Apple’s App Store continues to make a significant economic impact in India, facilitating a staggering Rs 44,447 crores (approximately $5.31 billion) in developer billings and sales in 2024, according to a newly published report. An overwhelming 94 percent of this commerce flowed directly to developers and businesses without any commission deducted by Apple. The report, authored by IIM Ahmedabad professor Viswanath Pingali, sheds light on the transformative effect the App Store

Non-Resident Indians have long played the role of cultural ambassadors, but their economic contribution is now more vital than ever as India navigates an increasingly turbulent global landscape. Amid rising trade tensions and monetary uncertainties, the Reserve Bank of India has acknowledged that NRI remittances and investments are not just sentimental gestures but strategic assets. The RBI, in its recent monthly bulletin, noted that with the right policy support, India can transform global v

As gold prices hit historic highs in India, Zoho founder and CEO Sridhar Vembu took to social media to praise India’s traditional trust in gold while delivering a scathing critique of modern financial systems, central banks, and even Bitcoin. With retail gold prices crossing ₹1 lakh per 10 grams, driven by global economic uncertainties and demand for safe-haven assets, Vembu reinforced the sentiment that gold has long been at the core of India’s economic and cultural stability.

Singaporeans will head to the polls on May 3, 2025, for a landmark general election that will test Prime Minister Lawrence Wong’s leadership amid increasing global economic uncertainty and domestic political shifts. This marks the first election under Wong, who succeeded Lee Hsien Loong, ending decades of leadership under the influential Lee family. The ruling People's Action Party (PAP), in power since 1959, is expected to retain its majority, but with growing opposition strength a

Ray Dalio, billionaire founder of Bridgewater Associates and one of the world’s most closely followed investors, has issued a stark warning that the United States could be on the verge of something far more severe than a typical recession. His concerns are rooted not in speculation, but in a detailed analysis of macroeconomic trends, fiscal policy decisions, and geopolitical tensions that he believes are combining to create an economic environment that could result in significant long-term

 China has indicated a willingness to address India’s rising concerns over a ballooning trade deficit that is projected to touch a record $100 billion in the financial year 2024–25. This development comes as China seeks to offset its economic challenges amid intensifying trade friction with the United States. People familiar with the situation have said that Beijing has informally conveyed its openness to increasing imports from India by reducing tariff and non-tariff barriers,

Treasury Secretary Scott Bessent addressed growing public concern over recent market volatility and its impact on retirement savings, offering reassurances that most Americans approaching retirement are not overly concerned with short-term financial fluctuations. His comments came amid a turbulent week for the U.S. stock market, which experienced significant declines following President Donald Trump's announcement of new tariffs on major trading partners. The administration is facing increas

  In a major escalation of the ongoing trade conflict between the United States and China, Beijing has announced a significant hike in tariffs on American goods, raising import duties from 84% to 125%. The move, confirmed by the Chinese finance ministry on Friday, is a direct response to recent tariff increases imposed by the U.S. administration. It marks one of the most severe retaliatory actions taken by China in the prolonged dispute that has gripped global markets and resha

  India's Minister of Commerce and Industry, Piyush Goyal, has expressed confidence that the recent tariff hikes announced by U.S. President Donald Trump could present an opportunity for India to strengthen its position in global trade. In response to the sudden shift in the U.S. trade stance, Goyal stated that India is well-positioned to benefit economically from the new environment created by America's protectionist approach. Trump recently declared a s

In a noteworthy development signaling the economic progress of Andhra Pradesh, the state has recorded its highest monthly Goods and Services Tax (GST) collection in nearly a year. The GST revenue generated in the state for the month of March 2025 has reached an impressive ₹3116 crore, breaking past the ₹3000 crore milestone for the first time in the last 11 months. This also marks an 8.35 percent year-on-year growth compared to March of the previous year, indicating an upward trend in tax

  In the early months of 2025, U.S. consumer spending on air travel, hotels, and restaurants saw a notable decline, signaling a shift in spending habits amid economic uncertainty. According to data from Bloomberg Second Measure, U.S. consumer spending on air travel dropped by 10% in February 2025, while spending on hotels decreased by 6%, compared to the same time last year. In addition, restaurant spending saw a 3.5% decrease, further highlighting

Washington: As anticipation builds over US President Donald Trump's so-called "Liberation Day" tariff announcement, the White House has confirmed there will be no exemptions in the new wave of reciprocal tariffs. Speaking at a press briefing on Monday, White House spokesperson Karoline Leavitt made it clear that these tariffs are aimed at putting an end to what the administration calls decades of "unfair trade practices" against American exporters. President Trump has

This month, the announcement of sweeping 25% tariffs on cars “not made in the U.S.” has sent ripples through the global automotive industry, especially affecting Asian car manufacturers. U.S. President Donald Trump’s decision has put significant pressure on automakers ahead of the implementation of the new duties, which are set to take effect later this week. The move has particularly shaken Japanese and South Korean carmakers, many of whom rely heavily on the U.S. market. S

The stock market suffered a sharp sell-off on Friday as fears over inflation, declining consumer confidence, and doubts about artificial intelligence investments combined to push major indexes lower. The S&P 500 dropped 2%, making it the second-worst trading day of 2025 for the broad-based index, while the Nasdaq Composite tumbled 2.7%, breaching its lowest point for the year. The Dow Jones Industrial Average also slumped, losing 1.7% as investors reacted to concerning economic signals.

In response to the rising demand for premium travel, Air India has expanded its Premium Economy class, now offering fares starting at just ₹599 on select domestic routes. This move comes as the demand for premium travel has reportedly doubled in the past three years. The airline's new fares aim to provide affordable luxury experiences for Indian travelers. According to Air India’s March 12, 2025 press release, these limited-time fares are priced above standard economy fares and va

In a significant financial setback for India’s wealthiest individuals, seven prominent billionaires, including Mukesh Ambani, Gautam Adani, Shiv Nadar, Azim Premji, Shapoor Mistry, and others, have collectively lost a staggering $34 billion in 2025 following a sharp stock market selloff. According to the Bloomberg Billionaire Index, this loss comes amid growing volatility in global financial markets.   Gautam Adani: The Biggest Loser Ga

The Indian stock market continues to remain volatile, leaving investors uncertain about where to invest their money. After facing a three-week losing streak, the market started positively on Monday, but gains were short-lived as Sensex and Nifty slipped into negative territory in the afternoon session. Despite this recent setback, the markets witnessed some positivity last week, marking the best weekly performance in 2025 so far. Midcap and smallcap stocks outperformed broader indices, with t

Nine months after the formation of the NDA government in Andhra Pradesh, the state is showing a strong economic turnaround. The latest fiscal survey presented in the Assembly highlights that Andhra Pradesh has recorded a 12.94% growth in fiscal management, a clear indication of recovery from the previous administration’s economic downturn. The progress is primarily driven by agriculture, industrial development, and energy production, reflecting the effectiveness of new policies focused

  The idea of distributing federal savings back to American taxpayers in the form of 'DOGE dividends' has recently gained traction, largely fueled by a social media exchange between Elon Musk and President Trump. This novel concept, which originated from investor James Fishback, suggests using savings from federal government cuts to send checks to taxpayers. However, the policy, as proposed, may leave out low-income Americans who do no

Kentucky Fried Chicken (KFC) is making a major move, shifting its U.S. corporate headquarters from its namesake state to Plano, Texas. The decision, announced by parent company Yum Brands, means that 100 corporate employees will transition to the new Texas office within the next six months. This relocation marks a significant shift for the iconic fast-food brand, which has deep historical ties to Kentucky. The move is part of Yum Brands' broader strateg