The International Monetary Fund has urged nations to slash their $US1.9 trillion ($1.8 trillion) in annual energy subsidies because they increase inequality, boost greenhouse gas emissions and limi

What is the new normal for the Indian steel industry?

India is estimated to have one of the lowest economic growth rates among the South Asian Association For Regional Cooperation (SAARC) nations over the next two years, despite being the largest econ

Washington India and China have made important in-roads into reducing poverty, a top International Monetary Fund (IMF) official said, adding at the same time with high growth, they have also seen rising inequality.

"India and China too have made important in-roads into reducing poverty. Yet, with high growth, they have also seen rising inequality. Those inequalities need more attention. So we need growth. We need equitable growth. We need inclusive growth," IMF Managing Director, Christine Lagarde, said.

After Portugal's driest February in 80 years, farmers are praying for a miracle as drought ravages pastures and sparks forest fires, exacerbating the country's economic crisis.

What do the financial and economic crises of the high-income countries mean for emerging and developing countries?

The Union Cabinet, on Tuesday, is likely to take up the National Manufacturing Policy, which aims at developing mega industrial zones with flexible labour and environmental laws.

Official conservative estimates suggest that floods in Sindh would affect the gross domestic product (GDP) by about 0.5 percent and GDP growth would be at around 3.7 percent of the GDP against the