government spending News

Government Aims to Meet Fiscal Deficit Target Through Strategic Spending Cuts

The Indian government plans to meet its fiscal deficit target of 4.9% of GDP by reducing spending, despite a slight decrease in nominal GDP estimates. Strategic spending cuts and c...

India's Economic Growth to Slow Down to 6.4% in 2024-25, HDFC Securities Predicts

HDFC Securities predicts India's GDP growth to slow to 6.4% in 2024-25 due to urban demand slowdown and insufficient private capex revival. The firm highlights rural demand and gov...

Trump Urges Congress to Abolish or Extend Debt Ceiling to Secure Spending Deal

President-elect Donald Trump calls on Congress to abolish or extend the debt ceiling until 2029 to secure a government spending agreement, amidst House's failure to pass a new fund...

Thai Industrial Sentiment Reaches 8-Month High: Tourism and Exports Driving Growth

Thai industrial sentiment index reached an 8-month high in November, driven by stronger exports and tourism. The Federation of Thai Industries cites year-end orders and government ...

ADB Cuts India's GDP Growth Forecast: What's Behind the Downgrade?

The ADB has lowered India's GDP growth forecast to 6.5% from 7% due to slower-than-expected second quarter growth, affected by manufacturing slowdown and lagging government spendin...