Economy – Blog Category

Mark Carney's election as Canada's Prime Minister in April 2025 heralds a potential thaw in the frosty relations between India and Canada. With his extensive background in economics and finance, Carney's leadership could pave the way for renewed economic collaboration between the two nations.

In the rarefied world of Swiss luxury watches, time is money. For decades, China was the golden hour. However, in April 2025, the Swiss are setting their sights firmly on India. According to the Federation of the Swiss Watch Industry (FH), India's imports of Swiss watches increased by 18.5% year-over-year in 2024, making it the fastest-growing primary market globally. Brands like Rado, Omega, and Tissot are making a decisive pivot towards India, indicating a profound shift in the global luxury landscape.

In early 2025, the global economy witnessed a brief respite as major economies, including the United States, announced a temporary pause on certain tariffs. This move was anticipated to alleviate the mounting pressures on international trade and supply chains. However, beneath this surface-level relief lies a complex web of challenges that continue to strain global supply chains and economic stability.​

In April 2025, both the International Monetary Fund (IMF) and the World Bank trimmed India’s FY26 growth forecasts. The IMF now pegs it at 6.2%, while the World Bank estimates 6.3%, down from earlier projections of 6.5% and 6.6%, respectively. At first glance, this may appear to be a setback. However, these numbers must be viewed in context, particularly when considering the broader global economic climate and India’s comparative macroeconomic strength.

India’s trade deficit with China has surged to an all-time high of $99.2 billion in FY24, up 12% from the […]

When former President Donald Trump re-emerged on the campaign trail with a renewed promise to “weaken the dollar,” it raised eyebrows across global markets. The move is not just political rhetoric; it’s a deliberate economic signal that could alter the direction of global capital, trade balances, and currency dynamics.

As global trade experiences turbulence amid rising protectionism, the India-UAE relationship emerges as a beacon of opportunity. The resurgence of tariff-driven policies, especially under the potential return of Donald Trump to the U.S. presidency, threatens to realign global trade dynamics. In this context, India and the United Arab Emirates (UAE), both fast-growing economies with shared strategic goals, are uniquely positioned to mitigate external risks and amplify bilateral cooperation across trade, technology, energy, and innovation.

With geopolitical tensions and global trade dynamics shifting rapidly, India and the United States are working against the clock to finalise a partial bilateral trade agreement. The goal? To cement progress before the 90-day pause on reciprocal tariffs—announced by former US President Donald Trump and recently revived under ongoing negotiations—expires.

Tariffs are often portrayed as a tool to protect domestic industry. But economically, they are regressive taxes. They raise the cost of imported goods, which then filters into:

The USD has traditionally been regarded as a safe-haven currency, underpinned by the belief in the U.S. economy's resilience and dynamism—a concept known as "U.S. exceptionalism." However, this narrative is being challenged as investors reassess the country's economic policies and global ramifications. The USD is experiencing its worst start since the 2008 financial crisis, leading to gains in emerging market currencies like the Russian ruble. ​