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FORGOTTEN HISTORY: 2 - The Untold Story

From G7 to D10: Why the world's democracies should finally name their coalition

Global summits highlight a multipolar world order and competing national interests. Industrial democracies informally assemble, behaving like a D10 coalition. This grouping commands significant global GDP and economic influence. India's consistent participation makes it indispensable to these discussions. The time has arrived for this informal arrangement to gain formal recognition.

The Economic Times

UK economic growth set to peter out as consumers swap shops for pubs

Most economists are expecting gross domestic product (GDP) to have shown no growth in July.

Evening Standard

Mexico's 2027 Budget: Where the Money Really Goes — and What It Means for Your Wallet

Mexico's 2027 budget targets a 3.9% deficit and more infrastructure spending, but the real 2025 shortfall ran higher than officials reported.

Latin Times

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Anthropic sees AI driving GDP growth, but warns of job losses, wage pressure

Artificial intelligence could significantly accelerate economic growth by 2030, but faster AI adoption may also put pressure on employment and wages of knowledge workers, particularly in scenarios where AI becomes capable of autonomously performing a large share of knowledge-intensive tasks, according to Anthropic's latest economic outlook.

The Economic Times

Too early to say whether Rahul Gandhi will be projected as 2029 PM face: Congress leader Prithviraj Chavan; harps on Opposition unity

Prithviraj Chavan underscored that naming Rahul Gandhi as the opposition's prime ministerial candidate is premature. He highlighted the necessity of unifying regional parties to prevent vote fragmentation. Chavan is optimistic about the DMK rejoining the INDIA bloc and stressed the importance of bolstering the organizational strength of Congress while engaging…

The Economic Times

India economy to regain its mojo, return to current account surplus: NITI Aayog's Lahiri

NITI Aayog Vice Chairman Ashok Kumar Lahiri stated the Indian economy is performing reasonably well. He anticipates the nation will soon achieve a current account surplus. A significant challenge remains the low manufacturing share in India's overall GDP. Lahiri highlighted the positive impact of foreign investment in key sectors like…

The Economic Times

Five charts that lay bare economic disaster caused by Trump’s war in Iran

The conflict in Iran has sent the price of oil and gas soaring while inflation rises in Europe and GDP struggles to remain resilient in the UK

The Independent UK

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Andy Burnham tells PMQs: I won't cut Britain's benefits bill to boost defence spending

Andy Burnham criticised Conservative proposals to reduce housing benefit by £4 billion

Evening Standard

I won’t fund national security at the expense of social security, Burnham says

The prime minister was grilled on his commitment to reach 3 per cent for defenced funding by 2030

The Independent UK

National security ‘can’t come at the expense of social security’ – Andy Burnham

Tory leader Kemi Badenoch highlighted ‘serious threats to national security that cannot wait’.

Evening Standard

Thru the optimism prism: GDP’s 7.8% print offers some hope for those willing to see it

India's economy grew by 7.8% in the first quarter of fiscal year 2027. This growth was fueled by a consumption spurt and government capital expenditure. Nimble energy diplomacy helped India navigate global energy shocks effectively. Exports also held up well due to diversification efforts by businesses. Stock markets show early…

The Economic Times

Growth nearing 1% of GDP and higher revenues: what it means for the 2027 Budget Law

According to economist Pietro Reichlin, speaking to Euronews, the 1% forecast "is realistic, but Italy remains last in the EU". Growth is not enough to widen the room for the 2027 budget, held back by structural flaws like low productivity and an ageing population.

