LawLoveLegal

In a remarkable milestone, India has officially overtaken Japan to become the world’s fourth-largest economy , according to the International Monetary Fund (IMF) . The announcement was made by BVR Subrahmanyam , CEO of NITI Aayog , during the 10th Governing Council Meeting held in New Delhi , chaired by Prime Minister Narendra Modi . India Touches the $4 Trillion Mark BVR Subrahmanyam stated that India’s economy has reached the USD 4 trillion level , marking a significant advancement in its global economic standing. Citing the IMF’s April 2025 World Economic Outlook , Subrahmanyam said: "We are a $4 trillion economy as I speak, and this is not my data. This is IMF data. India today is larger than Japan. Only the United States, China, and Germany are ahead." India has now moved up from being the fifth-largest economy in 2024 to its current fourth position, overtaking Japan with marginal differences in nominal GDP projections. IMF Projections Confirm India’s Lead ...

Massive Tariff Hike by China in Retaliation In a sharp escalation of the ongoing trade conflict, China has announced an increase in tariffs on US goods—from 34% to a steep 84%—starting April 10. The move comes directly in response to US President Donald Trump’s imposition of a 104% tariff on Chinese imports, declared during the US "Liberation Day" address. The tariff war between the two largest economies has been intensifying. President Trump warned that unless China rolled back its 34% tariff within 24 hours, the US would impose additional duties and halt all ongoing talks. China’s decision to raise tariffs by 50 points—mirroring the US move—signals a strong and calculated response. White House’s Aggressive Stand White House Press Secretary Karoline Leavitt defended the 104% tariff, asserting that retaliation was expected and that the US would “punch back harder.” She emphasized that the Trump administration is no longer willing to tolerate trade practices that, in its ...

IMF Director Advocates for Continued Reforms in India for Sustained Growth and Investments Krishna Srinivasan, Director of the Asia-Pacific Department at the International Monetary Fund (IMF), has underscored the importance of ongoing reforms in India to ensure sustained economic growth and attract investments. In a recent statement, Srinivasan highlighted India's remarkable economic performance amidst global uncertainties, emphasizing the need for collective efforts to fully capitalize on the country's demographic advantages. Sustained Growth Path and Investment Opportunities India's economic trajectory, with a projected growth rate of 6.8% in 2024-25, primarily driven by private consumption and public investments, has garnered attention. Srinivasan commended India's resilience in navigating various challenges, including the pandemic and geopolitical tensions, while stressing the imperative of reforms to optimize growth potential. Emphasis on Reforms for Productivity a...