wealth landscape in India continues to expand, reflecting strong economic growth and rising investment opportunities, with expectations of further increases in the HNWI population and billionaire ranks by 2028.
A 'superstitious' Trump didn't want you to think he was joking about tariffs on US allies, including India
President Trump will implement reciprocal tariffs on April 2 against Canada, Mexico, China, the EU, and India, targeting unfair trade practices. This move aims to equalize the tariffs on American goods while addressing non-monetary barriers. While Trump assures minimal disruption, there is potential for retaliatory actions from these countries.
Trade no longer driving growth as in past, IMF’s Georgieva says
The global economic growth is no longer primarily driven by trade, with nations facing high debt and weaker growth prospects. The US is rapidly revising its policies on trade and other areas, prompting other countries, especially in Asia, to adjust their approaches and enhance regional integration.
Jim Walker saw the 2008 stock market crash coming. Here’s what he predicts now
Economist Jim Walker dismisses the likelihood of a 2008-like financial crisis, attributing current market resilience to fewer systemic excesses. While predicting an economic slowdown, he remains optimistic about India’s growth, advocating increased investment due to improved policy stability and business-friendly reforms.
Asian shares fluctuate on hints of tariff relief
Equities opened lower in Sydney and mixed in Tokyo after mayhem on Tuesday that saw a global index approach levels from the start of this year. Contracts for the S&P 500 rose 0.8% — after the index dropped 1.2% on Tuesday — echoing gains in late trading after Lutnick hinted at a compromise with Canada and Mexico.
Uncertain global stage amid Trump tariffs perfect for Indian MSMEs to shine, says Modi
Prime Minister Narendra Modi highlighted the government's commitment to bolstering the MSME sector during a post-budget webinar. He emphasized reforms, financial discipline, transparency, and inclusive growth to sustain economic momentum. Modi urged manufacturers to utilize international partnerships and stressed the importance of self-reliance and reforms in overcoming economic challenges, accelerating India's growth and positioning it as a competitive global player.
Industry should take big steps in manufacturing, take advantage of opportunities available: PM Modi
Prime Minister Narendra Modi urged the industry to actively engage in the global supply chain and leverage India's stable policies and business environment. Highlighting India's role as a global economy growth engine, Modi encouraged the manufacturing sector to produce high-quality, innovative products to boost exports and meet the world's growing needs.
Growing up, with uncertainties
New GDP estimates show Q3 growth has improved to 6.2% and the FY25 growth estimate has been revised to 6.5%. Previous fiscal growth estimates were also revised upward. However, global economic uncertainties and possible trade wars under Trump introduce unpredictability, making it crucial for economic policies to sustain growth without triggering inflation.
Oil prices slide on Ukraine aid pause, tariffs and OPEC+ output increase
Oil prices fell further due to the U.S. pausing military aid to Ukraine and pending tariffs on Canada, Mexico, and China. The market sees potential sanctions relief for Russia potentially easing supply constraints. Meanwhile, the OPEC+ plan to increase oil production adds to downward pressure on prices.
Asian stocks decline after tariffs spark US rout
The S&P 500 fell 1.8%. The Nasdaq 100 slid 2.2%. The Dow Jones Industrial Average dropped 1.5%. A gauge of the Magnificent Seven megacaps sank 3.1%. A UBS basket of of US stocks negatively impacted by tariffs sank 2.9%.
Oil recovers as upbeat Chinese manufacturing data increases some optimism
Oil prices increased, supported by positive manufacturing data from China and the hope of improved fuel demand. Brent crude and U.S. West Texas Intermediate crude saw gains. However, potential U.S. tariffs on Chinese exports added uncertainty. Rising concerns over attacks on Russian refineries and international oil firms' hesitation in Iraq's Kurdistan region also impacted market sentiment.
India GDP data to soothe nerves? The economy’s recovery is likely clouded by trade risks ahead
India’s economy likely rebounded last quarter with a growth rate of 6.2%, although this falls short of the central bank’s 6.8% projection. Growth prospects remain uncertain amid potential global trade disruptions. The government has revised its GDP forecast for the fiscal year to 6.4%, the weakest since the pandemic.
Oil heads for first monthly drop since November as economic uncertainty weighs
Oil prices dropped on Friday amid concerns over global economic growth and fuel demand due to U.S. tariff threats and signs of economic slowdown. Brent and WTI crude were both down about 0.4%. Factors such as U.S. tariffs, potential increases in OPEC+ supply, and hopes of peace in Ukraine contributed to the decline.
India's economic growth outlook remains stable despite global uncertainties: Report
India's GDP growth for 2024-25 is expected to remain within 6-7% despite global uncertainties. Major institutions like FICCI, IMF, and OECD have retained or slightly revised their forecasts. Urban employment declined while rural employment saw a slight increase. GST collections surged, and the services trade surplus hit a record high, indicating strong economic resilience.
World Bank bullish on Indian economy, reaffirms faith in country's potential
The World Bank has expressed strong confidence in India's economic growth, despite a slight slowdown. The lender encouraged global investors to invest in India, emphasizing on its robust growth projection of 7.2% for the upcoming fiscal year as projected by RBI for December 2024.
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