Tag: India
India: Is the fastest-growing big economy losing steam?
Is the world’s fastest-growing big economy losing steam? The latest GDP numbers paint a sobering picture. Between July and September, India’s economy slumped to a seven-quarter low of 5.4%, well below the Reserve Bank of India (RBI) forecast of 7%. While it is still robust compared with developed nations, the figure signals a slowdown. Economists attribute this to several factors. Consumer demand has weakened, private investment has been sluggish for years and government spending – an essential driver in recent years – has been pulled back. India’s goods exports have long struggled, with their global share standing at a mere [Read More…]
UK-India trade talks to re-launch in the new year
Free trade talks between India and the UK will be relaunched in the new year, Downing Street has announced. The news comes after Sir Keir Starmer met Indian prime minister Narendra Modi at the G20 summit in Brazil. A post-Brexit deal could unlock valuable markets for British cars, Scottish whisky, and financial services worth billions of pounds, with India on course to become the third largest economy in the world by 2050. However, the UK has been locked in more than a dozen rounds of negotiations since 2022, with key sticking points around relaxing visa rules and lowering fees for Indian students and [Read More…]
