India
Pakistan airspace closure impacts around 600 Indian flights
Pakistan's airspace closure, in force since April 24, has significantly disrupted international flight operations for Indian carriers, primarily Air India and IndiGo.
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After Pahalgam attack, war clouds hover over the Indian subcontinent
Though no formal announcement or declaration of war has followed, the gravity of the situation is unmistakable. The backdrop is a brazen terror assault in India’s Pahalgam region of its Jammu and Kashmir state that killed 25 Indians and 1 Nepali.
Record gold prices to hit sales volume of Indian jewellery retailers
Gold prices in India have been on a steady uptrend for months, recently touching record highs driven by the US-China trade tensions, a weakening US dollar and rising investor appetite for safe-haven assets.
BRICS seeks new global alignment at Rio ministerial summit
The expanded BRICS alliance has emerged as a potent diplomatic force at its foreign ministers’ summit in Rio de Janeiro on April 28 ahead of the July meeting.
Global military spending surges to $2.7 trillion – Statista
Global military spending hit $2.7 trillion last year, according to the latest data by the Stockholm International Peace Research Institute (SIPRI), Statista reports.
Japanese official warns of wider Asian security impact of Trump tariffs
Former defence minister Itsunori Onodera, speaking in Washington at the Center for Strategic and International Studies, expressed particular concern about the potential impact on Southeast Asia.
India bans Pakistani Youtube channels over provocative content after Kashmir attack
The ban, announced on April 28, 2025, is in response to content described by the Indian Ministry of Information and Broadcasting as inflammatory, communally charged, and aimed at undermining trust in India’s armed forces and security institutions.
India and Pakistan face-off following killing of 26 tourists as water politics comes into play
After the killing of 26 tourists, tensions are boiling over between India and Pakistan. The perpetrators of the attack, The Resistance Front, is widely believed to have ties to the Pakistani state and military.
Reserve Bank of India signals further rate cuts as inflation eases and growth outlook weakens
With inflation in India expected to remain close to target during the current fiscal year, the Reserve Bank of India has room for further monetary easing, members of the Monetary Policy Committee said in the minutes of the April policy meeting.
Pakistan shuts airspace for Indian airlines in response to New Delhi's punitive measures over Pahalgam attacks
Islamabad on April 24 announced the closure of its airspace to all Indian airlines, the suspension of trade, including through third countries, and the downgrading of diplomatic relations with New Delhi.
IMF: Enhancing financial stability for resilience during uncertain times
Capital markets are essential for driving economic activity, providing mechanisms for raising funds and allocating resources efficiently. The stability of these markets and the financial institutions that intermediate them are critical.
IMF: Global debt to exceed pandemic levels soon
Global public debt is set to rise to 95% of GDP this year and will continue to climb in the next years to top 100%, says the IMF.
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India unveils retaliatory steps against Pakistan over Pahalgam terror attack
India’s Cabinet Committee on Security has rolled out a stringent five-point plan targeting Pakistan, in the wake of a deadly terror strike in Pahalgam, Jammu and Kashmir, which killed 26 civilians.
Pakistan's headline-making 22 GW of solar panel imports
This development occurred with limited state intervention. The government, however, played a crucial role in facilitating adoption by removing import tariffs, approving net metering policies and allowing market dynamics to lead the transition.
India moves to cut reliance on Chinese solar modules and PV cells
India has taken significant strides when it comes to reducing import dependency for solar modules and PV cells, which is a result of expanding domestic manufacturing capabilities.
Rising CO2 and temperatures make rice more toxic – The Lancet
Rice, the most widely consumed grain in the world, is likely to become increasingly toxic as global temperatures and carbon dioxide levels rise, according to new research published in The Lancet on April 17.
IMF: Global growth is expected to decline and downside risks to intensify as major policy shifts unfold – WEO
After enduring a prolonged and unprecedented series of shocks, the global economy appeared to have stabilized, with steady yet underwhelming growth rates, the International Monetary Fund said in its latest World Economic Outlook.
BRICS labour meeting in Brasilia tackles AI impact, green transition
The 4th BRICS Employment Working Group (EWG) Meeting concludes in Brasília today, following three days of discussions focused on artificial intelligence, digital transformation and just transition in the world of work.
Vance urges stronger India-US ties during Jaipur visit
US Vice-President JD Vance has stressed the importance of strong cooperation between India and the United States to ensure a “prosperous and peaceful” 21st Century
COMMENT: Five key trends in new global paradigm of narrow self-interest – Oxford Economics
A new global economic paradigm is taking shape as major economies pivot towards policies rooted in narrow national self-interest, a shift that political analysts at Oxford Economics believe will have lasting repercussions.