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By Dr. Gyan Pathak Real earning of workers in India remained unchanged and there was low quality of employment growth in recent years. Even though extreme poverty in India has been reported declined to 2.6 per cent by World Bank’s Poverty & Equity brief for India released on October 30, 2026. Poverty, Prosperity, and Planet […]

The article Real Earning Unchanged In India With Low Quality Of Employment Growth appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

By Nilotpal Basu Faced with growing protests over the large-scale electoral malpractices initiated by the supposedly neutral umpire, the Election Commission of India, which clearly favours the BJP, the government and the ruling party have gone berserk. Like a drowning man clutching at straws, the ruling party and its army of social media foot soldiers […]

The article Regime Change Threat And Foreign Funding Are The Bogey Of Ruling Party To Curb Dissent appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

By Nitya Chakraborty In just ten days between October 25 and November 3 this year, four national elections were scheduled. Out of these, elections were held in Brazil and Serbia on October 25 and in Israel on October 27. Only on November 3, the midterm elections will be held in the United States. The bitter […]

The article Four Elections In Ten Days: Authoritarianism Is Finally Getting A Backlash appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

By Nantoo Banerjee The prolonged blockade of the Strait of Hormuz, lately due to the ego tussle between the United States and Iran, have inflicted severe financial, operational, and human costs on India’s merchant marine industry and broader import-export trade. But, thanks to an excellent supply chain management effort, it failed to impact the country’s […]

The article Excellent Supply Chain Handling Helped India Avoid A Major Stagflation appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Addressing the National Assembly in Hanoi on Saturday, Hung presented the government’s economic objectives for next year, including inflation of approximately 4.5%, gross domestic product per capita of $6,100 and labour productivity growth of 8.6%.

The proposed targets form part of 45 socioeconomic indicators submitted to lawmakers as the government seeks to sustain rapid expansion while addressing structural weaknesses, administrative bottlenecks and pressures on public finances.

Hung said achieving double-digit growth would require stronger coordination between fiscal and monetary policies, more effective mobilisation of investment resources and substantial improvements in the business environment.

The government intends to make science, technology, innovation and digital transformation central drivers of economic expansion, alongside institutional reforms designed to improve productivity and encourage private investment.

The announcement follows an earlier parliamentary resolution establishing average annual GDP growth of at least 10% as the national objective for 2026-2030. The 2027 proposal translates that broader ambition into specific annual targets and policy priorities.

Vietnam’s economy expanded by an estimated 9.01% during the first nine months of 2026, according to figures cited in a government resolution issued this month. The performance provides a foundation for next year’s target but also underlines the additional acceleration required.

The government has identified infrastructure development, industrial modernisation and improvements in investment procedures as essential to sustaining expansion. Hung emphasised that economic growth must be accompanied by inflation control and stability in the country’s principal financial balances.

Authorities plan to accelerate public investment disbursement, particularly for strategic infrastructure projects, while addressing delays in project approvals and implementation. Greater efficiency in allocating public resources is expected to support the government’s development priorities.

Private enterprise is also expected to assume a larger role. The administration wants to remove regulatory obstacles, improve access to productive resources and create more favourable conditions for businesses operating across different sectors.

The policy programme places considerable emphasis on improving the quality of growth rather than relying exclusively on expanding investment. Productivity gains are expected to become increasingly important as Vietnam pursues higher economic output and stronger competitiveness.

Hung’s presentation identified institutional reform as a central requirement for implementing the government’s objectives. Ministries and provincial administrations will be expected to translate national targets into specific responsibilities, implementation schedules and measurable outcomes.

The government also intends to strengthen coordination across administrative levels, improve public-sector accountability and address persistent obstacles affecting investment and business operations.

Maintaining price stability represents another important element of the programme. The proposed consumer price inflation target of approximately 4.5% reflects the administration’s intention to balance expansionary economic measures against the need to protect purchasing power.

Fiscal policy will consequently face competing demands from infrastructure investment, public services and social welfare commitments. Monetary authorities will also need to support productive activity without undermining financial stability.

The government’s economic programme includes measures to strengthen domestic production, improve supply chains and encourage technological adoption. These priorities are intended to support industrial competitiveness and reduce constraints on productivity.

Digital transformation features prominently in the development strategy, with authorities seeking broader application of technology across public administration and economic activity. The approach links improvements in government efficiency with efforts to modernise businesses.

