Economic Recovery News - Latest Updates & Headlines
India's domestic air passenger traffic up 11.3 pc at 148.8 lakh in March, outlook stable
New Delhi, April 24: The domestic air passenger traffic for March has been estimated at 148.8 lakh, higher by 11.3 per cent on an annual basis and 5.9 per cent higher than 140.4 lakh in February 2025, a report said on Thursday.
Greek PM eyes third term, dismisses early elections talk
Athens, April 24: Greek Prime Minister Kyriakos Mitsotakis has reaffirmed his intention to seek a third term in office, contingent on securing continued public support.
Foreign investors infuse Rs 8,500 crore into Indian equities this week
Mumbai, April 19: Foreign investors have once again turned their attention to Indian equities, pumping in around Rs 8,500 crore during the week, as per the latest National Securities Depository Limited (NSDL) data.
India's forex reserves rise to USD 676 billion, fifth straight week jump
New Delhi, April 12: India's foreign exchange reserves rose USD 10.872 billion to USD 676.26 billion in the week that ended on April 4, extending gains for the fifth straight week, official data released by RBI showed.
Indian financial sector showing signs of improved asset quality, operating profits: Report
New Delhi, April 10: The prolonged phase of earnings downgrades in the Indian financial sector could come to an end by the first half of the financial year 2025-26 (1HFY26), said a report by Goldman Sachs.
'RBI's rate cut move commendable, will boost consumption'
Mumbai, April 9: The Reserve Bank of India’s (RBI) decision to reduce the repo rate by 25 basis points to 6 per cent was timely and appreciated, an expert said on Wednesday.
Korea adds nearly 200,000 jobs in March
Seoul, April 9: The Republic of Korea added nearly 2,00,000 jobs in March, but employment in the construction and manufacturing sectors continued to decline, data showed Wednesday.
India's GDP growth projected at 6.7 pc for FY26, cyclical recovery expected
New Delhi, April 3: India’s economy is set to grow at 6.7 per cent in FY26, driven by a cyclical recovery and steady market performance, a new report said on Thursday.
$6.8 billion extra budget aimed at addressing 'pressing issues': South Korea
Seoul, March 31: The finance ministry here said on Monday that its proposal of a supplementary budget of 10 trillion won ($6.8 billion) aims to tackle the nation's most "pressing issues" rather than serve as an economic stimulus.
India's private sector is in better position to invest, compared with decade ago: Crisil Intelligence
New Delhi, March 18: India's private sector is in a much better position to invest compared to a decade ago, according to a report by Crisil Intelligence.
India's paper industry poised to recover in 2025-26: Report
Mumbai, March 17: The Indian paper industry is poised for a gradual turnaround despite the acute margin pressures that it has been facing due to rising imports and raw material costs in FY24 and the first 9 months of FY25, according to a report by CareEdge Ratings released on Monday.
Decline in inflation paves way for higher GDP growth
New Delhi, March 13: The decline in retail inflation to a level that is below the RBI's targeted level of 4 per cent is expected to pave the way for accelerating GDP growth ahead as it provides the central bank with more headroom to cut interest rates and expand liquidity to spur economic activity and create more jobs.
IMF calls for unified reform programme to boost economic recovery in Lebanon
Beirut, March 12: The International Monetary Fund (IMF) urged Lebanon on Wednesday to adopt a unified financial reform programme to facilitate economic recovery and restore investor confidence.
India's Index of industrial production records growth of 5.0 pc in January
New Delhi, March 12: India's Index of Industrial Production (IIP), a measure of industrial output, recorded a growth of 5.0 per cent compared to the same month last year, as per the quick estimates released by the Ministry of Statistics and Programme Implementation on Wednesday.
Providing all assistance to support faster recovery of Manipur economy: Sitharaman in Lok Sabha
New Delhi, March 11: Finance Minister Nirmala Sitharaman on Tuesday assured the Parliament that the government was providing all assistance to violence-hit Manipur to speed up its economic recovery.
Small traders in Chhattisgarh get benefit from PM SVANidhi Scheme
Gaurela-Pendra-Marwahi (Chhattisgarh), March 10: Small traders in Chhattisgarh's Gaurela-Pendra-Marwahi district are reaping the benefits of the PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) scheme. This initiative has provided much-needed financial support to vendors who struggled during the COVID-19 pandemic and were looking for assistance to rebuild their livelihoods.
Worst seems to be over for Indian markets, GDP growth to rebound: Goldman Sachs
New Delhi, March 10: A Goldman Sachs report has said that the worst seems to be behind for Indian equity markets in terms of economic growth and the earnings trajectory.
India's commercial vehicle sales to speed up in FY2025-26: Report
New Delhi, March 10: The domestic commercial vehicle (CV) industry's wholesale volumes is set to witness a year-on-year growth of 3-5 per cent in FY26, demonstrating some recovery, a report showed on Monday.
India's services sector recorded robust growth in Feb: HSBC
New Delhi, March 5: India's services sector recorded a robust growth in February, with the activity index rising to 59 from 56.5 in the previous month, according to the HSBC PMI survey released on Wednesday.
India's banking sector on recovery path, credit up to 11.4%, deposit up to 10.3% in Jan: Report
New Delhi, March 3: After witnessing a downward trend since April 2024, credit growth in India has shown signs of recovery, rising to 11.4 per cent in January 2025, compared to 11.2 per cent in December 2024, according to a report by Anand Rathi Research.
