By Kevin Gallagher NEW Y0RK: “Even though you make many prayers, I will not listen: your hands are full of blood.” As thousands of believers filled St Peter’s Square in the Vatican for the rites of Palm Sunday this year, Pope Leo XIV chose to include in his homily...
MUMBAI: Global brokerage Bernstein has flagged a series of structural risks to India’s growth trajectory, cautioning that it could “under-deliver on its potential” unless key policy bottlenecks are addressed. The India strategy note, styled as an ‘open letter to the Prime Minister’, marks a reprise of a similar exercise...
NEW DELHI: India’s foreign direct investment (FDI) outlook remains mixed, with strong gross inflows offset by persistently weak net inflows, according to a report by Morgan Stanley. The report noted that gross FDI is likely to remain well supported, driven by both greenfield and brownfield investments. However, net FDI...
NEW DELHI: India’s private sector activity recovered in April on the back of growing output and sales primarily in manufacturing, after receding to a three-year low in March due to the West Asia conflict, a private survey said on Thursday. HSBC’s flash India Composite Purchasing Managers’ Output Index (PMI),...
MUMBAI: Just before the West Asia conflict started, the Reserve Bank of India (RBI) net bought $7.4 billion from the spot foreign exchange market in February, its highest buy since March 2025, according to the central bank’s monthly bulletin. It heavily intervened in the foreign exchange market by selling...
NEW DELHI: India’s billionaire population is forecast to rise by 51 per cent from 207 in early 2026 to 313 by 2031, according to Knight Frank. The growth rate is estimated to outperform China (20 per cent) and the US (12 per cent). India’s current share of global billionaires,...
By Dr. Gyan Pathak As the first phase of election in West Bengal in underway on April 23, the electoral battle for the second phase of election to be held on April 29 has now become a rare spectacle in which Bengal Tigress Mamata Banerjee is seen fighting back...
By R. Suryamurthy If elections are the theatre of democracy, legislatures are meant to be its workshop—the place where power is questioned, policy is tested, and governments are forced to explain themselves. Yet, as several states head into high-stakes assembly elections in 2026, that workshop looks increasingly deserted. The...
By Nilotpal Basu The assembly elections in the five states of Assam, Kerala, Tamil Nadu, West Bengal and Puducherry are extremely important. But the context and the objective which the BJP is trying to pursue is unique in many ways. For the neo-fascist characteristics it has come to assume,...
By Mahesh Kumar Rathi The question of women’s reservation is not merely a legislative issue before Indian democracy; it is also a decisive question that shapes the direction of power, ideology, and social justice. However, the manner in which the Bharatiya Janata Party has presented this issue transforms it...
NEW DELHI: India faces rising risks of food inflation despite a USD 18.6 billion fertilizer subsidy for FY2026-27, as global supply disruptions triggered by the ongoing US-Iran conflict threaten input availability ahead of the critical Kharif sowing season, FAO’s (Food and Agriculture Organization) Chief Economist Maximo Torero told ANI...
NEW DELHI: India’s fiscal deficit is likely to breach the government’s target of 4.3 per cent and reach 4.5 per cent of GDP in 2026-27 (FY27), as higher subsidy spending and policy support measures strain public finances, according to a report by BMI, which is a unit of Fitch...
NEW DELHI: India will manage high energy prices without compromising economic growth owing to the country’s increased resilience to high energy costs, industry body Assocham said, citing an analysis which states that India absorbed severe oil shocks while growth remained strong in the past. “Data analysed by the industry...
MUMBAI: The Reserve Bank of India (RBI) has proposed stricter capital requirements for non-bank prepaid payment instrument (PPI) issuers and tightened norms governing low-KYC “small” wallets, as part of a comprehensive overhaul of its wallet framework. In the new draft master direction on PPIs released on Wednesday, the central...
NEW DELHI: India’s unemployment rate is projected to rise marginally to 7.0 per cent in 2026 from 6.9 per cent in 2025, which is the highest among its peers in the Asia-Pacific (APAC) region, according to Moody’s Analytics’ latest Asia-Pacific outlook report. India is followed by China and New...
By K Raveendran Oil’s refusal to break decisively towards $100 a barrel, despite a tense geopolitical backdrop and repeated threats tied to the Strait of Hormuz, says something important about how markets are reading the balance between rhetoric and reality. At one level, the price action looks counterintuitive. A...
By Asad Mirza Pakistan’s emergence as a diplomatic intermediary between the United States and Iran has introduced an unexpected variable into South Asia’s strategic equation. For a country more often associated in global discourse with internal instability and regional tensions, Islamabad’s role — whether seen as substantive mediation or...
By Arun Srivastava While a popular movement against the mass deletion of voter names with the slogan “Apnar vote, jader naam kata gache tader janya” ( your vote for those whose names have been deleted) launched at the call of Mamata Banerjee to “take revenge” through the ballot, has...