India has announced an extension of restrictions on sugar exports in a bid to alleviate local price concerns. Learn more about the government's move to manage the sugar market and safeguard consumer interests.

The Union Government has taken a significant step to benefit central government employees and pensioners by raising the Dearness Allowance (DA) and Dearness Relief (DR) by 4%, effective from July 1, 2023. Learn how this decision aligns with the 7th Central Pay Commission recommendations and aims to offset rising prices and inflation.

A recent survey by the Federation of Indian Chambers of Commerce and Industry (FICCI) reveals promising growth projections for India's economy, forecasting a 6.3% expansion in the fiscal year 2024. This survey sheds light on key factors contributing to the nation's economic recovery.

India's Wholesale Price Index (WPI) has entered its sixth consecutive month in the negative territory, registering -0.26 percent in September. This deflationary trend, contrary to expectations, has economists and policymakers concerned. While some food prices have plummeted, others have surged, posing challenges for both consumers and authorities.

The latest India Development Update (IDU) from the World Bank reveals India's remarkable resilience in the face of global challenges. Despite a challenging global environment, India's economy surged, growing at a robust 7.2% in FY22/23, positioning it as one of the fastest-growing major economies.

In September, India witnessed a noteworthy decline in retail inflation, representing a significant departure from the peak levels observed 15 months prior. This decrease, primarily attributed to softer vegetable prices, brought the Consumer Price Index (CPI) to a three-month low. While this is a welcome development, inflation remains above the central bank's 4% target, posing potential challenges for rate adjustments. Despite the overall decrease, certain components, including cereals, pulses, and spices, continued to experience price increases, creating a complex economic landscape.

The Ministry of Statistics and Programme Implementation has reported a remarkable surge in India's industrial output for August 2023, with the Index of Industrial Production (IIP) revealing a staggering growth of 10.3 percent, surpassing consensus estimates and marking the highest growth in 14 months. The robust performance was not limited to a single sector, as mining, manufacturing, and electricity all contributed to this upturn. While this growth is commendable, experts anticipate a gradual slowdown in the coming months, despite the industrial sector's crucial role in India's economic growth.

The International Monetary Fund (IMF) has chosen to uphold Pakistan's economic growth projection at 2.5%, aligning with official forecasts but falling short of the government's target by 1%. This decision comes as part of a larger assessment of Pakistan's economic situation and inflation rates. The IMF's projection diverges significantly from Pakistan's reported GDP growth for the previous year, and it raises concerns about the nation's ability to combat unemployment and poverty given its population growth rate. Furthermore, the report highlights the challenges Pakistan faces as it strives to stabilize its economy, including a decreasing current account deficit and remittance issues. The IMF's outlook for Pakistan's economic growth extends to 2028, though it remains subject to change based on the country's rapidly evolving economic landscape.