India's GDP to grow at faster pace in Q4; RBI rate cut and businesses at Mahakumbh could aid recovery: Report
New Delhi, March 3: India's economy is expected to grow at a much better pace in the fourth quarter of FY25, supported by strong government spending, a recovery in the rural economy, and a likely increase in private investment, according to a report by Centrum.
Sri Lanka gets fourth tranche of bailout package from IMF for economic recovery
Colombo, March 1: The executive board of the International Monetary Fund (IMF) has announced that it has completed the Third Review under the 48-month Extended Fund Facility (EFF) with Sri Lanka, providing the island nation with an immediate access to Special Drawing Rights (SDR) of SDR 254 million (about US $334 million) to support its recovery from the 2022 bankruptcy.
World Bank to establish one billion USD fund for Lebanon
Beirut, Feb 28: Lebanese Finance Minister Yassine Jaber revealed on Friday that the World Bank is working on establishing a one-billion-US dollar reconstruction fund for Lebanon as part of the ongoing efforts to support the country's economic recovery.
Worst seems to be behind, Indian economy shows signs of recovery: BNP Paribas report
New Delhi, February 23: The challenging time which persisted due to the contraction of the economic growth seems to be over, as new orders, agriculture exports, rural wages, Index of Industrial Production (IIP), steel production, auto sales and tax collections have picked up after a weak third-quarter calendar year 2024 according to a report by BNP Paribas.
India's private sector growth hits six-month high in February: HSBC Flash PMI data
New Delhi, February 21: India's private sector output surged to a six-month high in February, powered by a sharp expansion in services activity, according to the latest HSBC Flash PMI data.
Auto sector demand hinges on marriage season, infrastructure revival: Report
New Delhi, February 20: The auto sector now eyes the upcoming marriage season and revival in government infrastructure projects, for boost in sales, especially for the two-wheelers and entry-level cars, says a report by InCred Research.
South Korean govt to actively support ailing construction industry, provincial economy: Acting president
Seoul, Feb 19: South Korean acting President Choi Sang-mok said Wednesday that the government will expand local development projects and buy unsold new homes in provincial regions in an effort to support the construction industry struggling with weak domestic demand.
Rate cut uncertainty, escalating tariff wars to delay Indian IT sector recovery: Report
New Delhi, February 16: Uncertainties surrounding rate cuts and the escalation of tariff wars will influence the sentiments in the near term and prolong the information technology (IT) sector recovery, said a report by Mirae Asset Sharekhan.
Income tax relief, repo rate cut to boost recovery in consumption: Sitharaman
New Delhi, February 8: Income tax relief provided for in the Union Budget coupled with RBI repo rate cut put together will boost recovery in consumption in the economy, asserted Finance Minister Nirmala Sitharaman.
Andhra Pradesh CM for novel methods to generate revenue
Amaravati, Feb 4: Andhra Pradesh Chief Minister N. Chandrababu Naidu on Tuesday asked the revenue-generating wings in the state government to adopt novel methods to generate revenue and initiate efficient steps to bail out the state from the present economic crisis
India's Fiscal and Monetary Policies shift towards supporting economic growth: Morgan Stanley
New Delhi, February 4: India's fiscal and monetary policies are now focusing more on supporting economic growth, aligning with expectations of a cyclical recovery, according to a report by Morgan Stanley.
Zimbabwe's economic outlook positive in 2025, says World Bank
Harare, Jan 31: Zimbabwe's economic outlook is positive, with growth expected to increase to six per cent in 2025, up from two per cent last year on the back of an anticipated recovery in agriculture and robust growth in industry and services, the World Bank (WB) said Friday.
World Bank says Lebanon's reconstruction plan nearing completion
Beirut, Jan 29: Ousmane Dione, World Bank Vice President for the Middle East and North Africa region, announced that the bank is finalising a rapid damage assessment to support Lebanon's reconstruction efforts.
Andhra came off ventilator with Centre's support: Chandrababu Naidu
Amaravati, Jan 19: Andhra Pradesh Chief Minister N. Chandrababu Naidu said on Sunday that with the Centre's support, his state came off the ventilator, but it requires more hand-holding to recover fully.
UN to help Lebanon achieve economic recovery: Guterres
Beirut, Jan 17: United Nations (UN) Secretary-General Antonio Guterres said that the UN will exert all efforts to enable Lebanon to achieve economic recovery.
Ex US President Obama expresses gratitude to Biden for his leadership
Washington DC, January 16: Former US President Barack Obama on Thursday expressed his gratitude and admiration for US President Joe Biden's administration.
India's restaurant industry shows signs of recovery; International brands will have edge: Report
New Delhi, January 15: The Indian restaurant industry is witnessing a steady recovery and growth momentum, with December marking a notable acceleration in activity, according to a report by Macquarie Equity Research.
Government's infrastructure investments to propel growth into FY 2026: Report
New Delhi, January 12: The Union government's efforts on infrastructure development and investments in critical sectors such as railways, defence, power, and data centres are expected to drive growth momentum into the financial year (FY) 2026 and beyond, says a report by financial services firm Prabhudas Lilladher (PL).
John Dramani Mahama sworn in as Ghana's President
Accra, Jan 8: Ghanaian President John Dramani Mahama took the oath of office after winning the presidential election in December last year.