The International Monetary Fund (IMF) has expressed confidence in India's ability to manage rising rupee volatility through increasing exchange rate flexibility. According to the IMF, India's strong macroeconomic fundamentals and deep foreign exchange markets enable it to absorb such movements. According to the institution, a two-way flexible exchange rate allows the rupee to appreciate or fall in response to market demand and supply. It went on to say that India's balance sheet mismatches are minimal, exchange rate movements have little influence on inflation, and the forex market is deep
President Droupadi Murmu inaugurated the opening plenary of the International Solar Alliance's (ISA) Eighth Session in New Delhi. Addressing delegates from member countries, she highlighted the ISA as a symbol of global unity and a shared resolve to harness solar energy for sustainable growth, equality, and social prosperity. The President stated that climate change is one of the most important issues of the modern era and urged immediate, coordinated action. She reaffirmed India's strong commitment to environmental protection, saying the ISA is critical to promote clean energy adoption ac
Indonesia has announced intentions to sell 13.4 billion tonnes of carbon dioxide equivalent credits to global buyers, establishing one of the world's most ambitious carbon market efforts. The move is likely to attract billions of dollars in international investment while also strengthening the country's climate commitments. With huge tropical forests and renewable energy projects, Indonesia hopes to use natural resources to reduce global emissions while creating green jobs. Officials estimate that the initiative might produce up to $670 billion, depending on world carbon pricing. The credi
The International Monetary Fund (IMF) forecast India's economy to expand by 6.6% in 2025-26, a 20-basis-point rise from its previous forecast. The upward revision reflects robust first-quarter performance in FY26, which helped to offset the impact of increased US tariffs on Indian exports. With this projection, India is expected to outperform China's growth of 4.8%, retaining its status as one of the fastest-growing big economies. Despite persisting global uncertainty and trade realignments, the IMF emphasised India's consistent domestic demand, policy stability, and solid economic fundame
Uttarakhand Chief Minister Pushkar Singh Dhami reviewed the upcoming Land Port project in Banbasa, Champawat district. The Land Ports Authority of India (LPAI) designed a project of around ₹500 crore to improve trade and transportation between India and Nepal. During the site inspection, Dhami encouraged officials to complete construction on time and with departmental collaboration. He stated that the project will combine trade, immigration, and security operations under a single integrated system, resulting in faster processing and seamless cross-border travel. According to officials
Saudi Arabia's non-oil exports increased by 5.5% in August, confirming the country's Vision 2030 economic diversification plans. The General Authority for Statistics announced that the Kingdom's trade surplus increased 53.4% in July to 26 billion riyals ($7 billion), the highest level since May 2024. Non-oil exports, including re-exports, increased by 30.4% year-on-year, supported by exceptional performance in electrical machinery, equipment, and parts, which increased by 191% and accounted for approximately 30% of total non-oil exports. Chemicals came in second with 19.6% of the market, r
India is preparing to promote its rice varieties in 26 new international markets, including Indonesia, Saudi Arabia, Japan, and Mexico, to increase its ₹1.8 trillion rice export revenue. This program is a crucial step towards diversifying India's export base and enhancing its position in global food markets. Dev Garg, Vice-President of the Indian Rice Exporters Federation (IREF), claimed that these countries now rely on suppliers such as Pakistan and Thailand, providing a chance for India to increase its market share. This global outreach initiative will be officially launched during the
The UAE has begun constructing the world's first gigascale renewable energy project capable of providing continuous clean power. His Highness Sheikh Theyab bin Mohamed bin Zayed Al Nahyan attended the groundbreaking ceremony for the revolutionary project, which will generate one gigawatt of continuous renewable energy. Masdar and Emirates Water and Electricity Company (EWEC) developed the initiative, which corresponds with His Highness Sheikh Mohamed bin Zayed Al Nahyan's aim of advancing sustainable energy. It combines a 5.2-gigawatt solar photovoltaic plant with the world's largest and m
Piyush Goyal, India's Commerce and Industry Minister, has urged nations in the Global South to unite and present a cohesive front to overcome growing uncertainty and distrust in global commerce. Goyal stated during the 16th Session of the United Nations Conference on Trade and Development (UNCTAD) in Geneva that the rules-based international system was being undermined by protectionist barriers, unilateral acts, and non-market practices. He warned that the breakdown of trust between institutions and states has generated major challenges for developing economies. Tariff barriers, supply cha
Union Minister Piyush Goyal has emphasised a large increase in Foreign Direct Investment (FDI) into India, stating that the country is becoming a more appealing destination for international investors. According to Goyal, investors from around the world have announced plans to invest more than Rs 50,000 crore in India's financial and banking sector in a few months. In a social media post, the minister described India as "an oasis for investments" during global economic uncertainty. He emphasised that the consistent inflow of FDI demonstrates growing international confidence in India's econ