economic resilience

US Secretary of the Treasury, Scott Bessent, on Wednesday, praised Japan's economic resilience and highlighted the importance of economic security during meetings with senior Japanese leaders on Tuesday as part of his Asia visit. The visit came ahead of US President Donald Trump's upcoming summit with Chinese President Xi Jinping in Beijing from May 13-15.

In a significant step towards revitalizing its economy, Pakistan has wrapped up vital discussions with the IMF, centering on fiscal strategies and essential reforms. The dialogues emphasized changes in the energy sector, restructuring of state-owned enterprises, and efforts to draw in private investment.

Indore, Gwalior Top Vulnerability Charts Among 100 Cities

Billionaire Carlos Slim advocates for fiscal prudence during economic booms, a principle that strengthens companies for inevitable downturns. This approach counters the tendency for excessive spending and hidden inefficiencies that high revenues often mask. By focusing on waste prevention and retaining flexibility, businesses build resilience, enabling them to navigate crises without drastic measures.

Study Calls For Investment In Conservation And Restoration

The government remains committed to reforms and policy certainty, aiming for macroeconomic stability and global competitiveness, according to Principal Secretary Shaktikanta Das. He urged Indian businesses to build resilience by strengthening balance sheets, diversifying markets, and investing in R&D. Recent FTAs are expected to boost integration into global value chains.

The Indian Consulate in Shanghai hosted FICCI President Anant Goenka and Chinese business leaders to boost bilateral economic cooperation. Consul General Pratik Mathur highlighted India's economic vision and opportunities in advanced manufacturing, green tech, and the digital economy, emphasizing collaboration for mutual growth.

To increase resilience, massively scale up renewables, electrify transport, and make India attractive for world's best companies

Prime Minister Modi warned that ongoing global conflicts and instability risk undoing decades of development and plunging populations into poverty. Addressing the Indian diaspora in The Hague, he emphasized the critical need for resilient and trusted global supply chains, highlighting India's cooperation with the Netherlands in this area. He also celebrated the diaspora's cultural preservation and India's recent economic transformation.

Odisha's hotel and restaurant association lauded Prime Minister Modi's call for domestic travel, seeing it as a significant boost for the nation's tourism and hospitality. This focus on local tourism promises to stimulate demand, increase spending, and accelerate economic activity.