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India not shining enough for int'l tourists

New Delhi: Foreign tourist arrivals (FTAs) in India this year are expected to be flat at most compared with last year, amid global conflicts that have driven up oil prices and made travel more expensive, according to industry insiders. They also demanded the revival of marketing and promotional activities abroad to attract tourists.The Federation of Associations in Indian Tourism and Hospitality (FAITH) estimates 8-9 million foreign tourists will visit India in 2026. As per the Ministry of Tourism's provisional estimates, 9.15 million foreign tourists arrived in India in calendar year 2025, falling 8.1% from the prior year and as much as 16.3% from pre-Covid 2019.This year in April, the first month of the fiscal year, India received about 534,000 foreign tourists, a 31% drop from April 2019 and 14.3% lower compared with a year earlier.133849761Aashish Gupta, consulting chief executive of FAITH, cited the war in Iran and Ukraine, which have pushed up fuel prices, and consequently in...
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Foreign uni influx fuels Indian edtech rebirth

Bengaluru: The entry and expansion of foreign universities in India is creating potential new business opportunities for edtech firms, driving demand for online higher-education and professional courses in partnership with global institutions.Simplilearn and Scaler expect the growing presence of foreign universities to help boost their enrolments, while Emeritus, which has seven university joint ventures, expects its footprint in the country to grow 10-15% in the coming years."We are doubling down in India, and this initiative is central to our growth," said Ashwin Damera, chief executive of Emeritus.133848390This comes after the University Grants Commission (UGC) issued 16 Letters of Intent (LoIs) to 15 foreign higher education institutions from Australia, Italy, the UK and the US to set up campuses at various locations in India. The proposed campuses are expected to come up in Bengaluru, Greater Noida, Gurgaon, Mumbai and Chennai."Some of these brands being present in ...
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PM Modi recalls India's ‘Fragile Five’ era

Prime Minister Narendra Modi on Saturday recalled a time when India was counted among the world’s “Fragile Five” economies, with weak GDP growth, high inflation and a record current account deficit, as he contrasted the country’s economic position then with its trajectory since.Speaking at the centenary celebrations of Shri Ram College of Commerce (SRCC), Modi said the economic conditions in 2013 were marked by widespread concerns over growth, inflation and policy paralysis.Also Read: The ‘naraaz fufa’ of politics: Modi’s latest dig at habitual critics“The world was counting India among the "Fragile Five,"” Modi said, referring to the period when India’s economic vulnerabilities were drawing global attention.He said the economic challenges were reflected in several key indicators.“The World Bank had lowered its GDP growth forecast. The current account deficit was at an all-time high. Inflation was around 10 per cent,” Modi said.“The industrial sector was in the grip of a slow...
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US-Russia contacts beneficial, talks begin: Putin

from Economic Times https://ift.tt/x68VkQT
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Strong jobs report fuels Fed rate hike prospects as Trump escalates rate cut pressure

A stronger-than-expected U.S. jobs report has put a September interest-rate hike back firmly on the table, leaving Federal Reserve Chair Kevin Warsh facing a difficult choice as President Donald Trump intensifies his demands for lower borrowing costs, Reuters reported.U.S. employers added 162,000 jobs in August, nearly three times what economists had expected, while the labor force participation rate rose to 61.6%. More people moved from the sidelines directly into jobs, helping keep the unemployment rate at 4.1% even as the pool of available workers expanded.The report strengthens the argument for the Fed to raise rates at its Sept. 15-16 meeting, particularly after Warsh last week said he needed confidence that inflation was moving back toward the central bank's 2% target "clearly and at sufficient speed. Otherwise, we have work to do."But the stronger labor market data arrives as Trump steps up pressure on the central bank."The Fed Board, with its great new leader...
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A Michigan farmer reclaimed his family’s 131 acres

from Economic Times https://ift.tt/3lU1pAK
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Slice closes $100M round; valuation more than halves

from Economic Times https://ift.tt/cdCnuxi
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