The United States dollar is still powerful, but a recent report presented at the New Economy Forum indicates that many countries are beginning to ask, “Should we depend on the dollar?” Nations in the Global South are gradually reducing their reliance on the US dollar and are looking for backup plans. The US still retains … Read more
As India moves toward a three-slab system with new GST rates introduced in GST 2.0, which include 5%, 18%, and 40% taxes, the Goods and Services Tax (GST) has a significant impact on the Indian economy. What is GST? The Goods and Services Tax (GST) is India’s largest indirect tax reform, introduced on 1st July … Read more
Relief for the Indian export industry, the United States has reduced tariffs on 200 Indian agricultural and processed food products, covering selected farm-related items. The US has cut tariffs on select Indian spices like black pepper, cardamom, and various types of Indian tea, while major exports like rice and seafood are not on the list. … Read more
India is in second place for importing Russian crude oil, after China. Oil has the potential to boost GDP and improve national development but a quick change in global oil prices can tumble the economy. Countries like the US and Russia are among the largest oil producers in the world. Fluctuations in oil price can … Read more
A recent survey of 300 global cities reveals the richest city in the world by GDP in 2025. The report is published by CEOWORLD Magazine. Tokyo ranks first in GDP in 2025 Tokyo has secured the top position as the world’s richest city in 2025. Its massive $2.55 trillion GDP ranked it at first place, … Read more
Tariff Cuts on food items in the US on November 15, 2025. The US government under Trump lowers prices for coffee, beef, fruits and other items for shoppers. Americans could soon pay less and save money on grocery bills. Everyday food items including beef, coffee, tropical fruits, tea, fruit juices, cocoa, spices, bananas, oranges, and … Read more
The US economy is showing mixed signals, but rising debt, high prices, shrinking savings, and widening income gaps suggest possible recession risks in America. America’s K-shaped economy is splitting into two very different paths. Households with higher income are still spending comfortably because of their savings, strong asset positions and low debt exposure. In contrast, … Read more
The US stock market fell sharply. The S&P 500 dropped 1.66% to 6,737.49, the Nasdaq fell 2.29% to 22,870.36, S&P 500 and the Dow Jones lost 1.65% to 47,457.22. US Stock markets lose $1.5 Trillion in 48 hours. This downfall in the US stock market recorded their largest single-day losses in over a month. Reasons … Read more
India’s CPI inflation hits a multi-year low, sparking speculation in market on whether the RBI will cut the repo rate. Current Inflation Trends in India India’s retail inflation fell to a historic low of 0.25% in October 2025. For this sharp decline in the consumer price index (CPI), there’s room for a potential repo rate … Read more
A steady rise in the overall prices of goods and services you consume in an economy is called inflation. What is inflation? When price increases, the money in your pocket is not enough to purchase the same item as before. That means, you need to pay extra to buy the same things. For example, last … Read more