The prime minister also stressed the importance of mobilising resources more effectively, including investment capital, land and other productive assets. Better allocation of these resources is expected to help overcome barriers to growth.

Social development remains part of the proposed framework. The government aims to reduce the multidimensional poverty rate by between one and 1.5 percentage points during 2027, while improving living standards and maintaining essential public services.

The targets were presented during the opening of the second session of the 16th National Assembly, which is examining the government’s assessment of economic performance in 2026 and its proposed development programme for the following year.

The broader policy framework also covers environmental protection, national security and international economic integration, alongside measures to strengthen the country’s administrative institutions.

A Communist Party Central Committee decision governing the 2027 budget framework calls for state budget revenue to increase by approximately 9.1% compared with the estimated 2026 outcome.

It also provides for savings of 5% from public investment allocations and 10% from specified recurrent expenditure categories, directing additional resources towards priority projects and social welfare programmes.

Yanliang Miao, Chief Economist and Senior Managing Director of CICC, shared his insights on China’s economic transformation and the evolving international monetary order in his opening remarks and keynote speech. He noted that understanding China requires a global rebalancing perspective, considering both the dynamism of emerging industries and the implications of the transition from old to new growth engines for jobs, incomes and demand. Alongside its green and digital transitions, China is also working toward a growth model supported by higher household incomes and services-led consumption. Turning to the international monetary order, he observed that shifts in the global economy, trade networks and financial technology are driving the evolution toward a more diversified international monetary system. Economic and trade strength do not automatically translate into international currency status: institutional credibility and the depth and breadth of financial markets remain central to understanding this evolution and the internationalization of the renminbi.

Huimin Wu, Executive Dean of CICC Global Institute and Deputy Head of Research Department at CICC, noted that, as discussed in The New Pattern of Dual Circulation, a book jointly published this year by CICC Global Institute and CICC Research Department, China’s economy is entering a new stage of development. Its trade and outward investment are undergoing a paradigm shift, while emerging industries are becoming increasingly important drivers of growth in the global economy. These changes are both part of the broader process of global economic rebalancing and deeply shaped by it, giving rise to a new pattern of interaction between China and the global economy.

The forum brought together experts and industry representatives from institutions including the International Monetary Fund (IMF), ASEAN+3 Macroeconomic Research Office (AMRO), Shanghai Advanced Institute of Finance (SAIF) at Shanghai Jiao Tong University, National University of Singapore, ICBC Standard Bank, Wood Mackenzie, and NSQ Capital. Discussions focused on the transformations of China’s trade and outward investment and their global implications, as well as the prospects for emerging industries such as innovative pharmaceuticals, green energy, and artificial intelligence.

This marked the first time the CGI Quarterly Macro Forum was held in Southeast Asia. Taking place during the week of the IMF and World Bank Annual Meetings, amid international discussions on global economic opportunities and challenges, the event brought Chinese perspectives to the global conversation and offered Chinese insights into key issues concerning China’s economy that are of broad international interest.

As an important part of CGI’s ongoing efforts to strengthen international exchanges, present China’s perspective, and foster a deeper understanding of China’s economic transformation process, the event was an innovative exploration. Looking ahead, CGI will continue to deepen its international engagement and work toward building an international dialogue platform focused on China’s economy, contributing to greater mutual trust and consensus, and playing a positive role in this cause.

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About CICC

China International Capital Corporation Limited (CICC, 601995.SH, 3908.HK) was founded in 1995. Our experience in professional services includes leading several prominent transactions, reflecting our close involvement in China’s economic reform and development. Our vision is to become a first-class investment bank with international competitiveness. Our extensive network and cross-border business practices have enabled us to offer high-quality, value-added financial services to a diversified client base. This includes a full-service and balanced business model that offers investment banking, equities, FICC (Fixed Income, Currencies and Commodities), asset management, private equity and wealth management services, all of which draw on our comprehensive research and technology capability. Headquartered in Beijing, the Group has over 200 securities business offices in China, and established subsidiaries or branches in places including Hong Kong SAR, New York, London, Singapore, Frankfurt, Tokyo, Ho Chi Minh City and Dubai. As an investment bank with Chinese roots and an international reach, we are committed to providing first-rate financial services to both our Chinese and global clients to help them achieve their goals.

