Corporate circles and corporate India are buzzing about the IMF's accreditation of the Unified Payments Interface, or UPI, as the largest real-time payment system in the world with 129.3 billion transactions. Key online payment platforms have praised the recognition and emphasised the close cooperation between the banking
The International Monetary Fund (IMF) has cut its global growth forecasts. It now sees a distinctly threatened world economy as a result of U.S. President Donald Trump's recent trade policy decisions and the uncertainty they are creating around the globe. In its latest World Economic Outlook published
For fiscal year 2024–25 (FY25), the IMF increased India’s growth prediction by 20 basis points (BPS), bringing it up to 7% from 6.8%. The improvement in private consumption, especially in rural India, is the reason for the improvement in the growth projection, according to the International Monetary
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The Islamic Republic of Pakistan was formed in 1947 after the partition of the British Indian Empire. The country was, initially, a dominion of the British Commonwealth until 1956, when it drafted and framed its own constitution. Ranked among the emerging and growth-leading economies through its rapidly growing middle class,