Business

India Remains the World’s Fastest-Growing Economy with Over 6% Growth as IMF Cuts Forecasts for 127 Countries

Published

1 year ago

April 25, 2025

According to a report from the IMF released on Tuesday, India maintains its position as the world’s fastest-growing major economy, projected to exceed 6 percent growth over the next two years. This comes as the IMF has revised growth forecasts downward for more than 120 countries.

Gita Gopinath, the IMF’s chief economist, stated, “Our April 2025 World Economic Outlook predicts a marked slowdown in global growth to 2.8 percent for 2025, with growth downgrades affecting 127 countries that together account for 86 percent of global GDP.”

Gopinath further emphasized the need for clear and predictable trade policies, noting that countries must tackle structural challenges to rebuild resilience and reignite growth momentum in a post on X.

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The report forecasts India’s economy to grow by 6.2 percent in 2025 and 6.3 percent in 2026, significantly outpacing China’s growth predictions of 4 percent and 4.6 percent for the same years.

In contrast, the United States, which has been at the center of recent tariff disputes, is expected to experience a GDP growth slowdown to 1.8 percent this year, declining further to 1.7 percent by 2026, as noted in the IMF report.

The Euro Area is anticipated to see a sluggish growth of just 0.8 percent in 2025, followed by a modest recovery to 1.2 percent in 2026. Germany is projected to face the deepest contraction, with zero growth in 2025 and 0.9 percent in 2026. Meanwhile, France’s growth is estimated at 0.6 percent in 2025 and 1 percent in 2026. Spain, however, is set to be the standout in Europe, achieving a growth rate of 2.5 percent in 2025, though it is expected to slow to 1.8 percent in 2026. The UK is forecasted to experience growth rates of 1.1 percent in 2025 and 1.4 percent in 2026.

Japan, too, is bracing for challenges brought on by the global trade conflict, with its growth expected to stagnate at 0.6 percent for both years.

The IMF’s April 2025 World Economic Outlook (WEO) was unveiled in Washington on Tuesday. The report mentions that shortly after the January 2025 WEO Update, the US implemented several rounds of tariffs on key trading partners and vital sectors.

“As a result, we anticipate that the sharp rise in tariffs and the ensuing uncertainty beginning April 2 will lead to a considerable slowdown in global growth in the near term,” the report noted, projecting global growth to fall to 2.8 percent in 2025 and 3 percent in 2026, revised down from 3.3 percent in the January update.

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Business

Opendoor Shuts Down India Operations, 250 Employees Affected

Published

1 day ago

June 11, 2026

Namma Kudla

Business: US-based real estate technology company Opendoor has decided to close its operations in India. The move will impact nearly 250 employees.

CEO Kaz Nejatian said the company is bringing operational roles closer to its customers in the United States. He explained that most of Opendoor’s customers are based in America.

The company said the decision is not related to the performance of its India team. Nejatian praised the employees for their hard work and contributions.

Affected workers will receive severance pay, job placement support, and other assistance. A small number of employees will stay temporarily to help with the transition.

Opendoor said it will continue focusing on simplifying operations and improving efficiency with new technology and AI.

Business

Domestic LPG Cylinder Price Increased by Rs 29

Published

5 days ago

June 7, 2026

Namma Kudla

New Delhi: The price of domestic LPG cooking gas cylinders has been increased by Rs 29 across India. This is the second price hike in the last three months.

The increase comes as global energy prices continue to rise due to the ongoing conflict in the Middle East.

After the revision, a domestic LPG cylinder now costs Rs 942 in Delhi, Rs 941.40 in Mumbai, Rs 968 in Kolkata, and Rs 957.50 in Chennai. In Bengaluru, the new price is Rs 944.50 per cylinder.

The government said the cost of supplying LPG has increased significantly. However, subsidies under the Pradhan Mantri Ujjwala Yojana continue to help over 10 crore beneficiaries.

Petrol, diesel, and CNG prices have also increased in recent weeks as global fuel markets remain volatile.

Business

Honda Begins Delivery of 2026 City Hybrid

Published

1 week ago

June 3, 2026

Namma Kudla

Business: Honda Cars India has started delivering the new 2026 Honda City Hybrid to customers. The first car was handed over at a dealership in Bengaluru.

Honda President and CEO Takashi Nakajima attended the special delivery event. Other senior company officials were also present.

The first customer received a Crystal Black Pearl Honda City Hybrid. The car was delivered with a symbolic key and a gift hamper.

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The updated City comes with new features such as ventilated front seats and a 360-degree camera. It also offers wireless Apple CarPlay, Android Auto, and a sunroof.

The sedan is available with petrol and strong-hybrid powertrain options. Honda claims the hybrid version delivers a mileage of 27.26 kmpl.

The Honda City competes with the Volkswagen Virtus, Skoda Slavia, and Hyundai Verna in India.