By Nantoo Banerjee The hand-picked 30-share sensitive index (Sensex) of Bombay Stock Exchange, which has long been seen as the country’s overall industry performance barometer, seems to be losing its reliability under profit-booking punters’ whims. The Sensex faced sharp selling pressure last week, closing down at 72,972.56 after plunging over 1,000 points earlier in the […]

The article Corporate Sector Is Growing Well Despite Iran War, Poor Monsoon appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

By R. Suryamurthy The most consequential question arising from Washington’s latest sanctions legislation is not whether the United States can impose a 100 percent tariff on countries buying Russian oil. It is whether India can continue to conduct an independent energy policy when access to its largest export market is increasingly being linked, directly or […]

The article India’s Russian Oil Dilemma Is Bigger Than Just 100 Percent Tariff appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

By R Suryamurthy The 2026 New Delhi Declaration arrives at a revealing moment for BRICS: two decades after the grouping emerged as a shorthand for the rising economic weight of the Global South, it is no longer merely demanding a larger seat at the table of global governance, but is beginning to construct the institutional […]

The article BRICS is not building a new order, but a hedge against the old one appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

A National Barometer Survey released Thursday showed 43 per cent of respondents approved of Lee’s handling of state affairs, down seven percentage points from two weeks earlier, while 48 per cent disapproved. It was the first time disapproval exceeded approval in the biweekly poll since Lee took office in June 2025.

The same survey found 45 per cent opposed deploying military assets, including maritime patrol aircraft and support ships, to Hormuz, compared with 36 per cent who supported such a move. Opposition was strongest among respondents in their 40s and 50s and among supporters of Lee’s ruling Democratic Party, underscoring the domestic political risk surrounding any military contribution.

Seoul has repeatedly said no final decision has been made. Seong Ghi-hong, senior presidential secretary for public relations and communication, said Wednesday that the government had not finalised its policy and was “cautiously assessing” the issue. A Defence Ministry inspection team sent to the United Arab Emirates to examine conditions returned on Thursday.

The government has described the mission as an assessment rather than preparation for deployment. National Security Adviser Wi Sung-lac also said talks between Lee and French President Emmanuel Macron in Paris focused on possible contributions to maritime security and freedom of navigation, not on an agreement to send troops.

The debate has sharpened as US President Donald Trump presses allies to help secure Hormuz during the prolonged conflict with Iran. Trump has publicly criticised Seoul over its reluctance to support US efforts in the waterway, which carries a major share of the energy supplies used by South Korea and other Asian economies.

South Korean officials have denied that Washington imposed a deadline for a deployment. The presidential office has said Seoul is discussing practical ways to support peace, stability and free navigation with international partners, while weighing military readiness, legal requirements and the risks of deeper involvement in the conflict.

Any dispatch of troops would require approval from the National Assembly, where Lee’s Democratic Party holds a majority. That gives the government procedural room but does not remove the political cost of acting against a sizeable share of public opinion, including voters aligned with the ruling camp.

A separate Hangil Research survey conducted from September 5 to 7 found 47.1 per cent opposed deployment and 43 per cent supported it, a difference within the poll’s margin of error. Opposition rose to 55.5 per cent among Democratic Party supporters and 62.4 per cent among self-described liberals.

Lee’s broader ratings have also weakened for domestic reasons. A Realmeter survey released Monday put his approval at 37.4 per cent, down 1.5 percentage points over the week and the eighth consecutive weekly decline. The pollster linked the fall primarily to disputes over a cabinet reshuffle and housing-related policy changes rather than the Hormuz question alone.

Gallup Korea last week placed Lee’s approval at 40 per cent, with 51 per cent disapproving. Respondents who viewed him negatively most often cited real estate policy, followed by concerns about the economy and livelihoods and dissatisfaction with personnel appointments.

The Hormuz issue nevertheless adds a foreign-policy dilemma at a sensitive moment. South Korea depends heavily on imported energy, and disruption in the strait has already increased the strategic importance of keeping shipping routes open. At the same time, Iran has warned Seoul against military participation, saying such a move could be viewed as siding with US military action.

Shipping through Hormuz remains sharply below pre-war levels as the United States and Iran continue military and economic pressure around the waterway. The conflict has pushed oil prices higher and complicated supply planning across Asia, giving Seoul a direct economic interest in restoring safer passage without becoming drawn further into hostilities.