China sets lowest growth target since 1991 as economy struggles to keep pace

China sets lowest growth target since 1991 as economy struggles to keep pace

BEIJING – China on Thursday announced its lowest growth target in 35 years, as the world’s second-largest economy grapples with domestic challenges and rising uncertainty around the world. This year, China will aim for 4.5% to 5% growth in gross domestic product “while striving for improvement in behaviour”, China’s No. 2 official, Premier Li Qiang,…

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The budget for 2026–2027 sets a total expenditure of Rs 53.47 lakh crore as the government strikes a balance between fiscal restraint and growth: FM Sitharaman

The budget for 2026–2027 sets a total expenditure of Rs 53.47 lakh crore as the government strikes a balance between fiscal restraint and growth: FM Sitharaman

Responding to the discussion on the budget in the Lok Sabha, Finance Minister Nirmala Sitharaman underlined the government’s strategy to maintain high capital expenditure along with fiscal consolidation, saying the total expenditure in the Union Budget for the financial year 2026-27 has been pegged at Rs 53.47 lakh crore. The revised estimate for the current…

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