World

NEW DELHI -- India's brisk economy has created a tail wind for Prime Minister Narendra Modi's reelection campaign, although some analysts caution that the reality might not be quite as rosy as the headline numbers suggest. The South Asian country's gross domestic product for the October to December quarter surprised most economists, growing by 8.4%. Most forecasters had predicted the economy would struggle to clear 7% for the quarter. Although India only reports figures for fiscal years, the reading resulted in a robust growth rate of about 7.7% for the calendar year. The GDP jump is part of a string of glowing reports on the Indian economy. "We expect India to be the fastest-growing economy among major G20 countries, with its real GDP growth to accelerate to around 8% in the fiscal...

Amid the economic crisis in Pakistan, President Asif Ali Zardari announced on Tuesday his decision to forgo his salary while in office, reported The Express Tribune. “In view of the prevailing economic challenges, President Zardari has decided that he will not draw his presidential salary. He took this decision to encourage prudent financial management in the country,” said a statement released by the President’s Secretariat. He has taken over as the head of the state for a historic second time, reported Dawn. Earlier, he served as President of Pakistan from 2008 to 2013. According to the Election Commission of Pakistan, Zardari got 411 electoral votes. He defeated his opponent and chief of the Pashtoonkhwa Milli Awami Party (PkMAP), Mehmood Khan Achakzai, who could only get 181 ...

A more nuanced look at China’s economic indicators is necessary to understand current trends. In recent years, there has been a notable shift among certain Western politicians, media outlets and think tanks regarding their perspective on China’s developmental trajectory. The once-popular theory of an imminent Chinese collapse, famously asserted by Gordon G. Chang over two decades ago, has finally begun to lose traction. But there is still a lingering reluctance to acknowledge China’s sustained ascent, prompting the emergence of a new buzzword: “Peak China.” As the second-largest GDP globally for 15 consecutive years, China’s economic landscape has naturally witnessed expansion alongside moderated growth rates, a phenomenon well-recognized in economic theory. In the context of China’...