Economy

Prime Minister Narendra Modi’s Viksit Bharat vision aims to turn India into a developed nation, but structural growth gaps pose significant challenges.

The US has secured a historic agreement to control 65 billion barrels of Venezuelan oil, with interim leaders hoping to revive the economy.

Canada has introduced steep retaliatory tariffs of up to 50% on American goods, escalating an ongoing trade dispute across North America.

British insurer Prudential announces a US$300m share buy-back as first-half new business profit growth moderates amid regional market concerns.

Dubai parents rushing to finish school shopping are advised to compare retailer discounts and deals to save money before the new term begins.

Pakistan’s headline inflation is projected to accelerate sharply in August 2026, driven by higher food and fuel prices.

India’s gross GST revenue rose sharply in July 2026, with both domestic collections and import-linked taxes climbing.

Forecasters have raised their 2026 global growth projection to 2.4%, citing stronger-than-expected momentum in Western Europe and stable core inflation.

Brazil’s central bank lowered its benchmark Selic rate by 25 basis points, its first cut after a long stretch of holding rates steady.

Japan spent a record ¥15.39 trillion defending the yen in July and August, the largest monthly intervention on record, as the currency kept sliding past key levels.