Euronews

Real Estate GDP share may rise from 8-9% to 15-20% by 2047, headwinds to remain: Knight Frank's Zia

Real estate's contribution to India's GDP could rise from the current 8-9 per cent to 15-20 per cent by 2047, with expansion across residential, office, warehousing, logistics, education and healthcare segments, although the sector faces several headwinds, Gulam Zia, International Partner and Senior Executive Director - Research, Advisory, Infrastructure and…

The Economic Times

Confused by the debate over India’s 7.8% GDP growth? Here’s a simple explanation

Bade bade deshon mein aisi choti choti baatein hoti rehti hai – Javed Siddiqui, Dilwale Dulhaniya Le Jayenge (1995)

Newslaundry

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The Economic Times

Global Market: Japan GDP revision signals resilience as markets brace for BOJ policy move

apan’s Q2 GDP grew at an annualised 1.4%, beating the initial 1.1% estimate but missing forecasts. The revision reflected a smaller decline in business investment, while consumption remained unchanged. Stronger real wage growth and resilient corporate spending may reinforce expectations of a Bank of Japan rate hike to 1.25% next…

The Economic Times

SBI Ecowrap calls ‘missing’ GDP figures claim ‘fiction’, defends revisions

An SBI Ecowrap report dismisses claims of missing national account sums as fictional. It states criticisms stem from comparing distinct statistical series incorrectly. Revisions in nominal GDP are a normal statistical practice, the report noted. Sectoral drivers show concentration in trade and transport for downward adjustments. This exercise confirms publicly…

The Economic Times

2xble deflation demystified: GDP numbers may look puzzling, but the new methodology measures the economy differently

India's Q1 FY27 GDP deflator appears low, but national accounts explain this divergence. Double deflation methodology separates output and input price movements accurately. Divergent input and output prices can create negative manufacturing deflators. Net exports and net taxes on products also significantly influenced the headline figure. These refined statistical methods…

Latin Times

Brazil Marks Independence Day at 204 Years Amid Tightest Election in a Generation: Key Numbers to Know

Brazil turns 204 as a new poll shows Flavio Bolsonaro edging past Lula for the first time, with rate cuts and GDP data shaping October's vote.

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The Economic Times

Amid global turmoil, India maintained momentum of its economic growth, says Amit Shah

India maintained economic growth momentum despite global geopolitical turmoil. Strategic partnerships were built in key areas like defense and energy. Nine free trade agreements will be concluded by the year 2026. This engagement contributed to a robust GDP growth rate of 7.8 percent. The nation is pursuing further trade arrangements…

Reason

If Canada is 'Ripping Off' the U.S., Why Is It Falling Behind?

Americans have been widening the prosperity gap with our neighbors for years.

The Economic Times

ETMarkets Smart Talk | Don't dismiss 7.8% GDP growth as a statistical upgrade; the acceleration is real: Garima Kapoor

According to Garima Kapoor, Deputy Head of Research and Economist at Elara Capital, it would be wrong to dismiss the growth number as merely a statistical upgrade.

The Economic Times

"GDP figure being projected is not real": Akhilesh Yadav takes swipe at Centre over economic claims, unemployment

Samajwadi Party chief Akhilesh Yadav questioned the government's economic growth projections. He stated that rampant unemployment and high inflation contradict official GDP figures. Yadav highlighted deteriorating infrastructure and public services as evidence of neglect. Prime Minister Narendra Modi previously spoke about India's strong economic growth and job creation. India's real…

The Economic Times

How will Nifty, Sensex behave on Monday? US Fed rate hike bets, among 4 factors to drive D-Street action

Indian equities may remain volatile as rising crude prices, elevated global bond yields and renewed US rate-hike bets weigh on sentiment. However, strong FPI inflows, resilient GDP growth, better-than-expected earnings and rupee stability offer some support.

The Economic Times

PM Modi recalls 2013 when India was among ‘Fragile Five’ economies amid weak growth

Reflecting on India's economic journey, Prime Minister Narendra Modi brought attention to 2013, a year when the nation faced the bleak 'Fragile Five' label. Weak GDP figures, sky-high inflation, and an unprecedented current account deficit overshadowed the landscape. Widespread corruption, along with security challenges and stagnant policy measures, complicated matters.…

Euronews

Fitch upgrades Portugal to A+, its best credit rating in 15 years

The upgrade reflects years of falling public debt and stronger-than-expected growth in Portugal, Fitch said, restoring a rating not seen since 2011. President Seguro hailed the news, though Fitch cautioned that defence spending and housing costs still pose risks.

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